COLLIN COUNTY COMMUNITY COLLEGE DISTRICT
DIVISION OF BUSINESS, INFORMATION AND ENGINEERING TECHNOLOGIES
COURSE SYLLABUS
Spring 2010
COURSE NUMBER: ECON 2301 SECTION: LJ1
COURSE TITLE: PRINCIPLES OF MACROECONOMICS
CREDIT HOURS: 3 LECTURE HOURS: 3 LAB HOURS: 0
COURSE DESCRIPTION: Decision-making in the public sector; economic analysis of inflation, unemployment, and economic growth; national income measurements; money and banking; monetary and fiscal policy; competing economic theories; international economics.
COURSE DELIVERY METHOD: Lecture/Demonstration
PREREQUISITES: None.
INSTRUCTOR INFORMATION:
Instructor: David Boerner
Office: Associate Faculty Office – K239 (Spring Creek campus)
Office Hours: Immediately preceding, or following class period.
Also by prior arrangement
Daytime Phone: 214-728-1679
E-mail:
Emergency only: Department office phone 972-377-1731
CLASS INFORMATION:
Class meets: Mon & Wed & Fri 2:40.p.m. to 3:30 p.m.
Premises: Love Joy High School.
Classroom: TBA
TEXTBOOK: Economics Today, 15th edition, 2010, Roger Leroy Miller
Access to My EconLab
SUPPLIES: Scantron Sheets will be needed for tests.
E-MAIL ETTIQUETTE:
If you email the instructor, put ECON 2301 and your last name in the Subject line, i.e., “ECON 2301 Jones”. If you fail to do this, the instructor will not respond to the email. Otherwise, he will attempt to answer your email no later than the next scheduled class day.
ELECTRONIC DEVICES:
Put away all electronic devices - cell phones, laptop computers, music players, and the like. Do not use these devices in the classroom without obtaining consent from the instructor prior to each class. Silence your cell phones and pagers before class starts. If you get a call, quickly and silently leave the classroom. You may not use your cell phone as a calculator without prior permission.
METHOD OF EVALUATION:
The class grade will be based on a total of 500 points. Calculated as follows:
The class material will be divided into four sections. There will be an exam, valued at 100 points, after each section.
There will be periodic classroom projects and homework assignments made during the semester. (Possibly to including My EconLab assignments) The combined value of all of these non-test assignments will be a total of 100 points of the class 500 points.
The final class grade, tests and other assignments will be valued as follows:
A - 90 to 100% D - 60% to 69%:
B - 80% to 89%: F - 59% and below
C - 70% to 79%:
ATTENDANCE POLICY:
1. You are expected to attend every class and participate in class activities. The daily quizzes are used to measure prompt attendance. Multiple absences and/or tardiness indicate you are indifferent to what grade you receive in the course. Therefore, you will not be included in any curve to determine letter grades.
2. You are responsible for all work assigned and all material covered in class.
3. Religious Holy Days: please refer to the current Collin Student Handbook
COURSE WITHDRAWAL POLICY:
See the current Collin Registration Guide for the last day to withdraw. Withdraw on or before the last day to withdraw. All students still registered in the class after that date will receive a letter grade based on the work successfully accomplished.
COLLEGE-MANDATED INFORMATION:
COURSE REPEAT POLICY:
A student may repeat this course only once after receiving a grade, including “W”.
GENERIC SYLLABUS:
You can get a generic syllabus at the division office or at http://iws.ccccd.edu/syllabus.
ADA STATEMENT: It is the policy of Collin County Community College to provide reasonable accommodations for qualified individuals who are students with disabilities. This College will adhere to all applicable federal, state and local laws, regulations and guidelines with
respect to providing reasonable accommodations as required to afford equal educational opportunity. It is the student’s responsibility to contact the ACCESS office, SCC-G200 or
972.881.5898 (V/TTD: 972.881.5950) in a timely manner to arrange for appropriate accommodations.
ACADEMIC ETHICS: The College District may initiate disciplinary proceedings against a student accused of scholastic dishonesty. Scholastic dishonesty includes, but is not limited to, statements, acts, or omissions related to applications for enrollment or the award of a degree, and/or the submission as one’s own work material that is not one’s own. Scholastic dishonesty may involve, but is not limited to, one (1) or more of the following acts: cheating, plagiarism, collusion, use of annotated texts or teacher’s editions, and/or falsifying academic records.
Plagiarism is the use of an author’s words or ideas as if they were one’s own without giving credit to the source, including, but not limited to, failure to acknowledge a direct quotation.Cheating is the willful giving or receiving of information in an unauthorized manner during an examination, illicitly obtaining examination questions in advance, copying computer or Internet files, using someone else’s work for assignments as if it were one’s own, or any other dishonest means of attempting to fulfill the requirements of a course.
