EC 141 Principles of Economics I (Macro) SC
S1R 2007 SC
John R. Thompson
Masters of Science (M.S.) in Policy Analysis with Electives in Money & BankingBachelor of Arts (B.S.) in Economics with Concentration in Finance
Scott Air Force Base, Education Center
Available as needed via telephone and email formats. Face-to-face meetings by advance appointment.
(618) 980-1398 (Cell Phone)
January 9, 2007 - March 1, 2007
Tuesday and Thursday evenings
5:00 PM - 7:30 PM
Textbook: Economics: Principles, Problems and Policies; McConnell, Campbell R. and Brue, Stanley L., 17th Edition, 2006, McGraw-Hill Irwin Publishing.
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: Supplemental resources and publications: The Wall Street Journal, The Economist, St. Louis Post-Dispatch. Relevant websites delineated below:
McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.Career Counseling - The Career Development Center (CDC) provides services for all stages of career development. The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Educational Philosophy: The instructor's educational philosophy is one premised on a belief in interactive learning between and amongst students and the instructor using both traditional and contemporary means and formats, including lectures and discussions, quizzes and examinations, internet and website explorations, and written and oral presentations. The instructor has a responsibility to create a learning environment where students are engaged to explore critical economic ideas, issues and problems.
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:
Final grade will be determined and calculated based on the following tasks and evaluation methods, in which there are a maximum of 500 points over the class term.
1. Two (2) closed-book examinations*: 200 total points (40%), representing 100 points per exam
2. One (1) open-book knowledge assessment: 150 points (30%)
3. Attendance/Participation: 25 points (5%)
4. Homework: 25 points (5%)
5. Research Paper: 100 points (20%)
* NOTE: Includes a comprehensive final exam which is not a take-home exam, and which is both closed-book and closed-notes.
GRADING SCALE: A 90% - 100% 450 - 500 Points B 80% - 89% 400 - 449 Points C 70% - 80% 350 - 399 Points D 60% - 70% 300 - 349 Points F Below 60% Fewer than 300 Points and/or three (3) or more unexcused absences from class.
Grading: This course will have a total of five hundred (500) possible points. Total points will be allocated along the following basis: exams (200 pts), knowledge/skills assessment (150 pts) attendance/participation (25 pts), homework completion (25 pts) and research paper (100 pts).
Late Submission of Course Materials: Any and all assignments with a definitive due date must be turned in on or before the due date(s). There will be no exceptions to this policy.
Classroom Rules of Conduct: Students are expected to attend all scheduled classes unless previously excused by the instructor. Punctuality and promptness are necessary to assure an orderly start and finish to every session. Students are expected to conduct themselves in a positive and constructive manner during class. Given the accelerated nature of the course, it is imperative that students have completed all reading and homework assignments prior to class, and be prepared for the scheduled activities and content discussion as delinated and assigned within this syllabus. Homework assignments are to be completed as of the due date.
August 22nd and 24th: Introductions, expectations, and overview of course syllabus. Delineate the foundational concepts and premises a/k/a "setting the table". The nature and method of economic inquiry; the economic "problem". An introduction to the market system. The circular flow diagram.
August 29th and 31st: Supply and demand analysis, the operation of markets and the role of price in resource allocation. The Production Possibility Frontier model. Supply/Demand analysis applications. The Market System vs. Central Direction.
September 5th and 7th: The Respective Roles of the Private and Public Sectors in the U.S. Economy. The Role of the United States in the global econoomy. An Introduction to Gross Domestic Product (GDP). First Exam.
September 12th and 14th: Defining, measuring and evaluating GDP and related concepts. Expenditure and Income approaches ("2 sides of the coin") to GDP. Discussion of The Big Three: Economic Growth, Inflation and Unemployment.
September 19th and 21st: Basic Macroeconomic Relationships. Aggregate Demand and Aggregate Supply. The AS-AD Model of the Macroeconomy.
September 26th and 28th: The Role of Money and Banking in the U.S. Financial System and the American economy.
October 3rd and 5th: Economic Policy-Making: Fiscal and Monetary Policy. The Role of the U.S. Congress, U.S. President and the Federal Reserve System in the U.S. economy.
October 10th and 12th. Exploring the causes and effects of economic growth. Government Spending's Impact on the U.S. economy. The impact of public debt on the financial markets and the "real" economy.
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 87-89In addition, academic dishonesty refers, but is not limited, to the following: the act of plagiarism (see definition below) in connection with any work required to be performed only by the individual student, and any behavior or act in connection with the taking of an examination deemed by the instructor and Park University as cheating. If it is reported and conclusively determined that academic dishonesty has occured, the subject student will be given a grade of "F" for the course. This policy will be followed in all cases and under all circumstances.
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:12/7/2006 4:18:42 PM