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EC 141 Principles of Macroeconomics
Sanford, Jack R.


Mission Statement: 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.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

EC 141 Principles of Macroeconomics

Semester

U1HH 2007 PA

Faculty

Sanford, Jack R.

Class Days

---W---

Class Time

5:30 - 10:30 PM

Credit Hours

3


Additional Resources:

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
A study of the contemporary American economy; the role of investment, consumption, and government on income determination; and an analysis of the foreign sector. Emphasis is on contemporary problems: unemployment, inflation, and growth. 3:0:3

Learning Outcomes:
  Core Learning Outcomes

  1. Graph supply and demand in a single graph, define basic items or concepts related to the graph, and use the graph to explain the process by which a good's equilibrium price and quantity are attained.
  2. Graph the short-run aggregate demand-aggregate supply model (assuming the economy is in the expansionary phase of the business cycle) in a single graph and define basic items or concepts related to the graph. Define cost-push inflation and demand-pull inflation. Use the graph to identify shifts in the AD/AS curves reflecting the two types of inflation, and identify subsequent changes in the price-level and real output.
  3. Define expansionary and contractionary fiscal policies, including the means by which they are achieved. Use the graph of the aggregate demand-aggregate supply model drawn in Learning Outcome #3 to identify shifts in the AD/AS curves and subsequent impacts of these policies on real output and the price level.
  4. Define tight and easy monetary policies, including the Federal Reserve tools used to achieve them and when each type of policy would be appropriate. Use the graph of the aggregate demand-aggregate supply model drawn in Learning Outcome #3 to identify shifts in the AD/AS curves and subsequent impacts of these policies on real output and the price level.
  5. Use the circular flow model to explain why Gross Domestic Product can be measured either through the income or expenditures approach.


Core Assessment:

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. This exam is worth 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through short essay Tools and Methods of Economics questions, Graphical Problems in he Communications section, and Critical Thinking short-answer 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 Rubric

Grading:

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.

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.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. 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 "W".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. 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.
  6. 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.

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 .

Additional Information:



   

   
   
       
           
               
               
           
           
               
               
           
       
   

               
               

               
                   
                       
                           
                           
                       
                   
               

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                           EC 141 Principles of Macroeconomics
Sanford, Jack R.

                           

This is a preview syllabus and has NOT been submitted.


                           

A program coordinator can not approve this syllabus until the faculty member has clicked save and submit.


                           

                           


                           

                           Mission Statement: 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.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.
                           

                           
                               
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                                   
                                       
                                       
                                   
                               
                           

                                       

Course


                                       

                                       

EC 141 Principles of Macroeconomics


                                       

                                       

Semester


                                       

                                       

U1HH 2007 PA


                                       

                                       

Faculty


                                       

                                       

Sanford, Jack R.


                                       

                                       

Degrees/Certificates


                                       

                                       

Instructor Dr. Sanford has graduated from Air War College, Air Command and Staff College, Bliss College, the University of the State of New York, Industrial College of the Armed Forces, The Ohio State University, Urbana University, and has earned Graduate Degrees from the University of Southern California, California Western University and Central Michigan University. Dr. Sanford attended the University of Maryland; the Institute for Advanced Technology; Intelligence Officer School; Hand, Shoulder and Base Defense Weapons Course; Data Systems School; Armament Electronic School; and many other resident schools, courses and classes. Professor Sanford has taught Graduate Courses at Capital University and hundreds of undergraduate courses for several colleges and universities. Colonel Sanford, United States Air Force, Retired, was involved in national and organizational security and is also retired from the State of Ohio Bureau of Criminal Identification and Investigation, and is a State of Ohio Licensed Private Investigator and consulting detective specializing in financial intermediaries and the construction industry. He has taught over 250 economics courses and over 100 economics courses for for Park University.


                                       

                                       

Office Location


                                       

                                       

Building 50, Wright-Patterson Air Force Base, Ohio


                                       

                                       

Office Hours


                                       

                                       

By appointment, Call anytime to 614-760-0663 for appointment


                                       

                                       

Daytime Phone


                                       

                                       

614-760-0663


                                       

                                       

E-Mail


                                       

                                       

jack.sanford@park.edu


                                       

                                       


                                       

                                       

jrs1476@yahoo.com


                                       

                                       

Semester Dates


                                       

                                       

May 28, 2007 to July 29, 2007


                                       

                                       

Class Days


                                       

                                       

---W---


                                       

                                       

Class Time


                                       

                                       

5:30 - 10:30 PM


                                       

                                       

Credit Hours


                                       

                                       

3


                                       

                           

                           

Textbook:

                           

PRINCIPLES OF MACROECONOMICS, 8TH EDITION, CASE AND FAIR

                           

Textbooks can be purchased through the MBS bookstore
                           

Textbooks can be purchased through the Parkville Bookstore
                           

Additional Resources:

                           


                           

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


                           
Course Description:
A study of the contemporary American economy; the role of investment, consumption, and government on income determination; and an analysis of the foreign sector. Emphasis is on contemporary problems: unemployment, inflation, and growth. 3:0:3
                           

Learning Outcomes:
  Core Learning Outcomes

                           


                                   
  1. Graph supply and demand in a single graph, define basic items or concepts related to the graph, and use the graph to explain the process by which a good's equilibrium price and quantity are attained.
                                   
