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EC 141 Principles of Macroeconomics
Firner, Antoni


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 141 DLA Principles of Macroeconomics

Semester

U1T 2009 DLA

Faculty

Dr. Ray Everett

Title

Senior Professor

Degrees/Certificates

Doctor of Business Administration
Master of Arts / Master of Science / Master of Public Administration
Bachelor of Arts

Office Location

Tucson, AZ and Salem, OR (and online)

Office Hours

Online and by telephone appointment

Daytime Phone

Available by appointment

E-Mail

Ray.Everett@park.edu

Dr.Ray.Everett@cox.net

Semester Dates

June 1 to July 26, 2009

Class Days

Online

Class Time

Online

Credit Hours

3


Textbook:

Case, Karl E. Ray C. Fair, and Sharon Oster.  Principles of Macroeconomics. 9th ed. Upper Saddle River, NJ: Prentice Hall, 2009.  ISBN:  13-9780136058960 (not the International or earlier versions)
AND REQUIREMENT OF THIS VIDEO
Solman, Paul. Videos DVD to accompany Economics. 17th ed. NY: McGraw-Hill, 2008. ISBN: 978-0-07-32914 0-6 (An earlier version of Paul Solman DVD will also be fine.)

AND IF YOU ARE TAKING both EC141 and EC142, you may purchase the combined textbook for both if you wish, plus the DVD, as follows:

Case, Karl E. Ray C. Fair, and Sharon Oster.  Principles of Economics. 9th ed. Upper Saddle River, NJ: Prentice Hall, 2009.  ISBN:  13-9780136058960 (not the International or earlier versions)


Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional 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 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:
EC141 Principles of Macroeconomics: A study of the contemporary American economy; the role of investment, consumption, and government on income determination; and an analysis of the foreign sector. Emphasis is on contemporary problems: unemployment, inflation, and growth. 3:0:3

Educational Philosophy:

This is an introductory level university economics course that expects and requires individual, self-motivated, critical thinking from adult students.  Your professor believes in giving detail attention to each student with constant feedback so that the student clearly understands and succeeds in the online process. This process mandates individual initiative and application to the study of the subject materials and the learning from mistakes made during the process.  To assist with progress, the professor believes in being closely attuned to each student's activities daily and is readily available via course postings, email, or telephone.

Success demands an intellectual effort of initiative and self-discipline in studying the text and all assignments, and in participating in discussions. Students MUST exercise self-discipline and must have all work turned in on time just as they would be required to do if their where the marketing manager. However, students are to learn economics and not depend on their own opinions that have not been developed with knowledge. Unsubstantiated opinions are not in order in this course.

Learning Outcomes:
  Core Learning Outcomes

  1. Graph supply and demand in a single graph, define basic items or concepts related to the graph, and use the graph to explain the process by which a good's equilibrium price and quantity are attained.
  2. Graph the Keynesian cross model to include showing the shift to aggregate expenditure necessary to close a GDP gap.
  3. Graph the short-run aggregate demand-aggregate supply model (assuming the economy is in the expansionary phase of the business cycle) in a single graph and show how the AD and or AS functions would be shifted by an increase in government spending and/or a labor productivity increase.
  4. Use the AS-AD model to define cost-push inflation and demand-pull inflation. Use the AD-AS graph to identify shifts in the AD/AS curves reflecting the two types of inflation, and identify subsequent changes in the price-level and real output.
  5. Define monetary and fiscal policies. Use the monetary multipliers to show how a given change in the monetary base would cause a change in GDP. Use the fiscal multiplier to explain how a given change in government spending would change GDP.


Core Assessment:

All Park University courses must include a core assessment that measures the course 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 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through short essay Tools and Methods of Economics questions, Graphical Problems in he Communications section, and Critical Thinking short-answer questions. For each core learning outcome, the student should be prepared to draw the relevant graph, define basic concepts or policies, identify relevant shifts in the curves, and state final impacts on relevant variables.

