Course Title: PRINCIPLES OF MACROECONOMICS

Course Prefix & Number: ECON 2301

Section Number:  310

Semester: 161S

Semester Credit Hours: 3

Lecture Hours: 3

Lab Hours: N/A

Course Description (NCTC Catalog):

An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy. 48 lecture hours.

Course Prerequisite(s): None

Required Materials:

Macroeconomics: Principles, Problems, & Policies (ebook with ConnectPlus with LearnSmart) by McConnell, Brue, & Flynn, McGraw Hill, 20th edition, 9781259278563.  Students can purchase a loose leaf book directly from McGraw Hill when registering Connect Access.

Connect Access:  The textbook, LearnSmart, and Connect activities are all maintained within the McGraw-Hill Connect System.  Students need to be enrolled immediately in Connect, which can be purchased at the bookstore, or online directly from McGraw-Hill in Canvas on the first day of class. Temporary access can be obtained from McGraw-Hill for 14 days.  Students must be enrolled by the end of Day 3, as assignment are due immediately.

Name of Instructor:

Yvonne Kirshey

Campus/Office Location:

COR TBD (Faculty Workroom)

Telephone Number:

E-mail Address:

ykirshey@nctc.edu (Please use Canvas email unless Canvas is not available)

At the successful completion of this course the student will be able to:

Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in

economic decision-making.

Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

Define and measure national income and rates of unemployment and inflation.

Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.

Define money and the money supply; describe the process of money creation by the

banking system and the role of the central bank.

Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.

Explain the mechanics and institutions of international trade and their impact on the

macro economy.

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

13 of 14/13 of 14

Assignments/ Learnsmart Modules

25%/10%

14 of 15

Quizzes

15%

5

Discussion Board

10%

3 of 4

Exams

40%

 Grading Policy & Procedures

One EACH of the lowest Assignment, LS, quiz grades will be dropped.   No late assignments will be accepted.  The lowest exam grade will be dropped.  There will be 4 unit exams including a final cumulative exam.  If a student is happy with their grade after the 3 unit exams, they may choose not to take the final exam.  No makeup exams are given – you must check the schedule and notify me at the beginning of the course if you have a conflict with an exam date. 

Extra credit assignments are NOT guaranteed and will be given at the discretion of the instructor.  Any extra credit will be assigned to enhance the learning experience and not simply to raise a grade.

CANVAS/CONNECT ACCESS:  All students must have complete access to Canvas for the entire semester.  It is the student’s responsibility to have access to the internet at all times, as well as having all needed programs to complete an online course.  Students are not to give any other person access to his/her Canvas account.  Students can be removed from the online course immediately for violating this rule.  Once a student has given another person access to his/her Canvas account, the credibility of any work becomes questionable.

Assignments must be submitted via Canvas/Connect.  No assignments will be accepted via email.

 Tentative

 Course  Schedule

All dates subject to change.  Check Canvas calendar for most current schedule.

 Con = Connect,    DBoard = Discussion Board, LS = LearnSmart Modules, HW = Homework