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EC 301 Intermediate Macroeconomics
Prater, Richard


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

S1D 2013 DAH

Faculty

Prater, Richard

Title

Adjunct Faculty

Degrees/Certificates

Masters of Business Administration
Bachelor of Arts (BA), Economics

Office Location

Davis-Monthan AFB

Office Hours

By Appointment

Daytime Phone

520-837-7784

Other Phone

520-954-3253

E-Mail

richard.prater@park.edu

jprater4@q.com

Semester Dates

1/14/13 - 3/10/13

Class Days

Hybrid:  Online, Tuesday in Class

Class Time

5:30 PM - 8:45 PM

Prerequisites

EC-141

Credit Hours

3


Textbook:

Macroeconomics, Robert J. Gordon, 12th Edition
ISBN 10: 0138014914
ISBN 13: 9780138014919
Prentice Hall
Copyright: 2012
Published 4/8/2011
 

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/.


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:
My educational philosophy is to integrate lecture, readings, and creative thought using concepts introduced by the text.  Students will develop the capability to tie theoretical ideas and models to real-world actions and reactions.  I will facilitate active learning to engage students to teach themselves and develop a fundamental capability to understand and use these concepts and ideas as tools for future reference.

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 quizzes, midterm and final examinations, weekly threaded discussions, online weekly individual questions, research paper (core assessment)  

Grading:

Weekly Quizzes (Online): 150 (15%)
Midterm Examination (Online): 150 (15%)
Final Examination (In Class): 300 (30%)
Research Paper (Core Assessment): 100 (10%)
On Line Thread Discussions: 150 (15%)
On Line Individual Questions: 150 (15%)
 
Total: 1000
 
Grade Breakout:
 
1000 - 900 = A
899 - 800 = B
799 - 700 = C
699 - 600 = D
599 - below = 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:
This is a hybrid course, where both in-class and online course assignments. In-class assignments are expected to be turned in on the day of the class. Classes missed for legitimate reasons will be excused with prior coordination as listed above.   Determination of a legitimate absence rests with the decision of the instructor. If students should miss a class due to an excused absence, they will be required to turn in an outline of each chapter missed, along with assignments.
 
Late assignments will be assessed progressive deductions:
24 hours late: 10%
48 hours late: 20%
72 hours late: 30%
96 hours late: 40%
After 11:59 pm (Tucson Time) Sunday (0 points) unless approved by instructor per requirements listed above.

Classroom Rules of Conduct:
This is a “hybrid” class requiring instructor student meetings at least once per week, with the remaining activities presented online.  Deviations from the set schedule will be coordinated between the student and instructor.  Cell phones are to be set in a “silent” mode or turned off to prevent distractions. If computers/deskpads are to be used as “note takers”, they will not be used for any other purpose unless instructor approved. Students are expected to be on time and have read the assigned chapters prior to class. The instructor reserves the right to request the student leave the in-class session if these rules are not observed. In this case, no points will be awarded for the session's activities.

Course Topic/Dates/Assignments:
 This is a Hybrid course that is composed of in-class and online segments.  

 
Week 1 - Introductions/Chapter 1, 2 
Week 2 - Chapter 3, 4 
Week 3 - Chapter 5, 6 
Week 4 - Midterm (Online), Chapter 7
Week 5 - Chapter 8,9,10
Week 6 - Chapter 11, 12
Week 7 - Chapter 13, 14
Week 8 - Final Examination (In Class or Proctor if coordinated with Instructor)
 
 In Class
- Lecture and review of assigned chapters 
- Questions from each chapter will be assigned for discussion in the following in-
   class meeting 
   - Questions are to be completed and ready to be reviewed 
- Final Examination
   - Week 8; Cumulative Closed Book Essay per Park University Guidelines
 
Online
 
- Threaded Discussions (150 points total)
   - Students are expected to answer one of the questions presented no later than 11:59 pm (Tucson Time) Wednesday and
      respond to at least three questions no later than 11:59 pm (Tucson Time) Sunday
- Individual Questions (150 points total)
  - at least one question will be assigned to be completed and attached via E-companion DROPBOX. 
    This must be submitted no later than 11:59 pm (Tucson Time) Sunday of the assigned week
- Mid-Term Examination 
   - This will be online and composed of two parts and given in the fourth week of the Course. 
      It will cover all material covered the first three weeks
       - Part 1 will be multiple choice (25 Questions)
       - Part 2 will be essay question

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.

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 .



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:12/11/2012 8:03:00 AM