Link to Class Rubric

Class Assessment:

The final course grade will be determined using the following measurements:

  • Discussion Assignments
  • Peer Responses to Discussion
  • Homework Assignments
  • Budget Exercise (Week 7)
  • Quiz
  • Mid Term Exam (Week 4)
  • Proctored Comprehensive Final Examination (Week 8)
  • Instructor evaluation/class participation which is made up of the above items and the following factors:
    • Reading and understanding the requirements in the Syllabus and Overview before the end of Week 1.
    • Emailing and Posting introductions during Week 1 of the course.
    • Selecting a proctor and completing the proctor form by the end of wk 4. There will be a link to the proctor form provided in wk 2.
    • Attending class each week by being active in the weekly projects.
    • Serious pursuit to the learning of economics without unsupported personal opinions.
    • Other course related activities as may be added and advised.

Grading:

Each week (no later than Tuesday), your professor will provide grades for the assignments completed during the previous week.  To achieve the maximum number of points, the assignment is organized in a logical manner with appropriate punctuation and spelling; is submitted on time; provides a good, concise businesslike performance; and integrates relevant course content material when appropriate. Course grades will be based on a composite of performance evaluations in the areas contained in the following table:

Assignment

Points

Grade %

Homework (30 pts in weeks 1 - 7)

210

21%

Discussions (30 pts in weeks 1 – 7)

210

21%

Peer Responses (in Discussion – wks 1 – 7)

35

3.5%

Weekly Quizzes (20 pts in weeks 1-3, 5-7)

120

12%

Budget Exercise (Week 7)

10

1%

Midterm Exam (Week 4)

80

8%

Participation Points (5 pts weeks 1 - 7; totals available at end of Wk 8 for all wks)

35

3.5%

Comprehensive Final Exam

300

30%

Total Points Possible

1000

100%


Grading Scale

A =  90 -- 100 points         B =  800 -- 89 points           C =  70 -- 79 points
D =  60 -- 69 points           F =  < 60 points

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.

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.

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:

Each class week is defined as the period of time between Monday at 12:00 am and Sunday 11:59 pm (MST).  All assignments scheduled during a class week must be completed and successfully submitted by the deadline within each assignment week and no extension will be issued except as described below. The weekly Discussion must be posted no later than Friday midnight (MST), the weekly Homework is to be posted by Saturday midnight, and all other assignments are due by Sunday midnight (MST).  Do not post anything after these deadlines as the opportunity to receive credit will have passed.

Work that is late will only be accepted as a result of (1.) an emergency that is beyond the control of the student and (2.) with advance approval and acknowledgment from the professor.  A request to complete late work must be submitted in advance and must be based on a clear bona fide emergency situation with verification.  Any event that is within the control of the student will not be approved, such as "my car broke down," or "I had to go to work unexpectedly," or "I was sick," or "my computer or internet connection wasn’t working," etc.  Further, late completions will not be approved if a student could have done the work earlier in the week but waited until the last day and then ran into an emergency situation or Park online was too busy on Sunday night, or the Internet connection went down or the computer stopped working, etc.  Therefore, early completions are highly encouraged. However, with a valid and verifiable emergency, there will still be a 10% late penalty deduction regardless of the approved reason.  There will be no score for late work without advanced emergency approval from the professor.  Please do not wait until the last day for submission and chance an unforeseen circumstance.  Running out of time has nothing to do with being busy, as everyone is busy.  It almost always has to do with setting priorities and exercising self-discipline.


Classroom Rules of Conduct:

Rules:

1.   Self-discipline is extremely important and necessary in this online course. Students are expected to devote a minimum of five hours per week performing in the course, and a minimum of two hours per week must be online within the course threads. This is the same amount as would be spent in a physical classroom. (The professor has access to the time students spend in each unit of the course and will check it regularly.)

2.   Courtesy and online netiquette MUST be used in all communications, private and/or public. Profanity, crude, ugly, or disrespectful language will result heavily loss of points and potential disciplinary actions.  (The professor reserves the right to delete or modify any posting that violates this instruction or any other Park University Student Code of Conduct.)

