TABLE OF COURSE CONTENTS
for Survey of Economics
(Need to Know menu)
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TABLE OF COURSE CONTENTS (Need to Know menu) |
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When
you should complete each module |
Survey of Economics has 15 Modules of study in the table below..
Modules 1, 2, 3, 4, and 5 are called the
First Block of
Study and concerns international trade.
Modules 6, 7,8, 9, and 10 are called the
Second Block of
Study and concerns macroeconomics..
Modules 11, 12, 13, 14, and 15 are called the
Third Block of
Study and concerns microeconomics..
Use the table below to link quickly with each module.
When you should
complete each module:
Dates are published in the second column
in
purple
in the
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15-Module Calendars. |
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When you complete the
First Block of Study,
you take Exam #1 (for 200 points) and accomplish Project #1 for 100 points).
When you complete the
Second Block of Study,
you take Exam #2 (for 200 points) and accomplish Project #2 for 100 points).
When you complete the
Third Block of Study,
you take Exam #3 (for 200 points) and accomplish Project #3 for 100 points).
See the related link
How to Prepare for Survey of Economics for specific guidance for taking exams, and
accomplishing Projects #1,2,3, and 4. Project #4 is your final exam and is
worth 100 points.
Where to take your
exams:
You take an Exam over the modules you've just studied.
For on-campus
students, exams are given in class, or, during unusual
circumstances and with permission of the instructor, you may take your exam in
our Learning Resource Center on the 2nd floor of the PHCC Library.
For distant
learning students, there are two places to take exams.
1. Exams are given in our Learning Resource Center on the 2nd floor of the
PHCC Library.
2. Alternatively, distant learning students may arrange for a proctor
request form by emailing Carol Ford,
cford@ph.vccs.edu , that would result in your exams being mailed to the
proctor and location you request, subject to approval by Ms. Carol Ford.
When to take
your exams:
Take your exams during
Modules 5, 10, and 15. Dates are published in the 15-Modular Calendar in
the second column in
purple.
The final exam:
Your "final exam" is Project #4. See the related link
How to Prepare for specific guidance.
Use your mouse to move quickly to any module in the table below.
First Block of Study International Trade |
Second Block of Study Macroeconomics |
Third Block of
Study Microeconomics |
| Module 1 | Module 6 | Module 11 |
| Module 2 | Module 7 | Module 12 |
| Module 3 | Module 8 | Module 13 |
| Module 4 | Module 9 | Module 14 |
| Module 5 | Module 10 | Module 15 |
First Block of Study
International Trade
Assignment
Study the chapter until you have mastered these course objectives:
1. Define economics, distinguish between microeconomics and macroeconomics, and explain the questions of macroeconomics.
2. Describe the work of economists as social scientists.
3. Explain five core ideas that define the economics way of thinking.
4. Explain why economics is worth studying.Study the appendix until you have mastered Making and Using Graphs:
Be able to:
1. Interpret a scatter diagram, a time-series graph, and a cross-section graph.
2. Define and calculate slope.
4. Graph relationships among more than two variables.Assessment
The first page of each chapter in your text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.Do the practice problems for each learning objective.
Do the self-tests for each learning objective.
Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.
Exams are based upon the study guide, from which questions are selected to evaluate your mastery of each learning objective.You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Describe what, how, and for whom goods and services are produced in the United States.
Use the circular flow model to provide a picture of how households, firms, and government interact.
Describe the macroeconomic performance - standard of living, cost of living, and economic fluctuations - of the United States and other economies.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed
by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each
learning objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Course Objectives
Study the chapter until you have mastered these course objectives:
1. Use the production possibilities frontier to illustrate the economic problem.
2. Calculate opportunity cost.
3. Define efficiency and describe an efficient use of resources.
4. Explain how specialization and trade expand production possibilities.
5. Explain how technological change and increases in capital and human capital expand production possibilities.
Assessment
The first page of each chapter in your text
sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed
by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each
learning objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Describe the patterns and trends in international trade.
Explain why nations engage in international trade and why trade benefits all nations.
Explain how trade barriers reduce international trade.
Explain the arguments used to justify trade barriers and show why they are incorrect but also why some barriers are hard to remove.
Assessment
The first page of each chapter in your text
sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed
by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each
learning objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
| For students meeting in class | For distance-learning students |
| 1.
If the class schedule permits, a
review session is held so that problems and questions asked by students
are answered. Turn in Project #1 at this time. 2. Everyone then takes Exam #1. 3. During the following class session, students should complete the matrix on the exam cover showing how many points were lost on each course objective.
|
1.
Conduct your own review session, focusing on fill-in the blank,
true-false, multiple choice, short answer and numeric problems from your
text, study guide, and
http://www.myeconlab.com. Assist your fellow classmates with difficulties they
encounter by using BlackBoard Discussion Group. 2. Turn in Project #1 by 9 PM on Module 15 Part I. 3. Then arrange with your proctor at your Learning Resource Center to take Exam #1. 4. Send me an email telling me that your Exam #1 and Project #1 are being returned to our Learning Resource Center at Patrick Henry Community College. |
Exam #1 consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.myeconlab.com.
