DeVille School of Business

ECON 205: Introduction to Economics IN-CLASS; Semester Fall 2019 |1:15-2:45pm TR

Location: Farrell Hall 204 CONTACT INFORMATION: Email: ychen@walsh.edu(preferred contact method) Phone: 330-490-7056 Office Hours: By Appointment Office: BBCC 105 COURSE DESCRIPTION: Introduction to concepts of economics. Course introduces students to those principles essential to an understanding of fundamental economic problems and the alternative policies society may use to contend with these problems. Overall emphasis on developing student’s ability to reason accurately and objectively about economic matters and to arouse a lasting interest in economics. PSLO (Program Student Learning Outcome) for ECON 205:

SLO 2: Graduates think critically and solve problems supporting their decisions with appropriate analytical and quantitative techniques.

Objective 2.1: Think critically to identify a business problem. (Analyze, Evaluate)

SLO 4: Graduates demonstrate the personal and professional knowledge, skills and cross-competencies to function effectively in a global environment.

Objective 4.1: Demonstrate knowledge of accounting, economics, finance, marketing, management, international business, quantitative analysis and information system on a standardized exit exam. (Knowledge)

CSLO (Course Student learning Outcome): – Upon completion of this course, students will be able to understand and contribute to intelligent discussions about current economic issues. Students will be able to apply economic theories and models to analyze and evaluate economic policies and national policy debates such as those they are likely to find presented in the news media, as well as economic activity of individual markets and business firms. COURSE OBJECTIVES • Participate in conversations using language of basic microeconomics and macroeconomics: the key concepts and variables developed by economists and used by them. • Explain how markets work and how market prices are determined using principles of supply and demand and elasticities.

• Understand and use graphs to illustrate macroeconomic activities and do basic policy analyses and how to work with the analytical framework that economists use, in order to identify and analyze the cause-and-effect linkages between macroeconomic policy activity, global economic conditions, and national economic performance. • Apply quantitative reasoning as well as qualitative analyses to understand and solve problems. REQUIRED MATERIALS: ECONOMICS TODAY: Roger L. Miller, 19th Ed. Pearson with MyEconlab access card.

ADDITIONAL RESOURCES MyEconlab Course ID: chen15025 (ECON2052019F) http://catherinecheneconomicwebsite.weebly.com/ COURSE REQUIREMENTS AND ASSIGNMENTS 1. 1. HOMEWORK ASSIGNMENTS: A total of 11 homework assignments to show students’ degree of understanding of lectures of economics. Each homework assignment weights 30 points. Only one lowest grades can be dropped. All homework assignments are going to be on myeconlab. 2. CLASS PARTICIPATION: Class participation are critical to successful engagement and understanding of concepts. This item can be in the form of pop-up quiz, group discussion, game participations, case studies, and problem solving practices, depending on the specific content. Total points of this item are 300. 3. MID-TERM EXAMS: The two mid-term exams that aim to reflect students’ ability of absorbing problem-solving skills learned in the class. The mid-term exams are distributed on myeconlab and will take one lecture time for each exam. Each exam weights 100 points. 4. Presentation: There will be no final exam in this course. On Dec 05, students are expected to deliver a group presentation. The total weight of this item is 20%. The presentation will be graded based on “DeVille School of Business Oral Presentation Rubric”.

GRADING: Grading Scale A 93%-100% A- 90%-92% B+ 87%-89% B 83%-86% B- 80%-82% C+ 77%-79% C 73%-76% C- 70%-72% D+ 67%-69% D 63%-66% D- 60%-63% F below 60% COURSE POLICY • Violation of academic integrity, as defined in the Walsh University catalog, will not be tolerated. For the first infraction or indication of violation, the student will receive immediate failure (zero points) for the specific assignment, and will receive a written warning of further consequences. For a second infraction, the student will be failed from the course, and the infraction will be reported to University administration. • Students’ categorical points will be posted on myeconlab. The final grades will be posted on cavalier center. • Students will use myeconlab to complete homework assignments and mid-term exams. Some minimum skills of computer and internet are needed. • Homework 0 policy: there is a homework item “homework 0” on myeconlab for students to test their computer systems and connection to ensure their technology is setup properly using the designated Lockdown Browser and that they are familiar with how to answer questions using the MyEconLab tool. Students should complete this homework before they start homework 1.

