ECO 2013 - PRINCIPLES OF MACROECONOMICS
3 Credit Hours
This syllabus is subject to change during the semester in the event of extenuating circumstances.
Instructor: / William Fleming Jr.Classroom: / Social Arts Building 303 (SA 303) St. Pete/Gibbs Campus
Office Location: / SPC Gibbs, SA Building, Room 312
Office Phone: / 727-341-4356
Cell Phone: / 706-461-1600
E-mail: /
Office Hours: / Monday thru Thursday I plan to be in the office from 12:30pm to 3:00pm. However, if those times don’t work for you, I encourage you to make an appointment!
Contacting the Instructor:
The best way to contact the instructor is by coming to class to ask any questions directly. Outside of class, you can always 1) call or stop by the office during office hours, or 2) e-mail messages through MyCourses, or 3) make an appointment to come by the office after office hours (sometimes this is the best option).
Academic Program: Department of Social and Behavioral Sciences
Dean: Dr. Joseph Smiley
Office Location:LY-150, Tarpon Springs
Office Phone: 727-712-5851
Academic Chair: Dr. Roberto Loureiro
Office: SA 205, St. Pete/Gibbs
Office Phone: 727-341-3556
COURSE PREREQUISITES
Prerequisites are ENC 0020 or ENC 0025 (Basic Writing) and REA 0002 or REA 0017 (Reading Techniques) or EAP 1695 (English as a Second Language). Some math background would also be helpful.
COURSE DESCRIPTION
This is a course in economic principles involving the overall operation of the market economy. Particular attention will be given to the effects of aggregate demand and aggregate supply on the levels of output, employment and prices. The course will also examine how fiscal and monetary policy may be used in dealing with macroeconomic problems such as unemployment, inflation and economic fluctuations. This course also covers some limited financial literacy topics and partially satisfies the writing requirements outlined in the General Education Requirements. Credit is not given for both ECO 2013 and Honors Macroeconomics. 47 contact hours.
TEXT REQUIRED:
Foundations of Economics, 8th Edition
Student Value Edition
w/ MyEconLab Access Card with code,
by Robin Bade and Michael Parkin
ISBN-10: 1-323-00248-0
ISBN 13: 978-1-323-00248-3
The Pearson eTextFoundations of Economics, 8th Edition is also acceptable.
Students will also need access to MyEconLab(also known as “MyLab Economics”) to complete Homework,Quizzes, and Tests.
1.TEACHING METHOD FORMAT
a. Class lecture/discussion
b.Assigned readings in textbook
c. Online activities (for example: games, surveys, podcasts)
d. Objective Assignments on MyEconLab(Homework, Quizzes, and Testing)
e. Writing assignments on MyCourses
2.ALL HOMEWORK, QUIZZES, AND EXAMS ARE ONLINE
3.ATTENDANCE AND PARTICIPATION POLICY
Attendance is determined by the students’ completion of assignments. To be considered "present" each week of class, you must complete the assignments due that week.If your official attendance and participation stops, this will NOT prevent the awarding of a final grade.
4.GRADING
Evaluation Guidelines How are students evaluated in this course? Grades will be assigned based on a student's performance. The following table shows the types of assignments and estimates the points per assignment, number of assignments, and total points per type of assignment in which this performance is assessed:
Type ofAssignment
Homework on MyEconLab
Quizzes on MyEconLab
Unit Exams on MyEconLab
Discussion Entries on MyCourses
Communication Project
Class Attendance
Extra Credit Opportunities
Final Exam (replaces unit exams)
Grading Scale
The grading scale is as follows:
Final Grade / PercentageA / 100% to 90%
B / 89% to 80%
C / 79% to 70%
D / 69% to 60%
F / Below 59%
Assignment Descriptions:
MyEconLab Homework and Quizzes (ONLINE)-Students will be required to register on MyEconLab and complete assigned MyEconLab Homework and Quizzes. These MyEconLab Homework and Quizzes will be usually 10 problems each.
MyEconLab Unit Exams (ONLINE) - Students will be required to take objective (multiple choice) exams covering either three or four chapters comprising each unit. Unit exams are intended to simulate exams students take inside classrooms. Therefore, unit exams are timed (so if you take a break, your exam time will continue to expire just as it would in an exam you were taking in class).
