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EC 301 Intermediate Macroeconomics
Moore, Keith L.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

EC 301 Intermediate Macroeconomics

Semester

S2J 2006 IN

Faculty

Moore, Keith L.

Title

Associate Professor

Office Location

Downtown Campus

Daytime Phone

816-842-6182x5504

E-Mail

Keith.Moore@park.edu

klmoore@toto.net

Semester Dates

Monday, March 13th, through Sunday, May 7th.

Class Days

--T----

Class Time

5:30 - 9:50 PM

Prerequisites

EC 141 - Principles of Economics I (Macro)

Credit Hours

3


Textbook:
Macroeconomics, 10th Edition, by Robert J. Gordon. Addison-Wesley, 2006.
ISBN 0-321-27880-1

Textbooks can be purchased though the MBS bookstore


Course Description:
This course begins with a review of national income concepts including national income accounting. It analyzes fiscal and monetary policy using the ISLM model. The primary course focus is on the critical analysis of fiscal, monetary, new Keynesian, and new classical models and their success in explaining economic stability and the stimulation of economic growth. Pre-requisite: EC141. 3:0:3

Educational Philosophy:
The instructor's philosophy is based on the importance of interaction and dialogue between the students and the instructor during classroom periods. The importance of assimilation and application of new concepts and the resolution of deficiencies in learning cannot be overemphasized. The methods used to present these new ideas may include lecture and explanation, class dialogue, and specific classroom projects. Sources may include the textbook, various writings, and the web.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain the evolution of the monetarist and new classical theories.
  2. Describe how new-Keynesian theory justifies the Keynesian the Keynesian policy prescriptions.
  3. Explain the relationship between the government budget deficit and the trade deficit.
  4. Explain how national savings determines the trade deficit, not protectionism.
  5. Define supply-side economics and discuss how it explains the government spending deficit.
  6. Analyze graphically the AD-AS model, the Keynesian cross, and the IS-LM model.  Identify all relevant curves and causes for shifts in the curves.


Core Assessment:

Class Assessment:
The primary project for the course will be a 2000-2,250 word paper. The goal of this paper is to provide evidence that the student is able to demonstrate integration of the basic macroeconomic theoretical elements with a real-world macroeconomic problem of the student's choosing. The format of the paper (MLA, APA,etc.) and adherence to the format's requirements is secondary to the original thought contained in the presentation. In addition to the paper there will be two mid-course examinations and a final examination. Class participation will determine borderline grades

Grading:
Grades will be determined using the average of two mid-course exams and a final exam worth 100 points each plus the research paper which is worth 100 points (400 points total).

Grades will be awarded based on the following ranges: 90 through 100 - A, 80 through 89 - B, 70 through 79 - C, 60 through 69 - D, and below 59 - F.

Late Submission of Course Materials:
Late submission of assignments is discouraged but tolerated under certain circumstances. It is the student's responsibility to get the instructor's permission in advance.

Classroom Rules of Conduct:
Civility rules.

Course Topic/Dates/Assignments:
Mar. 14 - Introduction to Course Topics and Course Structure

Mar. 21 - Chapters 1 & 2 - Introduction and Measurement

Mar. 28 - Chapters 3 thru 6 - A take-home examination will be distributed at the end of class (chapters 1-4).

Apr.  4 - Chapters 7 thru 9 - Aggregate Demand & Aggregate Supply, inflation and unemployment.

Apr. 11 - Chapters 10 thru 12 - Macroeconomics in the Long Run.

Apr. 18 - Second Examination (chapters 7 thru 12)

Apr. 25 - Chapters 13 thru 18 (selected topics)

May   2 - Final Examination (chapters 13 thru 18) + Paper due at end of class.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is copyright and can not be reused without author permission.