Category Points HOMEWORK ASSIGNMENTS 300

CLASS PARTICIPATION 400 MIDTERMS 200 GROUP PRESENTATION 100 TOTAL 1000

• Assignment policy: The 11 homeowork assignments must be submitted via myeconlab. Each homework takes 30 points. The lowest homework score will be dropped. Homework will be assigned based on the corresponding lecture notes. Due dates of the homework assignments will be shown on the Course Home tab. • No assignments/report will be accepted or graded via email. • You will have two attempts per question. • Please do not wait until posted deadline to attempt to Myeconlab. Internet technology is great; however, Internet performance issues may occur. • Late assignments will be assessed a penalty in grade calculation, of one letter grade for each day the assignment is late. All course assignments must be completed before a course grade will be issued. Refer to Walsh University Catalog for incomplete grade protocol and policies. • Class participation policy: Each class there will be 40 points class activity to encourage critical thinking, communication, problem solving skills. The activity may take the form of , but not limited to, pop-up quizzes, group discussion, case studies, and problem solving practices, and short presentations. • Exams policy: There are two non-cumulative mid-term exams. You will have two hours to complete each exam. Unlike the HW assignment, you will have 1 attempt per question in the exam. If a student misses an exam, the student must notify the professor prior to the exam with a university approved excuse. In the event of illness, a note from a doctor must be submitted to the professor within 1 week explaining the situation so the student receives full credit on the make-up exam. In the event of a university approved excuse, a note must be submitted in writing to the professor prior to the exam date with the dates of absence so the student receives full credit on the make-up exam. Each mid-term is worth 100 points. • Group Presentation Policy: The presentation aims at evaluating the comprehension of macroeconomic topics and encouraging critical thinking of current macroeconomic trends. All groups present their topic between 11:30am to 1:30pm on Dec 5th. The presentation needs to be a group effort. Members of each group choose and present the topic together, not separately. The presentation is 15-20 mins long. All topics must be approved by your instructor. Total points of this item are 100. • Extra credit may be applied at instructor’s discretion, as long as it conforms to the following guidelines: Extra credit should be used to support achievement of course objectives.. Extra credit should not devalue the effort and work of high performing students, and should only be offered on an equitable basis to all students. • Communication; The instructor will communicate with students exclusively via Walsh email. In addition, email is the primary and most effective means to communicate with your instructor. • No extra credit will be assigned after final grades have been posted. UNIVERSITY POLICY Accessibility Services for Students with Disabilities Walsh University is committed to fostering an institutional climate in which qualified students with disabilities have full access to the academic environment. However, please

be advised that it is your responsibility to arrange accommodations and failure to do so in a timely manner may have a negative impact on your academic success. If you feel that you may need an accommodation based on the impact of a disability, please contact Meredith Soduk, Director of Accessibility Services, at 330-490-7529 or msoduk@walsh.edu to begin delivery of services as soon as possible. Once your eligibility for services is determined, your instructors will be provided a letter which will outline your accommodations. If you believe you may have a disability and would like to learn more about disability-related services, please contact The Office of Accessibility Services, located in Farrell Hall 209, immediately.

University Administrative Withdrawal Policy After one written warning to the student, and with appropriate notice of such a practice in the syllabus, an instructor may administratively withdraw a student from a course after unexcused non-attendance in an on-ground course, or unexcused non-participation in an online course, in at least 20% of the specific course schedule per the following schedule:

• 3-5 week course after one week • 8 week course after two weeks • Semester course after three weeks

The student must receive one written warning from the instructor to the student’s Walsh University email address. Administrative withdrawals will not be permitted after the last day to withdraw from the term (per appropriate term of the Academic calendar) without permission of the Dean of Graduate Affairs or the Dean of Academic Services. Refer to the academic calendar for specific dates. A student who is administratively withdrawn from a class will receive a final grade of W (withdrawal).

