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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Macroeconomics Professor Fuster
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Course Prefix & Number:
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ECON2301
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Section Number:
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0310
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Semester/Year:
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FALL I/2020
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Semester Credit Hours:
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3
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Lecture Hours:
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3
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Lab Hours:
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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 Course Materials:
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.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Professor Wanda Fuster
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Campus/Office Location:
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Corinth Office #: 201
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Telephone Number:
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E-mail Address:
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wmartinez-fuster@nctc.edu
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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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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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# of Graded Course Elements
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Graded Course Elements
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Percentage or Point Values
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Test#1
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Chapters 1-5
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100
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Test#2
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Chapters 6-10
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100
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Test #3
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Chapters 11-15
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100
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Final Test or Research Project
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Chapters 16-22
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100
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COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
[instructor-specific upload]
Regular and punctual attendance is expected of all students in all classes for which they have registered, Due to our new way to deliver the educational product the students should be able to work on a daily basis downloading one video every single day of the week. All absences are considered to be unauthorized unless the student is absent due to illness or emergencies as determined by the instructor. It is the student responsibility to provide documentation as to the emergency for approval and judgement by the faculty member. Approved college sponsored activities are the only absences for which a student should not be held liable and only when provided by a college official ahead of the absence. Valid reasons for absence, however, do not relieve the student of the responsibility for making up required work. Students will not be allowed to make up an examination missed due to absence unless they have reasons acceptable to the instructor. A student who is compelled to be absent when a test is given should petition the instructor, in advance if possible, for permission to postpone the exam. 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)
Additional Instructor-specific Absence Policy:
Last day to withdraw from a course with a “W” is (see the NCTC calendar)
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
x 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)]”.
[Instructor-specific Academic Dishonesty Policy:
I’m pro-student development and my expectations are to see my students learning interactively and showing their best commitment to be successful in life. I hope that my students are going to do its academic work with passion and happiness, nothing else is necessary if you put your heart on this class. Be always honest.
GRADES: Grades are always posted in Canvas but can also be seen in Connect/McGraw-Hill as well. Grades will ultimately be pulled from Connect and stored in Canvas. Keep track of your grades as the semester progress. If you have a question about your grade, check Canvas first. Once you have viewed Canvas, you are welcome to contact me. DO NOT RELY ON CANVAS TO CALCULATE YOUR GRADES; calculate your own grades so that you are CERTAIN that they accurately reflective of your work.
GRADING TIMELINE:
Online quizzes/LearnSmart Assessments/online assessments: Immediate
Intro PowerPoints: every single day of the week.
Writing assignments: One per week.
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GRADE DISPUTES:
If you disagree with any grade you receive, you should take the following steps:
- All grade issues must be contested within 24 hours of the assignment being due.
- Verify, first, that a recording error has not been made.
- To challenge a quiz grade, you should first determine the correct answer then contact me. To challenge your research project grade, you should determine what you think your work should have received based on the assignment grading parameters found in the research module. This means you must take the criteria for the assignment you wish to challenge and decide how, in fact, the work you submitted DOES meet those criteria.
- Students have only one week after finals to challenge their overall grade. Emails after that time period will be ignored. Students should not wait two or three semesters to contest final grades for obvious reasons.
I know each student within the semester will have their own specific challenges that they face privately but each one of you need to execute each task as best as you can and soldier on. This is life. Please do not ask for “grace” or extensions because this is unfair to those who kept their challenges to themselves and did not ask for this. In short, complete tasks early. But if you have any difficulties, any type of family or personal issues please don’t hesitate to let me know because I’m here to be a help.
PRE-TEST (5 EXTRA CREDIT POINTS)
ASSIGNMENT:
The state mandates faculty to engage our students in a pre-test before instruction begins; hence, the start date for Chapter 1 is within the first week of classes. At the end of the semester, I will give anyone who did this extra credit of up to 5 points (to replace an assignment if one was not done for any reason). *It is defaulted to be worth five points in the Connect system; I cannot modify this. I have must manually change these points as soon as the assignment is complete. Do not panic if you do not see them as extra credit right away. The Pre-Test can be found in the Introduction Module within Canvas.
SYLLABUS QUIZ (10 POINTS)
ASSIGNMENT: This assignment is used so that students spend time looking at the syllabus There are several important facts presented from how the class will be organized to what the minimal expectations are. Review the document and answer ten questions. Instructions will be provided within the Introduction Module within Canvas.
INTRODUCTION (10 POINTS)
ASSIGNMENT: The point of this assignment is to create a paragraph describing who you are. Meeting each student of mine is important to me whether you are a dual credit student , Long distance or in the traditional classroom.
CHAPTER ASSIGNMENTS (5 -10 POINTS EACH)
LEARNSMART ACTIVITIES: These are more like completion points for most chapters as they quiz students on main concepts and move to harder questions upon mastery of the read material. Please make sure you are taking the time to do these so that you can be successful on the end of chapter quizzes and exams. Each assessment is worth 5 points and will be varied in length.
