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Fall 2012- Online Courses


Course: 50:220:102.  Microeconomics Principles (3)
Instructor: Jonathan R. Brown, Ph.D. candidate
E-mail: jb1064@rutgers.edu and jbrown.econ@rutgers.edu

Course summary:
The course objective is to provide the student with an introduction to microeconomics.  Topics include the market system, supply and demand, cost, competition, monopoly, oligopoly, factor markets, and public goods.
After completing the course, the student will be familiar with how an economist thinks.  Students will be able to (i) apply the supply and demand model graphically and numerically; (ii) evaluate the opportunity cost of an economic decision; (iii) describe the model of the firm and calculate how changes in input prices, product demand and market structure affect firm output, prices and profits; and (iv) analyze the implications of operating under different market structures and the basic implications of efficiency and failures of the market system. Students will demonstrate this through discussion and analysis of outside reading, through solving numerical problems,
Coursework is meant to instill an appreciation of both the power and limits of economic analysis and constitute a framework for future courses in business curriculum. 
We will use textbook, homework problems, outside readings, podcasts and other media to inform our analysis. 

Format: online
Grading:  3 exams and a cumulative final exam; Bi-weekly quizzes on current assignments; and thoughtful and constructive written contributions to discussion thread analyses.

Requirements:
Algebra, self-discipline in meeting deadlines, persistence on working through problems independently, and ability to communicate effectively through the written word at the undergraduate level in the online environment.

Primary Textbook:
Rittenberg & Tregarthen, Thomas.  Microeconomics Principles, 2009, Version 1.0, Flat-World Knowledge, ISBN (B&W):978-0-9820430-3-5ISBN (Color):978-1-936126-15-6.  Including Flyx homework package (textbook is free, Flyx, $40).

Outside Required Readings:
Sowell, Thomas. (2011).  Basic Economics, 4th edition, Basic Books, ISBN-10: 1458760510;  ISBN-13: 978-1458760517, selected chapters.
Jevons, Marshall. (1986).  The Fatal Equilibrium, Faucet , ISBN-10: 0345331583; ISBN-13: 978-0345-331588 .
Roberts, Russ. (2002).  The Invisible Heart, MIT Press, ISBN-10: 0345331583; ISBN-13: 978-0345-331588. Elasticity

Cost of Textbooks is approximately $85:
Primary Textbook:
Rittenberg & Tregarthen, Thomas.  Microeconomics Principles, 2009, Version 1.0, Flat-World Knowledge, ISBN (B&W):978-0-9820430-3-5ISBN (Color):978-1-936126-15-6.  Including Flyx homework package (textbook is free, Flyx, $40).

Outside Readings: 
Sowell, Thomas. (2011).  Basic Economics, 4th edition, Basic Books, ISBN-10: 1458760510;  ISBN-13: 978-1458760517, selected chapters 1 – 7. ( <$25 on Amazon for new paperback)

Jevons, Marshall. (1986).  The Fatal Equilibrium, Faucet , ISBN-10: 0345331583; ISBN-13: 978-0345-331588 ( <$8 on Amazon for new paperback)

Roberts, Russ. (2002).  The  Invisible Heart, Faucet , ISBN-10: 0345331583; ISBN-13: 978-0345-331588 (< $13 on Amazon for new paperback)


Course: 50:220:339. Economic Development (3)
Instructor: Babu N.S. Dasari, PhD.
E-mail: babu.dasari@rutgers.edu

Course summary:
This course will take you through an exciting journey that will acquaint you with the forces that influence economic development and growth. Theories of economic development are studied in the context of rich empirical works conducted by international agencies like World Bank and United Nations, and academicians on developing / underdeveloped countries. As a part of curriculum, we will begin by exploring the concept of development, and go through various components of development that economists typically study, including economic growth, income inequality, poverty, population, Education, health and nutrition. Next, the causes and consequences of typical problems that the underdeveloped countries face like low savings, inadequate investment and foreign borrowing are dealt. Finally, the characteristics and policy issues on agriculture, industry, technology and trade of developing/underdeveloped countries are focused. The course has a broad reach and is relevant as an introduction to the subject for continuing students as well as to people who work in the world of policy and business.

Format: online
Grading: Grading is based on the weighted average of the following: quizzes, assignments, thoughtful and constructive contributions to discussion board analyses and discussions, midterms and a final exam.

Requirements:
Prerequisites: 50:220:102 or 103.

Textbook: 
Michael P. Todaro and Stephen C. Smith, Economic Development, Addison – Wesley, 11th edition 2012. ISBN: 978-0-13-801388-2

While introducing the students to the theory and empirical analysis in development economics, the course aims at achieving the following goals. The first goal is to ensure the students understand real conditions and institutions across the developing world. The second, is to help students develop analytical skills while broadening perspectives of the wide scope of the field. The third, is to provide students with the resources to draw independent conclusions on economic development and poverty alleviation.