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EC 301 Intermediate Macroeconomics
Bowen, John E.


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

S2T 2006 DLB

Faculty

Bowen, John E.

Office Location

Onlilne

Daytime Phone

614-457-8985

E-Mail

John.Bowen@pirate.park.edu

sharonjb@ix.netcom.com

Semester Dates

June 5, 2006 - July 30, 2006

Class Days

TBA

Class Time

TBA

Prerequisites

EC141

Credit Hours

3


Textbook:
A. Gordon, Macroeconomics. 10th ed. ISBN: 0-321-27880-1.  
B. Soule, Intermediate Macroeconomics Supplement for Internet Course. (Hereinafter IMS)  ISBN 007-235019-9  
C. STRONGLY RECOMMENDED: Hacker, Diana. Rules for Writers.

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

Additional Resources:
The Following Print Sources are known for correctly using economic analysis.  Additionally, these sources are aimed at the undergraduate non-economics major.

Wall Street Journal.  (Available by semester subscription, which includes on-line version AND AT THE PARK ONLINE LIBRARY).

The Economist (This is a monthly magazine similar in appearance to Newsweek or Time.)

Journal of Economic Literature (Has excellent survey articles with numerous references.)

Journal of Economic Perspectives (Has several articles on a common topic in each issue.)

National Review (This is a conservative magazine that includes excellent economic analysis.)  

These Internet Sources are particularly appropriate for Term Paper Research

Economics Web Resources (WebEc) www.helsinki.fi/WebEc/WebEc.html

Federal Reserve System Information                    www.FederalReserveEducation.org

Gordon Text Website  (Requires access code) http://www.awlonline.com/gordon

National Bureau of Economic Research                                              www.nber.org

OMB Web Page (Fed Budget) http://www.access.gpo.gov/usbudget/index.html

US Federal Gov Agency Page, LSU Library          www.lib.lsu.edu/gov/fedgov.html

OTHER SOURCES:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact us for further assistance via email or at 800-270-4347.

Park University Online Bookstore - Select #11 Distance Learning Internet for Online undergraduate courses and then select the course(s) you are enrolled in to order books Online.

Advising - Park would like to assist you in achieving your educational goals. Your Campus Center Administrator can provide advising to you, please contact them for assistance.  If you need contact information for your Campus Center, click here.

Online Tutoring Services - Park University has arranged for Online students to receive five hours of free access to Online tutoring and academic support through Smarthinking. For students wanting Online tutoring, you will need to contact your instructor to receive their recommendation and information on how to access the Online tutoring.

Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PiratEmail account, please email the Park Helpdesk or call 800-927-3024.


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: <a href='index.aspx?Class=EC141'>EC141</a>. 3:0:3

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:
Write a paper analyzing the different approaches
that might be used by Keynesian theorists and monetary theorists to promote long-run
macroeconomic stability. Examine the impact of persistent budget deficits on
the trade deficit and analyze the options available to policy makers when
national savings presents opportunities to improve the trade deficit. Appraise
the position of supply-side economists as it relates to government deficits. Evaluate
recent national economic policies as they relate to the magnitude of the trade
deficit and analyze the arguments for protectionist policies and the effect, if
any, upon the trade deficit.

Link to Class Rubric

Class Assessment:
Grading Policy

Grading Criteria –
Evaluation Item Points
Course Participation 100 (10%_
WEEKLY Homework 120 (12%)
WEEK 2 Term Paper Topic 30 (3%)
WEEK 4 Open-Book MID-TERM TEST 150 (15%)
WEEK 5 Term Paper Proposal and References 150 (15%)
WEEK 7 Term Paper 150 (15%)
WEEK 8 PROCTORED FINAL EXAM 300 (30%)
TOTAL
1000 (100%)


You must pass the Proctored Final Exam with 60% or higher in order to pass the course. Course Participation consists of participation in the Q & A Discussion.

Grading Scale:  A = 90-100, B = 80-89, C = 70-79, D = 60-69, F = 0-59.  

* Final examination - A comprehensive examination will be taken in person during the 8th week of instruction. If you are within an hour's drive of a Park University Campus, a proctor from that campus will be provided for you. If you are not within an hour's drive of a Park Campus, the Proctored Final must be taken at an alternative location that is approved by the University. In this case, the student must arrange for a proctor who is accepted and approved by the instructor.  Guidelines for selecting an acceptable proctor can be found at the Park University website.

Homework will be assigned during the course in the thread for each week.  Homework will be due at the end of that week.  Homework is intended to prepare the student for the final exam.

Grading:
See above.

Late Submission of Course Materials:
All assignments are due at the end of the assignment week.

Late submission will not be accepted unless prior permission has been granted or the student can demonstrate that circumstances would have made it almost impossible to meet the deadline.

Classroom Rules of Conduct:
Online Etiquette: All online communications need to be composed with fairness, honesty and tact. If I deem an online communication to be inappropriate or offensive, I will take appropriate official action. See http://www.albion.com/netiquette/corerules.html

Course Topic/Dates/Assignments:
See class assessment above and Weeks One through Eight on the Home Page.

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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

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. 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 .

