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OBJECTIVES:
The course objectives are for students to learn to use economic reasoning and theories of democratic
governance to analyze domestic economic policies and their consequences on different sectors of the
economy. Students will explore the political, historic and economic influences that drive public policies
addressing poverty and avarice. They will also explore how the market economy can lead to an increase
in wealth inequality. Students will exam market success and failure and explore the government’s role
of ensuring equity and justice in a capitalist economy

COURSE ACTIVITIES:
Student assessments will be based on two examinations, a term debate presentation supported by
debate papers. The examinations will be essay questions. Students may request to take exams
early but no make-up exams will be allowed.

The quarter debate will require that each member of the team participate in the presentation. Any
material submitted late or failure to make a presentation will result in an automatic F for the course
Students are encouraged to submit drafts early for faculty review. See schedule for details.

READINGS:

Krugman, Paul 2006. Conscience of a Liberal . New York: Norton Press
Stiglitz, Joseph,. 2010. Freefall: American, free markets and the sinking of the world economy. New York: Norton Press.
Webster, M. ed. 1999. The Federalist Papers in Modern Language Indexed for Today's Political Issues. Belleview Washington: Merril Press

University Reader:
Collins, Chuck et. al 2004. The Wealth Inequality Reader. Section 1. Cambridge MA.: Dollars and Sense
Krugman, Paul 2005. The Great Unraveling Chapters 12 and 15. New York: W.W. Norton Company
Sargent, Lyman Tower 2006. Contemporary Political Ideologies, 13th edition .Belmont CA.: Thomson Wadsworth

MODULE	DATE	TOPIC	READINGS (CHAPTERS) AND WRITTEN ASSIGNMENTS
1	September 26	Introduction	SYLLABUS *The Smartest Guys In the Room*
2	October 3	Theories of a Free Market & Monopolies	University Reader: Krugman Chapter 12, California Screaming. TOPIC SELECTION, DEBATE SIDES & TEAM MEMBERS CHOSEN
3	October 10	Foundations of the Republic	Webster, M. Federalist Papers Constitution pages 1 to 11 and Federalist Papers numbered 10 and 51 (overview) ; 52, 53, 55, 57 and 58 (House); 62-63 (Senate); 69-73 and 76-77 (President) and 45-46 (Federalism) Bring Webster and/or On-line: The U.S. Constitution Explained
4	October 17	Capitalism, Socialism, Conservatism and Liberalism	See web resources for this week. University Reader: Sargent, L. Chapter 4 and 5.
5	October 24	MID TERM Bring Blue books to class. **EXTRA CREDIT for attending Dr. B. DeLong's lecture on OCT. 27.	Texts: Webster, M. Federalist Papers Constitution pages 1 to 11 and Federalist Papers numbered 10 and 51 (overview) ; 52, 53, 55, 57 and 58 (House); 62-63 (Senate); 69-73 and 76-77 (President) and 45-46 (Federalism) University Reader: Sargent, L. Chapter 4 -5. Krugman, P. , Chapter 12 California Screaming and web materials for 1 through 4 including
6	October 31	Issues of Income Disparity **Submit one page critque of DeLong for 10% extra credit points.	University Reader:: Collins Chapter 1 Text: Krugman Chapter 1-3 and 12
7	November 7	Macro: Intro to the Financial Crisis	Stiglitz, J. 2010. Freefall:Chapters 1 through 3 See Week 7 for Krugman on-line readings
8	November 14	Financial Public Policy	Stiglitz, J. 2010. Freefall:Chapters 4 and 6.
9	November 21	The Great Debate- All debate papers are due at 6:00 p.m.	Each team will have 15 minutes to present their position followed by a 10 minute Q and A. Total air time =30-35 minutes max.
10	November 28	Great Debate Part II	Each team will have 15 minutes to present their position followed by a 10 minute Q and A. Total air time =30-35 minutes max.
FINAL	December 5	Final. See study topics on line for WEEK 10.	All assigned readings and materials for Weeks 6-10. Bring blue books and Section C. Grades are on-line via Bronco Direct.