Course Title: PRINCIPLES OF MACROECONOMICS (MW)

10:00 am-11:20 am-Spring 2019 16-Week Course

Course Prefix &Number: ECON 2301

Section Number:760

Semester: Spring (Jan. 22-May 17 )

Semester Credit Hours: 3

Lecture Hours: 3

GR-R1B

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

Registration in the course gives you access to the e-book needed for ECON2301.  You do not need to purchase a separate textbook. 

Inclusive Access is a partnership between NCTC and McGraw-Hill Education, to provide the best learning resources on the first day of class. Students can gain access to McGraw-Hill’s adaptive online platforms with the latest version of the eBook at a discount. If students would like to purchase a physical copy of the textbook, they can order a discounted loose-leaf version through the bookstore.

Students who drop before the add/drop date will have their book fees credited back to their student account, and students who remain in the course will be charged a materials fee by the school to have continued access of the online platforms.  If you remain enrolled in the course but wish to opt-out of access to the book please email the NCTC Bookstore with your name and student number to 1263mgr@follett.com.

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.: Graham Faculty Room

Office Hrs. 12:00 pm-2:00 pm

Telephone Number:

Corinth: 940-498-6295 Ext. 6256 Graham: 940-521-0720

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

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

GRADING POLICY AND PROCEDURES

TOTAL POINTS EARNED MEASURED BY PERCENTILE LEVEL ARE:

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: Feb. 25- Learning Outcomes

• Limits Alternatives and Choices-Chapter 1: Review Questions: p. 18: Q. 1 and Problems p. 20 Q. 5.  Due: Jan. 28
• APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3.  Due: Jan. 28
• Market System and Circular Flow-Chapter 2: p. 43: Discussion Q. 1; & p. 44: Review Q. 2 Due: Feb. 4
• 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: Feb. 11
• Complete Learn Smart Post Presentation Chapters 1, 2, 3-Due: Feb. 13

Pre-Exam Quiz#1-Due: Feb. 18

Readiness Quiz 1-Jan. 30, Quiz 2- Feb. 6, Quiz- 3, Feb. 20

PORTFOLIO ANALYSIS DUE DATES

Portfolio Inception Due: Feb. 4

Portfolio Performance Final Report and Presentations Due: April 17

TEST 2: April 1-Learning Outcomes

• Market Failures: Public Goods and Externalities-Chapter 4: p. 95: Discussion Q. 2 and p. 96: Review Q. 2.  Due: Mar. 4
• Bank Trip Day Due: Mar. 6
• Government Role and Government Failure-Chapter 5: p. 114. Review Questions Q. 4 & 5. Due: Mar. 18
• GDP, Growth, and Instability: An Introduction to Macroeconomics-Chapter 6: p. 136. Problem Q. 3.  Due: Mar. 25
• 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: Mar. 27
• Complete Learn Smart Post Presentation Chapters 4, 5, 6, & 7 Due: Mar. 27

Pre-Exam Quiz # 2-Mar. 25

Readiness Quizzes: Q. 4-Mar. 6, Q. 5- Mar. 18, Q. 6-Mar. 27

Final Exams-May 15-Learning Outcomes

• GDP, Growth, and Instability: Economic Growth-Chapter 8: p. 178: Review Q. 1 & Problem Q. 1 & 2. Due: Apr. 8
• GDP, Growth, and Instability: Business Cycles-Chapter 9: p. 198: Discussion Q. 1 & 8. Due: Apr. 15
• An Internet Search: Economic Indicators Article Summary Assignment Due: Apr. 22
• Economic Models and Fiscal Policy: Basic Macroeconomic Relationships-Chapter 10: p. 218: Discussion Q. 7.  p. 219 Problems
• Q. 1. Due: Apr. 22
• International Economics: International Trade- Case For Protectionism: President Trump Tariff Policy Feb. 2018-Class Application
• Critical Review: Apr. 29
• Complete Learn Smart Post Presentation Chapters 8, 9, & 10-Due:Apr. 24

Pre-Final Quiz Due: Apr. 29

Readiness Quizzes: Q. 7-Apr 3 , Q. 8 Apr. 15, and Q. 9-Apr. 22

• SPRING-BREAK: March 11 Through March 16-Classes Resume on March The 18th
•  

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

5. 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.
6. Last day to withdraw from a course with a “W” April 4

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.

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