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EC 301 Intermediate Macroeconomics
Anzalone, Jono A


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

S1J 2008 DN

Faculty

Jono A. Anzalone, M.S.

Title

Adjunct Faculty

Degrees/Certificates

M.S. Economics, University of Nebraska
B.A. Political Science, Creighton University

Office Hours

As Needed

Daytime Phone

816-308-8950

E-Mail

jono.anzalone@park.edu

janzalone@mccneb.edu

Web Page

www.park.edu (see the online class board for supplemental material)

Semester Dates

January 15th - March 4th 2008

Class Days

--T----

Class Time

5:30 - 9:50 PM

Prerequisites

EC141 Principles of Econ I (macro). MA131 College Algebra recommended

Credit Hours

3


Textbook:

 Mankiw, Gregory; Macroeconomics w/ Student Study Guide, 6th Ed. (ISBN 0-7167-8517-X).
         Companion Website:  

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Mankiw Companion Website      http://bcs.worthpublishers.com/mankiw6/default.asp?s=&n=&i=&v=&o=&ns=0&uid=0&rau=0

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:
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.

Educational Philosophy:

Teaching is a delicate mix of both art and science. The most successful teachers, that is, those who make a defined difference in the lives of students, realize that memorization of class material is not a sufficient benchmark for success.

As a teacher, I strive to apply the learn, do, teach methodology in the classroom.  Richard Bach said "learning is finding out what we already know. Doing is demonstrating that you know it.  Teaching is reminding others that they know just as wee as you.  We are all learners, doers, and teachers."  I feel that it is important for students to learn the objectives setout for the course, but just as important is for the student to "do" or apply the objective.  In the classroom setting, this can be accomplished many ways, including research based projects, simulations, and exercises.  The teaching aspect of learn, do, teach, allows students to apply the information they learned and did to a teaching model.  This can be done via in class presentations, mini-lectures, or other pedagological methods.

Inherent in my teaching method is an application of real-life bridging of learning matter.  In classes such as economics, students often have a difficult time developing a frame of reference if they have limited exposure to the business/work world.  Therefore, I attempt to bridge the academic concepts presented in terms that are understandable and enabling the student to relate.

In summary, my teaching method is more than just memorization lecture.  My teaching attempts to encompass time proven strategies to heighten students experiences.

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:

Weekly Quizzes:  Students willcomplete the Chapter Quiz located on the course textbook companion website for each chapter covered during the course, prior to the start of the class in which the chapter is covered.  Students will email the professor that they have completed the quiz no later than the start of class for full consideration. 

Exams: There will be a 2-hour Midterm Exam, and a 4-hour comprehensive Final Exam. Exams will consist of multiple choice, short answer, diagram, and short essay questions. Exam content will be based upon textbook readings,  classroom lectures, handouts, and homework problems. 

Homework:  Students will be assigned several sets of homework.   Homework will be made following coverage of the material during lecture, and completed problems shall be due no later than the start of the next class for full credit.

Term Paper:  Students will prepare a Term Paper in order to comply with the course Core Assessment.   The Term Paper assignment consists of: (1) describing a macroeconomic problem (see Core Assessment section for specific topics) which is currently being discussed and debated as a current event, (2) utilizing the macroeconomic theory covered in the course to analyze and provide a solution or policy recommendation, and (3) submitting a 5 to 7-page paper (1,200 to 2000 words) summarizing your efforts. You will be required to research and utilize at least three (3) peer-reviewed journal articles (preferably more) in order to justify your analysis and recommendations. The written report will comply with MLA format.   The Learning Rubric contained at the end of this syllabus shall be used as the standard to assess student performance on the Term Paper.

Grading:

Chapter Quizzes                        10%
 
Homework Problems                 10%

Term Paper                               30%

Midterm Exam                          15% 

Final Exam                                35%
 
 

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. 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 Dean of the School of Business and Management.

Late Submission of Course Materials:
I will treat you as if you are an employee of an international economic consulting firm and I am the CEO of the company. How many days can you call in sick, not show up for work, or play hooky and still retain your job?  As the CEO, I will not allow for late submission of course material.  Very few circumstances are unavoidable with proper planning.  Plan ahead to succeed!

Classroom Rules of Conduct:

 

Course Topic/Dates/Assignments:

Week

Topic

Chapters

 

 

 

 

1

Course Introduction

 

Syllabus

Science of Macroeconomics

 

1

Data of Macroeconomics

 

2

National Income

 

3

2

Unemployment

 

5

 

Money and Inflation

 

6

3

The Open Economy

 

7

 

Introduction ot Economic Fluctuations

 

8

4

Aggregate Demand I

 

9

 

Aggregate Demand II

 

10

5

Midterm Exam

 

Material to Date

6

Aggregate Supply

 

11

The Open Economy in the Short Run

 

13

7

Economic Growth

 

4

 

Theory of Real Business Cycles

 

14

8

Final Exam

 

All Chapters

Final 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 2007-2008 Undergraduate Catalog Page 85-86

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 2007-2008 Undergraduate Catalog Page 85

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.
  3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  4. 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 "F".
  5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  6. 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.
  7. 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 2007-2008 Undergraduate Catalog Page 87-88

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. 

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Last Updated:12/8/2007 3:45:12 PM