It is an individual effort exam. The exam becomes property of the instructor.
Second Block of Study
Macroeconomics
Assignment
Read "Demand and Supply"
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Distinguish between quantity demanded and demand and explain what determines demand.
Distinguish between quantity supplied and supply and explain what determines supply.
Explain how demand and supply determine price and quantity in a market and explain the effects of changes in demand and supply.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Read text "Government Influences on Markets."
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Explain the effects of taxes on goods and labor and determine who pays the taxes.
Explain how a rent ceiling creates a housing shortage, inefficiency, and unfairness.
Explain how the minimum wage creates unemployment, inefficiency, and unfairness.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Read text "GDP and the Standard of Living."
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Define GDP and explain why the value of production, income, and expenditure are the same for an economy.
Describe how economic statisticians measure GDP in the United States.
Distinguish between nominal GDP and real GDP and define the GDP deflator.
Explain and describe the limitations of real GDP as a measure of the standard of living.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Read text "Fiscal and Monetary Policy Effects."
Course Objectives
Study the chapter, complete the study guide, and use http://myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Describe the Federal budget process and explain the effects of fiscal policy.
Describe the Federal Reserve's monetary policy process and explain the effects of monetary policy.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
| For students meeting in class | For distance-learning students |
| 1.
If the class schedule permits, a
review session is held so that problems and questions asked by students
are answered. Turn in Project #2 at this time. 2. Everyone then takes Exam #2. 3. During the following class session, students should complete the matrix on the exam cover showing how many points were lost on each course objective.
|
1.
Conduct your own review session, focusing on fill-in the blank,
true-false, multiple choice, short answer and numeric problems from your
text, study guide, and
http://www.myeconlab.com. Assist your fellow classmates with difficulties they
encounter by using BlackBoard Discussion Group. 2. Turn in Project #2 by 9 PM on Module 10 Part I. 3. Then arrange with your proctor at your Learning Resource Center to take Exam #2. 4. Send me an email telling me that your Exam #2 and Project #2 are being returned to our Learning Resource Center at Patrick Henry Community College.
|
Exam #2 consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.myeconlab.com.
It is an individual effort exam. The exam becomes property of the instructor.
Third Block of Study
Microeconomics
Assignment
Read text "Production and Cost."
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Explain how economists measure a firm's cost of production and profit.
Explain the relationship between a firm's output and labor employed in the short run.
Explain the relationship between a firm's out put and costs in the long run.
Derive and explain a firm's long-run average cost curve.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Read text "Perfect Competition."
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
1. Explain a perfectly competitive firm's profit-maximizing choices and derive its supply curve.
2. Explain how output, price, and profit are determined in the short run.
3. Explain how output, price, and profit are determined in the long run.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Read text "Monopoly"
Course Objectives
Study the chapter, complete the study guide, and use http://myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly.
Explain how a single-price monopoly determines its output and price.
Compare the performance of a single-price monopoly with that of perfect competition.
Explain how price discrimination increases profit.
Explain how monopoly regulation influences output, price, economic profit, and efficiency.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
Assignment
Course Objectives
Study the chapter, complete the study guide, and use http://www.myeconlab.com or http://www.efoundations.com until you have mastered these course objectives:
Explain how price and quantity are determined in monopolistic competition.
Explain why selling costs are high in monopolistic competition.
Explain the dilemma faced by firms in oligopoly.
Use game theory to explain how price and quantity are determined in oligopoly.
Assessment
The first page of each chapter in your
text sets forth learning objectives.
Each chapter in your study guide sets forth each learning objective followed by:
1. a practice problem,
2. an additional practice problem and
3. a self-test.
Complete answers to items 1, 2, and 3 are provided in the study guide.
Do the practice problems for each learning
objective.
Do the self-tests for each learning objective.
You may also take diagnostic quizzes after registering for MyEconLab online. These online materials provide immediate feedback and page references in your text and study guide for questions answered incorrectly.
|
For students meeting in class |
For distance-learning students |
| 1.
If the class schedule permits, a
review session is held so that problems and questions asked by students
are answered. Turn in Project #3 at this time. 2. Everyone then takes Exam #3. 3. Students who visit the instructor may complete the matrix on the exam cover showing how many points were lost on each course objective.
|
1.
Conduct your own review session, focusing on fill-in the blank,
true-false, multiple choice, short answer and numeric problems from your
text, study guide, and
http://www.myeconlab.com. Assist your fellow classmates with difficulties they
encounter by using BlackBoard Discussion Group. 2. Turn in Project #3 by 9 PM on Module 15 Part I. 3. Then arrange with your proctor at your Learning Resource Center to take Exam #3. 4. Send me an email telling me that your Exam #3 and Project #3 are being returned to our Learning Resource Center at Patrick Henry Community College. |
Exam #3 consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.myeconlab.com.
It is an individual effort exam. The exam becomes property of the instructor.