E-Learning Modality Considerations Any student who fails to participate during the first week must contact the instructor as soon as possible. If a student fails to participate for consecutive or non-consecutive weeks as defined by the schedule above, the student may be administratively withdrawn from the class by the instructor per the above Administrative Withdrawal policy.

COURSE EVALUATION

At the end of each semester, all Walsh students are invited to complete the course evaluation surveys for their courses. Every survey is confidential, and thoughtful student responses regarding the instructional aspects of the course provide faculty with insights about their teaching effectiveness and gives them insight into future improvements for the course and programs. Once you receive a notification that the evaluation period is open,

you can access the survey by using the instructions listed below. The system is set to automatically to create reminders. You will no longer receive these reminder messages once you completed the surveys.

The course evaluation surveys can be accessed during the evaluation period at https://walsh.campuslabs.com/courseeval/. Please follow the link and sign in to the system using your Walsh ID and password. If you have technical issues with your ID or password, please contact the Walsh Help Desk for assistance at helpdesk@walsh.edu.

Thank you in advance for helping our faculty improve your learning environment!

DeVILLE SCHOOL OF BUSINESS POLICIES ACADEMIC HONESTY: At a minimum, the DSoB requires The DeVille School of Business subscribes to the Academic Honesty Policy published in the most recent edition of the Walsh University Catalog.

Plagiarism is a serious offense against academic integrity and honesty. It entails benefitting directly from someone else’s ideas without giving due credit and is the unacknowledged use of someone else’s published or unpublished writing or ideas. There are many kinds of plagiarism:

a. Handing in a paper written by someone else b. Copying directly from sources without using quotation marks c. Using someone else’s sequence of ideas, arrangement of material, or pattern of

thought d. Inadequately paraphrasing a source by changing only slightly the author’s word

choice and sentence structure, instead of completely rephrasing the ideas/ideas in your own words

e. Plagiarizing your own work by handing in a paper you have already submitted in one course as an original work for another course (this is generally not acceptable without the full knowledge and consent of all faculty members involved)

f. Failing to document a direct quote, a paraphrase, a summary, or a chart or graph, both in the body of the paper [an in-text citation] and in the “References” or “Works Cited”

WRITING POLICY: DeVille School of Business Writing Policy:

A minimum of twenty-five (25%) percent of the grade on ALL written assignments is based on the writing skills evidenced in the writing assignment. Those skills are evaluated using the written report evaluation criteria (DSoB Writing Rubric) available from the School of Business.

A student scoring lower than 16.5/24 on the DSoB Writing Rubric (14/24 in 100- and 200- level BUS courses) will not have their work graded for quality, and the student will be required to remediate his/her work by getting writing tutoring provided by the Academic Support Center at Walsh University which is available in person or by electronic means. A specific plan of action may be determined by the course instructor in consultation with the Academic Support Center. A specific plan of action may include, but is not limited to: requiring a student to attend writing tutoring sessions prior to each subsequent assignment in the course; requiring students to submit multiple drafts of a paper; and/or requiring a student to attend multiple writing tutoring sessions. Any assignment that is remediated will be graded for content quality upon resubmission, however in fairness to those who submit acceptable work when it is due, the written quality grade will remain as it was upon first submission.” Format: Term Papers: Term papers submitted for School of Business courses will conform to APA writing guidelines. The format is published in the Manual of the American Psychological Association (current edition) and it also available at the following site: http://owl.english.purdue.edu/owl/resource/560/01/. Approved: January 29, 2003; Revised Spring 2009; Revised April, 2015) Citation: All sources used for term papers and projects submitted for DeVille School of Business courses will be properly cited and conform to APA writing guidelines. The format is published in the Publication Manual of the American Psychological Association, Current edition. APA guidelines are available at: http://owl.english.purdue.edu/owl/resource/560/01/

