EC 141 Principles of Economics I (Macro)
S1T 2007 DLG
Hiestand, Thomas W.
Senior Professor of Economics
B.A. Math and Economics, Luther CollegePh.D. Econmics, Kansas State University
9:00 - 10:00 p.m. Monday - Friday and Evenings on Sunday
Evening phone number 701.232.3055
01/09/2009 to 03/05/2006
Textbook: Macroeconomics, McConnell Brue, 16th Edition. Soft cover with DVD, Discover Econ Online and Paul Solman videos. Publisher: McGraw Hill/Irwin ISBN 007298272 1
NOTE the new Text Edition effective April 2004. Students will require the DVD and access to the on-line Discoverecon website that is provided with a new textbook.
Wall Street Journal: The WSJ is an excellent reference for this course. It is available at most libraries, in many offices, and other places. While not required for this course, it will enhance your understanding immeasurably.
Hard copy subscriptions that include the online subscription are available to you as a student at special discounted rates. You can subscribe on-line. Click here to subscribe online! Following this link will let the WSJ folks know you are enrolled as a student in this online course. Delivery will start in a few days and they will bill you directly, usually within 3 or 4 weeks.
Textbooks can be purchased through the MBS bookstore
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Educational Philosophy: My educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, internet, videos, web sites and writings. I will try to engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.
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:
Course-Specific Policies: This course is offered on-line, over the Internet, using the University Online computer service. Students are expected to devote a minimum of five hours per class week logged on to the computer conferencing system - the same amount of time you'd spend in the physical classroom. A class week is defined as the period of time between Monday and Sunday. The first week begins the first day of the semester and ends midnight on Sunday.
Assignments scheduled for completion during a class week should be completed by the Sunday that ends the week. Writing assignments and projects/problems should be completed and successfully submitted so that they are in my hands on the due date. NOTE: Because this is an online course designed to get feedback on assignments to you directly via Internet, you must make prior arrangements with me before submitting a paper via fax or any non-Internet method. If you ever have problems transmitting your assignments to me, contact me immediately, and we'll get the problem solved.
Homework: Weekly assignments must be submitted not later than the Sunday midnight that ends the week. Late homework will not receive full grade credit. Homework not turned by the due date, but which is turned in no more then 7 days late, will receive 1/2 the score it would have received otherwise. Homework not received within 7 days of the due date will not be scored. No work received after the last Saturday of the online term will be scored.
Mid Term Examination: A Mid Term Examination will be admisistered during the fourth week of the class. It will be posted into the eCollege Campus and is to be completed individually and returned to the instructor via the eCollege testing system.
Comprehensive Examination: A comprehensive examination must be taken in person at one of the Park University sites around the country or at an alternative location approved by the University and the instructor where Park University sites are not available. All Park sites are prepared to proctor exams and are the preferred choice. Unless you are more then two hours from a Park site, you are expected to use one of them to take your exam. (Exceptions will be carefully screened as per the directions I receive from the University. If your situation is exceptional, contact me before you submit your proctor form with details of your situation.)
• For these proctored examinations, photo identification is required.
• A proctor information form will be provided by Park at an address to be provided later.
• If you are unable to make arrangements with someone who meets these criteria, contact the instructor for acceptable alternatives.
• A proctor with email is much desired over one without email. Faxing and/or mailing are both relatively expensive, time consuming, and more prone to problems then email. Instructor Response: The Instructor will usually respond to your questions concerning the course within 48 hours of receipt. Response is generally faster during the week and slower on the weekend. Students are responsible for clicking on the link below and thoroughly reading each Online course policy. If you have questions about any of these policies, please contact your instructor for clarification.
The final course grade will be determined using the following measurements:
• Homework Assignments
• Mid Term Exam
• Proctored Comprehensive Final Examination
• Instructor evaluation/class participation which is made up of the following factors:
1. Posting your introduction to the conference during the first week of the course.
2. Weekly discussion activities
3. Having a completed, correct proctor form received and approved by the end of week 4. There will be a link to the proctor form provided in week 1.
4. Attending class each week - meaning being active in the weekly projects.
5. Other course related activities.
The following percentages will be used to assign course grades:
• 90% - 100% = A
• 80% - 89% = B
• 70% - 79% = C
• 60% - 69% = D
• Below 60% = F
The work you do in this class is valued as follows:
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.
