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Course Title: PRINCIPLES OF MACROECONOMICS
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Course Prefix & Number: ECON 2301
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Section Number: 404
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Semester: 161S
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Semester Credit Hours: 3
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Lecture Hours: 3
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Lab Hours: N/A
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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.
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Course Prerequisite(s): None
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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. This is not required.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Yvonne Kirshey
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Campus/Office Location:
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Flower Mound
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Telephone Number:
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972-841-9438
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E-mail Address:
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ykirshey@nctc.edu
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GRADING CRITERIA
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# of Graded Course Elements
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Graded Course Elements
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Percentage or Point Values
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13 of 14
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Quiz /Homework/Learnsmart for each chapter - online
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15% /20%/10%
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2 of 3
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In class tests
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25%
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14
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Class participation activities, projects, group work
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10%
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1
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Final Exam
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20%
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Grading Scale
A = 89.5% and above
B= 79.5% and above
C = 69.5% and above
D = 59.5% and above
Grades posted each week so you can always be up-to-date on your progress
STUDENT LEARNING OUTCOMES
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At the successful completion of this course the student will be able to:
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Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in
economic decision-making.
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Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
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Define and measure national income and rates of unemployment and inflation.
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Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
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Define money and the money supply; describe the process of money creation by the
banking system and the role of the central bank.
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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.
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Explain the mechanics and institutions of international trade and their impact on the
macro economy.
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ATTENDANCE POLICY
Regular and punctual attendance is expected of all students in all classes for which they have registered. Absence does not relieve the student of the responsibility for making up required work. Dropping a course is the student's responsibility, but you MAY be dropped for excessive absence. See Attendance Regulations in the North Central Texas College Catalog.
TENTATIVE SCHEDULE
Instructor reserves the right to change.
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Date
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Day
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Chapter covered
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Quiz/test
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8/23
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T
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Syllabus
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8/25
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Th
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Chapter 1
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8/30
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T
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Finish 1 + Chapter 2
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9/1
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Th
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Chapter 2
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9/6
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T
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Chapter 3
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9/8
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Th
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Chapter 3
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9/13
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T
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Review + HH
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9/15
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Th
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Test 1 (1-3)
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Exam 1
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9/20
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T
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Chapter 4
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9/22
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Th
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Chapter 7
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9/27
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T
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Chapter 7
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9/29
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Th
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Chapter 8
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10/4
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T
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Chapter 9
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10/6
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Th
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Chapter 9
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10/11
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T
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Review +HH
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10/13
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Th
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Test 2 (4-9)
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Exam 2
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10/18 & 20
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T/Th
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Chapter 10
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10/23
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T
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Chapter 12
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10/25
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Th
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Chapter 13
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11/1
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T
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Review
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11/3
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Th
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Test 3
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Exam 3
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11/8
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T
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Chapter 14
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11/10
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Th
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Chapter 15
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11/15
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T
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Chapter 15
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11/17
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Th
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Chapter 16
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11/22
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T
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Chapter 20
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11/24
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Th
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Thanksgiving
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NO class
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11/29
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T
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Chapter 20
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12/1
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Th
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Review Final Exam
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FINAL EXAM: TBD (Same room) NO make-ups, no excuses.
Ch 1 Limits, Alternatives and Choices
Ch 2 The Market System and the Circular Flow
Ch 3 Demand, Supply and Market Equilibrium
Ch 4 Market Failures: Public Goods and Externalities
Ch 7 Measuring Domestic Output and National Income
Ch 8 Economic Growth
Ch 9 Business Cycles, Unemployment, & Inflation
Ch 10-(11) Basic Macro Relationships (and Aggregate Expenditures Model)
Ch 12 Aggregate Demand and Aggregate Supply
Ch 13 Fiscal Policy Deficits and Debts
Ch 14 Money, Banking and Financial Institutions
Ch 15 Money Creation
Ch 16 Interest Rates and Monetary Policy
Ch 20 International Trade
v Academic Dishonesty will not be tolerated in this course. You are not to give any person (which includes parents, spouses, friends, etc) access to your Canvas account at any time during the semester. If you do, you are putting the integrity of the course work completed in question. Do not ask someone to email me on your behalf in Canvas. If you have an emergency and cannot contact me yourself, it is best to have an alternative person contact me on my office phone 972-841-9438 or my NCTC email address:_ykirshey@nctc.edu. Again, do not give anyone access to your Canvas account. Any student who cheats on any course material (exams, assignment, post tests) will immediately fail the course and academic dishonesty papers will be filed with the Dean and VP of Instruction.
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Last day to withdraw from a course with a “W” is ___November 3rd __________.
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DISABILITY SERVICES (OSD)
The Office for Students with Disabilities (OSD) provides accommodations for students who have a documented disability. On the Corinth Campus, go to room 170 or call 940-498-6207. On the Gainesville Campus, go to room 110 or call 940-668-4209. Students on the Bowie, Graham, Flower Mound, and online campuses should call 940-668-4209.
North Central Texas College is on record as being committed to both the spirit and letter of federal equal opportunity legislation, including the Americans with Disabilities Act (ADA) of 1990, ADA Amendments Act of 2009, and Section 504 of the Rehabilitation Act of 1973 (P.L. 93-112). http://www.nctc.edu/StudentServices/SupportServices/Disabilityservices.aspx (Links to an external site.)
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA______________________________
o Communication
o Mathematics
o Life and Physical Science
o Language, Philosophy & Culture
o Creative Arts
o American History
o Government/Political Science
X Social and Behavioral Sciences
o Component Area Option
REQUIRED CORE OBJECTIVES
X Critical Thinking
X Communication
X Empirical and Quantitative
o Teamwork
o Personal Responsibility
X Social Responsibility
COURSE TYPE
o Academic General Education Course (from ACGM but not in NCTC Core)
x Academic NCTC Core Curriculum Course
o WECM Course
STUDENT HANDBOOK
Students are expected to follow all rules and regulations found in the student handbook. http://nctc.smartcatalogiq.com/en/2014-2015/Catalog/North-Central-Texas-College-Student-Handbook
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Name of Chair/Coordinator:
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Donna Hooper
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Office Location:
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Corinth 209
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Telephone Number:
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940-498-6266
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E-mail Address:
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dhooper@nctc.edu
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Name of Instructional Dean:
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Dr. Larry Gilbert
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Office Location:
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Corinth 305
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Telephone Number:
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940-498-6216
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E-mail Address:
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lgilbert@nctc.edu
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