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EC 301 Intermediate Macroeconomics
Bowen, John E.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

EC 301 Intermediate Macroeconomics

Semester

F1T 2012 DLB

Faculty

Bowen, John E.

Office Location

Online

Office Hours

24/7

Daytime Phone

614-457-8985

Other Phone

Same

E-Mail

John.Bowen@park.edu

Semester Dates

Fall 1

Class Days

TBA

Class Time

TBA

Prerequisites

EC141

Credit Hours

3


Textbook:
MACROECONOMICS, Robert J. Gordon, 12th Edition,  2012,  ISBN 978-0-13-801491-9 (if you have the 12th edition of Macroeconomics by Gordon, you have the right book.)

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Strongly recommend the use of the Wall Street Journal, one of the world's most respected and quoted publications among economists and business leaders..  You can access it for free at the Park Online library and at public or base libraries.  It can help in the application of course concepts and its archives can be a very valuable tool in completing the term paper - an important part of your course grade. If it would be more convenient for you to have your own personal subscription in which you can access it both in print and online and you would like a significant student discount, please let me know and I can answer any questions you might have and can take care of it for you if you wish.

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:
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:
The class is intended to be interactive in which the instructor interacts with the students and the students interact with each other.  When having a problem, the instructor is here to help but you may be asked to first use an approach to help you discover the answer on your own or to discuss the problem with other students and help each other.

Anytime you e-mail me, you will normally get a response within a few hours or a day at the most. If more than 24 hours elapse, I did not get your e-mail. Please try again or please call.

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 Discussion (weeks 1, 2, 3, 5, 6, 7)     =    90  points  (9%)
Weekly Homework (weeks 1, 2, 3, 5, 6, 7)     =   120 points (12%)
Weekly Quiz (weeks 1, 2, 3, 5, 6, 7)                =  180 points  (18%)
Midterm (by end of 4th week)                        =   110 points  (11%)
Term Paper (by end of 7th week)                   =    200 points  (20%)
Proctored final exam (by Friday of 8th week =   300 points   (30%)
TOTAL                                                             = 1000 points  (100%)
MIDTERM                                          =    300 points  (30%)
TERM PAPER                                     =    300 points  (30%)  (Core assessment)
COMPREHENSIVE FINAL EXAM   =   300 points  (30%)
TOTAL POSSIBLE                              = 1000 points (100%)

Grading:
90 - 100%     =  A
80 -   89%     =  B
70 -   79%     =  C
60 -   69%     =  D
Below 60%   =  F

Weekly Discussion (weeks 1, 2, 3, 5, 6, 7)     =    90  points  (9%)
Weekly Homework (weeks 1, 2, 3, 5, 6, 7)     =   120 points (12%)
Weekly Quiz (weeks 1, 2, 3, 5, 6, 7)                =  180 points  (18%)
Midterm (by end of 4th week)                        =   110 points  (11%)
Term Paper (by end of 7th week)                   =    200 points  (20%)
Proctored final exam (by Friday of 8th week =   300 points   (30%)
TOTAL                                                             = 1000 points  (100%)
MIDTERM                                          =    300 points  (30%)
TERM PAPER                                     =    300 points  (30%)  (Core assessment)
COMPREHENSIVE FINAL EXAM   =   300 points  (30%)
TOTAL POSSIBLE                              = 1000 points (100%)


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:
Late submission is not permitted and will result in the loss of points. An exception is if prior approval has been granted or if rare and unusual circumstances such as a natural disaster make it totally impossible to submit a requirement on time.  Otherwise, no assignment may be submitted after Sunday of the week (weeks calculated as Monday through Sunday) of the week in which the assignment is due.

Avoid last minute submissions since things may go wrong at that time - power goes out, computer problems occur, a family or job emergency occurs, etc.

Classroom Rules of Conduct:
Online etiquette and respect for others must be demonstrated at all times.

You may disagree with others but do so without being insulting.  By each person doing his or her part to maintain a positive learning environment for all and by everyone seeking to be of  help to each other, everyone can have an enjoyable experience which pays off gradewise.

Course Topic/Dates/Assignments:
In Week One go to Introductions and review the material, including Welcome, on the Home Page. Then (under Week One) read the assignments for that week.  Weeks one through three and five through seven, there will be Discussion, Homework and a Quiz. Exams will be in Week 4 and Week 8.  The specific chapter and homework assignments will be found under each week.
Weekly Discussion (weeks 1, 2, 3, 5, 6, 7)     =    90  points  (9%)
Weekly Homework (weeks 1, 2, 3, 5, 6, 7)     =   120 points (12%)
Weekly Quiz (weeks 1, 2, 3, 5, 6, 7)                =  180 points  (18%)
Midterm (end of 4th week)                              =   110 points  (11%)
Term Paper (end of 7th week)                         =    200 points  (20%)
Proctored final exam (Friday of 8th week)      =   300 points   (30%)
TOTAL                                                             = 1000 points  (100%)

FIRST SEGMENT OF THE COURSE: WEEKS ONE THROUGH THREE
Introduction, overview, scan the text.  REAL GDP: components,  ISLM, aggregate demand and aggregate supply, forces producing changes in the domestic and global economy, interest rates and unemployment, monetary and fiscal policy.

MIDTERM: Review. FOURTH WEEK

SECOND SEGMENT: WEEKS FIVE THROUGH SEVEN
Long term economic growth, public and private sector interaction and stability, recent changes, economic models and theorists,  domestic and global policy debates.

TERM PAPER: SEVENTH WEEK.
COMPREHENSIVE PROCTORED FINAL EXAM: EIGHTH WEEK

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 2011-2012 Undergraduate Catalog Page 95-96

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 2011-2012 Undergraduate Catalog Page 95

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: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 98

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 .

Additional Information:

In scheduling your proctored final exam, strongly recommend scheduling it as early in the 8th week as possible and making sure that it is sent to me soon after completion. Reason: numerous problems occur when exams

are taken at the last minute or sent by the proctor at the last minute. Example: exams have been taken or sent out on Friday night with a flaw in submission (blank pages faxed, etc.) but the proctor is not available until the following Monday (if not on a business trip, TDY, ill, vacation, etc.) but the course grade must be turned in the following day on Tuesday.



This is an Online class thus it is essential that you maintain the ability to interact online and both receive and send e-mail throughout the course.  If you do not frequently use your Park e-mail account you should have it forwarded to whatever account you use so that it will always be possible to contact you via e-mail if necessary.  As I

mentioned before, when you e-mail me you will always get a response and usually the same day unless the e-mail is sent late at night - the e-mail response will involve a Reply To.



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:7/19/2012 8:56:06 PM