Classroom Rules of Conduct:
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.
Definitions Academic dishonesty includes committing or the attempt to commit cheating, plagiarism, falsifying academic records, and other acts intentionally designed to provide unfair advantage to the students.
• Cheating includes, but is not limited to, intentionally giving or receiving unauthorized aid or notes on examinations, papers, laboratory reports, exercises, projects, or class assignments which are intended to be individually completed. Cheating also includes the unauthorized copying of tests or any other deceit or fraud related to the student's academic conduct.
• Plagiarism involves the use of quotation 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 assignments (any portion of such) prepared by another person, or incorrect paraphrasing.
• Falsifying academic records includes, but is not limited to, altering grades or other academic records.
• Other acts that constitute academic dishonesty include: o Stealing, manipulating, or interfering with an academic work of another student or faculty member. o Collusion with other students on work to be completed by one student. Lying to or deceiving a faculty member. Procedure In the event of alleged academic dishonesty, an Academic Dishonesty Incident Report will be submitted to an Online Academic Director who will then investigate the charge. Students who engage in academic dishonesty are subject to a range of disciplinary actions, from a failing grade on the assignment or activity in question to expulsion from Park University. Park University's academic honesty policy and related procedures can be found in full in the 2004-2005 Park University Undergraduate and Graduate Catalogs
Welcome to Macroeconomics (EC 141), on line! This course provides a thorough introduction to the field of economics. This course focuses on the fundamental nature of economics, a study of choice, with economic concepts and the tools needed to be a successful leader in today's global economy. This course provides the student with an understanding of the market system, applicable to the public and private organizations.
Each week we'll focus on two to three chapters in our text, Macroeconomics by McConnell and Brue, Sixteenth Edition. The following is a general guide to our course but you will want to follow the specific instructions in each weekly module.
Week 1: Our objective is to understand economic terms and concepts. We will study the nature and method of economics, the economizing problem and review the construction and interpretation of graphs. The reading assignment for week 1 includes chapters 1 and 2 and the chapter 1 appendix in the text.
Week 2: We will take a look at competitive market models and the important concepts of supply and demand. The reading assignment includes chapters 3 and 4 in the text.
Week 3: We'll learn about important concepts in the United States Economy, both the public and the private sectors. Then we’ll consider the United States in the global economy. The reading assignment for this week includes chapters 5 and 6 in the text.
Week 4: We'll have a Mid Term Exam and learn about key economic concepts. Our topics are economic measurement tools and indices of economic activity as well as economic growth, inflation and unemployment. The midterm exam covers all course materials through chapter 8. The reading assignment are chapters 7 and 8 in the text. Also, your proctor forms are due to be in your instructor's hands this week.
Week 5: We address Keynesian and classical economic theories and the aggregate expenditures model. The reading assignment this week includes chapters 9, 10, and 11 in the text.
Week 6: We consider governmental stabilization policies at work during the business cycle and an introduction to the United States banking system. The reading assignment this week is chapter 12 an 13 in the text.
Week 7: This week we will look at the creation of money by banking institutions and the mechanics of monetary policy. The reading assignment includes chapters 14 and 15 in the text.
Week 8: This will be a busy week. The policy at Park University is for each of you to take a significant, proctored exam during the Eighth week of the class. Unless you are more then two hours from the nearest Park site, you are expected to take the exam at one of the Park sites. We will also review current economic events using concepts that you have learned from the course. There is no additional reading assignment during week 8 but students are encourages to review chapters not assigned earlier in the course.
2. Weekly groupwork activities
3. Weekly discussion activities
4. Having a completed, correct proctor form received and approved by the end of week 4. There will be a link to the proctor form provided in week 1.
5. Attending class each week - meaning being active in the weekly projects.
6. Other course related activities.
• Weekly Assignments 28% of grade 2800 points
• Mid Term Exam 20% of grade 2000 points
• Comprehensive Examination 30% of grade 3000 points
• Weekly Disicussions 16% of grade 1600 points
• Weekly Quiz 6% of grade 600 points
• TOTAL 100% 10000 points
Note that point deductions will be made for nonparticipation and absences.
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:12/16/2006 10:15:21 AM