EC 141 Principles of Macroeconomics
S1F 2007 HE
Broome, William J.
MBA, Regis UniversityBA, Western Illinois University
08 January - 11 March 2007
5:00 - 10:00 PM
Economics: Principles, Problems, and Policies by Campbell McConnell and Stanley Brue, 17th Edition, The McGraw-Hill Companies Inc., 2008.
Text Companion Site: http://www.mhhe.com/economics/mcconnell17/
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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As a member of society, it is our duty to learn what we can about the events around us. Economics, you will see, surrounds us in our daily lives. Referring to the Mission Statement above, we must learn to think, analyze, and ask why and how. We must also carry the things we learn through life. You will be surprised at the number of times a small piece of knowledge comes in very useful. We must be able to express ourselves in the written word and speech. With the global society and workplace that we live in today, jobs or divisions can be anywhere. The work you do tomorrow may find its way to some corner of the Earth to benefit others.
The Vision Statement above refers to innovative opportunities, learners, global society, and leadership. We, as life-long learners, should constantly seek knowledge wherever it may be found, and by whomever can teach us. Innovation is at the core of ingenuity. Not all learning is in a classroom. Not all classrooms are in schools. Educational opportunities are the abilities to learn something new.
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:
Assessment of learning will be determined by using the following:
1. Tests: Four (4), these will have multiple choice, true/false, and graph interpretation/analysis. The problems will be similar to those presented in class and provided in the homework assignments. All four will be closed book/closed note tests. The final is comprehensive.
2. Current Events: Each class, students will bring in one (1) article of economic interest. These can be from a newspaper, magazine, business journal, or the Internet. Be able to answer the following two (2) questions:
a. What made this article interesting to you?
b. What is the relevance to our class?
Students will give a brief (2-3 minute) presentation of their current events article to the class.
3. Homework: Each chapter has questions at the end. I will assign some from each chapter that will be due the following class.
4. Class Participation: Each student is expected to attend class and be able to answer questions and participate in open discussions.
The following formula will be used to determine your final grade:
Test #1 15 points A = 90 - 100
Test #2 15 points B = 80 - 89
Test #3 15 points C = 70 - 79
Final exam 20 points D = 60 - 69
Current events 15 points F = 59 and below
Homework 15 points
Class participation 05 points
Total 100 points/100%
Late Submission of Course Materials:
1. Homework assignments are due the following class.
2. If you are absent, or know that you will be, these may be emailed or faxed to me. I will accept late assignments through Tuesday with no penalty. Assignments sent through Friday will have 2 points per day deducted. After Friday a grade of zero will be recorded.
3. If you miss a test night, due to an excused absence, you will need to call or email me and let me know which Park office is most convenient to you. I will send a test to that center and you will have until their closing on the Thursday following the missed class to take it. They will fax it to me. Five (5) points per day will be deducted from the final grade until Thursday. After Thursday, a grade of zero will be recorded for the test.
Classroom Rules of Conduct:
· This class is designed and scheduled to be 5 hours in length. You should be prepared to be here during the entire scheduled time. I know it is a long day; I work full time too.
· Class participation is expected and will form a part of the final grade.
· Students are expected to attend all classes and be on time.
· Students are required to read all material assigned prior to class and apply the material during class discussions, activities, and exercises.
· The student is responsible for providing the instructor with justification for an excused absence, either prior to or immediately after the absence.
· Computers are now an integral part of our educational experience.
· Students must be responsible for planning ahead and meeting deadlines.
· Students will conduct themselves in a professional manner at all times.
· Students are expected to respect other students' opinions and values, even if they disagree with those opinions and values.
· There should only be one person talking at a time. Side bar conversations will not be tolerated.
· Pager/cell phones: If you have to have it on, OK. Otherwise, please turn them off or to vibrate. Please step out of the room to take the call – quickly. I am on call 24/7 and usually carry one. Cell phones are not allowed during tests.
· Food & drink: Keep the room and areas clean. We are guests in the room. Please pick up after yourself and police the room before we leave.
· If I am delayed, I will try to call someone here. If it gets to be 5:30 PM and I am not in class, or called, go ahead and leave.
· Contacting me: The best way to contact me is by email. I do ask that you please type in the subject line, “EC-141” – something that I will recognize as not being Spam. The alternate number on the syllabus is my home number. I have two teenagers who, if they answer the phone, will automatically assume it is for them. I will strive to return your email as quickly as I can. I check my mail several times a day. If you do not hear from me with 24 hours, call me.
· I will return and review tests the following week. Please do not email me for grades.
· Contacting you: I will use your Park Pirate email account. If you have not mastered the Pirate account, I strongly encourage you to. The auto-forward function is very useful.
Class Meeting Schedule
Exams and Assignments Due
1 - Limits, Alternatives, & Choices
2 - The Market System & the Circular Flow
3 – Demand, Supply & Market Equilibrium
Meeting 2 & 7
(most likely TUE 16 Jan)
*Note change of day from Monday to TBD due to the Martin Luther King, Jr. Holiday
4 –The US Economy: Private & Public Sectors
5 – The U.S. in the Global Economy
6 – Measuring Domestic Output & National Income
1. Current events
2. Homework questions for chapters 1 - 3
7 – Intro to Economic Growth & Instability
8 – Basic Macroeconomic Relationships
9 – The Aggregate Expenditures Model
Test # 1 (1-6)
2. Homework questions for chapters 4 - 6
10 – Aggregate Demand and Aggregate Supply
11 – Fiscal Policy, Deficits, & Debts
Review Homework Review Test #1
2. Homework questions for
chapters 7 – 9
*Note change of day from Monday to Tuesday due to the Labor Day Holiday
12 – Money and Banking
13 – Money Creation
Test #2 (7 – 11)
2. Homework questions for chapters 10 & 11
14 – Interest Rates & Monetary Policy
15 – Extending the Analysis of Aggregate Supply
Review Test # 2
2. Homework questions for chapters 12 & 13
(most likely TUE 20 Feb)
*Note change of day from Monday to TBD due to the President's Day Holiday
16 – Economic Growth
17 – Disputes over Macro Theory & Policy
(12 – 15)
2. Homework questions for chapters 14 & 15
35 – Internatinoal Trade
36 - Exchange Rates, Balance of Payments & Trade Deficits
Review Test # 3
2. Homework questions for chapters 16 & 17
1. Current events
2. Homework questions for chapters 35 & 36
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:11/28/2006 4:28:27 PM