Syllabus Entrance
Printer Friendly
Email Syllabus

EC 301 Intermediate Macroeconomics
Rice, Coy P.


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

F2BB 2008 HL

Faculty

Rice, Coy P.

Title

Adjunct Professor

E-Mail

coy.rice@park.edu

Semester Dates

Monday, October 20 - Sunday, December 14, 2008

Class Days

-M-W---

Class Time

5:00 - 8:00 PM

Prerequisites

EC141

Credit Hours

3


Textbook:
Gordon, R. J. (2006). Macroeconomics (11th ed.). Boston, MA: Pearson Education, Inc.

Textbooks can be purchased through the MBS bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
EC301 Intermediate Macroeconomics: 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. Prerequisite: EC141. 3:0:3

Educational Philosophy:
Students maximize their potential through education by understanding concepts in a way that it is relevant to them in their life during the time that the education is taking place. People of all ages, driven by their desires, achieve personal goals for the future with the implementation of adequate materials, feedback from teachers and peers, and personal evaluations. Gratification emerges when students know that they are building upon stepping stones within their academic road to success.

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:
A variety of methods will be used to assess the learning in this course. Students will be assessed on their class participation, performance on quizzes, writing assignments, and examinations. There will also be opportunities to work in groups and to be assessed based on individual and group performance.

1. Tests – Students are required to take a mid-term and final examination.

2. Presentation – Students are required to give a short presentation that explains and gives and example of economic concepts presented in their paper. A paper that reflects the presentation, handed in the same day, should be roughly seven to ten pages long. The presentation should roughly be from 10 – 15 minutes long. The paper must have at least five or more references. (Remember to use APA formatting! Use grammar and spell check! Refresh yourself of passive phrases, etc.)

3. Participation – Students are required to enter various discussions and activities throughout the course.

Grading:
The final course grade will be determined using the following measurements:

Mid-Term Exam                   30%

Final Exam                            30%

Paper (with presentation)     30%

Participation                          10%

TOTAL                                100%

Points:

Mid-Term Exam                   300

Final Exam                            300

Paper (with presentation)     300

Participation                          100

Total Points                          1000

Final Grade:

90 – 100   = A

80 – 89.9 = B

70 – 79.9 = C

60 – 69.9 = D

 0 – 59.9 = F

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:
Assignments, handed in late, will be reduced 10 points per day. The Mid-Term test will have a one-week make-up time before a “zero” grade will be given. The Final exam will only have one day in which the student must make-up the test before the grade becomes a “zero.”

 

Classroom Rules of Conduct:
1. Attend class and be prompt. Class attendance is part of class participation, which is a portion of your grade. Roll will be checked at the beginning of each class period. Since tardy entry to a class disrupts the class, your lateness for class will receive a reduction in points.

2. IT IS YOUR RESPONSIBILITY TO MAKE UP ANYTHING MISSED IN CLASS.

3. Be prepared for class. This means that you have read the assigned readings and are prepared to discuss them. Daily quizzes may be given at the beginning of class. Tardy arrival at class will result in missing the quiz. Quizzes may not be made up. This course will consist of class discussion, small group discussion, group work, and lecture. You are expected to take part in the discussions and group work. Your in-class participation is another portion of your grade. Also, assigned reading will not always be reviewed in class, but examinations will be from both assigned readings and class discussions.

4. Examinations. There will be a mid-term examination and a comprehensive final

examination. Exam answers will be short answer and essay. Examinations will be from both assigned readings and class discussions

5. No makeup exams will be given unless the student produces a written excuse signed by a doctor (with the doctor’s registration number) in the case of illness, or a tow bill from a tow company in the case of car problems. A written excuse from the campus nurse is acceptable. The same requirement applies to illness of children.

Course Topic/Dates/Assignments:
 

Week

Day

Topics/Assignments:

1

Monday

Introductions The Scope and Method of Economics

1

Wednesday

One: What is Macroeconomics?

2

Monday

Two: The Measurement of Income, Prices, and Unemployment

2

Wednesday

Three: Spending, Income, and Interest Rates

3

Monday

Four: Monetary and Fiscal Policy in the IS-LM Model

3

Wednesday

Five: The Government Budget, Foreign Borrowing, and the Twin Deficits

4

Monday

Review for midterm test

4

Wednesday

MIDTERM TEST

5

Monday

Six: International Trade, Exchange Rates, and Macroeconomic Policy

5

Wednesday

Seven: Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy

6

Monday

Eight: Inflation: Its Causes and CuresPAPER OUTLINE DUE!

6

Wednesday

Ten: The Theory of Economic Growth

7

Monday

Twelve: The Government Budget, the Public Debt, and Social Security

7

Wednesday

Review for Final Test

8

Monday

Individual Presentations and Paper Due!

8

Wednesday

FINAL TEST – All Chapters Covered – Comprehensive 30% of Grade

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 2008-2009 Undergraduate Catalog Page 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 2008-2009 Undergraduate Catalog Page 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 "F".
  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 2008-2009 Undergraduate Catalog Page 89-90

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:
 The instructor reserves the right to change the syllabus at any time during the course.


Attachments:
Syllabus - Coy Rice - ECON 301 - Gordon.doc

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 protected by copyright and can not be reused without author permission.

Last Updated:9/11/2008 10:49:00 PM