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EC 301 Intermediate Macroeconomics
Sumrall, William H.


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

S1Y 2006 MN

Faculty

Sumrall, William H. III

Title

Adjunct Faculty

Degrees/Certificates

M.S., M.B.A., Ed. S.
Licensed Real Estate Broker, Mississippi

Office Location

Millington Campus Office

Office Hours

Before Class, During Breaks, and After Class

Daytime Phone

662-562-3298 (leave a message with name, phone number, eamil, and other relevent information

Other Phone

None

E-Mail

william.sumrall@park.edu

bsumrall@northwestms.edu

Semester Dates

Monday, January 09, 2006 to Sunday, March 05, 2006

Class Days

Friday - January 13, 20, 27; February 3, 10, 17, 24; March 3.

Class Time

4:30 - 9:45 PM

Prerequisites

EC 141

Credit Hours

3


Textbook:
Gordon, Macroeconomics, Ninth Edition, ISBN 0-201-77036-9 Addison-Wesley

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

Additional Resources:
Students are urged to read Wall Street Journal,The Economist, Fortune, Business Week and other relevent current events literature, some available in the Park library.

Other sources for review will be provided in class by the instructor.

If time permits, the instructor will provide films from the Economics USA series for in class viewing.


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:
Individual and cooperative group learning style supported by direct instruction



  Instructor Learning Outcomes

  1. Research and write a term paper on a macroeconomic topic
  2. Derive the Keynesian cross, IS-LM, and  AD-AS models (assuming wage rigidity)
  3. Explain the evolution of the Monetarist and New-Classical Theories
  4. Describe how the new-Keynesian theory justifies the Keynesian policy prescriptions
  5. Explain the relationship between the government budget deficit and the trade deficit
  6. Explain how national savings determines the trade deficit, not protectionism
  7. Define supply side economics and discuss how it explains the government spending deficit.
Class Assessment:
Class Assessment will be based on the following:

Mid-term Essay exam, Comprehensive Final Essay Exam, Class Presentations, Research Paper, Attendance, and Participation













Grading:
Incomplete grades will only be given due to unusual or emergency circumstances.  Any incomplete must be completed by the end of the following semester.

Grades will be based on the following:

Mid-Term Essay Exam (20%), Comprehensive Final Essay Exam (30%), Class Presentations (20%), Research Paper (20%), and Attendance (5%), and Participation (5%)

There will be a 50% point reduction in the attendance and participation grade components for each unexcused absence.

There will be a 50% point reduction in the attendance and participation grade components for each excused absence for which the instructor is not notified in advance and outlines of weekly chapters emailed before the class meeting date or as soon as possible thereafter.

Students who anticipate more than two excused or more than one unexcused absence should withdraw from the course.

At the end of the course, your accumulated points will be converted to a weighted average grade based on the following scale:

           90% - 100% = A
           80% - 89%  = B
           70% - 79%  = C
           60% - 69%  = D
           Below 60%  = F

APA Style Manual, 5th. edition required for research paper.  

 

Late Submission of Course Materials:
Late submission of course materials due to an unexcused absence will not be accepted. The zero grade will be applied to all grade components related to the date of absence.

Students who are absent from class due to an excused reason must fulfill certain responsibilities to avoid a grade reduction. First, the instructor should be notified in advance of the absence, an email reminder is preferred. Second, an outline of the appropriate chapters assigned should be emailed to the instructor before the class meeting date or as soon as possible thereafter.

 

Classroom Rules of Conduct:
See Park policy.

Course Topic/Dates/Assignments:
WEEK ONE (January 13) Review of syllabus and introduction to course; Instructor Lecture; Assignment: Chapters 1, 2, 3

WEEK TWO (January 20) Instructor Leture Chapters 1,2,3; Assignment: Chapters 4,5,6,7

WEEK Three (January 27) Instructor Lecture and Group Presentations Chapters 4, 5,6,7:Assignment: Chapters 8,9,10.

WEEK FOUR (February 3)Mid-term Essay Exam; Instructor Lecture and Group Presentations Chapters 8, 9, 10; Assignment: Chapters 11, 12, 13

WEEK FIVE (February 10) Instructure Lecture and Group Presentations Chapters 11, 12, 13; Assignment: Chapters 14, 15

WEEK SIX (February 17) Instructor Lecture and Group Presentations Chapters 14, 15; Assignment: Chapters 16, 17, 18

WEEK SEVEN (February 24) Instructor Lecture and Group Presentations Chapters 17, 18; Assignment: Portfolio Due, summary statements

WEEK EIGHT (March 3)Comprehensive Final Essay Exam; Students Present Summary Statements; Submit Portfolio

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
This instructor reads and assesses all student work.

Grade reduction will apply

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
This instructor reads and assesses all student work.

Grade reduction will apply

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
ATTENDANCE IS REQUIRED !! GRADE REDUCTION APPLIES

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 .
Please inform this instructor in private immediately  after the first class meeting of arrangements he should make to assist the student.

Additional Information:

 

Copyright:

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