Senior Seminar in Economics and Finance

ECO 490 call number 1423

Spring 2007

Buffalo State College

                       

INSTRUCTOR:  Victor Kasper, Ph.D.  OFFICE HOURS:        Mon        3:00  -   4:00 pm

        Room:     Classroom Building B230                                Tues       3:00   -  4:00 pm

        Phone:    716 878-5132                                                Weds     11:00  - 12:00 am

        Email:      kasperv@buffalostate.edu                      Thurs     11:00  -  12:00 pm

        Website:  http://facstaff.buffalostate.edu/kasperv  Or by Appointment  

        Username: sam Password: part

     

MEETING TIME AND ROOM:  Monday, Wednesday and Friday 1:00 pm - 1:50 pm

                Building: Classroom Building A 108

                                               

REQUIRED TEXTS:

 

McCloskey, Deirdre N. Economical Writing.  Second Edition.  Long Grove, Illinois:

        Waveland Press, Inc.  2000.

 

COURSE PREREQUISITES: Seniors only ECO 305 307 308 424 and their prerequisites.

 

COURSE DESCRIPTION:               

 

        According to the Merriam-Webster Online Dictionary one definition of a seminar is “a group of advanced students studying under a professor with each doing original research and all exchanging results through reports and discussion.”[1] Another definition is a meeting for “giving and discussing information.”[2]  This course is considered the capstone course for the economics major. Its purpose is to consolidate and integrate the knowledge you have acquired or to which you have been exposed in your studies as an economics major.  You are advanced students in economics at the undergraduate level.  As a participant in this seminar you will research an advanced topic of interest and provide reports and presentations on your findings.  You will also complete a 12 to 15 page Senior Thesis.

 

 

COURSE OBJECTIVES: 

class=Section2>

 

1.  To enhance your ability to integrate concepts and skills from the several areas of the economics core curriculum in the context of advanced topics.

 

2.  To provide the opportunity to apply economic thinking to policy and other areas.

 

3.  To allow you to explore an area of economic interest while honing your research

        skills.

 

4.  To improve your writing and oral presentation skills.

 

5.  The completion of a 12 to 15 page Senior Thesis.

 

COURSE METHOD AND REQUIREMENTS:  The course will follow a seminar format.  Students will present a descriptive summary of an article to the class, some of which will be assigned by the instructor, others will be chosen from the student’s thesis research topic.  Each presentation will use a PowerPoint presentation.  The presenter will provide a written report of the presentation.  Other students will be assigned to provide the main critiques.  The remaining students will have secondary critique roles. Later in the course students will present their senior research topic prospectus and results.  Evaluation will be based on the senior thesis, class presentations, class participation and a final exam.  The students also provide periodic materials on the progress in their senior thesis prior to making their thesis presentations and handing in the final version.  The instructor will serve to keep the discussion focused on economic issues and provide historical and theoretical context where needed.  Some presentations will be videotaped.

           
EVALUATION AND GENERAL RULES OF CLASS:  Students are evaluated according to their attendance, participation as a presenter and discussant. You will also be evaluated on the basis of your written reports, your Senior Thesis, your PowerPoint presentations, and your final exam, and role as a discussant Your thesis will be evaluated on the basis of economic theory, clarity, coherence and quality.  If a student is assigned as a main role discussant and is not there or is not prepared to comment, he/she will lose one point of the main role discussant grade for each instance.  If a student is called on to comment on the presentation or article as class discussant and is not there or is unprepared, he/she will lose one point for each instance.

 

 

Requirements

% of Grade 

3 Presentations

20

3 Written reports

5

Senior thesis

25

     Thesis Topic Due

1.25

 

     Thesis Sources Due

1.25

 

      Thesis Outline

1.25

 

      Rough Draft of Thesis

1.25

 

     Final Senior Thesis

20.00

 

Discussant

20

Final Exam

10

attendance

20

 

1.  It is the student’s responsibility to seek clarification of the grading scheme, system, or procedure followed in this course.

 

        2.  Regular attendance is mandatory.  Discussions, presentations and participation

                are essential parts of a seminar and have a major impact on what you get

                out of it.  A seminar involves an exchange of knowledge. 

                a.  An attendance sign-up sheet will be circulated in class and the student is

                        responsible for signing it. In the event of illness and/or some other

                        circumstances which prevent you from attending one or more

                        sessions, you should inform me as soon as possible.

                b.  You will get 100 points for your attendance grade to start.  You are

                        allowed three absences without penalty.  Any absences for

                        whatever reason (health, family emergency or job, etc.) will count in

                        the determination of all absences.  The count starts as soon as you

                        are considered registered.  After your first three absences you will

                        lose 5 points for each of the next four absences.  For every absence

                        beyond seven you will loose 15 points each.

                c.  Be aware that attendance and participation have a significant impact

                        on your grade.

                d.  Missing or leaving the library session early will result is two absences.

