EC 141 Principles of Macroeconomics
F2DD 2006 DC
Smith, Joseph D.
Adjunct Professor, Economics
B.A., Economics, B.A., Management, The Marietta CollegeM.B.A., The University of Dayton
DSCC, Bldg. 20, 3rd Floor, Pod A, Office A342S
7:00 AM-3:30 PM, M-F, or anytime via phone or email
eCollege, with scheduled class meetings 11/3-11/5 and 12/15-17
8:00 - 5:45 PM
McConnell, Macroeconomics-W/DVD, 16th Edition, 2005, McGraw-Hill. ISBN 0072982721 (Paperback)
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional handouts will be distributed in class and via email, as applicable.
Students are also encouraged to read publications such as The Economist and Wall Street Journal to keep up on current events, which will be discussed in class.
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Educational Philosophy: Macroeconomics is everywhere around us. Decisions we make daily reflect our understanding of basic macroeconomic concepts. This class will show you what you already know, and hopefully introduce new topics that will aid you in your understanding of the economic world you live in. Class will consist of readings and lectures, and will also include videos, web sites, and posted writings to aid in this understanding. Your input and participation is crucial--you control what and how much you learn in this type of setting.
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:
One mid-term and one final examination will be administered. The final exam will be given according to the core asessment criteria. In addition to these exams, readings will be assigned. Quizzes may also be given if the professor feels these quizzes are needed to aid the student in grasping certain topics. The quizzes will not represent a part of the student's grade, but rather will be used to assist the student in preparing for the examinations.
Two examinations will be administered. The first serves as the mid-term and represents 25% of the student's final grade (100 points). The second serves as the final examination and represents 75% of the student's final grade (200 points).
The grade structure (%) is as follows:
90-100: A 80-89: B 70-79: C 60-69: D
(59% or lower represents a failing grade)
Late Submission of Course Materials:
Unless previously discussed with the professor and accepted, late submissions of course material will not be accepted.
Classroom Rules of Conduct:
Participation is crucial, and is expected. A major part of learning is preparing for class. Students are assigned to complete the assigned reading so that they may gain as much out of the discussion as possible. A class in which only the professor speaks is a very boring class!
Students must also respect those around him or her. Much can be learned from listening to colleagues and their insights. Respect, courtesy, and professional are essential to a quality learning environment. Anything less is unacceptable.
Weeks 1 and 2: An Introduction to Economics and the Economy (Chapters 1-6). Read the chapters for background information. Notes and important topics will be distributed in note form prior to class.
Weeks 3 and 4: Macroeconomic Measurement and Basic Concepts (Chapters 7-9).
Mid-term examination over Week 1-4 material
Week 5: Macroeconomic Models and Fiscal Policy (Chapters 10-12)
Week 6: Money, Banking, and Monetary Policy (Chapters 13-15)
Week 7: Long-Run Perspectives and Macroeconomics Debates
Week 8: Review of Week 1-4 material for understanding
Final examination over Week 5-7 material
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:10/4/2006 7:29:10 AM