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EC 301 Intermediate Macroeconomics
Hiestand, Thomas W.


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

F1T 2006 DLB

Faculty

Hiestand, Thomas W.

Title

Senior Professor of Economics

Degrees/Certificates

B.A. Math and Economics, Luther College
Ph.D. Econmics, Kansas State University

Office Location

Online

Office Hours

9:00 - 10:00 p.m. Monday - Friday and Evenings on Sunday

Daytime Phone

Day phone number  218.299.3483

Other Phone

Evening phone number  701.232.3055

E-Mail

thomas.hiestand@park.edu

thiestand@cableone.net

Class Days

TBA

Class Time

TBA

Prerequisites

Econ 141

Credit Hours

3


Textbook:

Required Texts/Materials:

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. Hacker, Diana. Rules for Writers, (Strongly recommended manual on APA Style.)

D. Personal Computer, Pentium 133 or better, 64 Megabytes of RAM or better, Windows 98 or better, with a 56K or faster modem. 1. Internet Explorer 5.5 or better (6.0 preferred). 2. E-mail account 3. Word Processor: Use Microsoft Word files. E. Access to a Fax machine (or Scanner) to turn in some of the homework assignments. --------------------------------------------------------------------------------

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

Additional Resources:

Additional Materials:   

A. Hacker, Diana. Rules for Writers, (Strongly recommended manual on APA Style.)

B. Personal Computer, Pentium 133 or better, 64 Megabytes of RAM or better, Windows 98 or better, with a 56K or faster modem. 1. Internet Explorer 5.5 or better (6.0 preferred). 2. E-mail account 3. Word Processor: Use Microsoft Word files. C. Access to a Fax machine (or Scanner) to turn in some of the homework assignments. --------------------------------------------------------------------------------

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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

Educational Philosophy:
My educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, internet, videos, web sites and writings. I will try to engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.

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

Homework (12% of  grade)

120

Weekly

Course Participation (10% of  grade)

100

Weekly

Paper Topic (3% of  grade)

30

Week 2

Open-Book, MID-TERM TEST (15% of  grade)

150

Week 4

Term Ppaper Proposal and References (15% of  grade)

150

Week 5

Term Paper (15 % of grade)

150

Week 7:

PROCTORED FINAL EXAM (30% of grade)

300

Week 8

TOTAL

1000

 

Course Participation requires participation in the Conference Area threaded discussions.

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

Final examination - The student's grade will directly reflect their overall course average provided they pass the final exam.  IT IS A COURSE REQUIREMENT THAT THE STUDENT MUST PASS( students must score at 60% on the final exam to pass the course) THE PROCTORED FINAL EXAM IN ORDER TO PASS THE EC301 COURSE REGARDLESS OF THEIR OVERALL AVERAGE IN THE COURSE.   A final proctored examination will be taken in a proctored testing environment during the 8th week at one of the Park University Campus Centers.  This test will be closed book and closed notes. Note: Participation is participation in the weekly Q & A threads.

Online Activity

Students are expected to complete 5 hours of online activity per week including but not limited to responding to the weekly conference discussions, sending/receiving Email, reading and viewing online lectures, completing online quizzes and tests, and conducting research over the World Wide Web.  Sending in homework or a test, or participation in a conference thread, all count as a contact. 

Information for the coming week will be posted by the instructor by 10 am CST every Monday. This will include any administrative notes, clarification of the reading assignment and the homework assignment if any. 


Grading:

 

Grading Policy

Grading Criteria – 
Evaluation Item Points

Homework

120

Weekly

Course Participation

100

Weekly

Project Topic and Feasibility Paper

30

Week 2

Open-Book, MID-TERM TEST

150

Week 4

Term Project Proposal

150

Week 5

Term Project Report

130

Week 7:

PROCTORED FINAL EXAM

300

Week 8

TOTAL

1000

 

Course Participation requires participation in the Conference Area threaded discussions.

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

Final examination - The student's grade will directly reflect their overall course average provided they pass the final exam.  IT IS A COURSE REQUIREMENT THAT THE STUDENT MUST PASS( students must score at least 60% on the final exam to pass the course) THE PROCTORED FINAL EXAM IN ORDER TO PASS THE EC301 COURSE REGARDLESS OF THEIR OVERALL AVERAGE IN THE COURSE.   A final proctored examination will be taken in a proctored testing environment during the 8th week at one of the Park University Campus Centers.  This test will be closed book and closed notes.

Online Activities

Students are expected to complete 5 hours of online activity per week including but not limited to responding to the weekly conference discussions, sending/receiving Email, reading and viewing online lectures, completing online quizzes and tests, and conducting research over the World Wide Web.  Sending in homework or a test, or participation in a conference thread, all count as a contact. 

Information for the coming week will be posted by the instructor by 10 am CST every Monday. This will include any administrative notes, clarification of the reading assignment and the homework assignment if any. 


Late Submission of Course Materials:
Late Work: Each week's work must be completed by the end of that week. Comprehensive solutions will be distributed after the deadline. After a solution is distributed to any student in the class, the maximum grade will be 50% for that assignment. However, late or not, it is important that you complete all assignments because they will be a major help in preparing you for the test. There is a huge difference in what you will learn by working the assignments and what you will learn by reading the solution to them.

