MONTGOMERY COLLEGE DEPARTMENT OF SOCIAL SCIENCES TAKOMA PARK CAMPUS

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MONTGOMERY COLLEGE

DEPARTMENT OF SOCIAL SCIENCES

TAKOMA PARK CAMPUS



EC 201
-

Principles of Economics I

(3 Credit hours)

Prof. Mahesh Tyagi
, MA, MSc, CPA

CRN
-

2219



Fall

2009





August 31


December 20, 2009


Room: CA

304



Thurs
day



8:00

to
8:50 AM



Mahesh.Tyagi@montgomerycollege.edu


Principles of Economics (with a macro
-
economic emphasis) will enable the student to understand the
basic concepts of supply and demand, national income, savings consumption and investment; income
determination, unemployment and Inflation, money supply and deposit creation, monetary policy, and the
synthesis of monetary and income analysis. Emphasis will be given to the application of these theoretical
tools to such central problems of modern econom
ic society.


Required Text:


Economics

-

Principles and Policy

-

10
th

Edition
-

By William J. Baumol and Alan S. Blinder

The Dryden Press (Harcourt College publishers).


Overall Objectives of the Course:


1.

To acquaint the student with the problems and prin
ciples of macroeconomics in order that he/she may
identify and analyze the factors involved in national economic problems.

2.

To introduce the student to the basic methodologies of economic reasoning and logic.

3.

To analyze the national income and product a
ccounts with simple mathematical tools.

4.

To apply the theoretical tools of macro economic analysis to income determination of productive
resources.

5.

To understand the role of financial institutions in creating the money of the nations.

6.

To apply the tools
to the mechanism of international transactions.

7.

To apply the tools to analyze the current economic problems of poverty and inequality.

8.

To examine and understand the central economic problems of present day, such as full employment and
price stability, in
flation and stagflation.

9.

To evaluate the alternate economic systems
-

Socialism, Communism.


Preparation Prior to Class:


Read each assigned chapter before coming to class. Of course, you may not learn the full meaning of new
concepts and terminology intr
oduced in the chapter, but you should become aware of these concepts and
terminology and in the context in which they are used in the text.


Grades:


Grades will be based on two hourly examinations and class attendance and participation. The final grade
wi
ll be a composite of the following: T
he

two hourly exams

c
onsisting of

45
% each for a total of
-

9
0%







Attendance and class participation






10%
















100%


A

=

91


100

B

=

81


90

C

=

71


80

D

=

65


70

F

=

B
elow 65 FAIL

I

=

INCOMPLETE (Pending make
-
up)


A Note on Exams:


The examinations will include only materials covered in the class. You are expected to participate in class
discussions covering all m
aterials in the text. The
three

hourly exams will consist

of multiple choice and
true/false questions. This format may be changed at the discretion of the Instructor. Students will be given
ample notice of change in the exam format.

Exams must be taken on scheduled dates. It is the student's responsibility to ma
ke arrangements with the
Instructor for a make
-
up exam well in advance of the exam date.


Rules Governing Class Attendance and Participation:




Students are expected to attend all class sessions.



In class, written work must be turned
-
in on time.



Students

are expected to buy and bring to class all required textbooks, study guides and other
required materials by the end of first week of class.


Syllabus:


Unless notified to the contrary, the chapters and reading assignments for each week are to be completed

according to assigned dates.


Important Dates:



TBA

-

Last day to drop a course officially without a grade being recorded



TBA

-

Last day to drop a course officially with a "W".