Syllabus Entrance
Printer Friendly
Email Syllabus

EC 301 Intermediate Macroeconomics
Cuartas, Sergio


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 301 Intermediate Macroeconomics

Semester

S1T 2007 DLB

Faculty

Cuartas, Sergio

Title

Senior Instructor

Degrees/Certificates

MBA (Economics & Finance)

Office Location

12412 Tierra Nogal, El Paso, TX 79938

Office Hours

Generally Early mornings during the week

Daytime Phone

915 727 6626

Other Phone

915 855 8236

E-Mail

sergio.cuartas@pirate.park.edu

Semester Dates

1/15/07 to 3/11/07

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:

A. Gordon, Macroeconomics. 10th ed. ISBN: 0-321-27880-1. TBD

B. Soule, Intermediate Macroeconomics Supplement for Internet Course. (Hereinafter IMS)  ISBN 007-235019-9 

C. Hacker, Diana. Rules for Writers, (Strongly recommended manual on APA Style.)

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

The Following Print Sources are known for correctly using economic analysis.  Additionally, these sources are aimed at the undergraduate non-economics major.

Wall Street Journal.  (Available by semester subscription, which includes on-line version).

The Economist (This is a monthly magazine similar in appearance to Newsweek or Time.)

Journal of Economic Literature (Has excellent survey articles with numerous references.)

Journal of Economic Perspectives (Has several articles on a common topic in each issue.)

National Review (This is a conservative magazine that includes excellent economic analysis.)  

These Internet Sources are particularly appropriate for Term Paper Research

Economics Web Resources (WebEc)                 www.helsinki.fi/WebEc/WebEc.html

Federal Reserve System Information                    www.FederalReserveEducation.org

Gordon Text Website  (Requires access code)        http://www.awlonline.com/gordon 

National Bureau of Economic Research                                              www.nber.org

OMB Web Page (Fed Budget)          http://www.access.gpo.gov/usbudget/index.html

US Federal Gov Agency Page, LSU Library          www.lib.lsu.edu/gov/fedgov.html

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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 the 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: EC 141. 3:0:3

Educational Philosophy:

To engage students in discussion of practical problems and to put concepts into prospective.
In this course, you are encouraged to learn from each other. Frequently, I will encourage you to discuss assignments with other students. I want you to have the opportunity to learn from every possible source. These sources include: the text, the information posted by me in the threads, and most importantly, I want you to learn from each other. Remember that part of your grade is based on your sharing questions and answers with each other.
 

Learning Outcomes:
  Core Learning Outcomes

  1. Explain the evolution of the monetarist and new classical theories.
  2. Describe how new-Keynesian theory justifies the Keynesian the Keynesian policy prescriptions.
  3. Explain the relationship between the government budget deficit and the trade deficit.
  4. Explain how national savings determines the trade deficit, not protectionism.
  5. Define supply-side economics and discuss how it explains the government spending deficit.
  6. Analyze graphically the AD-AS model, the Keynesian cross, and the IS-LM model. Identify all relevant curves and causes for shifts in the curves.


Core Assessment:
Write a paper analyzing the different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability. Examine the impact of persistent budget deficits on the trade deficit and analyze the options available to policy makers when national savings presents opportunities to improve the trade deficit. Appraise the position of supply-side economists as it relates to government deficits. Evaluate recent national economic policies as they relate to the magnitude of the trade deficit and analyze the arguments for protectionist policies and the effect, if any, upon the trade deficit.

Link to Class Rubric

Class Assessment:

Grading Criteria – 
Evaluation Item Points

Course Participation

100

Weekly

Homework

120

Weekly

Term Paper Topic

30

Week 2

Open-Book, MID-TERM TEST

150

Week 4

Term Paper Proposal and References

150

Week 5

Term Paper

150

Week 7

PROCTORED FINAL EXAM

300

Week 8

TOTAL

1000

 

Grading:

  • Grading Policy

Grading Criteria – 
Evaluation Item Points

Course Participation

100

Weekly

Homework

120

Weekly

Term Paper Topic

30

Week 2

Open-Book, MID-TERM TEST

150

Week 4

Term Paper Proposal and References

150

Week 5

Term Paper

150

Week 7

PROCTORED FINAL EXAM

300

Week 8

TOTAL

1000

 

You must pass the Proctored Final Exam with 60% or higher in order to pass the course.  The Final Exam will be closed book and closed notes.  Course Participation includes participation in the Conference Area threaded discussions.

Grading Scale:  A = 90-100, B = 80-89, C = 70-79, D = 60-69, F = 0-59.  

