ECON 151 Economic Principles and Problems - Macro
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This document provides the syllabus information for an Economics 151 course taught by Dr. Gale L. Pooley. It outlines the course details including meeting times, textbooks, assignments, grading policy and exam information. The course will use online resources and meet on Tuesdays and Thursdays from 5:00-6:30pm in Smith 222. Grades are based on exams and in-class assignments, with exams making up 80% of the final grade.
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ECON 151 Economic Principles and Problems - Macro
- 1. Economics ECON 151 Economic Principles and Problems - Macro
- 2. Dr. Gale L. Pooley, Ph.D. Email: pooleyg@byui.edu Phone: 496-3616 or 496-3840 Office: Smith 282-B Section 13: Tuesday and Thursday 5:00pm to 6:30pm Smith 222 Office Hours: Tuesday 6:30pm to 7:30pm or by appointment
- 4. Course Textbook We will be using on-line resources. Websites byuimacro.blogspot.com
- 5. Laptops and Cell Phones Please refrain from using cell phones or laptops during class. Occasionally, we may have an assignment that requires the use of a laptop. Our class is a no-text zone.
- 6. Adobe Connect In the event we need to hold class on- line, we will use Adobe Connect. You can access Adobe Connect on your computer. If you need to access on a mobile device, please download the Adobe Connect app.
- 7. Assignments and Methods of Assessment Grades are based on examinations and in-class assignments. There are five examinations, four exams during the course and a comprehensive final. Examinations are typically multiple choice and short essay format covering the terms, concepts, and calculations of the material covered.
- 8. You can drop one of the five exams. The exams will provide 80% of the grade. This means that each exam is worth 20% of your grade. The in-class assignments and quizzes will provide 20% of the grade. Exams 80% Homework 10% In-Class 10% Total100%
- 9. Make-Up Examination Policy Since you can drop one exam, there are no make-up exams.
- 10. Final Examination The final examination is comprehensive and covers the whole course. If you are satisfied with your grade on the first four exams, you can elect to not take the final exam.
- 11. Overall Grade Grade Percentage Letter Points Descriptor 94 - 100 A 4.00 Excellent 90 - 93.9 A- 3.70 87 - 89.9 B+ 3.40 84 - 86.9 B 3.00 Good 80 - 83.9 B- 2.70 77 - 79.9 C+ 2.40 74 - 76.9 C 2.00 Average 70 - 73.9 C- 1.70 67 - 69.9 D+ 1.33 64 - 66.9 D 1.00 Below Average 60 - 63.9 D- 0.70 0 - 59 F/WF 0.00 Fail Grading Scale
- 18. Scarcity Choices
- 22. Time Commitment Class 3 Hours Homework 6 Hours Total 9 Hours
- 27. What do you want to be?
- 28. Get the most out of life
- 30. What is worth the most?
- 32. Tradeoffs Mileage Safety A 2001 National Academy of Sciences study estimated that the traffic death toll attributable to past downsizing was approximately 2,000 lives per year.
- 33. Economic Models SimplifiedVersion of Reality Value in Prediction
- 34. Incentives Matter Change Incentives Change Behavior
- 35. Incentives are more important than goals
- 38. Macro Micro
- 39. 1800 2010 Change Population one billion seven billion 7x Life Expectancy 26 years 66 years 40 + GDP Per Capita Per Day $3 $30 10 x
- 40. Astonishing
- 41. U.S. Farmers 1800 - 90 percent
- 42. U.S. Farmers 1900 - 45 percent Gasoline engines replaced horses
- 43. U.S. Farmers 2012 - 2 percent
- 45. If you want more wealth you more need productivity productivity requires innovation innovation requires inventions inventions require ideas ideas require people
- 46. What is Wealth? What People Want
- 47. Wealth requires Innovation People are the ultimate wealth Innovation requires ideas Ideas require people
- 48. Get wealthy by making others happy
- 49. Every person has the power to create wealth
- 50. Because every person has the power to make someone happy
- 51. What if Steve Jobs had been born in Syria like his father?
- 53. Global Device
- 54. ARM Holdings Wolfson Marvel Skyworks CSR Linear Technologies NXP National Semiconductor Sharp Samsung Toshiba Infineon Broadcom Numonyx Micron Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic U.S. U.K. Germany Korea Japan Taiwan China
- 55. Where was this t-shirt made?
- 60. Ideas occur in minds not places
- 63. 20121 AD $3 $100 $30 World 10x Northern Europe North America 33x 1820 Angus Maddison “The Millennium–Poor Until 1820” Income Per Person Per Day
- 64. Slope Percentage Change Relationships Cause and Effect Areas
- 69. Make me an iPhone. Sorry, I don’t have the bits