 

        3.  Entering the class late or leaving early is disruptive.  Do not do it.  If,

                however, either is necessary, you should seek prior consent of the

                instructor.  Note that if I find a pattern of signing the attendance sheet and

                leaving early, I will increase the number of absences for your attendance

                and reduce my assessment of your participation.

 

        4.  Reports handed in after the last class will not be counted toward the final

                grade.

 

        5.  See me if you cannot make a presentation on schedule.

 

        6.  Feel free to see me during office hours or by appointment if you have any

                questions or would like to discuss an issue.  I will make suggestions about

                how you can set up your PowerPoint presentations.

 

7.  All students at Buffalo State College are expected to maintain academic integrity.  Violations of academic integrity are subject to penalties.

 

READING ASSIGNMENTS:  An outline of topics and readings from the required text is provided below.  Readings will be from McCloskey and provided by the instructor.  McCloskey may not be available till next week.  Readings provided by the instructor will be handed out in class or placed on reserve at the library and/or at my website.  Changes in the topic outline, or readings, may be made periodically to focus on particular areas of interest in more detail.

 

SCHEDULE OF MEETINGS, TOPIC AND READINGS:

 

        The first class session is primarily organizational.  You will be made aware of your responsibilities.  We may go over the use of the smart cart and power points if we have time.  The second class session will discuss two articles with the instructor leading the discussion.  Students will be asked to comment on the article.

        Each class will be divided into two sections. There are 25 students registered for the seminar.  The class will be divided into 7 teams about 3.  Two teams will have 4 people.  Each class consists of 50 minutes.  Each class will have two discussions.  Each discussion will have one presenter and two main role discussants.  The presenter will be given 8 minutes to present a report on the reading or readings.  Each main role discussant will then have to identify two issues that the discussant felt were important and indicate whether the presenter adequately addressed them.  Each main role discussant will be given 5 minutes.  Then the instructor will ask questions from other students in the class and students can ask questions at will.  The whole discussion will last 18 minutes. Extra time will be used to discuss aspects of writing based on the McCloskey text.

 

        The first section of the seminar (six classes) will be devoted to student presentations based on material assigned by the instructor.  Each presenter will provide a 1 page report on their reading along with the presentation.  Each main role presenter will provide the two most important issues they felt important about the assigned reading.  These will be double spaced and typed.

        The McCloskey text is designated [Mc] in the reading assignments.  The citations for other readings are noted later or will be provided later in the course.            

 

 

Meeting

Date

Topic

Reading

 

January

 

 

1

Monday        22

 

 

2

Wednesday   24

 

 

3

Friday           26

 

 

4

Monday         29

 

 

5

     

Wednesday    31

 

 

 

 

February        

 

 

6

Friday             2

 

 

 


Meeting

Date

Topic

Reading

 

February

 

 

7

Monday            5

 

 

8

Wednesday       7

Paper topic due

 

9

Friday              9

 

 

10

Monday          12

 

 

11

Wednesday     14

 

 

12

Friday            16

 

 

 

Monday          19

Presidents’ Day

No Classes

13

Wednesday     21

 

 

14

Friday            23

 

 

15

Monday          26

 

 

16

Wednesday     28

 

 

 

March

 

 

17

Friday              2

Paper sources due

 

 

 

Meeting

Date

Topic

Reading

 

March      

 

 

18

Monday           5

 

 

19

Wednesday      7          

 

 

20

Friday             9

 

 

 21

Monday         12

Paper outline due

 

22

Wednesday    14

 

 

23

Friday            16

 

 

24

Monday         19

 

 

25

Wednesday    21

 

 

26

Friday            23

 

 

27

Monday          26

 

 

28

Wednesday    28

 

 

29

Friday            30

 

 

 

April

 

 

 

Monday - Friday

2 - 7

Spring Recess

No classes

 

Meeting

Date

Topic

Reading

 

April

 

 

30

Monday           9

 

 

31

Wednesday    11

 

 

32

Friday            13

 

 

33

Monday          16

 

 

34

Wednesday    18

 

 

35

Friday            20

 

 

36

Monday         23

 

 

37

Wednesday    25

Rough draft of paper

 

38

Friday           27

 

 

39

Monday         30

 

 

 

May

 

 

40

Wednesday     2

Final draft of paper

 

41

Friday            4

 

 

42

Monday 7 through Thursday 10

Final Exam Period

 

 

KEY DATES TO NOTE:  These dates are important and should be noted now so that you can plan ahead.

