Teaching and Learning Strategies and Methods

Course Name

Economics

Course Number / GEN 3199
Semester / Spring 1 2015
Credits / 3
Class Contact Hours / 45
Faculty / Gustavo Alberto Añez Serpa
Office Hours / By appointment – Room 313
Contact by email:
Catalogue Description
Enables students to understand, analyze, critique and utilize economic theory at both micro and macro level. Supply, Demand and Elasticity are introduced, as are long-run and short-run costs. Different forms of competition found in the hospitality industry are then discussed and the implications of each form on price and output decisions are analyzed. The business cycle and the phenomena of unemployment and inflation are examined. Study of aggregate supply and demand leads to analysis of competing theories suggesting the reasons for macroeconomic failure.
Learning Outcomes
At the end of the course the student will be able to:
1. Demonstrate their understanding of the price mechanism.
2. Analyze the behavior of market structure.
3. Discuss Keynesian, Monetarist and Supply-Side macroeconomic theories.
4. Explain money and the role of the banking system in the macro economy.
5. Explain fixed, floating and managed exchange rates together with barriers to trade.

Teaching and Learning Strategies and Methods

Lectures will be supplemented by presentation, case studies and problem solving workshops. In these workshops (4-5 students per group), each team will be required a team specialist in each economic theory (information supplied by Lecturer to each group for understanding). Teamwork is essential to prepare the entire project. The project requires students to integrate theory with practice. This promotes a student centered approach to learning and encourages students to use a variety of resources in their research.
The course is broadly divided into the following activities:
Lectures 25 hours
Workshops 10 hours
Student centered 10 hours

Course Assessment

Type / Hand-out
Week / Hand-in
Week / % / Learning outcomes
Team Workshops / 1 / 2-8 / 10 / 1-5
Project / 1 / 6 / 30 / 1-5
Midterm Exam / 5 / 5 / 30 / 1,2
Final Exam / 9 / 9 / 30 / 1-5

Required Reading

Sloman, J. Garratt, D. (2010). Essentials of economics (5th ed.). Harlow: FT Prentice Hall.

Additional Reading Available from the Library

Books:
Mankiw, N. G. (2008). Essentials of economics (5th. ed.). Canada: South Western Cengage Learning.
Schiller, B.R. (2002). Essentials of economics. New York: McGraw-Hill Irwin
Tribe, J. (2005). The economics of recreation, leisure & tourism (3rd ed.). Oxford: Elsevier Butterworth-Heinemann.
Students are expected to read newspapers and journals such as the Economist, Wall Street Journal and the Financial Times.
Online resources (journals, online libraries, etc.):
Proquest Database
http://proquest.umi.com/login
Account Name : 008BW87KK7
Password : WELCOME
Ebsco Database
http://search.ebscohost.com
Usename : glion
Password : library
Science Direct
http://www.sciencedirect.com/
Username : shmlesroches3
Password : lesroches3
Sage Journals
http://cqx.sagepub.com/
Username : bulle
Password : library