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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title: Principles of Macroeconomics
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Course Prefix & Number: ECON2301
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Section Number: 852
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Semester/Year: Fall 2019
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Semester Credit Hours: 3
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Lecture Hours: 3
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Lab Hours: 0
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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.
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Course Prerequisite(s): None
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Required Materials:
McConnell, Brue & Flynn. Principles, Problems & Policies
(ebook with Connect Plus with Learn Smart)
McGraw Hill 21st edit ISBN 9781259915680
Connect Access: The textbook, LearnSmart, and Connect activities are all maintained within the McGraw-Hill Connect System. Students need to be enrolled immediately in Connect, which can be purchased at the bookstore, or online directly from McGraw-Hill in Canvas on the first day of class. Temporary access can be obtained from McGraw-Hill for 14 days. Students must be enrolled by the end of Day 1, as assignment are due immediately.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Melissa Blankenship
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Campus/Office Location:
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FM 107
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Telephone Number:
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972-899-8400 x8504
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E-mail Address:
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mblankenship@nctc.edu (Please use CANVAS email unless not available)
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OFFICE HOURS
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Monday
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Tuesday
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Wednesday
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Thursday
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Friday
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8-9:20 am Econ 2301
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8:20-9:50 Econ 2301 (LHS)
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8-9:20 am Econ 2301
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8:20-9:50 Econ 2301 (LHS)
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By appt only
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9:30-11 Office
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10:30-12 Office
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9:30-11 Office
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10:30-12 Office
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11-12:20 Econ 2302
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2:05 – 3:35 Econ 2301 (LHS)
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11-12:20 Econ 2302
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2:05 – 3:35 Econ 2301 (LHS)
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2-3:30 Office
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7-8 Online Office Hours
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2-3:30 Office
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STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog
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At the successful completion of this course the student will be able to:
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Explain the role of scarcity, specialization, opportunity cost, and cost/benefit analysis in economic decision-making.
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Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
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Define and measure national income and rates of unemployment and inflation
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Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
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Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
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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.
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Explain the mechanics and institutions of international trade and their impact on the macro economy.
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Define economic growth and identify sources of economic growth.
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GRADING CRITERIA
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Graded Course Elements
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Percentage or Point Values
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Homework/LearnSmart/Discussion Boards
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20%
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Quizzes
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20%
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Projects
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20%
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Exams
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40%
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GRADING POLICIES
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The 2 lowest homework grades will be dropped. The lowest quiz grade will be dropped. No late assignments will be accepted. The lowest exam grade will be dropped, providing the student submits the Assessment Quiz at the end of the course. For an extra credit point, email me a picture of a duck. No makeup exams are given – you must check the schedule and notify me at the beginning of the course if you have a conflict with an exam date. A cumulative Assessment Quiz will serve as your capstone assessment for the course. StudentsMUST complete the Assessment Quiz in order to have their lowest exam grade dropped. The Assessment Quiz may not be dropped.
Extra credit assignments are NOT guaranteed and will be given at the discretion of the instructor. Any extra credit will be assigned to enhance the learning experience and not simply to raise a grade.
CANVAS/CONNECT ACCESS: All students must have complete access to Canvas for the entire semester. It is the student’s responsibility to have access to the internet at all times, as well as having all needed programs to complete an online course. Students are not to give any other person access to his/her Canvas account. Students can be removed from the online course immediately for violating this rule. Once a student has given another person access to his/her Canvas account, the credibility of any work becomes questionable.
Assignments must be submitted via Canvas/Connect. No assignments will be accepted via email.
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Regular and punctual attendance is expected of all students in all classes for which they have registered. Student will be dropped from a class by the Registrar upon recommendation of the instructor who feels the student has been justifiably absent or tardy a sufficient number of times to preclude meeting the course’s objectives. Persistent, unjustified absences from classes or laboratories will be considered sufficient cause for College officials to drop a student from the rolls of the College. From Board Policy FC (LOCAL)
Students are awarded 20 extra credit points for attendance. Each absence will cost the student 2 points.
Dropping a course is the student's responsibility, but you MAYbe dropped for excessive absence. See Attendance Regulations in the North Central Texas College Catalog
Last day to withdraw from a course with a “W”is November 1, 2019.
COURSE SCHEDULE
(Subject to change. Refer to Canvas calendar for most current due dates.)