                                       

Paper due dates

Event

Date

Thesis Topic Due

February 7

Thesis Sources Due

March 2

Thesis Outline Due

March 12

Rough Draft of Thesis Due.

April 25

Final Senior Thesis due

May 2

 

WRITING ASSIGNMENTS:

 

Reports: (3)

 

          You will do three written reports. The first report will be one type written page (double spaced).  It will summarize and provide commentary about the assigned reading for your first presentation.  Your second report will be two type written pages (double spaced).  It will summarize and provide commentary on your second reading.  This reading will be selected by the instructor with the instructor’s approval.  

          The third report will be a prospectus or your thesis topic.  It will discuss ideas and topics, and expected results of your thesis topic.  It will be two type written pages (double spaced).

 

          Each Report must have a citation of the article or interview. Use the ASA guidelines provided by the Butler library (http://www.buffalostate.edu/library/research/style.asp).

 

or

 

Butler Library Citation Machine - Turabian: (http://citationmachine.net/index.php?new_style=11&reset=1#here)

 

Reports or Theses handed in late will be penalized points.

 

Suggested Writing Guides are note at the end of the syllabus.

 

Tips on avoiding Plagiarism: http://www.northwestern.edu/uacc/plagiar.html

Writing link: http://www.writing.northwestern.edu/links.html

 

PowerPoint Presentations: (3)       

 

      Each PowerPoint presentation will have at least five slides.  The key points will be presented as the presenter sees fit.  The presenter is expected to provide the details of his presentation using the power points as a guide.  He/she can use index cards and or handouts as aids.  One presentation will be on an assigned reading.  A second presentation will be on a reading of the student’s choice (with approval of the instructor).  A third presentation will be a prospectus of the senior thesis. 

 

Senior Thesis

 

You will be graded for the writing and the proper use of technique, the clarity of graphs and presentation of results.

 

Grading Criteria for the Senior Thesis:

 

Ten percent of the grade for the senior thesis will be for the variations materials handed in prior to the final draft such as thesis topic, sources, thesis outline, and rough draft. All of these assignments will be typed.  The senior thesis topic should include a title and a short abstract about the general direction of your paper.  The senior thesis sources should be done with appropriate academic citation style and include at least 10 reference articles and data sources.  The thesis outline should follow the guidelines at the department of economics and finance website.  The rough draft should be at least 8 pages while as indicate above the final thesis should be 12 to 15 pages.  All components should be typed. (Double Spaced)

The following are general issues that I will consider in grading.

An A thesis will exhibit superior knowledge of the topic and economic theory related to the area examined.  It will make reading and learning from the thesis enjoyable.  The A thesis shows a clear pattern of organization that captivates the audience and keeps readers absorbed through the entire thesis.  In addition, an A thesis reveals a cultivated style and an original voice, sequences that are appropriately varied in length and construction, transitions that are used to produce a smooth flow, connections between unrelated sentences and ideas that are clear.  Individual sentences are concise, clear, and highly specific.  The A thesis will exhibit selective word choice and contain no errors in mechanics and grammar.  The A thesis will indicate the writer is at ease with complex material and can interpret this material effectively for others.  As a result of the careful organizational structure and development, all issues both in content and style, emerge as a cohesive entity.  Generally, a style that is efficient, avoids the first person and passive voice and is gender neutral will be favored.

A "B" thesis will be almost free of mechanical errors and will provide a substantial amount of interesting information effectively. The specific points will be logically ordered, well developed and unified according to a clear organizing principle.  The introduction and conclusion are effective, but not as engaging as in the A thesis.  The transitions are adequately smooth, sentence structure is sufficiently varied in both length and construction, and the choice of words has been made selectively. The writing in a B thesis will be organized, clear, coherent, and correct, the thesis will be far more than competent.

A C thesis will be generally competent and reasonably well organized and developed.  The C paper will exhibit an average knowledge of the subject matter, but the presentation of that information will be often vague and superficial.  The sentence structure often will not be varied in either length or construction, and word choice is sometimes inappropriate.  Though the C paper will satisfy the assignment, the reading is not especially engaging or enlightening.

A D or E thesis will have major flaws in organization, development, sentence structure, word choice, theory, application of theory and/or mechanics and grammar.  The D or E thesis make the reader believe that the writer was not involved with the seminar or gave very little thought to the thesis.