Collusion is intentionally or unintentionally aiding or attempting to aid another in an act of scholastic dishonesty, including but not limited to, failing to secure academic work; providing a paper or project to another student; providing an inappropriate level of assistance; communicating answers to a classmate during an examination or any other course assignment; removing tests or answer sheets from a test site, and allowing a classmate to copy answers.
Any incident of academic dishonesty will be reported immediately to the Division Dean and to the Dean of Students for adjudication. Until adjudication is complete, you will receive a “zero” on the work in question.
CLASS SCHEDULE
(subject to change)
Week ofJan 18 / Jan 18 - MLK Holiday NO CLASS
Jan 20 - First Class; Read Chapters 1 and 2
Discuss Ch 1 and 2
Week of
Jan 25 / Read Chapters 3 and 4
Discuss Ch 3 and 4
Week of
Feb 1 / Discuss Ch 3 and 4
Review for Exam 1
Week of
Feb 8 / Monday - EXAM 1 (chapters 1, 2, 3, 4)
Read Chapters 5 and 6
Discuss Ch 5 and 6
Week of
Feb 15 / Discuss Ch 5 and 6
Discuss Ch 5 and 6
Week of
Feb 22 / Read Chapters 7, 8, and 9
Discuss Chapters 7, 8, and 9
Week of
Mar 1 / Discuss Chapters 7, 8, and 9
Review for Exam 2
Week of
Mar 8 / Monday - EXAM 2 (chapters 5, 6, 7, 8, 9)
Read Chapters 10, 11 and 12
Discuss Chapters 10, 11 and 12
Mar 12 - Last Day to Withdraw
Week of
Mar 15 / SPRING BREAK (MAR 15 – MAR 18) NO CLASS
Week of
Mar 22 / Discuss Ch 10, 11 and 12
Read Chapters 13 and 14
Week of
Mar 2 / Discuss Chapters 13 and 14
Spring Break April 2 – 4 NO CLASS
Week of
Apr 5 / Discuss Ch 13 and 14
Review for Exam 3
Week of
Apr 12 / Monday - EXAM 3 (Chapters 10, 11, 12, 13 ,14)
Read Chapters 15, 16, and 17
Discuss Chapters 15, 16, 17
Week of
Apr 19 / Discuss Ch 15, 16 and 17
Week of
Apr 26 / Read Chapters 33 and 34
Discuss Chapters 33 and 34
Week of
May 3 / Discuss Ch 33 and 34
Review for Exam 4
Week of
May 10 / Final Exam Week – Exam 4
LEARNING OUTCOMES
After completing this course you should be able to:
1. Describe the importance of scarcity to economic decision making.
2. Identify the opportunity cost encountered in any decision.
3. Demonstrate the economic concepts of scarcity, trade-offs, efficiency, unemployment, and economic growth, using a production possibilities frontier model.
4. Interpret how changes in demand behavior and/or supply behavior affect prices and quantity in a market.
5. Justify how efficient market activity maximizes overall social well-being.
6. Demonstrate the inefficiencies that develop in a market when government imposes a price control.
7. Describe how the following macroeconomic measurements are calculated: nominal gross domestic product, price index, and unemployment.
8. Given proper data, compute the following macroeconomic measures: inflation rate, real gross domestic product, unemployment rate.
9. Defend the logic of the full-employment goal.
10. Describe the components of the business cycle.
11. Construct the AD-AS model of the macro economy and use it to illustrate macroeconomic problems and potential solutions.
12. Outline the precepts of classical economics.
13. Describe how an economy could self-regulate to a full-employment state.
14. Analyze Keynes’ criticism of classical economics.
15. Analyze Keynes’ role for government intervention into the economy.
16. Defend the use of deficit spending by the government in order to intervene in a recession.
17. Assess the problems of using excessive deficit spending by the government.
18. Justify the use of tax rate cuts to promote economic growth.
19. Describe fractional reserve banking as a means of controlling the size and growth of the money supply.
20. Compare and contrast the three tools that the Fed can use to control the money supply.
21. Relate a change in the money supply to a change in the inflation rate, a change in the economic growth rate, and a change in the interest rate.
22. Contrast the role of the Fed as espoused by activists and by non-activists.
23. Identify policies that promote economic growth.
24. Outline the impact of international trade on the macro economy and on macro policy decisions.
25. Assess the impact of globalization on international trade, investment, and the distribution of jobs.