EC 141 Principles of Economics I (Macro)
S1QQ 2007 HI
Nicholls, Alan V.
Masters in Econometrics (University of Utah)
Before and after class
Jan. 15 to Mar. 11
4:30 - 7:15 PM
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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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's Core 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 20 percent of the student's final grade and will test students' mastery of four Core Learning Outcomes (Outcomes 1, 2, 3, and 4 listed on this syllabus) through definitions, short essay, and graphing questions. For each core outcome, the student should be prepared to draw the relevant graph by hand, define basic concepts or policies, identify relevant shifts in the curves, and state final impacts on relevant variables.
The core assessment is a CLOSED BOOK, CLOSED NOTES exam that must be administered and proctored in the classroom and may not be given as a take-home exam. Students should not have access to the exam or its questions before it is administered. The duration of the exam can be no longer than two hours. No calculators, computers, or materials other than a writing instrument may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam.
Link to Class RubricClass Assessment:
Four homework assignments each worth 5% of the final grade. (100 total points - 25 points each assignment)
The critical paper will be worth 20% of the final grade. (100 points)
Midterm worth 30% of the final grade. (150 points)
Total of 500 points from all graded assignments.
Homework assignments - 5% each. (100 total points - 25 points each assignment)
Paper - 20%. (100 points)
Midterm - 30%. (150 points)
All final exams will be comprehensive and will be closed book and closed notes. 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 Associate Dean.
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
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
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 2006-2007 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
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:12/27/2006 11:07:28 AM