  • Final examination - A comprehensive examination will be taken in person during the 8th week of instruction. If you are within an hour's drive of a Park University Campus, a proctor from that campus will be provided for you. If you are not within an hour's drive of a Park Campus, the Proctored Final must be taken at an alternative location that is approved by the University. In this case, the student must arrange for a proctor who is accepted and approved by the instructor.  Guidelines for selecting an acceptable proctor can be found at the Park University website.

Homework will be assigned during the course in the thread for each week.  Homework will be due on the following Monday.  Homework is intended to prepare the student for the final 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.

The Proctored final exam for online courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The proctored final exam must address only material which the student has been taught in class.

Late Submission of Course Materials:
Late turn in of course work will only be accepted at the instructor's discretion and IT WILL HAVE POINT DEDUCTIONS.

Classroom Rules of Conduct:

See academic Honesty...

Course Topic/Dates/Assignments:

Derive and use the Keynesian cross, IS-LM, and AD-AS models.

- Use the fiscal multiplers to determine the change in Y, given a change in G.

- Use the monetary multipliers to determine the change in Y for a change in MS.

-  Explain how monetarist and new-classical theories have evolved.

- Discuss how the new-Keynesian theory justifies and clarifies the Keynesian policy prescriptions.

-  Explain the interrelationship between the government-budget deficit and the trade deficit.

-  Describe how national savings determines the trade deficit, not tariffs or other protectionism.

-  Define the government-spending deficit and explain how it relates to supply-side economics.

-  Research and write a macroeconomics term paper.

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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

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

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluation: Judge the relative worth of information based on prior knowledge                                                                                                                                                                               
Outcomes
1, 3, 4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
Provided 5 or more comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 3 to 5 comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 1 to 3 comparisons regarding macroeconomic theoretical concepts. Provided no economic comparisons regarding macroeconomic theoretical concepts. 
Synthesis: Incorporate parts of an issue to arrive at an appropriate solution.                                                                                                                                                                             
Outcomes
2, 3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Applied detailed course content to answer the question and presented the steps in a logical manner. Applied adequate course content to answer the question and presented the steps in a logical manner. Applied minimal course content to answer the question. Applied no course content to answer the question. 
Analysis: The ability to understand the component parts of information and its organization                                                                                                                                                                
Outcomes
2, 3, 4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
Identified  at least 5 theoretical components and flawlessly analyzed macroeconomic concepts from the course content to answer the question. Identified 3 to 5 theoretical components and adequately analyzed macroeconomic concepts from the course content to answer the question. Identified 1 to 3  theoretical components and minimally analyzed macroeconomic concepts from the course content to answer the question. Did not identify any theoretical components and provided no analysis of macroeconomic concepts to answer the question. 
Application: Use principles from the discipline as they relate to the Core Learning Outcomes.                                                                                                                                                              
Outcomes
2, 3, 4, 5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Exhibits thorough knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits moderate knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits minimal knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits no evidence of knowledge of the course content. 
Content of Communication: Grammar, punctuation, spelling, typing, sentence structure, and readability                                                                                                                                                      
Outcomes
Park Mission Statement: communicate effectively                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Exhibits excellent command of grammar, punctuation, spelling, typing, sentence structure, and readability.

0 to 5 errors

 
Exhibits good   command of grammar, punctuation, spelling, typing, sentence structure,
and readability.

6 to 10 errors

 
Exhibits adequate command of grammar, punctuation, spelling, typing, sentence structure,
and readability.

11 to 15 errors

 
Exhibits minimal
command of grammar, punctuation, spelling, typing, sentence structure, and readability.

More than 15 errors

 
Technical Skill in Communicating: format items to include adherence to MLA standards, paper length, Works Cited, and internal documentation.                                                                                                               
Outcomes
Park Mission Statement: communicate effectively                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
0 to 3 errors 4 to 7 errors 8 to 10 errors More than 10 errors 
Disciplinary Competence: appropriate use of terminology.                                                                                                                                                                                                   
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Uses terminology flawlessly to compose responses to questions.

No more than 3 errors
 
Uses terminology adequately to compose responses to questions.

No more than 7 errors
 
Uses terminology minimally to compose responses to question.

No more than 10 errors
 
Uses no terminology to compose responses to question.

More than 10 errors
 
Disciplinary Competence: appropriate use of data.                                                                                                                                                                                                          
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Incorporates the use of data flawlessly, when appropriate, to compose responses to questions. Incorporates the use of data adequately, when appropriate, to compose responses to questions. Incorporates the use of data minimally, when appropriate, to compose responses to questions.
 
Uses no data to compose responses to questions. 

Copyright:

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

Last Updated:12/30/2006 7:57:06 AM