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EC 301 Intermediate Macroeconomics
Bagheri, Fatola


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

S2G 2006 GRX

Faculty

Bagheri, Fatola

Title

Associate Professor

Degrees/Certificates

Ph.D. in Economics

Office Location

GFAFB

Office Hours

After class periods

Daytime Phone

(701) 777-3352

E-Mail

Fatola.Bageri@Park.edu

Fathollah_Bagheri@und.nodak.edu

Semester Dates

S2G 2006 - March 20 to May 14, 2006

Class Days

Various dates based on student's needs

Class Time

varies

Prerequisites

Ec141 and Ec142

Credit Hours

3


Textbook:
1. Greg Mankiw, Macroeconomics Fifth Edition, 2003, Worth Publisher
2. McConnell and Brue: Macroeconomics, 16th ed., 2005.


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

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:
Students are evaluate based on two exams, each of which counts for 40% of the course grade. Exam questions are composed of multiple choice questions, short essays and numerical problems and they are from the new chapters  assigned(covered)since the previous test. A term paper on certain macroeconomic topic will count the remaining 20% of the course grade.

Grading:
First exam,100 points. 40% of the course grade.
Second exam, 100 points, 40% of the course grade.
Paper, 100 points, 20% of the course grade.

Grade in percent = 0.40(ist test score) + 0.40(2nd test score) +0.20(paper score)

Then the following schedule will be used to assign course letter grades:

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

Course Topic/Dates/Assignments:
Mankiw: Chapters 1, 2, 3, 4, 5, 6, 9, 10 and 11.  
McConnell: Ch. 8, 9, 10, ll, 12, 13 and 14.

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

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.

  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

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 .

Additional Information:
This course is offered for one student: Audria Jennig. She is expected to meet with the instructor on the regular bases and whenever she has questions. She must  study all the assigned chapters from the texts indicated above, do the homework and take all specified exams for assessment.



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 copyright and can not be reused without author permission.

Last Updated:4/19/2006 6:44:31 PM