3.   The grading criteria includes the requirement that improvement and progress in assignments be made each week. There must be some improvement made in order to achieve the same grade points as previously achieved on a particular assignment.

4.   Emails sent to the professor must have the course number and the subject of the email in the "Subject" line of every email.  For example: "SUBJECT:  EC141 - question."  Do not just click “Reply” and send an email without this proper information even if that has been a long time habit.

5.   Students are required to read and follow evaluation feedbacks from the professor in the Gradebook or Dropbox.  Not following improvements offered in feedbacks will result in addition reduction of points.

6.   This is a course in which we are here to learn basic introductory principles of economics.  As such, personal opinions are never in order except in a very minor way in Peer Responses if they are also based on economic logic and inquiry. Points will be deducted for student opinions in Discussion or Homework.  If students believe that they already know enough about economic principles that their opinions are correct and without flaw or emotions, then those students should “Clip” out of the course as it is a waste of time and interferes with others trying to learn.

7.   Announcements are posted regularly to keep students informed of changes and emphasis and must be read or reviewed everything the course is entered.

8.   Emails must be read daily either in Park PirateMail or by having them forwarded to your personal email account.  Your professor will communicate via announcements, feedbacks, emails, and telephone calls.

Course Topic/Dates/Assignments:

       

WEEK

READING ASSIGNMENT

ACTIVITIES

EXAMINATIONS

Week 1

Chapters 1, 1 appendix, 2  (1, 1 appendix, 2)

First Assignment (email), Introduction, Homework, Quiz, Discussion, and Peer Responses

Week 2

Chapters 3,4 ( 3,4 )

Homework, Quiz, Discussion, and Peer Responses

Week 3

Chapters 5,6, (20.21)

Homework, Quiz, Discussion, and Peer Responses

Week 4

Chapters 7, 8 (22,23)

Homework, Discussion, and Peer Responses

Midterm Examination

Week 5

Chapters 9,10 (24.25)

Homework, Quiz, Discussion, and Peer Responses

Week 6

Chapters 11,12 (26,27)

Homework, Quiz, Discussion, and Peer Responses

Week 7

Chapters 13,14 (28,29)

Homework, Quiz, Budget Exercise, Discussion, and Peer Responses

Week 8

Chapter 17 (32)

Evaluations

Final Examination

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 2008-2009 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 "F".
  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 2008-2009 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)
Critical Thinking                                                                                                                                                                                                                                          
Outcomes
Short answer questions with a Maximum value of 88 Points                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Nearly all causes or processes of economic phenomena are perfectly identified and stated. (79 points or more of 88 points) Most causes or processes of economic phenomena are correctly identified and stated. (61 to78 points of  88 points) Most causes or processes of economic phenomena are not correctly identified and stated. (44 to 62 points  of 88 points) No causes or processes of economic phenomena are stated clearly. (43 to 0 points of  88 points) 
Effective Communication                                                                                                                                                                                                                                    
Outcomes
Graphical Problems and completion of Graphs with a maximum value of 140 points.                                                                                                                                                                                                                                                                                                                                                                                                                                      
All definitions of curves or items identified on graphs are stated nearly perfectly.  (126  points or more of 140 points) Most definitions of curves or items identified on graphs are stated correctly. (98 to 125 points of 140 points) Most definitions of curves or items identified on graphs are not stated correctly. (70 to 97 points of 140 points) No definitions of curves or items on graphs are stated clearly.


(0 to 69 points of 140 points)


 
Tools and Methods of Economics                                                                                                                                                                                                                             
Outcomes
This examines tools and methods of economic analysis using short essay questions with a maximum value of 72 points.                                                                                                                                                                                                                                                                                                                                                                                                  
All definitions of are stated nearly perfectly.  (65 points or more of 72 points) Most definitions are stated correctly. (98 to 125 points of 72 points) Most definitions are not stated correctly. (70 to 97 points of 72 points) No definitions are stated clearly.


(0 to 69 points of 72 points)


 

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Last Updated:5/12/2009 1:05:48 PM