REQUIRED TEXT:
David N. Hyman, Public Finance (New York: Harcourt College Publishers, 2005), 8th edition. ISBN 0324259700
ECONOMIC
THEORY
Economics 570 - Summer
I 2005
Professor: Donald Bumpass E-Mail:
eco_dlb@shsu.edu
Phone: 936-294-1268 Fax 294-3488
Office: BA 241C Office Hours:
M - F: 8-9 A.M. and Tu and Th 5-6 p.m.
REQUIRED TEXT:
David N. Hyman, Public
Finance (New York: Harcourt College Publishers, 2005), 8th edition. ISBN 0324259700
Power
Point Presentation help for text
CLASS
ASSIGNMENTS
CLASS SCHEDULE
PURPOSE OF THE COURSE:
1. Develop the method
and subject matter of economics with emphasis on public policy.
2. Examine the
effects of economic policy on the behavior of firms, individuals, and the
national economy.
TESTS:
There will be two
(2) tests during the term. Tests 1 and 2 will be worth 100 points
each and may include essay-type questions, problems, and objective questions.
QUIZZES:
During the term a
minimum of four (4) take home quizzes will be assigned. Each quiz
will have a value of 25 points. Ten points will be deducted for each day the quiz is late. The instructor reserves the right to assign
quiz material to be completed "in class."
MAKE-UP TEST:
In the event that
a student is absent for a scheduled test, a single COMPREHENSIVE, ESSAY,
test will be given.
ATTENDANCE POLICY:
Regular and punctual
class attendance is expected; tests and quizzes are based on class presentations
and also from text materials.
COURSE GRADE:
Final grades will
be based on the percentage of total points obtained during the term.
Letter grades will be assigned in the following manner:
90% and above A
80% to 89% B
70% to 79% C
60% to 69% D
Below 60% F
| Chapter | Topic | Assignment |
| 1 | Economic Basis for Government | 1-29 |
| 2 | Efficiency, Markets, and Government | 53-77 |
| 3 | Externalities and Government Policy | 97-103 |
| 4 | Public Goods | 140-144; 147 |
| 5 | Political Process | 206-207 |
| 7 | Income Distribution | 251-263 |
| 8 | Social Security | 302-324 |
| 9 | Health Care | 345-359 |
| 10 | Government Financing | 395-426* |
| 11 | Efficiency | 427-444* |
| 12 | Deficits and Debt | 472-502* |
| 14 | Taxation of Income | 520-543 |
| *various sections |
| Dates | Chapter Assignment | Work Assignment |
June 2 Thursday |
1,2 |
1: Questions 5, 7
|
June 7 Tuesday
|
2,3 |
2: Problems 1-4 3: Problem 1 |
| June 9 Thursday | 4,5 |
4: Question 1, 2
The
New Economy |
| June 14 Tuesday | 7, Special Topics, Test 1 | 7: Problems 1,4 |
| June 16 Thursday | 8,9 | 8: Problems
1,2 9: Problems 1-3 |
| June 21 Tuesday | 9,10 | 9:
Problems 1-3 10: Problems 1,2 |
| June 23 Tuesday | 10,11 | 10:
Problems 1,2 |
| June 28 Tuesday | 12, 14 | 12:
Problems 1-3 14: Problems 1,2 |
| June 30 Thursday | Review, Final Exam |
Federal Trade Testimony of Richard L. Scott
The US
Carbonated Soft Drink Industry and Antitrust Policy since 1980
(especially pp.1-29)
Is
Monopoly Rent Seeking Compatible with Weatlth Maximization