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.CourseEC 301 Intermediate MacroeconomicsSemesterFA 2009 HOFacultyBell, Stephen E.TitleAssociate Professor of EconomicsDegrees/CertificatesPh.D. in EconomicsJ.D.Office LocationRoom 27E MacKay HallOffice HoursMWF 8-9 am and Tues and Thurs 8:30-10:00 amDaytime Phone816-584-6867E-MailStephen.Bell@park.eduSemester DatesAugust 17-December11, 2009Class DaysTues-ThursClass Time11:35-12:50Credit Hours3Textbook: Gordon, Macroeconomics, 11th edition, ISBN: 0-321-48551-3
Soule, Intermediate Macroeconomics Supplement, ISBN:007-235019-9Textbooks can be purchased through the Parkville BookstoreAdditional Resources: 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 firstname.lastname@example.org or call 800-927-3024Resources 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. Prerequisite: EC141. 3:0:3Learning Outcomes: Core Learning OutcomesExplain the evolution of the monetarist and new classical theories.Describe how new-Keynesian theory justifies the Keynesian 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.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 RubricClass Assessment: Test One 200
Test Two 200
Term Paper 200
Final Exam 300
Total 900Grading: 90%-100%= A
Below 60%= FThe 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.
EC 301 Intermediate Macroeconomics
FA 2009 HO
Bell, Stephen E.
Associate Professor of Economics
Ph.D. in EconomicsJ.D.
Room 27E MacKay Hall
MWF 8-9 am and Tues and Thurs 8:30-10:00 am
August 17-December11, 2009
Textbooks can be purchased through the Parkville Bookstore
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 email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Learning Outcomes: Core Learning Outcomes
Link to Class RubricClass Assessment:
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 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.
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 2008-2009 Undergraduate Catalog Page 87
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 2009-2010 Undergraduate Catalog Page 92
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2009-2010 Undergraduate Catalog Page 95
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:7/27/2009 9:22:25 AM