  2. Graph the short-run aggregate demand-aggregate supply model (assuming the economy is in the expansionary phase of the business cycle) in a single graph and define basic items or concepts related to the graph. Define cost-push inflation and demand-pull inflation. Use the graph to identify shifts in the AD/AS curves reflecting the two types of inflation, and identify subsequent changes in the price-level and real output.
                                   
  3. Define expansionary and contractionary fiscal policies, including the means by which they are achieved. Use the graph of the aggregate demand-aggregate supply model drawn in Learning Outcome #3 to identify shifts in the AD/AS curves and subsequent impacts of these policies on real output and the price level.
                                   
  4. Define tight and easy monetary policies, including the Federal Reserve tools used to achieve them and when each type of policy would be appropriate. Use the graph of the aggregate demand-aggregate supply model drawn in Learning Outcome #3 to identify shifts in the AD/AS curves and subsequent impacts of these policies on real output and the price level.
                                   
  5. Use the circular flow model to explain why Gross Domestic Product can be measured either through the income or expenditures approach.

  6.                            

                           

Core Assessment:

                           

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. This exam is worth 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through short essay Tools and Methods of Economics questions, Graphical Problems in he Communications section, and Critical Thinking short-answer 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 Rubric

Class Assessment: Each student must pass the comprehensive final examination with a 60% or better to pass the course, regardless of previous work.

                           


                           

Term Paper - The Term Paper will be typewritten, 7 to 10 pages, concerning the identification, examination, discussion, opinion, and/or any conclusion concerning any economic topic. The Term Paper will be 15% of the class grade, and will be graded on your understanding, interpretation and comprehension of the selected economic subject. The Term Paper should be typed on plain white paper and stapled together without a binder or cover of any kind. The Term Paper can be turned in prior to the date due. The grade will be reduced one letter grade for each class that it is late.

Term Paper Presentation - The Term Paper will be presented to the class in an oral presentation. Please do not read the paper to the class. Present the paper in any fashion comfortable to you. You may use notes, charts, handouts, overheads, power point, or any other fitting utility that you wish. The Term Paper Presentation will be 10% of the grade and will be graded on your knowledge and presentation of your chosen subject. The presentation of the Term Paper will be limited to not more than ten (10) minutes and may be presented prior to the due date. The grade will be reduced one letter grade for each class that the Term Paper is late.


                           
                           

The comprehensive final is not a take home test. It is a closed book and closed notes exam.


                           

                           


                           

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.


                           

                           

Grading:

                           


                           

Midterm examination = 20 points which is 20% of the total grade. The midterm is not a take home test. It is a closed book and closed notes in-class examination.


                           

Final Examination = 20 points which is 20% of the total grade. The comprehensive final is not a take home test. It is a closed book and closed notes in-class examination.


                           

Quiz # 1 = 15 points which is 15% of the total grade


                           

Quiz # 2 = 15 points which is 15% of the total grade


                           

Term Paper = 15 points which is 15% of the total grade


                           

Term Paper Presentation = 10 points which is 10% of the total grade


                           

Class Participation = 5 points which is 5% of the total grade.


                           

A= 100-90, B=89-80, C=79-70, D=69-60, F=59 and below


                           

                           


                           

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.


                           Late Submission of Course Materials:

                           
Late Submission of Course Materials: - Students will be expected to prepare for class by reading all assignments prior to class, participating in class discussions, writing the Term Paper and presenting it to the class, taking all of the quizzes, tests and examinations on time, do all the homework, and arrive to class on time and stay until the end of the class. Grades will be reduced 5% for each unexcused absence. Assignments are reduced one letter grade for each class that they are late.

                           

Classroom Rules of Conduct:

                           


                           

Classroom Rules of Conduct:

                           

Housekeeping - No food, smoking or alcoholic beverages are permitted in the classroom at any time.


                           
                           

Questions - In economics and business, there are very few "dumb" questions, so ask whenever a thought is not clear, further definition is desired, or uncertainty of any kind exists. Always ask.


                           
                           

Quizzes and Examinations - Will be multiple choice, true-false, short answer, essay, identification, or any combination of the above. All questions asked will be covered in the text or in class, and most always in both.


                           
                           

Class situations - Governed by the Park University Catalog and the Course Syllabus.


                           

 


                           

                           

Course Topic/Dates/Assignments:

                           

Class 1 - Chapters 1 - 4.

