Course Title: PRINCIPLES OF MACROECONOMICS (MWF) 10:41 AM-11:29 AM

Course Prefix &Number: ECON 2301

Section Number: 841

Semester: Spring 18

Semester Credit Hours: 3

Lecture Hours: 3

AHSTBA

Lab Hours: N/A

Course Description (NCTC Catalog):

An analysis of the economy 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.

Course Prerequisite(s): None

Required Materials:

Macroeconomics: Principles, Problems, & Policies (eBook with ConnectPlus with LearnSmart) by McConnell, Brue, & Flynn, McGraw Hill, 21th edition, ISBN 9781259915640

   **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.

Name of Instructor:

Moses Omane-Boateng

Campus/Office Location:

Econ & Govt. Dept.: Corinth (RM 313)

Faculty Room Office Hrs. 8:30 am-9:30 am

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

A Local Bank Trip Day Money Market and Savings Account Search (10) and Readiness Quizzes (90)

Canvas Computed Attendance Grade

100 Points

100 Points

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 per the web-site/Internet.

·         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: February 28-Learning Outcomes

·         Limits Alternatives and Choices-Chapter 1: Review Questions: p. 18: Q. 1 and Problems p. 20 Q. 5.  Due: Jan. 26

·         APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3.  Due: Jan. 26

·         Market System and Circular Flow-Chapter 2: p. 43: Discussion Q. 1; & p. 44: Review Q. 2 Due: Jan. 31

·         Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3: p. 63: Practice Figure 3.6.; & p.74: Problem Q. 7. -Due: Feb. 14

·         Complete Learn Smart Post Presentation Chapters 1, 2, 3-Due: Feb. 14

Pre-Exam Quiz#1-Due Feb. 19

Readiness Quiz 1-Jan. 29, Quiz 2-Feb. 5, Quiz- 3, Feb. 26

PORTFOLIO ANALYSIS DUE DATES

Portfolio Inception Due: Jan. 31

Portfolio Performance Report Due: Mar. 7

Portfolio Performance Final Report Due: Apr. 18

TEST 2: April 4-Learning Outcomes

·         Market Failures: Public Goods and Externalities-Chapter 4: p. 95: Discussion Q. 2 and p. 96: Review Q. 2.  Due: Mar. 5

·         Government Role and Government Failure-Chapter 5: p. 114. Review Questions Q. 4 & 5. Due: Mar. 19

·         GDP, Growth, and Instability: An Introduction to Macroeconomics-Chapter 6: p. 136. Problem Q. 3.  Due: Mar. 21

·         GDP, Growth, and Instability: Measuring Domestic Output and National Income-Chapter 7: p. 161: Practice Table 7. 5 & p. 156: Problem Q. 5 & Q. 7. Mar. 26

·         Complete Learn Smart Post Presentation Chapters 4,5,6, & 7-Due: Mar. 26

Pre-Exam Quiz # 2-Mar. 28.

Readiness Quiz: Q. 4-Mar. 5, Q. 5-Mar.19, Q. 6-Mar. 26

Final Exams-Learning Outcomes: May 9

·         GDP, Growth, and Instability: Economic Growth-Chapter 8: p. 178: Review Q. 1 & Problem Q. 1 & 2. Due: Apr. 9

·         GDP, Growth, and Instability: Business Cycles-Chapter 9: p. 198: Discussion Q. 1 & 8. Due: Apr. 16

·         Economic Models and Fiscal Policy: Basic Macroeconomic Relationships-Chapter 10: p. 218: Discussion Q. 7.  p. 219 Problems Q. 1. Due: Apr. 18

·         Economic Models and Fiscal Policy: The Aggregate Expenditure Model and Output in the Short Run-Chapter 11: Practice Table 11.5. p. 233. Due: Apr. 23

·         Money, Banks, and the Federal Reserve System-Chapter 14: p.  Fed Monetary and Fiscal Policy- Functions, Responsibilities, and Financial Crisis-2007-2008. Due: Apr. 25

·         International Economics: International Trade- Case For Protectionism: A Critical Review: Review/Assignments: pp. 425. Due: Apr. 27

·         Internet Search: Key Economic Indicators such as Housing Starts-Due: April 20

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

April 23

 Pre-Final Quiz Due: April 25

Readiness Quiz: Q. 7-Apr. 2, Q. 8-Apr. 9, Q. 9-Apr. 16

Ø Please Note: Spring Break Is Scheduled For March 12-16

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 April 5

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:

Crystal R.M. Wright

Office Location:

Gainesville Campus, Room 824

Telephone Number:

940-668-7731, ext. 4320

E-mail Address:

cwright@nctc.edu

Name of Instructional Dean:

Dr. Bruce King

Office Location:

1525 W. California St., Gainesville, Texas

Telephone Number:

940-668-4267

E-mail Address:

bking@nctc.edu