Classroom Rules of Conduct:

Course Policies:

  • 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 an e-mail attachment but some handwritten formulas and diagrams will have to be faxed. Since my fax is my home phone number, faxes must be sent not later than 10:00 pm CST. If you ever have difficulty transmitting an assignment to me, telephone me and we will get the problem solved. If you can't get your call in prior to 10 pm, call the next morning. 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 subject. To avoid e-mail viruses I do not open e-mail from unknown sources.  Also my e-mail account automatically sorts my incoming mail into directories according to the first words on the subject line.  Also, use this format for the file name of any e-mail attachments. Additionally put this information on every page of every attachment. If you send a message by fax or any other means, be sure to include this information on every page.
  • Other 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 sending an E-mail message to the instructor or posting a question, answer, or comment to one of the course threads. I submit the weekly-absence report before noon on Mondays. If I haven't seen a posting from you in the course threads or received an e-mail prior to midnight on Sunday or received a fax by 10 pm on Sunday; you will be counted absent for that week. 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) thread.  
  • Q&A 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. Comprehensive solutions will be distributed after the deadline. After a solution is distributed to any student in the class, the maximum grade will be 50% for that assignment. However, late or not, it is important that you complete all assignments because they will be a major help in preparing you for the test. There is a huge difference in what you will learn by working the assignments and what you will learn by reading the solution to them.         
  • 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:

                                Grading Policy Grading Criteria – Evaluation Item Points

  • Course Participation 100, Weekly
  • Homework 120, Weekly
  • Term Paper Topic 30, Week 2
  • Open-Book, MID-TERM TEST 150, Week 4
  • Term Paper Proposal and References 150, Week 5
  • Term Paper 150, Week 7
  • PROCTORED FINAL EXAM 300, Week 8

                 TOTAL 1000 points possible

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 2006-2007 Undergraduate Catalog Page 87-89
In this course, you are encouraged to learn from each other. Frequently, I will encourage you to discuss assignments with other students. I want you to have the opportunity to learn from every possible source. These sources include: the text, the information posted by me in the threads, and most importantly, I want you to learn from each other. Remember that part of your grade is based on your sharing questions and answers with each other.

In EC301, unlike most other college courses, it is virtually impossible to cheat anyone but yourself. We are here to learn and a major portion of that learning will be from peers. Don't worry, I will monitor your concerns closely and pull you back on track as the need arises.

The proctored final exam must represent your efforts exclusively. Any deviation from this would be cheating. However, preparing for the exam should be a group activity and I will tell you exactly what type of problems will be on the proctored final.

The Term Paper must be written by you and cannot therefore be copied from someone or some other source. However, you are encouraged to get feedback from the class and other sources so you can do the best job possible.

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.  

Definitions

Academic dishonesty includes committing or the attempt to commit cheating, plagiarism, falsifying academic records, and other acts intentionally designed to provide unfair advantage to the students.

Cheating includes, but is not limited to, intentionally giving or receiving unauthorized aid or notes on examinations, papers, laboratory reports, exercises, projects, or class assignments which are intended to be individually completed.  Cheating also includes the unauthorized copying of tests or any other deceit or fraud related to the student's academic conduct.
Plagiarism involves the use of quotation 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 assignments (any portion of such) prepared by another person, or incorrect paraphrasing.
Falsifying academic records includes, but is not limited to, altering grades or other academic records.
Other acts that constitute academic dishonesty include:
Stealing, manipulating, or interfering with an academic work of another student or faculty member.
Collusion with other students on work to be completed by one student.
Lying to or deceiving a faculty member.
Procedure

In the event of alleged academic dishonesty, an Academic Dishonesty Incident Report will be submitted to an Online Academic Director who will then investigate the charge.  Students who engage in academic dishonesty are subject to a range of disciplinary actions, from a failing grade on the assignment or activity in question to expulsion from Park University.  Park University's academic honesty policy and related procedures can be found in full in the 2005-2006 Park University Undergraduate and Graduate Catalogs

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 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 "W".
  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 2006-2007 Undergraduate Catalog Page 89-90
Participation and Attendance

Professors are required to keep attendance records and report absences throughout the term. Excused absences can be granted by the instructor for medical reasons, school sponsored activities, and employment-related demands including temporary duty. The student is responsible for completing all missed work. Any student failing to attend class for two consecutive weeks, without an approved excuse, will be institutionally withdrawn (unofficially withdrawn) and notified by mail that an "F" will be recorded.

Students are expected to spend a substantial amount of time online and offline each week including but not limited to responding to the weekly conference discussions, sending/receiving Email, reading and viewing online lectures, completing online quizzes and tests, and conducting research over the World Wide Web. A rule of thumb is that you should spend approximately 4-5 hours per week online reviewing course content and engaging in group work and discussion and an additional 4-6 hours per week on readings, preparing assignments, or completing papers or examinations.

Students are expected to contact the instructor and/or class web site twice weekly. Sending in homework or submitting a test requirement will count as a contact, as will responding in the weekly conference discussions.    

Information for the coming week will be posted by the instructor by 10 am CST every Monday. This will include any administrative notes, clarification of the reading assignment and the homework assignment if any.

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 .



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. 

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Last Updated:8/7/2006 11:06:04 AM