Communication Projects(ONLINE) - In this class students have a choice among several methods to communicate their academic findings. (1) The first choice is the traditional paper (in MLA or APA format). Students who write papers must work on their own (no group papers allowed) and will be required to submit the paper in electronic form in the Research Paper Dropbox. (2) Another acceptable alternative is an individual or group video. Students who create videos will be asked to post the video and be available for questions from fellow students. Late Communication Projects will absolutely not be accepted under any circumstances.
Discussion Forums Students will be required to contribute their entries to a discussion forum in MYCOURSES on selected topics. Discussion lists will be closed after the due date.
Final ExaminationThe final examination is optional for all students, but is also comprehensive. The score from the final will replace term exam scores. A student may improve his or her final grade by taking the final, but a low score can also lower their final grade.
Extra Credit: Limited opportunities for extra credit will be available. For example, extra credit quizzes may be available for more practice with the type of questions students may face on exams.
5.SPECIAL ACCOMMODATIONS
If you wish to receive special accommodations as a student with a documented disability, please make an appointment with the Learning Specialist, SS 104, 791-2710. If you have a documented hearing loss, please contact the Program for the Deaf/Hard of Hearing, SS 101, 791-2628 (V/TDD). If you will need assistance during an emergency classroom evacuation, please contact your campus Learning Specialist immediately about arrangements for your safety. The telephone numbers for the Office of Services for Students with Disabilities are 791-2628 or 791-2710.
6.TENTATIVE SCHEDULE including COVERED CHAPTERS and DUE DATES
See Assignment Links in "MyCourses" and “MyEconLab.” In the event of an emergency (e.g. hurricane) that closes the physical campus, this class will continue online and on schedule.
7.IMPORTANT COLLEGE WIDE DATES – Go to
8.IMPORTANT SYLLABUS NOTES:
Note #1
Any student whose disability falls within the American Disabilities Act (ADA) and requires accommodations should contact the Learning Specialist on campus. If you have a documented hearing loss, please contact the Program for the Deaf/Hard of Hearing at (727) 791-2628. If you expect to need assistance in the event of an emergency classroom evacuation, please contact your campus Learning Specialist immediately about arrangements for your safety. The Office of Services for Students with Disabilities can be reached at (727) 791-2628 or (727) 791-2710 (CL), (727) 341-4758 (SP/G), (727) 394-6108 (SE), (727) 712-5789 (TS) or (727) 341-4532 (AC). Accommodations will not be provided without documentation in writing from the appropriate St Petersburg College office. Please visit the Disabilities Resources website for more information and useful links
Note #2
As commonly defined, plagiarism consists of passing off as one's own the ideas, words, writings, etc., which belong to another. In accordance with this definition, you are committing plagiarism if you copy the work of another person and turn it in as your own, even if you should have the permission of that person. Plagiarism is one of the worst academic sins, for the plagiarist destroys the trust among colleagues without which research cannot be safely communicated.
Note #3
Students should be aware that academic dishonesty involves acts other than plagiarism. Cheating is also another sin in academic work. Ultimately cheating will destroy one’s ability to trust its own ideas and insights. If a student is observed cheating on tests, exams, the student will be subjected to the procedures stipulated in the handbook. Punishment may result in a grad of “F” or dismissal from the course. For more information on this issue, please visit
Note #4
The handouts used in this course are copyrighted. By “handouts,” I mean all materials generated for this class, which include but are not limited to syllabi, quizzes, exams, lab problems, in-class materials, review sheets, and additional problem sets (whether they are online or in class). Because these materials are copyrighted, you do not have the right to copy the handouts, unless I expressly grant permission.
Note #5
Course withdrawal: Students should familiarize themselves with the policies and procedures contained in the student handbook. Students who simply discontinue attending class without officially withdrawing from the course will receive a grade based upon the total points they have accumulated in the course. Ordinarily, the result will be a grade of “F.” Please visit the following website for more information and useful links
Note #6
Federal and State law requires a person designated as a sexual predator or offender to be registered with the Florida Department of Law Enforcement (FDLE). The FDLE then is required to notify the local enforcement agency where the registrant resides, attends or is employed by an institution of higher learning. Information regarding sexual predators or offenders attending or employed by an institution of higher education can be obtained from the local law enforcement agency with jurisdiction for the particular campus, by calling the FDLE hotline (1-888-FL-PREDATOR) or (1-888-357-7332, or by visiting the FDLE website at If there are questions or concerns regarding personal safety, please contact the Provost, Associate Provost, Campus Security Officer or Site Administrator on your campus. Please visit the following website for more information and useful links
Note #7
Please, familiarize yourself with the emergency procedures and evacuation routes located in the buildings you use frequently. Located in each classroom is an Emergency Response Guide (flip-chart) that contains information for proper actions in response to emergencies. You should be prepared to assess situations quickly and use good judgment in determining a course of action. You should evacuate to assembly areas in an orderly manner when an alarm sounds or when directed to do so by college faculty or staff or emergency personnel. You may access additional emergency information by going to for campus safety and security information.