                           
Class 2 - Chapters 5 - 7 .

                           
Class 3 - Quiz # 1 over Chapters 1 - 7.

                           
Class 4 - Review of quiz # 1. Chapters 8 - 11 Review for midterm examination.

                           
Class 5 - Review and administration of midterm examination.

                           
Class 6 - Review of midterm examination. Papers and presentation due. Chapters 12 - 16.

                           
Class 7 - Chapters 17 - 19, Quiz # 2.

                           
Class 8 - Review of quiz # 2. Chapters 20 - 23.

                           
Class 9 - Review for final examination. Evaluation of the course. Administration of the final examination. Chapters 1 - 23.

                           


                           

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.


                           

                                   
  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
                                   
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
                                   
  3. 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 "W".
                                   
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
                                   
  5. 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.
                                   
  6. 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.

  7.                            

                           

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 .

                           



Rubric
                           


                               
                                   
                                       
                                       
                                       
                                       
                                       
                                   
                                   
                                       
                                       
                                       
                                       
                                       
                                   
                                   
                                       
                                   
                                   
                                       
                                       
                                       
                                       
                                       
                                   
                                   
                                       
                                   
                                   
                                       
                                       
                                       
                                       
                                       
                                   
                               
                           
Competency Exceeds Expectation (3) Meets Expectation (2) Does Not Meet Expectation (1) No Evidence (0)
Critical Thinking                                                                                                                                                                                                                                          
Outcomes
Short answer questions with a Maximum value of 88 Points                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Nearly all causes or processes of economic phenomena are perfectly identified and stated. (79 points or more of 88 points)  Most causes or processes of economic phenomena are correctly identified and stated. (61 to78 points of  88 points)  Most causes or processes of economic phenomena are not correctly identified and stated. (44 to 62 points  of 88 points)  No causes or processes of economic phenomena are stated clearly. (43 to 0 points of  88 points) 
Effective Communication                                                                                                                                                                                                                                    
Outcomes
Graphical Problems and completion of Graphs with a maximum value of 140 points.                                                                                                                                                                                                                                                                                                                                                                                                                                      
All definitions of curves or items identified on graphs are stated nearly perfectly.  (126  points or more of 140 points)  Most definitions of curves or items identified on graphs are stated correctly. (98 to 125 points of 140 points)  Most definitions of curves or items identified on graphs are not stated correctly. (70 to 97 points of 140 points)  No definitions of curves or items on graphs are stated clearly.
(0 to 69 points of 140 points)
 
Tools and Methods of Economics                                                                                                                                                                                                                             
Outcomes
This examines tools and methods of economic analysis using short essay questions with a maximum value of 72 points.                                                                                                                                                                                                                                                                                                                                                                                                  
All definitions of are stated nearly perfectly.  (65 points or more of 72 points)  Most definitions are stated correctly. (98 to 125 points of 72 points)  Most definitions are not stated correctly. (70 to 97 points of 72 points)  No definitions are stated clearly.
(0 to 69 points of 72 points)
 

                           

Copyright:


                           This material is protected by copyright and can not be reused without author permission.
                           

Last Updated:5/18/2007 1:41:17 PM


                           

               

               
 

   




Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Critical Thinking                                                                                                                                                                                                                                          
Outcomes
Short answer questions with a Maximum value of 88 Points                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Nearly all causes or processes of economic phenomena are perfectly identified and stated. (79 points or more of 88 points) Most causes or processes of economic phenomena are correctly identified and stated. (61 to78 points of  88 points) Most causes or processes of economic phenomena are not correctly identified and stated. (44 to 62 points  of 88 points) No causes or processes of economic phenomena are stated clearly. (43 to 0 points of  88 points) 
Effective Communication                                                                                                                                                                                                                                    
Outcomes
Graphical Problems and completion of Graphs with a maximum value of 140 points.                                                                                                                                                                                                                                                                                                                                                                                                                                      
All definitions of curves or items identified on graphs are stated nearly perfectly.  (126  points or more of 140 points) Most definitions of curves or items identified on graphs are stated correctly. (98 to 125 points of 140 points) Most definitions of curves or items identified on graphs are not stated correctly. (70 to 97 points of 140 points) No definitions of curves or items on graphs are stated clearly.
(0 to 69 points of 140 points)
 
Tools and Methods of Economics                                                                                                                                                                                                                             
Outcomes
This examines tools and methods of economic analysis using short essay questions with a maximum value of 72 points.                                                                                                                                                                                                                                                                                                                                                                                                  
All definitions of are stated nearly perfectly.  (65 points or more of 72 points) Most definitions are stated correctly. (98 to 125 points of 72 points) Most definitions are not stated correctly. (70 to 97 points of 72 points) No definitions are stated clearly.
(0 to 69 points of 72 points)
 

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:6/7/2007 9:35:12 AM