ECON 2301 410 - PRINCIPLES OF MACROECONOMICS

Introduction

Course Title: PRINCIPLES OF MACROECONOMICS (MTWR)

9:30 am-11:50 am-Summer 1: A 5-Week Course

Course Prefix &Number: ECON 2301

Section Number: 410

Semester: Summer 1 2018 (Jun 4-July 5)

Semester Credit Hours: 3

Lecture Hours: 3

COR/COR01/216

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.

 

INSTRUCTOR INFORMATION

Name of Instructor:

Moses Omane-Boateng

Campus/Office Location:

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

Faculty Room 313/Library For Office Hrs. 1:00 pm-3:00 pm

Telephone Number:

Corinth: 940-498-6295 Ext. 6256

E-mail Address:

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

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.

 

GRADING CRITERIA

# 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

2 PHASES

 

 

10

 

 

Investment Portfolio SIMULATION PROJECT:

Portfolio Inception Report 25 points

Final Portfolio Performance 75 points

Connect Learn-Smart Post Chapters Presentations Practice Assignments

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

Canvas Computed Attendance Grade

100 Points

 

 

100 Points

100 Points

 

100 Points

Course Expected Aggregate Points is 9000

GRADING POLICY AND PROCEDURES

 

 

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.

 

 

 

TENTATIVE COURSE SCHEDULE

 

TEST 1: June 12

  • Limits Alternatives and Choices-Chapter 1: Review Questions: p. 18: Q. 1 and Problems p. 20 Q. 5.  Due: June 5
  • APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3.  Due: June 5
  • Market System and Circular Flow-Chapter 2: p. 43: Discussion Q. 1; & p. 44: Review Q. 2 Due: June 6
  • Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3: p. 57: Practice Figure 3.6, Complete the Quiz, and Develop

The Graph; & on p. 68, Solve Problem Q. 7. -Due: June 7

  • Complete Learn Smart Post Presentation Chapters 1, 2, 3-Due: June 11

Pre-Exam Quiz#1-Due: June 7

Readiness Quiz 1-June 5, Quiz 2- June 6, Quiz- 3,  June 7

 

PORTFOLIO ANALYSIS DUE DATES

Portfolio Inception Due: June 6

Portfolio Performance Final Report Due: June 28 plus Presentations July 2

TEST 2: June 20-Learning Outcomes

  • Market Failures: Public Goods and Externalities-Chapter 4: p. 95: Discussion Q. 2 and p. 96: Review Q. 2.  Due: June 11
  • Government Role and Government Failure-Chapter 5: p. 114. Review Questions Q. 4 & 5. Due: June 12
  • GDP, Growth, and Instability: An Introduction to Macroeconomics-Chapter 6: p. 136. Problem Q. 3.  Due: June 13
  • GDP, Growth, and Instability: Measuring Domestic Output and National Income-Chapter 7: p. 147: Practice Table 7. 5 & p. 157: Problem Q. 5 &
  • Q. 7 Due: June 14
  • Complete Learn Smart Post Presentation Chapters 4, 5, 6, & 7 Due: June 14

Pre-Exam Quiz # 2-June 18

Readiness Quizzes: Q. 4-June 11, Q. 5- June 12, Q. 6-June 13

 

Final Exams-July 5-Learning Outcomes

  • GDP, Growth, and Instability: Economic Growth-Chapter 8: p. 178: Review Q. 1 & Problem Q. 1 & 2. Due: June 21
  • An Internet Search: Economic Indicators Article Summary Assignment Due: June 21
  • GDP, Growth, and Instability: Business Cycles-Chapter 9: p. 198: Discussion Q. 1 & 8. Due: June 25
  • Economic Models and Fiscal Policy: Basic Macroeconomic Relationships-Chapter 10: p. 218: Discussion Q. 7.  p. 219 Problems Q. 1. Due: June 26
  • Money, Banks, and the Federal Reserve System-Chapter 14 Bank Collaboration: Bank Trip Day Due: June 26
  • International Economics: International Trade- Case For Protectionism: President Trump Tariff Policy Feb. 2018-Class Application Class Critical

Review: July 2

  • Complete Learn Smart Post Presentation Chapters 8, 9, & 10-Due:June 27

Pre-Final Quiz Due: June 27

Readiness Quizzes: Q. 7-June 14, Q. 8 June 21, and Q. 9-UJune 25

 
  • 4th of July: Independence Day-Classes Dismissed-College Closed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER PERTINENT INFORMATION

 

 

 

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

  1. 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.
  2. Last day to withdraw from a course with a “W” June 28

 

 

 

 

 

 

 

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.

 

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______________________________


             Communication

             Mathematics                           

             Life and Physical Science

             Language, Philosophy & Culture

             Creative Arts

 

             American History

             Government/Political Science

X             Social and Behavioral Sciences

             Component Area Option

 


 

REQUIRED CORE OBJECTIVES


                     Critical Thinking

                     Communication

                     Empirical and Quantitative

 

                     Teamwork

                     Personal Responsibility

                     Social Responsibility


COURSE TYPE

             Academic General Education Course (from ACGM but not in NCTC Core)

X             Academic NCTC Core Curriculum Course

             WECM Course

 

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.

QUESTIONS, CONCERNS, or COMPLAINTS

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Syllabus File(s)

Handouts list view Handouts card view