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EC 301 Intermediate Macroeconomics
Voyles, Gayle 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

U1J 2011 DN

Faculty

Voyles, Gayle A.

Title

Adjunct Instructor

Degrees/Certificates

Master of Arts, Economic Education
Master of Science, Curriculum and Instruction
Bachelor of Science, Education

Office Location

Per Scheduled Appointment

Daytime Phone

(913) 620-3739

E-Mail

Gayle.Voyles@park.edu

Semester Dates

March14, 2011 - May 2, 2011

Class Days

Wednesday

Class Time

5:30 - 9:50 PM

Prerequisites

EC 141

Credit Hours

3


Textbook:

Gordon, Robert, J., Macroeconomics, Eleventh Edition
Pearson/Addison Wesley   2009 Copyright
ISBN - 13 978-0-321-48551-9  ISBN 10       0-321-458551-3

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Current events will be applied to weekly concepts being taught and discussed.

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:
EC301 Intermediate Macroeconomics: 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. 3:0:3

Educational Philosophy:

Educational Philosophy:

I believe students must have opportunities to learn and apply new content and skills in a variety of ways.  Therefore, I utilize Marzano, Pickering, and Pollock's nine research-based instructional strategies that have been proven to increase student achievement:
identifying similarities and differences
summarizing and note taking
reinforcing effort and providing recognition
homework and practice
nonlinguistic representations
cooperative learning
setting objectives and providing feedback
generating and testing hypotheses
questions, cues, and advance organizers
 

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 Analysis of Related Articles:  Students will be provided a weekly article to analyze before writing a one page essay that explains the connections between their weekly concepts and those within the article.
 
Weekly Development of Graphic Organizers:  Students will also develop and present concept maps and/or graphic organizers that illustrate the week's major relationships between macroeconomic concepts and principles.
 
Term Paper:  Students will prepare a term paper in order to comply with the course Core Assessment.  Review the Core Assessment portion of the syllabus for specific topics.  This research paper must be at least seven pages (around 2,000 words) and be developed using at least five different sources.  The Learning Rubric contained at the end of this syllabus will be used as the standard to assess student performance on the term paper.
 
Exams:  Midterm and Final Exams will be administered.  They will consist of multiple choice, short answer, and diagram assessment items.  Each exam will be based on textbook content, classroom lectures and discussions, and weekly practice activities.    
             

Grading:

Weekly Analysis of Related Articles          100 pts.
Student Generated Graphic Organizers      100 pts.
Mid-Term Exam                                       300 pts.
Paper                                                       200 pts.
Final Exam                                               300 pts.
 Total Points                                          1,000 pts.
                                                            
100-90%   A
89-80%     B
79-70%     C
69-60%     D
59 - 0%     F

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.

Late Submission of Course Materials:
Students who miss a class will not receive participation points for that class.   If an absence is necessary, the student must contact the faculty member before missing a class in order to submit any work due at that time.
 
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, if absence was not excused.   For late work, the assignment of an A will be rare as timeliness is a requisit in defining excellence.  Assignments will not be accepted after the last day of class!

Classroom Rules of Conduct:
Please turn all cell phones and pagers to silent or vibration.  If an emergency call, please go out to hall to take call.  Your focus during each class session must be on the topic(s) of discussion.  It is your responsibility to participate in class activities/discussions and to treat all students (and structor) with respect, at all times

Course Topic/Dates/Assignments:
Week 1:  Read Chapters 1-3 and develop a concept map/graphic organizer for key concepts and relationships.  Complete your weekly analysis of an article during class.
 
Week 2:  Read Chapters 5-7 and develop a concept map/graphic organizer for key concepts and relationships.  Complete your weekly analysis of an article during class.
 
Week 3:  Read Chapters 6, 8-10 and develop a concept map/graphic organizer for key concepts and relationships.  Complete your weekly analysis of an article during class.  We will discuss paper requirements and scoring guide.
 
Week 4:  Midterm Exam (Chapters 1-3 and 5-10)
 
Week 5:  Read Chapters 11 and 13 and develop a concept map/graphic organizer for key concepts and relationships.  Complete your weekly analysis of an article during class.
 
Week 6:  Read Chapters 4 and 14 and develop a concept map/graphic organizer for key concepts and relationships.  Complete your weekly analysis of an article during class.
 
Week 7:  Review of Course Content and Practice Activities
Complete your weekly analysis of an article during class.
 
Week 8:  Final Exam (All Chapters)
Final Term Paper and Presentations

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 Undergraduate Catalog Page 92

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. from Park University 2010-2011 Undergraduate Catalog Page 92-93

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.

Park University 2010-2011 Undergraduate Catalog Page 95-96

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:5/16/2011 2:16:26 PM