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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title: PRINCIPLES OF MACROECONOMICS
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Course Prefix & Number: ECON 2301
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Section Number: 407
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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
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Daniel Hachem
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Campus/Office Location:
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Ponder High School
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Telephone Number:
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940-498-6295
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E-mail Address:
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dhachem@nctc.edu
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GRADING CRITERIA
Exam 1: 20%
Exam 2: 20%
Exam 3: 20%
Exam 4: 20%
Connect Assignments: 20%
Total 100%
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
Last day to withdraw from a course with a “W” is November 3.
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
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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GENERAL DESCRIPTION AND TENTATIVE SCHEDULE
Week 1: Chapter 1: Limits, Alternatives, and Choices
Week 2: Chapter 2: The market System and the Circular Flow and Chapter 3: Demand, Supply and Market Equilibrium
Week 3: Chapter 3: Demand, Supply and Market Equilibrium
Week 4: Review for Exam 1 and Exam 1. Connect Assignment Due.
Week 5: Chapter 6: An Introduction to Macroeconomics and Chapter 7: Measuring Domestic Output and National Income
Week 6: Chapter 8: Economic Growth and the Business Cycle and Chapter 9: Business Cycles, Unemployment and Inflation
Week 7: Review for Exam 2 and Exam 2. Connect Assignment Due.
Week 8: Chapter 10: Basic Macroeconomic Relationship and Chapter 11: The Aggregate Expenditures Model
Week 9: Chapter 12: Aggregate Demand and Aggregate Supply Model and Chapter 13: Fiscal Policy, Deficits , and Debt
Week 10: Review for Exam 3 and Exam 3. Connect Assignment Due.
Week 11: Chapter 14: Money, Banking and Financial Institutions and Chapter 15: Money Creation
Week 12: Chapter 16: Interest Rates and Monetary Policy and Chapter 17: Financial Economics
Week 13: Chapter 20: International Economics
Week 14: Chapter 21: The Balance of Payments, Exchange Rates, and Trade Deficits
And Make-Ups
Week 15: Review for Exam 4 and Exam 4. Connect Assignment Due.