EC 141 Principles of Macroeconomics
S1A 2013 BE
Masters Human Resource ManagementBA Econ
January 14 - March 10, 2013
8:00 - 10:40 PM
Author: McConnell Brue Flyn ed 19
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
The Wall Street Journal (WSJ) is an excellent reference for this course. It is available at most libraries, in many offices, and other places. This resource is not required for this course, but it will enhance your understanding if you should choose to use it as a resource. Hard copy subscriptions that included the online subscription are available to you as a student at special discounted rates. You can subscribe online.
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/.
The facilitator's educational philosophy centers around the principle that learning is an active process. The student's ability to apply the concepts covered in class in real world settings is directly related to the student's willingness to participate actively in the class and practice concept applications. Active participation is a required element in the learning process as is interaction, group discussion and idea exploration. The facilitator believes in creating an interactive course with problems that reflect situations and scenarios encountered in the world outside the classroom.
Learning Outcomes: Core Learning Outcomes
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 RubricClass Assessment:
The final course grade will be determined using the following measurements:
1000 - 900
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.
Classroom Rules of Conduct:
You can see more about core rules of netiquette at http://www.albion.com/netiquette/corerules.html. If you have questions about any of these policies, please contact your instructor.
T: Jan 15 Class Intro: Chapter 1: Limits, Alternatives, and Choices
Th: Jan 17 Chapter 2: The Market System and Circular Flow
LO #1: Use the simple circular flow model to explain how the resource and products interact with the household and business sectors; use this model to explain why expenditures equal income in the macroeconomy.
T: Jan 22 Chapter 3: Demand, Supply, and Market Equilibrium
LO# 2: Interpret the demand and supply model to evaluate market changes in the determinants of demand and supply, and use the model to predict changes in price and quantity
Th: Jan 24 Chapter 3: Demand, Supply, and Market Equilibrium LO#2 – continued.
T: Jan 29 Chapter 6: An Introduction to Macroeconomics: Overview
Chapter 7: Measuring Domestic Output and National Income
LO#3. Define Gross Domestic Product (GDP), and identify the four expenditure categories in the equation GDP = C + I + G + Xn; Identify the measurement and sources of economic growth
Chapter 8: Economic Growth
LO#3: Identify the measurement and sources of economic growth
Th: Jan 31 Chapter 9: Business Cycles, Unemployment, and Inflation
LO#4: Describe the business cycle; identify the primary measures of unemployment and define “full employment”; identify the primary measure of inflation and distinguish between demand-pull and cost-push inflation
T: Feb 5 Mid-term Exam:
Th: Feb 7 Chapter 10: Basic Macroeconomic Relationships
LO#5: Use the Aggregate Demand and Aggregate Supply model to explain the business cycle, i.e., how and why the equilibrium price level and real GDP change in an economy.
Th: Feb 14 Chapter 13 Fiscal Policy, Deficits, and Debt
LO#6: Define “expansionary” and “contractionary” fiscal policies; use the Aggregate Demand and Aggregate Supply Model to illustrate and explain appropriate fiscal policy and its impacts on the price level and real GDP
T: Feb 19 Chapter 14 Money and Banking: Chapter 15 Money Creation
LO#7: Identify the measures of the money supply; explain the structure of the Federal Reserve System and identify the major functions of the Fed; explain how money is created in the Federal reserve System.
Th: Feb 21 Chapter 14: Money and Banking; Chapter 15: Money Creation
LO#7 - continued
T: Feb 26 Chapter 16: Interest Rates and Monetary Policy:
LO#8: Identify the goals and tools of monetary policy: use the Aggregate Demand and Aggregate Supply Model to illustrate and explain appropriate monetary policy and its impacts on the price level and real GDP.
Th: Feb 28 Chapter 16: Interest Rates and Monetary Policy:
LO#8 – Continued
T: Mar5 Final Exam – Comprehensive
Th: Mar 7 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 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.
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 .
Last Updated:12/19/2012 9:53:10 AM