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Economic Reasoning and Applications

ECON 220: 200
Economic Reasoning and Applications
Instructor:  Noha Emara


Office: Armitage Hall room 313 (3rd floor), 311 N. 5th St., Camden, NJ 08102
Phone: (856) 225-6765
Office hours: Mon./Wed., 10:00-11:00am and by appointment
Email: nemara@camden.rutgers.edu or nohaemara@rutgers.edu
Web site: http://economics.camden.rutgers.edu/faculty/noha-emara/
Class room and time:  ATG-221, Mon./Wed., 11:15-12:20pm


This course covers basic elements of microeconomic and macroeconomic reasoning at an introductory level. Topics include Individual Constraints and Preferences, Production by Firms, Market Transactions, Competition, The Distribution of Income, Technological Progress and Growth, Unemployment and Inflation, the Role of Government in the Economy.


No prerequisites required for this course.


The text required for this course is the Principles of Economics 7th edition by Gregory Mankiw, Harvard University. This is an excellent textbook and should be available online through Sakai (see the instructions below) or at the Barnes & Nobel bookstore, where you can ask for the ISBN 9781305102422 LMS Integrated for MindTap® Economics, 1 term (6 months) Printed Access Card for Mankiw’s Principles of Economics, 7th.


The course web page is available on Sakai however all the course materials will be posted on MindTap, which can be accessed via Sakai. All the announcements, assignments, additional resources to accompany each chapter, and a secure gradebook will all be available on MindTap website. You are responsible for checking announcements, grades, and discussion board frequently.

Here are the instructions for MindTap via Sakai:

  • Login to your Sakai Course.
  • Click on the link to Cengage content, which is identified with a Cengage Learning logo.
  • Link Your Cengage account with your campus Sakai account. If you do not have a Cengage account, create one from this page. Note: This is a one-time process. If you have previously taken this step you will be taken
  • directly to the payment options screen.
  • Pay for Access. You’ll have two payment options:
    • o Option 1: Purchase online
    • o Option 2: Already purchased an access code? Redeem your code here.
  • I suggest that students just purchase the Mindtap code w/ebook: www.cengagebrain.com/shop/isbn/9781305102415


This course offers readings, lecture material, frequent assessments, and online activities, including active discussions and exercises. There are no scheduled meeting times on Fridays, but deadlines are strictly enforced, as students work together to achieve learning objectives. The class follows a rigorous schedule and you should expect to be working at least as many hours as with a traditionally-scheduled class. Plan to log into Sakai/MindTap and work almost every day, as we complete a semester’s worth of learning activities.


There will be a total of eight assignments. These assignments will count a total of 25% toward your final grade. The assignments consist of a series of multiple choice, true/false, and short answers questions. You will have ONE WEEK to finish and submit the assignment. The post dates for the assignments are Mondays September 12, September 26, October 10, October 24, November 7, November 14, November 28, and December 5. The due dates for the assignments are Mondays September 19, October 3, October 17, October 31, November 14, November 21, December 5, and December 12.


There will be no in-class instructions on Fridays. However, on every Friday (fourteen Fridays excluding the Thanks Giving recess) throughout the semester, you are required to take an online assessment posted under Sakai. The assessments are either multiple choice questions or YouTube videos related to our in-class discussions, or the articles assigned on different topics. These Friday’s assessments are posted on every Friday at 12:00am and will be due on the same day at 11:59pm. This means you will have ONE DAY to finish and submit the assessment. The total fourteen assessments will count a total of 20% of your final grade in the course.


There will be one Midterms and one non-cumulative Final exam. The Midterm is scheduled for Wednesday October 26. The final exam TBA THERE WILL BE NO MAKE-UP EXAMS WITHOUT A DOCUMENTED MEDICAL EXCUSE. 


Assignments 25% Friday Quizzes 20% Midterm Exam 25% Final Exam 30%


  • Wednesday September 7: First day of the class.
  • Wednesday October 26: Midterm exam.
  • Thanks Giving Recess: November 26 – November 29.
  • Wednesday December 14: Last day of the class.
  • Final Exam: TBA


  • I will NOT accept late assignments and I will NOT accept any assignments by email or fax.
  • You can use a calculator for the exams.
  • You may work with your classmates for the assignments, but each student must turn in his/her own copy of the assignments.
  • Midterm and Final exams are closed book.
  • You must turn off your cell phone during the class and exams.
  • Attendance is important in this course.
  • Academic dishonesty, including cheating, is never acceptable.