Additional Information:
A class week is defined as the period of time between Monday and Sunday. The first week begins the first day of the semester and ends midnight the following Sunday. Assignments scheduled for completion during a class week should be completed and successfully submitted by e-mail or fax, so that they are in my hands on the due date. Most homework will be sent by e-mail but some handwritten formulas and diagrams may have to be faxed. Legitimate problems or misunderstandings will not receive late penalties provided the problem is brought to the attention of the instructor not later than the morning after the deadline for the requirement concerned. On e-mail always, use the following subject line: Online EC301, First name, Last name, short subjectOther Rules for Online Participation * Students should use E-Mail for private messages to the instructor and other students. The Class Conference is for public messages. You must identify yourself by name and class in all e-mail sent to any member of our class, including myself. I will respond to course-related questions within 48 hours (unless I notify you previously that I will be unavailable.) * Students are expected to interact with the Instructor and or other students in the course at least twice every week. Such interaction would include posting a question, answer, or comment to one of the course threads. * All students will participate in conference discussions. Conventions of "on-line etiquette," which include courtesy to all users, will be observed. * Students may get assistance with computer-related problems through the instructor or each other. Other Course Policies___Computer Difficulties: You need help downloading a browser or plug-in; you need help logging into the course; or if you experience any errors or problems while in your online course, please contact helpdesk@parkonline.org or 1-866-301-park.·   When you have a course question, look for a similar question in the Q&A (Questions and Answers) Discussionthread.  Q&A DISCUSSION IS THE ONLY THREAD FOR COURSE QUESTION OR COMMENTS.  If you do not see your question there, then post your question. Posting them in the threaded discussion area will allow your fellow students to benefit from your questions. There are no stupid/silly questions. · _Back up every piece of work, you complete. Always have two copies for yourself and one for me. Your copies should be on different media. Keep one copy on the hard drive and one on a floppy or CD-ROM for example. This will ensure that a computer goof or a glitch in cyberspace will not wipe out all traces of your hard work. Be sure to keep a copy of every thing you send to me until after your course grade is finalized.  ·   Late Work: Each week's work must be completed by the end of that week unless excused. Comprehensive solutions will be distributed after the deadline



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluation: Judge the relative worth of information based on prior knowledge                                                                           
Outcomes
1, 3, 4                                            
Provided 5 or more comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 3 to 5 comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 1 to 3 comparisons regarding macroeconomic theoretical concepts. Provided no economic comparisons regarding macroeconomic theoretical concepts. 
Synthesis: Incorporate parts of an issue to arrive at an appropriate solution.                                                                         
Outcomes
2, 3                                               
Applied detailed course content to answer the question and presented the steps in a logical manner. Applied adequate course content to answer the question and presented the steps in a logical manner. Applied minimal course content to answer the question. Applied no course content to answer the question. 
Analysis: The ability to understand the component parts of information and its organization                                                            
Outcomes
2, 3, 4                                            
Identified  at least 5 theoretical components and flawlessly analyzed macroeconomic concepts from the course content to answer the question. Identified 3 to 5 theoretical components and adequately analyzed macroeconomic concepts from the course content to answer the question. Identified 1 to 3  theoretical components and minimally analyzed macroeconomic concepts from the course content to answer the question. Did not identify any theoretical components and provided no analysis of macroeconomic concepts to answer the question. 
Application: Use principles from the discipline as they relate to the Core Learning Outcomes.                                                          
Outcomes
2, 3, 4, 5                                         
Exhibits thorough knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits moderate knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits minimal knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits no evidence of knowledge of the course content. 
Content of Communication: Grammar, punctuation, spelling, typing, sentence structure, and readability                                                  
Outcomes
Park Mission Statement: communicate effectively    
Exhibits excellent command of grammar, punctuation, spelling, typing, sentence structure, and readability.

0 to 5 errors

 
Exhibits good   command of grammar, punctuation, spelling, typing, sentence structure,
and readability.

6 to 10 errors

 
Exhibits adequate command of grammar, punctuation, spelling, typing, sentence structure,
and readability.

11 to 15 errors

 
Exhibits minimal
command of grammar, punctuation, spelling, typing, sentence structure, and readability.

More than 15 errors

 
Technical Skill in Communicating: format items to include adherence to MLA standards, paper length, Works Cited, and internal documentation.           
Outcomes
Park Mission Statement: communicate effectively    
0 to 3 errors 4 to 7 errors 8 to 10 errors More than 10 errors 
Disciplinary Competence: appropriate use of terminology.                                                                                               
Outcomes
                                                  
Uses terminology flawlessly to compose responses to questions.

No more than 3 errors
 
Uses terminology adequately to compose responses to questions.

No more than 7 errors
 
Uses terminology minimally to compose responses to question.

No more than 10 errors
 
Uses no terminology to compose responses to question.

More than 10 errors
 
Disciplinary Competence: appropriate use of data.                                                                                                      
Outcomes
                                                  
Incorporates the use of data flawlessly, when appropriate, to compose responses to questions. Incorporates the use of data adequately, when appropriate, to compose responses to questions. Incorporates the use of data minimally, when appropriate, to compose responses to questions.
 
Uses no data to compose responses to questions. 

Copyright:

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

Last Updated:5/16/2006 7:14:03 AM