Course Title: PRINCIPLES OF MACROECONOMICS (MTWR) 9:30-11:50 AM

Course Prefix &Number: ECON 2301

Section Number: 410

Semester: SUMMER 17-1

Semester Credit Hours: 3

Lecture Hours: 3

PPH  R101

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, 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

Supporting Materials

Low-function (11 functions or less) calculator and Graph Sheets for use during class sessions and exams.

“MACROECONOMICS”. (2008). By McConnell Bruce. The McGraw-Hill Companies Inc. ISBN-13: 978-0-07-721845-4.

Name of Instructor:

Moses Omane-Boateng

Campus/Office Location:

Econ & Govt. Dept.: Corinth (RM 331)

Pilot Point High Office Hrs. 3:00-5:00 PM

Telephone Number:

Corinth: 940-498-6295

E-mail Address:

Momane-boateng@nctc.edu/kwadwo@yahoo.com

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

3

Three Exams: 100 Points Each

300 Points

3

Three Pre-Exam  Quizzes: 33, 33, & 34 Points

100 Points

10

9 Selected End of Chapters Questions Assignments

An Internet Search: Economic Indicators Article Summary Assignment

90 Points

10 Points

3 PHASES

10

Investment Portfolio SIMULATION PROJECT:

Portfolio Inception Report 25 points

Mid-term Portfolio Performance  25 points

Final Performance Portfolio Report 50 points

Connect Learn-Smart Post Chapters Presentations  Practice Assignments

Canvas Computed Attendance Grade

100 Points

100 Points

100 Points

TOTAL POINTS EARNED MEASURED BY PERCENTILE LEVEL ARE:

100-90=A, 89-80=B, 79-70=C, 69-60=D, 59-0=F

NOTE:

Students will make corrections on homework assignments for extra credit to reinforce the chapter’s power point presentations.

·         Late Assignment will be subject to a 5-point Penalty deduction

·         Please Don’t Submit your assignment through the web-site.

·         All Assignments MUST  be submitted in class

Make-Ups

Rare instances are make-ups given. If you know in advance you will be absent on a test date, you may make a special arrangement with your professor for the Make-Up Quizzes/Exams.

TEST 1: June 13-Learning Outcomes

·         Limits Alternatives and Choices-Chapter 1: Review Questions: p. 22: Q. 1 and Problems Q. 5.

·         APPENDIX: Using Graphs and Their Meaning: Problems: p. 29: Q. 3.

·         Market System and Circular Flow-Chapter 2: p. 49: Discussion Q. 1; & p. 50: Review Q. 2

·         Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3: p. 63: Practice Figure 3.6.; & p.74: Problem Q. 7.

·         Complete Learn Smart Post Presentation Chapters 1,2,3-Due: June 12 Pre-Exam Quiz#1-Due June 8

PORTFOLIO ANALYSIS DUE DATES

Portfolio Inception Due: June 7

Portfolio Performance Report Due: ROE June 15

Portfolio Performance Final Report Due: ROE June 29

TEST 2: June 21-Learning Outcomes

·         Market Failures: Public Goods and Externalities-Chapter 4: p. 105: Discussion Q. 2 and Review Q. 2.

·         Government Role and Government Failure-Chapter 5: p. 125. Review Questions Q. 4 & 5.

·         GDP, Growth, and Instability: An Introduction to Macroeconomics-Chapter 6: p. 149. Problem Q. 3.

·         GDP, Growth, and Instability: Measuring Domestic Output and National Income-Chapter 7: p. 161: Practice Table 7.4; & p. 171: Problem Q. 5 & Q. 7.

·         Complete Learn Smart Post Presentation Chapters 4,5,6, & 7-

Due: June 20

Pre Exam Quiz # 2 Due: June 19

Final Exams-July 6 Learning Outcomes

·         GDP, Growth, and Instability: Economic Growth-Chapter 8:p. 193: Review Q. 1 & p. 194: Problem Q. 1 & 2.

·         GDP, Growth, and Instability: Business Cycles-Chapter 9: p. 196: Discussion Q. 1 & 8.

·         Economic Models and Fiscal Policy: Basic Macroeconomic Relationships-Chapter 10: p. 236: Discussion Q. 7. P. 237 Problems Q. 1.

·         Economic Models and Fiscal Policy: The Aggregate Expenditure Model and Output in the Short Run-Chapter 11: Practice Table 11.5.

·         Money, Banks, and the Federal Reserve System-Chapter 14: p. 323-326: Fed Monetary and Fiscal Policy- Functions, Responsibilities, and Financial Crisis-2007-2008.

·         International Economics: International Trade- Case For Protectionism: A Critical Review: Review/Assignments: pp. 458-463.

·         :Internet Search: Key Economic Indicators such as Housing Starts-Due: June 27

·         Complete Learn Smart Post Presentation Chapters 8, 9, & 10-Due:

June 29

 Pre-Final Quiz Due: July 3

Ø  Please Note: Spring Break Is Scheduled For March 13-16

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 Corinth: 940-498-6295 or my NCTC email address: momane-boateng@nctc.edu

v    Again do not give anyone access to your Canvas account.  Any student who cheats on any course material (exams, assignment, and posttests) will immediately fail the course and academic dishonesty papers will be filed with the Dean and VP of Instruction.

v    Last day to withdraw from a course with a “W” is June 28

Disability Services (OSD)

The Office for Students with Disabilities (OSD) provides accommodations for students who have a documented disability.  A disability is anything that can interfere with learning, such as a learning disability, psychological challenge, physical illness or injury. Accommodations may include extra time on tests, tests in a distraction reduced environment, volunteer note taker in class, etc.

On the Corinth Campus, go to room 170 or call 940-498-6207. On the Gainesville Campus, go to room 110 in the Administration (100) Building or call 940-668-4209.  Students on the Bowie, Graham, Flower Mound, and online campuses should call 940-668-4209 to arrange for an intake appointment with OSD.

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  

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

Support Services

Counseling and Testing staff offer a variety of services to current and prospective students, such as College 101, placement testing, academic advising and course registration, transfer assistance, and College Success seminars (Time Management, Study Skills, Test Anxiety, Choosing a Major, Learning Style Strategies, Career Exploration), and much more.  http://www.nctc.edu/StudentServices/CounselingTesting.aspx

 Student Success offers academic coaching, tutoring, including a Writing Center, a Math Lab, free 24/7 online tutoring through Grade Results and assist new students acclimate to college by providing computer lab services for prospective students.   First generation students can also participate in TRIO which offers specialized support services.

http://www.nctc.edu/StudentServices/SupportServices.aspx

Financial Aid offers financial resources for students that qualify, visit the financial aid offices for more information.  http://www.nctc.edu/FInancialAidHome.aspx

EEOC Statement

  North Central Texas College does not discriminate on the basis of race, color, national origin, gender, religion, age, or disability in the employment or the provision of services.

Name of Chair/Coordinator:

Donna Hooper

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