ASSIGNMENTS: Some chapters have special quizzes or activities that really highlight important material. Not every chapter will have them, but if they do, know that content will be important life-long information you should know. Each quiz is worth 5 OR 10 points and will be varied in question length.
END OF CHAPTER QUIZZES: At the end of each chapter, there will be 10 questions to check students on key subjects documented within that section. Each question will be worth 1 point.
**You may use any notes on your quizzes. Be sure you understand that you only have minutes to complete these quizzes so take good notes and know your stuff!
**These assessments must always be completed before the exams and the due date will always fall on a Sunday so if you are working during the week you can do those on the weekend.
**If you got a question incorrect, go back and look for the correct answer. This will strengthen your learning!
**IMPORTANT REMINDER: If you have any technology issues completing these quizzes please read the technology policy as well as my late work policy.
Please read the instructions for each quiz before you click on the quiz itself to take as I cannot reset the quiz for everyone who rushes into things without reading. I will not re-open a quiz because you “didn’t know what you were clicking on.”
EXAMINATIONS (100 POINTS)
EXAM I: EXAM II: EXAM III:
Ch 1,2,3,4,5 Ch 6, 7, 8, 9, 10 Ch 11, 12, 13, 14, 15
PLUS, THE FINAL TEST Chapters 16-22, or a Research Project.
The majority of your grade is based on your exam scores. Thus, exam preparation is very important. Also, just because some chapters are not listed above, does NOT MEAN THAT THEY ARE NOT IMPORTANT. Please read all material in the text.
ASSIGNMENT: All three mandatory examinations will consist of multiple-choice questions. The final exam will NOT be cumulative or could be a Research project. Each exam is 50 questions (worth 100 points) and you will need scantrons. Exams will be announced in class/Canvas and be taken upon completion of each module. The pace of each class will determine when the exam is. If a student needs to absent any day throughout the semester, it is the students’ responsibility to ensure these are not test days.
Makeup Exam: It is the responsibility to contact the instructor to be eligible to take the makeup exam. It will be administered during finals week during the final exam scheduled for this course. This only applies to people who miss any of the exams. It does not apply to those who want to increase their overall point total or research grade.
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RESEARCH PROJECT (100 POINTS) *****This assignment is not going to be done during this summer class*****
ASSIGNMENT: There will be a research project delivered to you, after the semester starts. You can select any topic you wish; however, it is up to you to make sure you can complete your presentation. Not able to find the information is not an excuse; rather select another topic in the remaining time that you have. Overall it will be your job to create a PowerPoint illustrating an Economic issue. It will be found under the Research Module within Canvas. Under that module, I will have all the grading parameters and a blank template that you can copy and paste your information too along with info on how to cite properly.
Do not upload your project into anything but the drop-box. Uploading in the comments section or emailing to the instructor will result in an “F.”
Helpful instructions:
- All students must access complete instructions, template, and grading parameters within the RESEARCH MODULE.
- ALL STUDENTS will turn in their work within the drop-box within the Research Module on the due date and by 11:59 pm. No late work will be accepted (due at 11:59 NOT ONE MINUTE AFTER). Additionally, if students fail to do an adequate job or turn it in, students are not permitted to take the makeup exam to replace this grade.
- For students in the classroom setting, you will need to print your research project and hand it in the following day at the beginning of class.
RESEARCH PROJECT PEER REVIEW (10 POINTS)
One week prior to the research project being due, there will be allotted time to do an in-class peer review of the research project. On the peer review day, there will be plenty of time to ask relevant questions and ask any citation questions as well. This will be worth points and will drastically improve your overall score. I will also go over questions and answers from projects turned in ahead of time.
Tentative Schedule
(Intro Chapters 1-5)
WEEK 1: Chapter 1: Limits, alternatives and choices
Chapter 2: The Market system and the circular flow
Chapter 3: Demand, Supply and Market equilibrium
Chapter 4: Market failures: public Goods and externalities
Chapter 5: Government’s Role and Government Failure
chapters 6-10
Chapter 6: An Introduction to Macroeconomics
Chapter 7: Measuring Domestic Output and National Income
Chapter 8: Economic Growth
Chapter 9: Business Cycles, Unemployment, and Inflation
Chapter 10: Basic Macroeconomic Relationships
WEEK 3-chapters 11-15
Chapter 11: The Aggregate Expenditures Model
Chapter 12: Aggregate Demand and Aggregate Supply
Chapter 13: Fiscal Policy, Deficits, and Debt
Chapter 14: Money, Banking, and Financial Institutions
Chapter 15: Money Creation
Week 4-chapters 16:-22
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QUESTIONS, CONCERNS, or COMPLAINTS
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Name of Chair/Coordinator:
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Professor Ramsey
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Office Location:
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Gainesville Campus, Room
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Telephone Number:
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940-668-7731
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E-mail Address:
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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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1500 North Corinth St, Corinth, TX 76208-5408
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Telephone Number:
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940-498-6464
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E-mail Address:
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bking@nctc.edu
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