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Date
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Lecture Topic
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Assignment(s) due
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8/26
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Course Introduction
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8/28
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Ch 1 LearnSmart
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8/29
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How to Think Like an Economist
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9/2
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Ch 2 LearnSmart
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9/3
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Economic Systems and the Flow of Resources
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Course Introduction Quiz, Math Practice, Into to Connect Graphing
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9/4
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DB#1, Ch 3 LearnSmart
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9/6
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Choose Your Country
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9/9
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Ch 1&2 HW, Ch 1&2 Quiz
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9/10
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Demand, Supply, and Market Equilibrium
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9/12
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Review and catch up
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9/16
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Ch 3 HW, Ch 3 Quiz
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9/17
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Exam 1
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9/18
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DB#2, Ch 20 LearnSmart
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9/19
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International Trade
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9/24
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International Trade
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9/25
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Ch 6 LearnSmart
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9/26
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Introduction to Macroeconomics
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9/27
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Trade data
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9/30
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Ch 7 LearnSmart, Ch 20 HW, Ch 20 Quiz
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10/1
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Measuring Domestic Output and Income
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10/2
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DB#3
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10/3
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Measuring Domestic Output and Income
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10/7
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Ch 8 LearnSmart
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10/8
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Economic Growth
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10/9
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Ch 9 LearnSmart
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10/10
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Business Cycles, Unemployment, and Inflation
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10/11
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GDP Data
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10/14
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Ch 7&8 HW, Ch 7&8 Quiz
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10/15
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Business Cycles, Unemployment, and Inflation
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10/16
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Ch 9 HW, Ch 9 Quiz
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10/17
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Exam 2
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10/18
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Unemployment and Inflation Data
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10/21
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Ch 10 LearnSmart
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10/22
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Basic Macroeconomic Measurements
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10/23
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Ch 12 LearnSmart
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10/24
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Aggregate Demand and Aggregate Supply
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10/28
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Ch 10 HW, Ch 10 Quiz, Ch 13 LearnSmart
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10/29
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Fiscal Policy, Deficits, and Debt
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10/31
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Fiscal Policy, Deficits, and Debt
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11/4
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Ch 12&13 HW, Ch 12&13 Quiz
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11/5
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Exam 3
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11/6
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DB#4
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11/7
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No class
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11/11
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Ch 14 LearnSmart
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11/12
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Money, Banking and Financial Institutions
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11/13
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Ch 15 LearnSmart
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11/14
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Money Creation
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11/15
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EconSelfie
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11/19
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Money Creation
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11/22
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Currency and Central Bank Data
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12/2
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Ch 16 LearnSmart
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12/3
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Interest Rates and Monetary Policy
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11/27
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No class
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12/4
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DB#5, Ch 14,15,16 HW, Ch 14,15,16 Quiz
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12/5
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Exam 4
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12/6
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Final Country Project
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12/9
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Assessment Quiz
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TBA
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Final Exam
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DISABILITY SERVICES (Office for Students with Disabilities)
The Office for Students with Disabilities (OSD) provides support services for students with disabilities, students enrolled in technical areas of study, and students who are classified as special populations (i.e. single parents).
Support services for students with disabilities might include appropriate and reasonable accommodations, or they may be in the form of personal counseling, academic counseling, career counseling, etc. Furthermore, OSD Counselors work with students to encourage self-advocacy and promote empowerment. The Counselors also provides resource information, disability-related information, and adaptive technology for students who qualify.
For support, please contact the counselors at (940) 498-6207 or (940) 668-4321. Alternatively, students may stop by Room 170 in Corinth or Room 110 in Gainesville.
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA (For classes in the Core)_______
o Communication
o Mathematics
o Life and Physical Science
o Language, Philosophy & Culture
o Creative Arts
Government/Political Science
X Social and Behavioral Sciences
o Component Area Option
o American History
REQUIRED CORE OBJECTIVES (For classes in the Core)
X Critical Thinking
X Communication
X Empirical and Quantitative
o Teamwork
Personal Responsibility
X Social Responsibility
o Academic General Education Course (from ACGM but not in NCTC Core)
X Academic NCTC Core Curriculum Course
o WECM Course
Students are expected to follow all rules and regulations found in the student handbook and published online.
Scholastic dishonesty shall include, but is not limited to cheating, plagiarism, academic falsification, intellectual property dishonesty, academic dishonesty facilitation and collusion. Faculty members may document and bring charges against a student who is engaged in or is suspected to be engaged in academic dishonesty. See Student Handbook, “Student Rights & Responsibilities: Student Conduct ([FLB(LOCAL)]”.
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, 972-899-8400 x8504, or my NCTC email address: mblankenship@nctc.edu. Again, do not give anyone access to your Canvas account. Any student who cheats on any course material (exams, assignments, quizzes) will immediately fail the course and academic dishonesty papers will be filed with the Dean and VP of Instruction.
QUESTIONS, CONCERNS, or COMPLAINTS
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Name of Chair/Coordinator:
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Crystal R.M. Wright
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Office Location:
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Gainesville Campus, Room 824
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Telephone Number:
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940-668-7731, ext. 4320
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E-mail Address:
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cwright@nctc.edu
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Name of Instructional Dean:
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Dr. Bruce King
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Office Location:
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1525 W. California St., Gainesville, Texas
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Telephone Number:
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940-668-4267
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E-mail Address:
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bking@nctc.edu
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