Textbooks can be purchased though the MBS bookstore
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. Pre-requisite: EC141. 3:0:3
Educational Philosophy: The Adult Teaching/Learning Model is based on the assumption that in preparation for every course, students will satisfy all prerequisites. During the course itself, students will achieve certain learning outcomes. All performance assessment depends upon the accomplishment of these outcomes. Students are graded on achievement, rather than effort. It is the responsibility of the student to come to class prepared for each class meeting.
Park University and the Instructor trust that each student will maintain high standards of honesty and ethical behavior. All assignments submitted in fulfillment of course requirements must be the student's own work. All assignments are meant to represent the effort of each individual student.
Learning Outcomes:- Derive and use the Keynesian cross, IS-LM, and AD-AS models.
- Explain how the evolution of the monetarist and new-classical theories.
- Describe how the new-Keynesian theory justifies the Keynesian policy prescriptions.
- Explain the relationship between the government-budget deficit and the trade deficit.
- Explain how national savings determines the trade deficit, not protectionism.
- Define supply-side economics and discuss how it explains the government-spending deficit.
- Research and write a term paper on a macroeconomics topic.
Course Assessment: I will consider both quantity and quality when evaluating student participation. Class participation will be evaluated and graded only during the eight class sessions. I encourage you to respond to your classmate's work. Defend your own responses. Take issue with me. Be provocative. Again, as much as possible, rely on authority found in text chapters or lectures. Get in there and participate!
Grading: Seventy (70) percent of the term-paper grade will be based on the quality of the content and integration of course readings into the papers. Thirty (30) percent will be based on the finished paper form and style, i.e., APA format, grammar, spelling, organization and logical flow.
I use the following grading scale (listed in the table below).
Discussion Questions (1 point each X 30) 30.00 points
Term-Paper 12.00 points
Mid-term Examination 25.00 points
Final Examination 25.00 points
Attendance & Participation 8.00 points
(1 percentage point each class session) ______________
Late Submission of Course Materials: All written work will be graded according to APA guidelines focusing on style, content and format including such items as clarity of communication, sentence and paragraph construction, punctuation, spelling, and grammar.
Participation accounts for 8% of the overall grade. Students who miss a class will not receive participation points for that class. No additional or makeup work will be assigned. If an absence is necessary, the student must contact the faculty member.
Assignments are late if not submitted on the due date. A penalty of 1 percentage point per day will be assessed for each assignment that is turned in late. For late work, the assignment of an A will be rare as timeliness is a requisite in defining excellence.
I reserve the right to deduct one (1) point, from the total possible points for an assignment, for each day an assignment is late. Assignments will not be accepted after the last day of the class!
The secret to success in a course is to do your assignments properly and turn them in a timely fashion! Extra credit is something wherein a student tries to make up in quantity what was lacking in quality. Therefore, I don't offer nor accept "extra credit" assignments.
I do not grant incompletes in my courses unless ABSOLUTELY NECESSARY.
Although I will not make any changes in the learning objectives of the course, I maintain the right to make modifications to the weekly assignments depending on the student response and participation performance.
Classroom Rules of Conduct: You will be responsible for the following assignments prior to each classroom meeting.
Please turn all cellphones and pagers to silent or vibration. If an emergency call, please go out to hall to take call.
Course Topic/Dates/Assignments: GRADING SCALE BASED ON A 100 POINT SCALE.
100 – 90 A
89 - 80 B
79 - 70 C
69 - 60 D
59 - 0 F
Synthesis and Evaluation
A= Excellent performance. Work is exemplary and worthy of emulation by others. Student is in full attendance and constructively contributes to the learning environment.
B= Above average performance. All assignments are complete and exhibit a
complete understanding and an ability to apply concepts.
Understanding and Knowledge
C= Average performance. Accomplishes only the minimum requirements. Oral and written communication is at an acceptable level for a graduate student.
D= Demonstrates understanding at the most rudimentary level. Work is minimally passing.
F= Work is not passing, characterized by incompleteness, lateness, unsatisfactory demonstration of understanding and application.
EXPECTATIONS FOR WRITTEN WORK
VOCABULARY - I expect you to read and understand the material presented in the assigned text. If you see a word but cannot define it—look it up and jot down the definition. Do not skip over words you do not understand. Part of the task of completing a course is acquiring an expanded vocabulary and being able to use it.
GRAMMAR - Use active voice in your writing. Also use the spelling and grammar check feature of your Word Processor before submitting your papers.
RESEARCH - When searching for articles for an assignment, I expect you to locate articles from reputable professional or academic journals, not popular magazines or newspapers. Part of acquiring a College/University Degree is developing the ability to research, read, critically analyze and apply the evolving theories presented in these academic journals. Remember to cite using APA formatting.
REFERENCES - When writing papers, cite at least three sources (i.e., text citations) in addition to the assigned text (preferably from the article searches you have conducted) to demonstrate your understanding of the material. Include a reference list with each paper, properly formatted.
INDIVIDUAL STUDENT RESPONSIBILITY
Each student is accountable for his/her individual assignments.
DOVETAILING: Submitting the Same Assignment for Two Courses
Submitting the same work (presumably your work) for two different assignments is considered plagiarism and will carry the same consequences, even if the two assignments were completed at different institutions. Although this does not involve the intellectual theft that characterizes complete or reckless plagiarism, it is an academic impropriety. If you want to use a previously completed essay as a starting point for a new project, or if you want to use essays with similar premises for two classes, you need to obtain the permission of all instructors involved.
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. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> Page 101Plagiarism - If you are unclear about how to use text citations properly, check out the following Web Site. Babbie does an excellent job explaining this often confusing topic and does so in a humorous way.
Instructors are required to maintain attendance records and to report absences
via the online attendance reporting system.
Park University 2004-2005 Undergraduate
Catalog Page 100
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. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners 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 American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent 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:
Copyright:This material is copyright and can not be reused without author permission.