 

SUGGESTED SOURCE MATERIALS FOR USE IN THE SENIOR THESIS:

 

For data and articles written about the topic of your choice some of the following will be helpful:

 

                   Source                                     

Library Call Number

1.  American Economic Review 

 

2.  Balance of Payments Statistics, IMF

         Yearbook     

HG3879.B34

3.  Brookings Papers on Economic Activity

 

 4.  Challenge

HC101.U533

 5.  Commodity Yearbook                                     

HF1041.C56

6.  Dissertation Abstracts

 

7.  The Economist

 

 8.  Economic Indicators

 

9.     Economic Development and Cultural

              Change***     

HC10.C453

10.  Economic Outlook (OECD)                    

HC10.018

11.  Economic Report of the President         

HF106.5.A27

12.  Federal Reserve Bulletin

 

13.  Finance and Development***

 

14.  Financial Market Trends

 

15.  GATT Activities

 

16.  GATT Focus

 

17.  Handbook of Economic Statistics ***   

D. HA155.054

18.  Government Finance Statistics Yearbook         

HJ101.G68

19.  International Economic Conditions

 

20.   International Economic Review

 

21.  International Financial Statistics             

HG3881.1626

22.  International Trade Statistics Yearbook  

HF91.U473

23.  Journal of Developing Areas***  

HC59.7J65

24.  Journal of Economic Literature***                  

HB1.J6 1969-

25.  Journal of International Money and

             Finance

 

26.  Journal of Industrial Economics             

HD1.J6

27.  Main Economic Indicators - Historical     

HC10.069

28.  Morgan International Debt

 

29.  Morgan International Data

 

30.  National Accounts                                 

HC79.1057a

31.  National Accounts Statistics                            

HC79.15U534

32.  New York Times Index                

IND A121.N45

33.  OECD Economic Outlook                      

HC10.018

34.  Review of Radical Political Economics     

HC101.R43

35.  Review of International Political Economy

 

36.  Social Science Index                             

IND A13.S62

37.  Social Science Citation Index

 

38.  Survey of Current Business

 

39.  Treasury Bulletin

 

40.  United Nations Statistical Yearbook          By country

HA12.5.U63

41.  U.S. General Imports                                      

HF105.C137182

42.  U.S. Imports                                        

 

43.  U.S. International Trade Abstracts

 

44.  U.S. International Trade Committee

          Annual Report

 

45.  U.S. Statistical Abstracts                       

HA202.A35

46.  Wall Street Journal Index                      

IND HD1.W258

47.  Weltwirtschaftliches Arichiv

         (Review of World Economics)

 

48.  World Development Report ***  

HC59.7.W65949.

49.  World Economic Outlook ***               

HC10.W7979

50.  World Tables, World Bank ***              

HC59.I4989

 

          USEFUL WEB SITES:

 

class=Section3>

SITE                                                            

ORGANIZATION

http://www.bea.gov/ 

Bureau of Economic Analysis

http:/www.bls.gov/

Bureau of Labor statistics

http://www.federalreserve.gov/

Board of Governors of the FED

http://www.dowjones.com/corp/index.html

Dow Jones Industrial Average

http://www.access.gpo.gov/congress/eibrowse/bruecind.html

Economic indicators

http://fairmodel.econ.yale.edu/

Fair Macro Model

http://www.fedstats.gov/

FED stats

http://www.fdic.gov/

Federal Deposit Insurance Corporation

http://www.iwpr.org

Institute for Women’s Policy Research

http://www.iie.com/index.cfm

Institute of International Economics

http://www.ilo.org/

International Labor Organization

http://www.econlit.org   

Journal of Economic Literature

http://www.panix.com/~dhenwood/LBO_home.html      

Left Business Observer

http://www.macroadvisers.com/

Macroadvisers

http://papers.nber.org/papers/

National Bureau of Economic Research

http://www.state.nj.us/labor/index.html

New Jersey Department of Labor

http://www.labor.state.ny.us/

New York Department of Labor

http://www.rff.org/

Resources for the Future

http://www.stls.frb.org/FRED/index.html

St. Louis Federal Reserve

http://www.brook.edu/

The Brookings Institute

http://www.wefa.com/

The WEFA Group

http://www.whitehouse.gov/WH/CEP/index.html

The White House, Council of Economic Advisor's

http://www/undp.org/   

United Nations Development Program (UNDP)

http://www.census.gov/ http://www.census.gov/

U.S. Census Bureau

http://www.census.gov/econ/www/index.html

 

http://www.commerce.gov/

U.S. Department of Commerce

http://www.dot.gov/

U.S. Department of Transportation

http://www.treas.gov/

U.S. department of Treasury

http://www.worldbank.org/

World Bank

http://www.wto.org/

Word Trade Organization (WTO) 95

 

References:

 

American Psychological Association.  Publication Manual of the American Psychological Association.  Fourth Edition. Washington, D.C.: American Psychological Association.  1994. (http://www.apastyle.org/elecref.html).

