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EC 301 Intermediate Macroeconomics
Schleiden, Roger


PARK UNIVERSITY

Course Symbol and Number: EC 301
Course Descriptor: SS
Course Title: Intermediate Macroeconomics
Semester/Term Course Being Taught: Spring 1 2005
Name of Faculty Member: Mr. Roger Schleiden TELE: H: (703) 971-7919
Title of Faculty Member: None
Faculty Office Location: 14151 Park Meadow Drive, 4th Floor, Chantilly, VA 20151
Faculty Office Hours: 08:00 AM – 4:00 PM M-F
Faculty Office Telephone Number: (703) 971-7919 (H) (703) 679-4264 (W)
Faculty Park Email Address: Roger.Schleiden@pirate.park.edu
Other Faculty Email Address: None
Faculty WEB Page Address: None
Dates of the Semester/Term: 12 January 2005 to 12 March 2005
Class Session Days: Wednesday
Class Session Time: 5:00 - 10:00 PM
Site: Ft Myer
Prerequisites: Prerequisite EC141
Credit Hours: 3

PARK UNIVERSITY VISION
Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.
PARK UNIVERSITY MISSION
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.

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 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: EC141. 3:0:3

Faculty's Education Philosophy: The instructor's educational philosophy is to teach the academic material in a manner and at a pace that is conducive to learning for the majority of the class. Information provided will identify base concepts with examples worked to show practical application of concepts to representative real world problems. Students are expected to be active participants in the learning process though interaction in the classroom and preparation for class by performing assigned readings and working assigned problems.

Learning Objectives:
A. Derive and use the Keynesian cross, ISLM and AD-AS models.
B. Explain how the evolution of the monetarist and new-classical theories.
C. Describe how the new Keynesian theory justifies the Keynesian policy prescriptions.
D. Explain the relationship between the government-budget deficit and trade deficit.
E. Explain how national savings determines the trade deficit, not protectionism.
F. Define supply-side economics and discuss how t explains the government-spending deficit.
G. Research and write apaper on a macroeconomics topic.
Course Textbook: Dornbusch, Rudiger & Stanley Fischer, Macroeconomics, 9th ed., (New York, NY: McGraw-Hill, Inc., 1994).
Startz, Richard. Study Guide (New York, NY: McGraw-Hill, Inc.1994)

Prentice Hall Reference Guide To Grammar with Exercises, Harris, 3rd Edition 1997, Prentice Hall

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.
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.
Attendance Policy: Instructors are required to maintain attendance records and to report absences via the online attendance reporting system. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties. 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". A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course. 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. 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.

Late Submission of Course Material: The instructor will not accept assignments late without prior coordination and then only due to justifiable circumstances beyond the control of the student. Assignments turned in late without prior approval will receive a grade of "zero."

Course Assessment: Students are required to read all assigned material and work assigned problems prior to the class meeting for which they are assigned. Students should be prepared to discuss concepts, graphs, problems and current events in class. The final course grade will be determined using the following measurements:
Vehicle Points Percent
EXAMS: 2 at 450 points each 900 90%
CASE STUDY 100 10%
TOTAL 1000 100%

The midterm exam will cover all assigned reading to the end of Chapter 10. The final examination is not cumulative but will include all assigned reading from the end of Chapter 10 to the end of Chapter 20. (Although the final is not cumulative, concepts tested are dependent on concepts and methods taught in Chapters 1 - 10).

Classroom Rules of Conduct: Class Participation is expected and will form a part of the final grade. Students are expected to attend all classes and be on time. Roll will be checked each class meeting. Classes missed for legitimate reasons, such as illness, temporary duty, are excusable; however, the student must notify the instructor (prior to the class to be missed if possible) and make up the missed work as follows: Read and be responsible for assigned readings/course content; Assigned problems must be turned in at the beginning of the next class attended along with the problems for that class - otherwise no credit will be received. If a test is to be missed it must be taken before the scheduled test date. If this is impossible, it must be taken before the class begins the week following the scheduled test date or a grade of zero (0) will be assigned for that exam. It is the student's responsibility to contact the instructor and arrange to take the exam. The final exam must be completed and turned in before 10 PM on 9 Mar 2005.

Disability Statement: 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.

Course Topics/Dates/Assignments:
1. 12 Jan Introduction CHAP 1
National Income Accounting CHAP 2

2. 19 Jan Projects
Financial Markets CHAP 17

3. 26 Jan Growth and Accumulation CHAP 3
Growth and Policy CHAP 4

4. 2 Feb Aggregate Supply and Demand CHAP 5
Aggregate Supply CHAP 6

5. 9 Feb The Anatomy of Inflation and Unemployment CHAP 7
Policy 180 CHAP 8
Income and Spending CHAP 9
Money, Interest and Income CHAP 10

6. 16 Feb International Adjustments and Interdependence CHAP 19
Advanced Topics CHAP 20
MIDTERM CHAP 1-10

7. 23 Feb Money and Fiscal Policy CHAP 11
International Linkages CHAP 12
Consumption and Saving CHAP 13

8. 2 Mar Investment Spending CHAP 14
The Demand for Money CHAP 15
The Fed, Money and Credit CHAP 16

9. 9 Mar FINAL CHAP 11-20

Grading Plan: The following will be used to assign course letter grades:
Vehicle Points %
EXAMS: 2 at 450 points each 900 90%
CASE STUDY 100 10%
TOTAL 1000 100%

A= 93-100%
B= 83-92%
C= 73-82%
D= 72-62%
F= Below 61%

A curve will not be used in grading nor will extra work be accepted for credit. Only extraordinary circumstances warrant a student's being allowed to make up a missed final examination. It is the student's responsibility to contact the instructor before the scheduled exam or by the end of the first working day after the day of the missed exam to request permission to take a make-up exam. In the process of determining whether a make-up exam should be allowed, the burden of proof is on the student. The instructor has the right to request verification of any excuse offered by the student. The student who is denied permission to take a make up exam may appeal immediately to the Academic Director or Resident Center Administrator. The appeal must be made by the end of the first working day after the day of the denial. The appeal will be forwarded immediately to the Assistant Vice President for Extended Learning whose decision will be final.

References:
The Secret Code of the Superior Investor, James K. Glassman, Crown Business, NY. NY. 2002.

The Road to Wealth, Suze Orman, Riverhead Books, NY. NY., 2002.

Of Permanent Value, The Story of Warren Buffet, Andrew Kipatrick, McGraw-Hill, NY. NY. 2001

The Millionaire Next Door, Stanley and Danko, Longstreet Press, Atlanta GA, 1996.

The Wealthy Barber, David Chilton, Prima Publishing, Rockland, CA, 2001.