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Economics 1 and 2 General Information |
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Economics 1 and 2: Introduction to Economic Analysis and its Applications ECONOMICS 1,ECONOMICS
2
I. Course Description Economics 1 and 2 provide a two-semester introduction to economic analysis and its applications. Examples are drawn primarily from the economy of the United States although most of the analysis is transferable to other economies. In areas in which there is considerable disagreement about economic analysis or about the nature of the real world, the courses explore the issues underlying the disagreement. Economics 1 covers microeconomics: the economic decisions of individual people and firms, the determination of prices and quantities of individual goods, wages for various classes of workers, and the theoretical basis for international trade. We discuss at length government policies like taxes, subsidies, tariffs, trade quotas, and income redistribution. Economics 2 is devoted primarily to macroeconomics with emphasis on the determination of the aggregate level of economic activity, economic growth, analysis of government policies, short-run economic stability (the degree of unemployment and the rate of inflation) and long-run economic growth. Other important topics, such as international finance, will also be examined, though in somewhat less detail. Because the subject matter in Economics 2 is based on that of Economics 1, Economics 1 is a prerequisite for Economics 2. Moreover, the two courses may not be taken at the same time (without the permission of the Econ 2 Course Head ~ Dr. Eudey (eudey@econ.upenn.edu.) Please note: Entrance to Economics 2 honors sections requires A- or better in Economics 1 or permission of instructor. Click here for information on waivers and transfer credits. Click here
for information on the Advanced Placement or the Freshmen in the Joseph Wharton Scholars (JWS) program at Wharton receive
a waiver for Econ 1 and Econ 2 upon passing II. Course Organization Two one-hour lectures will be given each week by a professor and a third hour will be held in small recitation sections lead by a Recitation Instructor (RI). III. Basic Text The text for Economics 1 will be Parkin "Microeconomics", 7th edition. Parkin Microeconomics and Study Guide (with Aplia) are ordered by the University Bookstore to accompany the Parkin Micro textbook. The text for Economics 2 will be Eudey "Introduction to Macroeconomics", 2nd edition. This text is ordered by the University Bookstore. (Please Note: Econ 1 is a prerequisite for Econ 2!). IV. Other Readings All readings will be posted on Blackboard. Questions for the exams will be based primarily upon the professors and RI’ lectures. Material and questions from the Parkin texts, and the outside readings will also be a basis for exam questions. Hour examinations in Economics 1 will be given on:
Hour examinations in Economics 2 will be given on:
All students are required to take all three of these examinations and should not schedule conflicting classes. If a student is unable to take a regularly scheduled hour examination, he/she may take a make-up examination only after having received prior permission from his/her Recitation Instructor, or from the course head, and the student must personally get his/her name put on the official make-up exam enrollment list, maintained by the Undergraduate Coordinator, Lynn Costello (160 McNeil). Only students on the official list will be given credit for the make-up exam. The make-up final examination for the Fall Semester final exam will be given at the beginning of the Spring Semester soon after classes begin. NO OTHER ARRANGEMENTS CAN BE MADE. Please note: Failure to make transportation arrangements sufficiently early, so as to have the option of traveling after the Economics 1 or 2 examination, is NOT a valid reason for taking the make-up for the final examination. If you have not already done so, SEE YOUR TRAVEL AGENT NOW. All sections take exams at a common time. Students should make sure they take the exam in the room assigned for their section, which will be announced about one week before the exam. In addition to the three examinations mentioned above, quizzes may be given by the individual Recitation Sections instructors or by the lecturers, at their discretion. See the syllabi for dates of Econ 1 and Econ 2 quizzes.
VI. Course Evaluation The grade in Econ 1 and Econ 2 will be based upon your performance in
the in-class quizzes, the midterms and the final as follows:
VII. Pass/Fail Students Updated: January 3, 2008 |
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