 

Baker, Dean. Is the Housing Bubble Collapsing?  10 Economic Indicators to Watch [Issue Brief]. Center for Economic and Policy Research, August 27, 2006, accessed http://www.cepr.net/publications/housing_indicators_2006_06.pdf.   

 

Barsky, Robert B.  and Kilian Lutz.  “Oil and the Macroeconomy Since the 1970s.”  Journal of

          Economic Perspectives.  16: 4 (Fall 2004): 115-134.

 

Bivens, Josh.  Trade Deficits and Manufacturing Job Loss: Correlation and Causality, 2003, [Briefing Paper].  Economic Policy Institute, August 27, 2006, accessed

          http://www.epinet.org/briefingpapers/171/bp171.pdf

Butler Library listing of Style Guides: (http://www.buffalostate.edu/library/research/style.asp).

 

Butler Library Citation Machine - Turabian: (http://citationmachine.net/index.php?new_style=11&reset=1#here).

 

Department of Economics and Finance Website.  Citation and Bibliographic Guides. (http://www.buffalostate.edu/economics/x622.xml).

 

Department of Economics and Finance Website.  Writing Your Senior Thesis.

          (http://www.buffalostate.edu/economics/x616.xml).

 

Department of Economics and Finance Website.  Plagiarism.

          (http://www.buffalostate.edu/economics/x665.xml).

 

Gibaldi, Joseph. The MLA Style Manual. Fourth Edition. New York, New York: The Modern Language Association of America.  1995.  (http://www.mla.org/www_mla_org/).

 

McCloskey, Deirdre N. Economical Writing.  Second Edition.  Long Grove, Illinois:

        Waveland Press, Inc.  2000.        

 

McCloskey, Donald N. The Rhetoric of Economics.  Madison, Wisconsin: The

        University of Wisconsin Press, 1985.

 

Mishkin, Frederic S. “The FED after Greenspan.” Eastern Economic Journal 31, no. 2

        (Summer 2005): 317 - 332.

       

Palley, Thomas. “The Questionable Legacy of Alan Greenspan.” Challenge 48, no. 6

        (November  - 2005): 17 - 21.

 

Scott, Dr. Robert E. U.S. -  China Trade, 1989 - 2003 Impact on Jobs and Industry,

Nationally and State by State Washington, D.C.: Economic Policy Institute, 2005, accessed August 27 2006; Available from http://www.epinet.org/workingpapers/epi_wp270.pdf.

 

Strunk, William, Jr. And White, E.B. The Elements of Style. Third edition, New York,

        NY: MacMillan Publishing Company, 1979.

        (http://www.bartleby.com/141/index.html).

 

Thomson, William.  A guide for the Young Economist - Writing and Speaking

        Effectively about Economics.  Cambridge, MA: The MIT Press, 2001.

 

 

Turabian, Kate L.  A Manual for Writers of Term Papers, Theses and Dissertations.  Sixth Edition. Chicago, IL:  University of Chicago Press, 1996.  LB2369.T81987

        For some guides based on Turabian (http://info.lib.uh.edu/rsa/turabian.htm)

        and (http://www.lib.usm.edu/~instruct/guides/turabian.html).

 

University of Chicago Press.  The Chicago Manual of Style.  Fourteenth Edition.  Chicago, IL:  University of Chicago Press.  1993.  The following site is useful for a guide based on the CMS. http://www.msoe.edu/gen_st/style/index.htm).

 

Wyrick, Thomas L.  The Writer’s Guide to College Economics.  Minneapolis-St. Paul, MN: West Publishing Company.  1995.

 

“Seminar.” Merriam-Webster Online Dictionary. 2006.

        http://www.m-w.com/help/citing.htm (August 27, 2006).

 

 

Final Notes:  If you are a qualified student with a disability seeking accommodations under the Americans with Disabilities Act, I will be happy to discuss your special needs and accommodate those needs after you produce documentation.  You should make an appointment with me within the first two weeks of the semester to discuss any special needs.

 

Divergent Views:  All students are expected to adhere to rules of conduct that contribute to an atmosphere conducive to the discussion of perspectives which spring from differences in age, race gender, ethnicity, sexual orientation, and ideological perspectives.

 

Copyright © 2007 Victor Kasper, Jr. All rights reserved.

(For the syllabus as a whole not for all individual components)

 



            [1]“Seminar.” Merriam-Webster Online Dictionary. 2006. http://www.m-w.com/help/citing.htm (August 27, 2006).

            [2]Ibid.