EC 141 Principles of Economics I (Macro) SC
S2R 2009 SC
John R. Thompson
Masters of Science (M.S.) in Policy Analysis with Electives in Money & BankingBachelor of Arts (B.S.) in Economics with Concentration in Finance
Education Center, Scott Air Force Base
Available as needed via telephone and email formats. Face-to-face meetings by advance appointment.
(618) 980-1398 (Cell Phone)
March 21st, 2009 - May 9th , 2009
8:00 AM - 1:00 PM
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: Supplemental resources and publications: The Wall Street Journal, The Economist, The Belleville News-Democrat. Relevant websites delineated below:
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 firstname.lastname@example.org or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Educational Philosophy: The instructor's educational philosophy is one premised on a belief in interactive learning between and amongst students and the instructor using both traditional and contemporary means and formats, including lectures and discussions, quizzes and examinations, internet and website explorations, and written and oral presentations. The instructor has a responsibility to create a learning environment where students are engaged to explore critical economic ideas, issues and problems.
Learning Outcomes: Core Learning Outcomes
All Park University courses must include a core assessment that measures the course Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities. For this course, the core assessment is a final exam to be administered in all sections of EC 141. This exam is worth 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through short essay Tools and Methods of Economics questions, Graphical Problems in he Communications section, and Critical Thinking short-answer questions. For each core learning outcome, the student should be prepared to draw the relevant graph, define basic concepts or policies, identify relevant shifts in the curves, and state final impacts on relevant variables.
Link to Class RubricClass Assessment:
Final grade will be determined and calculated based on the following tasks and evaluation methods, in which there are a maximum of 500 points over the class term.
* NOTE: Includes a closed-book, closed-note, comprehensive final exam ("Core Assessment"). This final exam is not a take-home exam.
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.
Classroom Rules of Conduct: Students are expected to attend all scheduled classes unless previously excused by the instructor. Punctuality and promptness are necessary to assure an orderly start and finish to every session. Students are expected to conduct themselves in a positive and constructive manner during class. Given the accelerated nature of the course, it is imperative that students have completed all reading and homework assignments prior to class, and be prepared for the scheduled activities and content discussion as delinated and assigned within this syllabus. Homework assignments are to be completed as of the due date.
Course Topic/Dates/Assignments: March 21st: Introductions, expectations, and overview of course syllabus. Delineate the foundational concepts and premises a/k/a "setting the table". The nature and method of economic inquiry; the economic "problem". An introduction to the market system. The circular flow diagram.
March 28th: Supply and demand analysis, the operation of markets and the role of price in resource allocation. The Production Possibility Frontier model. Supply/Demand analysis applications. The Market System vs. Central Direction.
April 4th: The Respective Roles of the Private and Public Sectors in the U.S. Economy. The Role of the United States in the global economy. An Introduction to Gross Domestic Product (GDP). First Exam.
April 11th: Defining, measuring and evaluating GDP and related concepts. Expenditure and Income approaches ("2 sides of the coin") to GDP. Discussion of The Big Three: Economic Growth, Inflation and Unemployment.
April18th: Basic Macroeconomic Relationships. Aggregate Demand and Aggregate Supply. The AS-AD Model of the Macroeconomy.
April 25th: The Role of Money and Banking in the U.S. Financial System and the American economy.
May 2nd: Economic Policy-Making: Fiscal and Monetary Policy. The Role of the U.S. Congress, U.S. President and the Federal Reserve System in the U.S. economy.
May 9th. Exploring the causes and effects of economic growth. Government Spending's Impact on the U.S. economy. The impact of public debt on the financial markets and the "real" economy. Final Exam.
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 87In addition, academic dishonesty refers, but is not limited, to the following: the act of plagiarism (see definition below) in connection with any work required to be performed only by the individual student, and any behavior or act in connection with the taking of an examination deemed by the instructor and Park University as cheating. If it is reported and conclusively determined that academic dishonesty has occured, the subject student will be given a grade of "F" for the course. This policy will be followed in all cases and under all circumstances.
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.
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 .
Last Updated:3/6/2009 4:52:18 PM