Heslop

MICHAEL G. HESLOP
Associate Professor - Economics

TALK IS CHEAP BECAUSE SUPPLY EXCEEDS DEMAND An Unknown Economist

Contact Information		Office Building & Room Number: CN 214J Telephone: 703-323-3254 E-mail: mheslop@nvcc.edu

Office Hours Spring 2009		Tuesday: 10:50 a.m. - 11:50 a.m., 11:00 a.m. - 12:00 p.m. Wednesday: 10:50 a.m. - 11:00 a.m., 4:00 p.m. - 5:00 p.m. Thursday: 11:00 a.m. - 12:00 p.m.

Courses		Some files require Adobe Reader to view. For a free download, click here. "EXTRA CREDITS MICRO-MACRO"
		Microeconomics Syllabus ECO 202-42N Homework: 202-42N HW1 HW2 HW3 Tests 202-42N Test#1 Test#2 Test#3 Sample Quiz 1	Macroeconomics Syllabus ECO 201-42N Homework: 201-42N HW1 HW2 HW3 Tests 201-42N Test#1 Test#2 Test#3 Sample Quiz 1

Web Sites to Visit		World Bank World Trade Organization 50 Years is Enough International Monetary Fund Inter Press Service News Agency Federal Reserve

Course Resources		Web Resources for Introductory Economics Macroeconomics Sample Final Exam Handout Macroeconomics Lecture Notes NIAS1 NIAS2 Topic-ECOGRO Topic-KI-EM Topic-MacroP CINFLATION PRICE INDEX Basic Economics Characteristics LimGDP Classicals & Keynesians Focus Topics: Test #5 Test #6 Test #7 for 201-10N Microeconomics Lecture Notes Basic Economics Characteristics FDS Elasticity Market Structures Microeconomics Sample Final Exam Handout This file may require PowerPoint to view. PowerPoint is available in all computer labs on campus Basic Economics PowerPoint Presentation Basic Economics PowerPoint Presentation (Adobe version for notes) "MINDS ARE LIKE PARACHUTES--THEY ONLY FUNCTION WHEN OPEN." The Ten (10) Golden Principles of Economics Principle#1-People face trade-offs (ie There is no free lunch) Principle#2-The cost of something is what you give up to get it (ie the opportunity cost) Principle#4-Rational people think and make decisions at the margin Principle#4-People respond to incentives Principle#5-Trade makes everyone and every nation better off Principle#6-Markets are usually a good way to organize economic activity Principle#7-Government can sometimes improve market outcome Principle#8-A country's standard of living depends on its ability to produce goods and services Principle#9-Prices rise or fall when government prints too much or too little money (ie inflation or deflation results) Principle#10-There is a short run trade-off between inflation and unemployment (ie short-run Phillips curve) The above ten (10) principles are organized in the following three (3) categories: Category#1-How people make decisions? The first four (4) principles above - ie Principle#1-Principle#4 are organized in this category Category#2-How people interact? The 5^th, 6^th and 7^th principles above - ie Principle#5-Principle#7 are organized in this category Category#3-How the economy as a whole works? The 8^th, 9^th and 10^th principles above - ie Principle#8, Principle#9 and Principle#10 are organized in this category

College Resources		Library

College Policies		Student Handbook Computer Use Agreement Student/Patron Ethics Agreement

Professional Interests		International Trade Theory and Policy, International Finance Economic Development Issues in Developing Countries Microeconomic Theory, Intellectual Property Rights & Economic Research

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last revised: May 14, 2009
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