Macroeconomics – Beebe ()

This course is designed to teach students how human behavior influences outcomes in large-scale and aggregate markets. This course will introduce concepts relating to entire economies focusing on the United States economy. By the end of the semester students will understand how institutions, such as governments and central banks, impact household consumption, firm investments, government purchases, as well as imports and exports in a modern economy.

Course Outcomes

Analyze and discuss the functioning of a mixed enterprise system. Examine topics of the economic role of government, determination of national income, the banking system, and Federal Reserve policy. Assess macroeconomic policy. Analyze and discuss problems such as the level of unemployment, the rate of inflation, the nation’s total output of goods and services, fiscal and monetary policies.

Instructor

Fred Beebe, Associate Professor of Economics
Office - T2355; (562) 938-4015, Office Hours: MW 8:00-9:30am, TTH 7:30-8:30am

Required Text

Abel: Workbook and reader to accompany MacroEaseonomics™: Course packet.

Examinations

Exams will consist of 20 scantron questions and written work. You will need four scantron forms "886 E" (mini essay book) for the class. The written work will consist of math, graphing, and written responses. 40% of your total points will come from written work. THERE WILL BE NO MAKE UP EXAMINATIONS.

Important exam rules: All exams are numbered and checked out to students. Students must check exams into the instructor when they complete the exam. Students must never write on the instructor's copy of the exam, they may write on their scantron; only pencil is permitted on exams. Once the exam starts, students must remain in the room until the exam is completed and checked in to the instructor. Students may never use any electronic communication devices during any exam. Students may not wear hoods, sunglasses, earphones or some caps during exams. Book bags must be closed during all exams. Students may only have necessary testing materials on their desks. Students may never communicate with other classmates during exams. All written work for exams must start on page 2 of the scantron and be completed on the inside pages of the scantron. Failure to comply with any of these rules will result in an "F" (fail) for the course.

All exam dates will be given in advance. Should you miss exam one, two or three for any reason the high fail will be assigned to you. For example exam two will be assigned 26 out of 45 points. If you miss exam four you will receive a score of zero points on that exam. Should you sit for exam one, two or three and score below the high fail, a minimum score of the low "D" will be assigned to you. There is no minimum score on examination four. If you wish to take an exam early, please provide a written request prior to the test date.

Homework

Homework will be assigned for nearly all chapters. These assignments are preps for the scantron questions and samples of the written work on the exams. Completing the homework is like taking a practice test. All homework will be reviewed in class. If there are any extra credit opportunities, they will come from these assignments.

Cheating and Conduct

Students are expected to do their own work. Cheating, or the perception of cheating, on examinations or other assignments will result in an "F" (fail) for the course. All behavior must adhere to the Standards of Student Conduct and Campus Rules as outlined in the Academic Polices section your college catalog. These standards and rules are in compliance with section 22635 of the State Educational Code. Students should become familiar with their rights and the rights of teachers.

Incomplete Grades

Incomplete grades, F/I will only be offered under unusual and serious circumstances. F/Is will require formal documentation such as a, funeral notice, police report, or hospitalization document.

Due Dates, Lateness, and Attendance

No work will be accepted late. Please try not to be late to class. At the end of the semester if you are between two letter grades, excessive lateness will earn you the lower grade. 15 MINUTE RULE. Please attend class regularly. Excessive absences may result in a "W" (withdrawal) from the course. At the end of the semester if you are between two letter grades, excessive absences will earn you the lower grade.

Withdrawals

It is the responsibility of the student to properly withdraw from the class prior to the last possible withdrawal date. Please check with the Admissions Office for all important dates regarding status in the class.

Electronic Devices

Students are welcome to record lectures. No laptop, notebook, or tablet computers. No cell phones or smart phones. No text-ting. No programmable calculators.

Guidelines for Letters of Recommendation

For letters to transfer schools or jobs: The student must complete two of my courses. The student must earn a letter grade of “A” in both courses. The student must demonstrate exceptional class participation, attendance, and promptness. For letters of recommendation for honors programs or scholarships: The student must complete one of my courses. The student must earn a letter grade of “A” in that course. The student must demonstrate exceptional class participation, attendance, and promptness.

Grades
All final grades are submitted electronically. Students may check their grade electronically approximately 10 days after the final examination.

Student Evaluation
Examination 1...... 35(20 points scantron and 15 points written)
Examination 2...... 45(20 points scantron and 25 points written)
Examination 3...... 55(40 points scantron and 15 points written)
Examination 4……………...65 (40 points scantron and 25 points written)
Total Points...... 200

Grading
180 - 200 = A
160 - 179 = B
140 - 159 = C
120 - 139 = D
under 120= F

Weekly Calendar
Wk Chapter Assignment

1 Chapter 1- Economic Theory

2 Chapter 2- Supply, Demand and Markets

3 Chapter 3- Government and Markets

4 First Examination - Chapters 1 - 2

5 Chapter 4- Macro Markets and the Circular Flow of the Economy

6 Chapter 5- The Business Cycle and the Resource Market

7 Chapter 6- Measures of Output

8 Second Examination - Chapters 3 - 5

9 Chapter 7- The Goods and Services Market

10 Chapter 8- The Aggregate Expenditure Model

11 Chapter 9- Fiscal Policy

12 Third Examination - Chapters 6 - 8

13 Chapter 10- Money and Banking

14 Chapter 11- Monetary Policy and the Foreign Exchange Market

15 Chapter 12- The Relationship between Fiscal and Monetary Policy

16 Fourth Examination- Chapters 9 - 12

Fall 2012: 8/27 – 12/16

MTWR F

8:00-9:30am7:30-8:30am8:00-9:30am7:30-8:30am

OfficeOfficeOfficeOffice

9:35-11:00am8:50-10:15am 9:35-11:00am8:50-10:15am

Econ 1Econ 1Econ 1Econ 1

T1327F110T1327F110

11:10-12:35pm10:25-11:50am11:10-12:35pm10:25-11:50am

Econ 1Econ 2Econ 1Econ 2

T1327F110T1327F110

12:00-1:00pm12:00-1:00pm

CollegeCollege

HourHour

1:00-2:25pm1:00-2:25pm

Econ1HEcon1H

T1327T1327

Finals 12/10 – 12/14

Campus Closed

9/3Labor Day

10/9Flex

11/12Veteran’s Day

11/22-23Thanksgiving

T2355

(562) 938 – 4015