Textbooks can be purchased though the MBS bookstore
Textbooks can be purchased though the Parkville Bookstore
Additional Resources: Walstad, William B. and Robert C. Bingham. "Study Guide to accompany McConnell and Brue Macroeconomics--Principles, Problems and Policies," 16th edition. New York, NY: McGraw-Hill/Irwin, 2005.
Current event news magazines, newspapers, etc.
http://www.mcconnell16.comCourse Description: A study of the contemporary American economy; the role of investment, consumption, and government on income determination; and an analysis of the foreign sector. Emphasis is on contemporary problems: unemployment, inflation, and growth. 3:0:3
Educational Philosophy: Student/instructor interaction, which is based on lectures, readings, quizzes, and examinations provides the basis for effective learning. During the 8 week term, we will explore together the principles of macroeconomics and relate them to current events.
Learning Outcomes:On completion of the course, students should be able to:
1. Explain the process by which the equilibrium price and quantity of a good are attained using demand and supply analysis.
2. Use the circular flow model to explain why Gross Domestic Product can be measured either through the income or expenditures approach.
3. Use the aggregate demand-aggregate supply model to explain the causes and effects of cost-push inflation and demand-pull inflation.
4. Explain how the long-run aggregate supply curve differs from the short-run aggregate supply curve, including the causes in shifts for both of them.
5. Use the aggregate demand-aggregate supply model to explain the affects of expansionary and contractionary fiscal policy.
6. Use the aggregate demand-aggregate supply model to explain the impact of tight and easy monetary policy and discuss the Federal Reserve tools to achieve them.
Course Assessment: Student Assessment in this course will be based on four assignments, two major examinations, a series of quizzes, in-class exercises and participation in weekly discussions. Students are required to read the applicable chapters before the class meeting.
Grading: The final course grade will be determined in the following manner:
a. One mid-term exam: 150 Points
b. One final exam: 180 Points
c. Four assignments (36 points each): 144 Points
d. Seven quizzes (10 points each, The lowest quiz score will be dropped): 60 Points
e. Weekly in-class participation in discussions of current topic and in-class exercises: 66 Points
Total Points possible in the course: 600 Points.
At the end of the course, accumulated points will be converted to a letter grade based on the following scale:
A = 90% to 100%
B = 80% to 89%
C = 70% to 79%
D = 60% to 69%
F = below 60%
Late Submission of Course Materials: Assignments not submitted on the due date will receive a grade of zero. Students who are absent on the date an assignment is due, must make prior arrangements with the instuctor to submit the assignment.
Classroom Rules of Conduct: Students are required to read the applicable chapters and complete all required assignments before the class meeting. Students are expected to participate in class discussions.
Please turn off all cell phones and pagers during class time or turn the phone to silent or vibration mode. If you receive an emergency call, please go out into the hallway to receive the call.
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.
Park University 2005-2006 Undergraduate Catalog Page 89
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:
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