Or through the WU Library quick quide: http://lgdata.s3-website-us-east-1.amazonaws.com/docs/464/295564/APA_reference_sheet_2012_for_LRC.doc

LATE WORK POLICY The DSoB is committed to developing the behaviors required for success in the workplace and expects that assignments and other work will be submitted as requested. Late assignments will not be accepted for grading. INSTRUCTOR POLICIES: make-up, attendance, evaluation, etc., cell phone COURSE REQUIREMENTS AND ASSIGNMENTS

• Assignments, exams, pagers, etc. and descriptions

• Evaluation and grade distribution • Assessment activities (EBI, MFT, embedded assignments)

Any other pertinent information: An outline detailing content, assignment due dates and exam dates should accompany the syllabus. Attachments to the Syllabus: School of Business Program Student Learning Outcomes Relevant rubrics Student Code of Conduct Guidelines for awarding extra credit

DeVille School of Business (DSoB) Code of Conduct

To grow, to learn, to lead, and to serve the global community.

The mission of the DSoB is to “prepare our graduates to be leaders in service to others through a relevant, global, and integrated business curriculum within a Catholic, practitioner-oriented teaching institution.” The DSoB expects everyone to conduct themselves in a manner commensurate with the highest of professional standards. We represent the DSoB in a variety of different capacities, both in and out of the classroom, including class attendance, involvement in student organizations, field trips, and events on and off campus. In those capacities, our conduct will reflect the following behaviors and characteristics when representing the DSoB: Service| Advance a culture of leadership in service to others. Courtesy and Mutual Respect|

Treat students, faculty, staff, and others with courtesy and mutual respect, while refraining from disruptive behavior.

Honesty| Act honestly, morally, and ethically in upholding the highest professional standards for learning, research, and writing.

Integrity| Safeguard academic freedom, be receptive of diverse perspectives, uphold the DSoB code of ethics, and engage in civil discourse in the pursuit of education, enrichment, and personal and professional development.

Engagement| Be attentive and actively engaged in class and at events. Professionalism| Act professionally and, when appropriate, dress professionally

reflecting that of the work environment. Timeliness| Arrive on time to class and events. Diversity| Respect the diversity of individuals, ideas, cultures, strengths, and

experiences and the value it adds to the DSoB. Faculty, staff, and students may confidentially refer any conduct that negatively impacts the normal pursuit of academic, administrative, or extracurricular activities, or that violates any University policies or rules while representing the DSoB, to the Dean of the DSoB to determine if further action is required. Approved: October 2017.

THE DeVILLE SCHOOL OF BUSINESS

UNDERGRADUATE PROGRAM

STUDENT LEARNING OUTCOMES

Effective Fall 2011

1. Graduates communicate effectively.

2. Graduates think critically and solve problems supporting their decisions with appropriate analytical and quantitative techniques.

3. Graduates demonstrate effective decision-making that incorporates the

tenets of ethics, and cultural awareness.

4. Graduates demonstrate the personal and professional knowledge, interpersonal skills and cross-cultural competencies to function effectively in a global environment.

5. Graduates demonstrate leadership in service to others.

6. Graduates demonstrate knowledge in a specialized area of business.

DeVille School of Business

Writing Rubric Exit Expectations

Criterion

0 Not

Acceptable

1

Needs Improvement

2

Satisfactory

3

Exemplary

Score*

0-3 Organization and Coherence

Unorganized and incoherent.

The paper is weak in organization and/or coherence. The reader cannot identify a line of reasoning.

The paper is generally organized and coherent. The reader can mostly follow the line of reasoning.

The paper is well organized and coherent throughout. The reader can follow the line of reasoning.

