Course Prefix and Number:
ECO 212 (3 credits)
PRINCIPLES OF ECONOMICS
09/15/2010 - 10/13/2010
Puerto Rico – Carolina Campus
Required Course Materials:
Links to course materials and electronic resources for each week of class are located on the page of the student Website. Content is divided by weeks. EBOOK: Hubbard, R. & O’Brien, A. (2010). Economics (3rd ed.). Boston, MA: Pearson Hall. Instructor’s Name:
Mayra M. Malpica Rivera
University of Phoenix E-mail Address:
Alternative E-mail Address:
Primary: firstname.lastname@example.org; email@example.com
Students can call the instructor anytime from 10:00 AM to 7:00 PM. Saturdays from 11:00 AM and 1:00 PM. If the call is not answered feel free to send a text message. All e-mails will be answered on a daily basis as soon as possible. For emergencies, when you are not able to gain access to messages through the Online Learning System (OLS), please send a message to my personal email address. Welcome!
We will have the opportunity to learn concepts and share experiences outside the classroom related to the course in a dynamic and respectful environment. Instructor Bio
I work as an Investment Officer at the Treasury Department of Banco Popular. For the past six years I have been working in the banking industry with a vast experience on the treasury area. I also work as an economics professor since 2001. My academic background includes a Bachelor and a Master Degree in Economics from the University of Puerto Rico, Río Piedras Campus. I also completed a Juris Doctor on the same institution and have been a licensed attorney since 2007.
This course introduces the fundamental theories of microeconomics and macroeconomics. The economic principles studied in this course apply to everyday life as students research an industry, debate issues with trade agreements, discuss the effects of a shift in labor supply and demand, and discuss the strengths and weaknesses of the Consumer Price Index calculation. In particular, students research an industry affected by the economy and perform an economic analysis of the chosen industry.
Course Topics & Objectives
Week One: Principles Of Economics
Explain how the principles of economics relate to decision-making, interaction, and the workings of the economy as a whole. Compare and contrast economic systems.
Describe how the necessity of a good and the availability of substitutes impact price elasticity. Determine how changes in supply and demand influence price, quantity, and market equilibrium.
Week Two: Markets and Types of Goods
Explain how labor market equilibrium is affected by the supply and demand of labor. Summarize the factors that affect labor supply and demand.
Compare and contrast public goods, private goods, common resources, and natural monopolies. Describe the characteristics of competitive markets, monopolies, and oligopolies.
Week Three: Measuring Economic Health and Fiscal Policy
Describe the use of Gross Domestic Product (GDP) to measure the business cycle. Describe the roles of the government bodies that determine national fiscal policies. Explain the effects of fiscal policies on the economy’s production and employment.
Week Four: The Federal Reserve
Describe the purpose and function of money.
Explain how the central bank manages a nation’s monetary system. Explain the effects of monetary policies on the economy’s production and employment.
Week Five: International Trade
Define absolute and comparative advantage.
Describe the influences affecting foreign exchange rates.
Debate issues surrounding international trade.
Evaluate the effects of government policy on economic behavior.
Hubbard, R. & O’Brien, A. (2010). Economics (3rd ed.). Boston,...
Links: EBOOK: Hubbard, R. & O’Brien, A. (2010). Economics (3rd ed.). Boston, MA: Pearson Hall.
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