ECON 2301 401 - PRINCIPLES OF MACROECONOMICS

Introduction

SPRING 2017

NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

 

Course Title: PRINCIPLES OF MACROECONOMICS

Course Prefix & Number: ECON 2301

Section Number:  401

Semester: 2017 SP

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

 

INSTRUCTOR INFORMATION

Name of Instructor:

Yvonne Kirshey

Campus/Office Location:

Corinth/331

Telephone Number:

972-841-9438

E-mail Address:

ykirshey@nctc.edu

 

Office hours:                      Mondays:  8:30 am – 9 am & 10 am - 11 am Rm TBD

(ALL in Corinth)                 Tuesdays: 9 am – 9:30 am Rm 264 & 2 pm – 3:30 pm Rm 331

                                                Wednesdays: 8:30 – 9 am, 10 - 11 am & 12 - 1:30 pm Rm TBD 

                                                Thursdays: 9 am – 9:30 am Rm 264 & 2 pm – 3:30 pm Rm 331

                                                Fridays: 8:30 - 9 am & 10 am - 11 am Rm TBD   

All emails answered within 24 hours.

If all of the above times conflict with other classes you may have, please email me to set up an appointment.

GRADING CRITERIA

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

13 of 14

Quiz /Homework/Learnsmart for each chapter - online

15% /25%/10%

3 of 4

In class tests

35%

14

Class participation activities, group work

10%

 1

 Project

 5%

 

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

 

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.

 

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.

Date

Day

Chapter covered

  

test

1/18

W

Syllabus

 

 

1/20

& 1/23

F/M

Chapter 1

    

1/25&27

W/F

 Chapter 2

 

  

1/30

M

Chapter 2

 

 

2/1-2/6

W/F/M

Chapter 3

 

 

2/8

M/W

Review

 

 

2/10

F

Test 1 (1-3)

  

Exam 1

2/13-15

M/W

Chapter 4

 

  

2/17

F

Chapter 7

 

 

2/20-22

M/W

Chapter 7

 

 

2/24-27

F/M

Chapter 8

 

 

3/1-3/6

W/F/M

Chapter 9

 

 

3/8

W

Review   

    

3/10

F

Test 2 (4-9)

 

Exam 2

3/13-17

M-F

SPRING BREAK

 

 

3/20-24

M/W/F

Chapter 10

 

 

3/27

M

Chapter 12

    

3/29

W

Chapter 12

 

 

3/31-4/3

F/M

Chapter 13

 

 

4/5

W

Review

 

 

4/7

F

Test 3

  

Exam 3

4/10-14

M/W/F

Chapter 14

 

 

4/17

M

Chapter 15

    

4/19

W

Chapter 15

 

 

4/21-26

F/M/W

Chapter 16

 

 

4/28

F

Homework Help

    

5/1-3

M/W

Chapter 20

 

 

5/5

F

Review

 

 

 

 

  

 

 

5/8

  

Same Room 9 am - 10:50 am

 

 Final Exam

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.

 

 

 Last day to withdraw from a course with a “W” is ___April 6th __________.

 

 

 

 

 

 

 

 

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

 

 

Name of Chair/Coordinator:

Donna Hooper-Smith

Office Location:

Corinth 209

Telephone Number:

940-498-6266

E-mail Address:

dhooper@nctc.edu

Name of Instructional Dean:

Dr. Larry Gilbert

Office Location:

Corinth 305

Telephone Number:

940-498-6216

E-mail Address:

lgilbert@nctc.edu