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Syllabus/Outline Government Strategy behind the US Constitution and Government A. The document itself B. Considerations of the founders C. Separation of Powers D. Federalism E. Theories of democratic government Political Beliefs and Behaviors A. Citizens' beliefs about the government B. Processes by which we learn about government C. Public Opinion: its nature, sources, and consequences D. Voting and Participation in political life E. Factors that influence different political beliefs and behaviors Institutions of the National Government A. The Congress B. The Presidency C. The Courts D. Bureaucracy Influences on the National Government A. Political parties and elections B. Interest groups and PAC's C. The Mass Media Public Policy A. Policy making in a federal system B. The formation of policy agendas C. The role of institutions in the enactment of policy D. The role of the bureacracy in the implementation of policy E. The role of the courts in the interpretation of policy F. How policy plays out Civil Rights and Civil Liberties A. As developed by judicial interpretation B. Substantive rights and liberties C. The 14th Amendment's impact Economics Introduction to Economics Economics Scarcity and Choice Opportunity Cost Consumers/Producers Goods and Services Factors of production Production Possibilities Curve Exchange - 3 forms Econonmic systems - 3 types Free enterprise Circular flow model Six economic goals of the US Microeconomics Demand Quantity demanded Purchasing power Income effect Substitution effect Diminishing marginal utility Five determinants of demand Substitute goods Complimentary goods Elasticity Total revenue Supply Quantity supplied Profit Costs of production Six determinants of supply Taxes Subsidies Regulations Production possibilities curve Law of diminishing returns Costs of production Depreciation Overhead Marginal costs Prices Externalities Market Equilibrium Surplus/shortage Price ceiling/floor Levels of competition - 4 market structures Free Enterprise at work Business organizations - 3 types Liability Longevity Charter Stock/bond Dividends Principal Interest Conglomerate Subsidiaries Franchise Non-profit Labor force Unions AFL-CIO Collective bargaining Mediation Arbitration Strike Injunction Disposable Income Liquidity Maturity Capital gain/loss Investment bank Stock exchange Bull/bear market Bonds Yields Futures Prospectus Credit Finance Charge Macroeconomics National Income and Product Accounts Gross Domestic Product GDP = C + I + G + (X-M) Nominal/Real GDP Price index The Business Cycle Leading, coincident, lagging indicators Unemployment - 4 types Unemployment rate Marginally attached worker Underemployed Inflation Demand-pull Supply-push Consumer price index Producer price index Poverty threshold Lorenz Curve Gini index The Government's Role in the Economy Causes for growth of government Privatizations Transfer payment Specie Fiat money Currency Near money Federal Reserve System (history) The Fed Check clearing Money supply (M1, M2, M3, and L) Monetary Policy (easy and tight) Open Market Operations Discount Rate Reserve Requirement Margin Requirements Credit Regulation Moral Suasion Fiscal Policy (restrictive and expansionary) Proportional, progressive, regressive taxes Types of taxes Supply-side economics Demand-side economics Marginal tax rates Tax incentives Government spending Public transfer payments Progressive income taxes Federal budget Deficit/Surplus National Debt

Course Overview Expectations Grading Scale Coursework Syllabus Content Calendar Lecture Notes Practice Exams Disco Board

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