EC 141 Principles of Economics I (Macro)
F1QQ 2006 HI
Nicholls, Alan V.
Masters in Econometrics (University of Utah)
Before and after class
Aug. 21 to Oct. 15
4:30 - 7:15 PM
Textbook: McConnell and Brue. Microeconomics 16th edition. McGraw Hill - Irwin.
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Educational Philosophy: Students will develop an understanding of the concepts of microeconomics through examples of economic models. Many models include examples of real-life problems that appeal to and motivate students.
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. The exam is NOT OPEN BOOK. It is worth 20 percent of the student's final grade and will test students' mastery of four core learning outcomes (Learning Outcomes 1, 2, 3, and 4 listed on this syllabus) through definitions, short essay, and graphing 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:
Four homework assignments each worth 5% of the final grade.
The critical paper will be worth 20% of the final grade.
Midterm worth 30% of the final grade.
Final worth 30% of the final grade.
The comprehensive final is not a take-home test and it is a closed book and closed notes exam.
A = 90 - 100 B = 80 – 89.9 C = 70 – 79.9 D = 60 – 69.9 F = 0 - 59.0
Late Submission of Course Materials: No credit will be given for any work received late.
Classroom Rules of Conduct: Students are required to conduct themselves in a proper manner and should be respectful of the instructor and of fellow students. Common courtesies from all attendees are expected.
Course Topic/Dates/Assignments: Week 1: Chapters 1-3 Introduction to the economic perspective Macro, micro and the economizing problem Efficiency and growth Laws of demand and supply Homework 1Week 2: Chapters 4-6 The market system Private and public sectors Circular flow Week 3: Chapters 7-9 Global economy National income accounting, Economic growth Business cycles Unemployment and inflation Investment and the multiplier Homework 2 Week 4: Chapters 10-11 Consumption and investment schedules GDP and the multiplier Aggregate demand and supply 1 Week 5: Chapter 12 Fiscal policy Stability Week 6: Chapter 13-15 Supply and demand of money Federal reserve and the banking system Money creation Monetary policy Week 7: Chapters 16-17 Extended AD-AS model Phillips curve Economic growth Production possibilities Week 8: Chapters 18-19 Paper due Deficits, surpluses, and debt Economic history Final
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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.
Park University 2006-2007 Undergraduate Catalog Page 89-90
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Last Updated:8/1/2006 8:36:10 PM