Note #8
Note on Service Animals. Students bringing service animals (not limited to dogs) into the classroom are not required to be registered through the Disabilities Services office nor are students required to do so in order to bring a service animal into the classroom. Should an animal create a disturbance in the classroom (i.e., excessive barking) that is disruptive, the student and animal can be excused from the classroom. Any questions or concerns should be directed to the Dean or Department Chair.
Note #9
Strive for Success. Everyone can be successful and receive credit for this class. To be successful requires each student to follow the directives outlined here, and to put forth his/her best effort based on each one’s capabilities. If you have questions, concerns or problems, please see the instructor for help immediately. Please, for more information and suggestions on support and resources available to SPC students, visit the following website:
Major Learning Outcomes
1. The student will demonstrate an understanding of the basic tools needed to understand current macroeconomic theory.
2. The student will develop an understanding of the basic theories involved in the study of macroeconomics.
3. The student will develop an understanding of the operation of the market economy.
4. The student will develop an understanding of how economists measure production.
5. The student will develop an understanding of the effects of aggregate demand and aggregate supply on the levels of output, employment, and prices.
6. The student will understand of the different types of fiscal and monetary policy tools used in the United States.
7. The student will gain an understanding of the accomplishments and limitations of monetary and fiscal policies.
8. The student will develop skills needed to apply basic macroeconomic principles.
9. The student will develop basic financial literacy skills.
Course Objectives Stated in Performance Terms
1. The student will demonstrate an understanding of the basic tools needed to study current economic theory. Each student will demonstrate this knowledge by his/her ability to:
a. define economic terminology
b. identify and recall mathematical formulas used to solve problems involving basic economic principles
c. identify, illustrate, and interpret graphs
d. recall basic math and algebra
2. The student will develop an understanding of basic economic theories involved in the study of macroeconomics. Each student will demonstrate this knowledge by his/her ability to:
a. illustrate these principles graphically
b. identify and explain these principles
3. The student will develop an understanding of the operation of the market economy as evidenced by his/her ability to:
a. determine changes in equilibrium price under given market situations.
b. determine changes in equilibrium output under given market situations.
4. The student will develop an understanding of the role of how economists measure production as evidenced by his/her ability to:
a. recall formulas involving national income accounting
b. solve mathematical problems involving national income accounting
5. The student will develop an understanding of the effects of aggregate demand and aggregate supply onthe levels of output, employment, and prices. Each student will demonstrate this understanding by his/her ability to:
a. determine the macroeconomic equilibrium at various levels of aggregate demand
b. describe the individual components of aggregate demand and aggregate supply
6. The student will acquire understanding of the different types of fiscal and monetary policy tools used in the United States.Each student will demonstrate this understanding by his/her ability to:
a. determine the difference between monetary and fiscal policy
b. describe the types of monetary and fiscal policy tools
7. The student will gain an understanding of the accomplishments and limitations of monetary and fiscal policies. Each student will demonstrate this understanding by his/her ability to determine:
... what changes will occur in output, employment, incomes, and prices when certain fiscal policy tools are implemented.
8. The student will develop skills needed to apply basic macroeconomic principles as evidenced by his/her ability to predict the theoretical outcome of changes in various market situations.
9. The student will demonstrate basic financial literacy by:
Performing basic personal financial calculations including
...calculating interest paid using different interest and financing options
...calculating retirement account savings using different retirement options
...calculating federal income tax
...calculating net worth
Developing a personal budget
Establishing a plan to pay off debt
Analyzing credit scores and reports
Comparing and contrasting investment options
Explaining how economics influences a personal financial plan
Rationale
The ECO 2013 course was changed as part of the three year curriculum review process. Actions taken in this review by economics faculty included changing terminology to accurately reflect current usage in the discipline.
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