Econ

In order the units ar 1. Analyzing and measuring the size of the economy. 2. Explaining, measuring and analyzing how prices and inflation be determined in the long-run. 3. Explaining the determination and measurement of unemployment in the long-run. 4. Analyzing and interpreting the social occasion of financial markets (including exchange rates) in the economy. 5. Analyzing the melodic line cycle and recommending appropriate monetary and monetary policy. Course Description This course volition consist of online lectures and hands-on activities. All of the work to be handed in leave take lace through Papilla.You will sine qua non to complete the readings and you need to complete them before lecture. Studies show that reading before lecture improves trial run per radiation diagramance, on average, by 22%. This is a free lunch you yield to do the reading sometime, so by doing it earlier rather than posterior you will boost your graduate without any extra work text edition Principles of Economics for GUCCI, by N. Gregory Manama. Coinage Learning. The Economics department has negotiated a bespoken bundle of the text password, along with an Papilla, subscription for $87. 50. The Papilla obstruction includes entrance to the digital edition of the textbook.This is the to the lowest degree costly option. You should leveraging a copy ahead of time, or shoot the bookstore ship the textbook to you (be sure to allow plenty of transportation system time). Alternatively, you so-and-so purchase a stand alone access to Papilla (which includes the e-book variant of the textbook) for $134 for one quarter of access and $149 for two quarters of access. The course blade page will provide detailed instructions on how to access the course Papilla site. You need to have access to Papilla by the start of the course. If you dont purchase a copy from the bookstore you will have to purchase the much expensive stand alone access to Papilla.Communication in an Online Class to the highest degree all communication will take place through the forums on the class website. at that place is a forum set up for superior general questions. You will also be assigned a TA. Questions that are non appropriate for the general forum should be directed first to the TA. If it is a question that can only be answered by the professor, and so the TA will forward your message along. Office hours are by appointment. There are many dents enrolled in this course, so it whitethorn take 1-2 business days to fool a reply. The class is located at http//summer. Learn. Gucci. Du.The initiative is a set of voluntary multiple choice questions (90 in descend each week with a Sunday at 1 1 45 p. M. Deadline) that you can work through in Papilla to earn up to 450 points that are added to your total points used to compute your letter grade. There is no penalty for not participating every question that you answer flop will earn you an additional point. The spread questio ns are open-book. Therefore, with the bedcover oh can insure yourself against a lower than expected grade on the midterm and final exam by completing additional work.The GAP is a great opportunity to earn the letter grade that you hope to get Example of GAP To see how the GAP might work for you claim the following hypothetical scenario. A student received 630 Assignment points (90%), cd Midterm points (80%), 700 Final points (70%) and 280 Participation points (93%). Without doing any of the GAP work, this student would receive a total score of 2010 (80%) which would translate to a letter grade of B. Now suppose that this student correctly answered 50 GAP questions each week in Papilla.Then the GAP would addition the total score by 250 points, bringing the total to 2260 or a letter grade of A-. The GAP program allows you to put in as much work as you want, through studying hard for the exams or working through the GAP assignments, to earn the grade you deserve. Page 2 of 5 A com ment on Academic Honesty It is the university policy that academic dishonesty is unaccepted and will not be tolerated at the University of California, Irvine. Here is hat I expect All exams are closed note/closed book exams. With the exception of assignments, you whitethorn not receive or elicit care from another person or student. I define cheating as using the aid of notes, books, other students, or any programs in a calculator. Code of Conduct All participants in the course are rebound by the University of California Code of Conduct, found at http//www. Cop. Du/chophouse/accorder/ airstream/ass/ chuck. HTML. Students with Disabilities If you need support or assistance because of a disability, you may be eligible for accommodations or services through the Disability run Center at US Irvine.For more information, contact this office at (949) 824-7494 (voice), (949) 824-6272 (TTY), at www. Disability. Gucci. Du or stop by the center at create 313 on the US Irvine map. A Remark closely Electronic communications This course has a number of social media outlets to increase interaction. I may choose to not answer some of your questions. Some questions may quest you to see me in person. Since all communication in this course will be written it is important to be aware of the advantages and disadvantages of on-line communication.The advantages are that you have more opportunity for careful and thoughtful expression. The disadvantages are that it misses more subtle communication cues such as body language and tone. cheer be aware that there is always the possibility of miscommunication and compose your comments in a positive, supportive and constructive manner. Course Schedule (tentative) Date 7/28 Issue Introduction to Class Course Orientation call on familiar with the course website and Papilla. Measuring and analyzing the size of the economy (caps. 23- 25) 2 8/04 3 8/11EconTwo main vulnerabilities of the diamond diligence price of diamond think to supp ly and judge diamond linked to belief that they are rare and therefore special, and so suitable souvenir of sentiment. Dabbers sourd monopoly ability by effectively controllerling production and distribution of diamonds, thus controlling supply and ability to control pricing. When the market started to shift as other sources of diamonds were discovered, Dabbers still held an advantaged position as they had sole control of the distributors, which gave them the power and Influence to broker a deal with these emerging suppliers.This combined with a large and successful marketing campaign Increased sentimental value and perception of scarceness, which Increased consumers willingness to pay the prices, set by the pledge. The perception of scarcity finally made demand Inelastic, and allowed for Dabbers to set an optimal linear price. darn price discrimination is often seen as the best way to increase consumer surplus and minimize dead weight loss, in Dabbers theatrical role, as i s the case with many luxury goods, its high price signals its value to the consumer, and the consumer can then signal their status to others when the wear he product.The difficulty of diamond minelaying lent itself to a spirit of cooperation out of necessity. It is not an undertaking that could be done successfully on a small scale, and it was impossible to fill out for certain which land claim was lucky and would produce a good output. This, in addition to problematic mining conditions over time, lead to the cooperative partnerships mingled with the miners. This laid the groundwork for the formation of the Dabbers cartel. The idea of collusion between the suppliers to form a monopoly was perceived as a rare opportunity to exercise market control over apply and price.A better resolution for the struggle with the Israeli dealers might have been to attempt to address the issue influencing their actions (worries about financial security during an economic depression) by offering su pport O. E. variant options) rather than pointed threats, they could have avoided the damage done to the diamond market, as salubrious as relations with other members of the cartel. While the actions they took did showcase the cartels authority, and signal to those In the cartel that defection would not be tolerated, It also exposed the fallibility of the cartel, and ultimately signaled the beginning of the end the diamond monopoly.The Soviets had the leverage to take down the cartel In Its entirety, as they provided the largest supply of the highest quality diamonds, and had the means to produce and contend at a competitive price. When the cold war ended and the verbalize no longer held sole control of the Soviet diamond industry, as well as a Canada monopoly had passed for the cartel. No longer able to control the market, Dabbers reorganized itself into an efficient and highly competitive vertically integrated model.