Academic dishonesty, including cheating, is never acceptable. Please refer to the following document on Rutgers Academic Integrity Policy


This course is open to all students who meet the academic requirements for participation. Any student who has a need for accommodation based on the impact of a disability should contact the instructor privately to discuss the specific situation as soon as possible. Information about requesting accommodations can be found at:


These topics are subject to change. Students are responsible for all topics covered in the lecture notes. Additional readings will be assigned for some topics.




WEEK 1: September

Topic 1: An Introduction To Economic Reasoning
Readings: Chapter 1, Chapter 2 Articles: THE ECONOMIST: Give Me Your Scientists http://www.economist.com/node/13234953 AMEDNEWS.COM: Fewer Physicians Move, a Sign of Career Caution http://www.ama-assn.org/amednews/2011/06/06/bisc0606.htm


Topic 2: Interaction Between Demand & Supply
Readings: Chapter 3
Articles: USA TODAY: Marketers Get to Us in More Ways http://www.usatoday.com/money/books/reviews/2008-08-24-buying-in_N.htm BLOOMBERG BUSINESSWEEK: Guess What Could Stop the Tablet Revolution? http://www.businessweek.com/technology/content/jan2011/
tc20110124_951045.ht m

WEEK 3: September 19-25

Topic 3: Perfect Competition Readings: Chapter 14

September 26-
October 2

Topic 4: Costs of Production
Readings: Chapter 13
Articles: USA TODAY: Will Thin Be In, or Will Sony Be Out? http://www.usatoday.com/tech/products/2008-01-06-

WEEK 5: October

Topic 5: Elasticity Readings: Chapter 5


Topic 6: The Consumer

Readings: Chapter 21
Articles: THE TECH HERALD: Oprah Endorsement & Amazon Kindle http://www.thetechherald.com/articles/Oprah-endorsement-

WEEK 7: October 17 -23

Topic 7: National Income Readings: Chapter 23

WEEK 8: October 24 – 30

Topic 8: Cost of Living Readings: Chapter 24 Midterm Exam Wednesday 26th of October The exam covers the materials from week 1 to week 7

WEEK 9: October 31 –
November 6

Topic 9: Production & Economic Growth Readings: Chapter 25 Articles:
WASHINGTON POST: A Slowing Decent: Auto Sales Fell 37 Percent, but …
http://www.washingtonpost.com/wp­dyn/content/article/2009/04/01/AR2009040103720.html BLOOMBERG: U.S. Auto Sales Estimates Cut as Confidence Slows Rebound http://www.bloomberg.com/news/2011-08-18/u-s-auto-sales-estimates-cut-by­analysts-as-weak-confidence-slows-rebound.html

WEEK 10:

Topic 10: Unemployment
Readings: Chapter 28

WEEK 11:

Topic 11: Aggregate Demand & Aggregate Supply
Readings: Chapter 33
Articles: NATIONAL RESTAURANT ASSOCIATION: Restaurant Industry Sales Turn Positive in 2011 http://www.restaurant.org/pressroom/pressrelease/?ID=2039 BLOOMBERG: Air Cargo Down as Comerica Mulls Recession Risk http://www.bloomberg.com/news/2011-09-15/air-cargo-down-as-comerica-mulls­recession-risk-freight-markets.html

WEEK 12:

Topic 12: Fiscal & Monetary Policy
Readings: Chapter 34
Articles: WALL STREET JOURNAL: Lending Drops at Big U.S Banks http://online.wsj.com/article/SB123293041915314113.html

WEEK 13:
November 28

December 4

Topic 13: Inflation & Unemployment
Readings: Chapter 35
Articles: U.S. NEWS & WORLD REPORT: Are Infrastructure Projects the Answer to America’s Jobs Problem? http://www.usnews.com/news/articles/2011/08/22/are-infrastructure-projects-the­answer-to-americas-jobs-problem

WEEK 14:

Topic 14: The Monetary System
Readings: Chapter 29

WEEK 15: December
12 -18

Final Exam TBD The exam covers the materials from week 8 to week 14