Professional Tone/Voice (Use of Third Person)

Tone and voice are inappropriate throughout.

Frequent lapses in tone and voice. The writing does not engage the reader.

Tone and voice are generally appropriate with only minor lapses.

Tone and voice are professional and consistently appropriate throughout.

Fluency (Presentation of Ideas)

Lacking in flow of thoughts and ideas.

Minimal flow of thoughts and ideas.

Flow of thoughts and ideas is generally consistent.

Flow of thoughts and ideas is consistent throughout.

Word Choice Word choice is confusing, unclear and/or inappropriate.

Word choice is poor and/or inappropriate.

Word choice is generally clear, concise and appropriate.

Word choice is accurate, clear, concise and appropriate throughout.

Sentence Structure

Sentences are fragmented and incomplete.

Several sentences are constructed incorrectly.

Most sentences are well phrased, clear and varied.

Sentences are well phrased, clear and varied throughout.

Grammar and Spelling

No attention given to grammar and spelling.

Errors are frequent and distracting.

Minor errors are apparent but do not detract from or obscure meaning.

Writing is error free throughout.

Punctuation and Capitalization

No attention given to punctuation and capitalization.

Errors are frequent and distracting.

Minor errors are apparent but do not detract from or obscure meaning.

Writing is error free throughout.

Format (Length, Report, Essay, APA)

No apparent format. Inappropriate format and/or frequent inconsistency in application.

Appropriate format but with minor inconsistencies in application.

Appropriate format consistently applied and artifact within assigned page length.

*Score may be recorded in decimals or fractions. Total Score Revised: March 2012

DeVille School of Business Oral Presentation Rubric

Exit Expectations

Criterion

0 Not Acceptable

1 Needs Improvement

2 Satisfactory

3 Exemplary

Score*

0-3

Organization and Coherence

Unorganized and incoherent.

The presentation is weak in organization and/or coherence. The audience cannot identify a line of reasoning.

The presentation is generally organized and coherent. The audience can mostly follow the line of reasoning.

The presentation is well organized and coherent throughout. The audience can follow the line of reasoning.

Flow (smooth transitions from point to point and slide to slide,

where applicable)

Fragmented. With few exceptions, flow is generally disjointed.

Flow supports delivery of the message.

Flow is supportive and seamless.

Non-Verbal (eye contact, gestures, movement, posture)

Lacking in all attributes.

Needs improvement (circle): eye contact, gestures, movement, posture.

Generally acceptable in all areas with minor lapses.

Exceptional in all areas.

Verbal Crutches (use of ah, um, uh, you know, etc.)

Inarticulate. Frequent use of verbal crutches.

Generally fluent with minor lapses.

Fluent throughout.

Appearance No attention to appearance.

Inappropriate appearance. Generally professional in appearance.

Professional appearance.

Demeanor (Professional conduct)

No attention to demeanor.

Inappropriate demeanor. Generally professional in demeanor.

Professional demeanor. Exudes confidence and poise throughout.

Length > +/- 2 minutes +/- 2 minutes +/- 1 minute Used allotted time.

Visual Appeal/Satisfaction (originality, creativity, charts,

graphs)

Ineffective or inappropriate.

Lacks variety, originality, boring. Graphics do not support the message.

Supports the message and engages audience but does little to enhance the presentation.

Exceptional in originality and/or creativity. Graphics enhance and reinforce the message.

*Score may be recorded in decimals or fractions. Total Score

Course Schedule(Tentative) Days without classes Labor day---Sep 02 Fall break---Oct 14&15 Founder’s day—Nov 27 Thanksgiving break---Nov 28&29

Intro of the class, MyEconlab, Syllabus, Chapter 1 Chapter 2 Chapter 3 Chapter 5 Chapter 7 Mid-Term 1 Chapter 8 Chapter 10 Chapter 15 Chapter 19 Chapter 20 Chapter 22 Mid-Term 2 Group Presentation