Syllabus

The purpose of this course is to develop wisdom regarding how markets behave and how to thrive in a market economy. Specifically, we wish to:

  • Understand how a food system based on markets operates
  • Master economic tools useful for agribusiness management
  • Introduce ag futures markets through the use of a class prediction market
  • Cover personal finance strategies

AGEC 1113—20051 with Dr. Norwood

12:30 to 1:20 PM, MWF, AGH 101

Instructor

Bailey Norwood, PhD
bailey.norwood@okstate.edu
405-334-0010 (calling and texting is okay but I prefer email)
Office hours: Dr. Norwood is in his office most of the time so you are welcome to drop by anytime, unannounced. Or you can make an appointment here.

Teaching Assistants (TAs)

Luke Chapman (lukesc@ostatemail.okstate.edu)
Office hours: MW 1:30 to 2:30 in AGH 419

Dalary Dockrey (dalacyd@ostatemail.okstate.edu)
Office hours: Tuesday 11 AM to 1 PM in AGH 419

Class materials

How difficult is this class?

Beginning class

We have a routine for beginning every class. See Begin Class to the left.

Grading

All grades are posted at the class website in the menu Grades (look to the left).

Four exams (65% of class grade)—You will be given three exams throughout the semester and then one comprehensive, final exam. The average of these exam grades counts 65% of your numerical class grade, but know that I will drop your lowest exam grade. Sometimes I assign curves to grades if I believe the the exam was tougher than I intended. However, if you intended to drop the final exam grade by not taking it you must attend all classes between the third exam and the final. Cheat sheets for exams: For all exams you are allowed a cheat sheet that is 15 square inches (like, 5 inches long and 3 inches high). Notes must be handwritten, and on one side of the cheat sheet only. These cheat sheets must be submitted with your exam. It will be kept in your folder and returned to you towards the end of these semester. These cheat sheets may then be used on your final, but ONLY these cheat sheets may be used.

Homeworks (10% of class grade)—Homeworks are mostly given in D2L but occasionally will be donein class or given as a hard copy to turn in at a later class. You may drop your two lowest homework grades, but only one two. Homeworks are meant to be preparations for tests.

Attendance (10% of class grade)—Attendance is taking by passing around a list of students at the beginning of class and having you sign beside your name. The number of students is counted and then compared to the number of signatures. It the students’ responsibility to make sure they sign their name before we leave the class. If you miss a class you may make up for the absence by doing the following: listen to a Planet Money podcast and summarize what you learned in 500 words or less, within two weeks of your absence. Turn a hard copy of this summary to one of the TAs during class. Email submissions are not accepted. It is thus possible to miss every class and still obtain a 100% on your attendance grade. There is no such thing as an excused or an unexcused absence. An absence is just an absence, so please do not bring me excuse letters for missing class, because if you do you must do the Planet Money podcast to make up for it just like you would for any other absence. We will not begin taking attendance until 1/23.

Paper (15% of class grade)—The deadline for submitting papers is by 5 PM on March 10 (the Friday before Spring Break begins). You may turn it in before that though, of course. You must submit one copy of the paper electronically to the Dropbox module on D2L (here it will be electronically checked for plagiarism). You must also submit a hard copy to the student lounge in AGH 419, in the box labeled “Class papers for Dr. Norwood”. Instructions and details on the paper are given in the left menu.

The final numerical grade is thus calculated as: (0.1)(homework average dropping two lowest grades) + (0.1)(attendance grade) + (0.15)(paper grade) + (0.1)(exam average dropping lowest grade)

The translation of class numerical grades to letter grades are as follows. I always round. There is always some chance I may lower the threshold for a letter grade, but the threshold will never increase.

Important Dates

Syllabus Attachment

This syllabus attachment applies to all OSU classes.