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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Macroeconomics
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Course Prefix & Number:
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ECON 2301
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Section Number(s):
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404
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Semester/Year:
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Fall 2021
(16 weeks)
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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 MATERIALS:
(1) Macroeconomics: Principles, Problems, & Policies (eBook with Connect Access) by McConnell, Brue, & Flynn, McGraw Hill, 22nd edition
NOTE: Student payment for the textbook (eBook) & Connect Access has already been included in the tuition for the course via Inclusive Access.
- 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. This program means students no longer need to swipe their credit cards to get their course materials and instructors can rest assured that all students will have the same edition of the textbook and access to the same resources.
CONNECT REGISTRATION THROUGH CANVAS: Students no longer need a course ID# or a separate website to register for Connect. Rather, the Connect website is now linked directly to Canvas, and so students will ONLY be registering for Connect through their student Canvas accounts for this course starting on the first day of class.
CONNECT ACCESS: The textbook, SmartBook, and Connect activities are all maintained within the McGraw Hill Connect System. Students need to be enrolled immediately in Connect, as multiple assignments are due the first week of class. Student payment for the textbook (eBook) and Connect Access has already been included in the tuition for the course via Inclusive Access.
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 the course. Students are not to give any other person access to his/her Canvas account. Students can be removed from the online course immediately upon violating this rule. Once a student has given another person access to his/her Canvas account, the credibility of any work completed becomes questionable.
CANVAS WEBSITE: Students can access Canvas indirectly by going to the NCTC homepage (www.nctc.edu) and clicking on the “Canvas” icon/logo. Or, students can access Canvas directly by going straight to the website for Canvas (https://nctc.instructure.com).
Connect Technical Requirements and Support
Please review the following information from McGraw-Hill Higher Education before you begin any assignments in Connect.
- Run a system check: To have a successful experience in Connect, you will need to ensure that your computer's system meets the requirements needed to access and run your assignments (e.g.: operating system, browsers, plug-ins). It is strongly recommended that you troubleshoot your computer at least once a week, and before every test, to be sure that you will be able to complete the required exercises. Click on the following link to learn how to troubleshoot Connect and what the computer requirements are: http://connect.mheducation.com/connect/troubleshoot.do
- Get support: Connect has a Customer Experience Group (CXG) Support Center where you can connect with a tech specialist via chat, phone, or email. Click on this link to access the online support center: https://mhedu.force.com/CXG/s/ContactUs
- INSTRUCTOR NOTE: Use Google Chrome and Mozilla Firefox browsers only. In my experience, the Google Chrome and Mozilla Firefox browsers work best with Connect and are the most compatible. Thus, I strongly recommend that you only use these 2 browsers to access Connect. I do not recommend using other browsers such as Safari, Internet Explorer, etc.
If you have problems with registration or technical difficulties while completing assignments, contact CXG. I am not tech support! Every time you speak with a representative, you will receive a case/ticket number for reference. Be sure to keep this number so that you can easily check up on the status of any unresolved problems and also to share with me if required.
Here is the direct toll-free phone number for the Customer Experience Group (CXG) Support Center: 800-331-5094
Here are the hours of operation for the Customer Experience Group (CXG) Support Center below:
Sun: 11am - 12am
Mon-Thurs: 24 hours
Fri: 12 am - 8pm
Sat: 9am - 7pm
(All in US Central Time)
***CONNECT TECHNICAL DIFFICULTIES / ISSUES***
If you experience any technical difficulties / issues while working on assignments in Connect, it is your responsibility as the student to take the following actions:
- Contact the Connect Customer Experience Group (CXG) immediately to report the issue at the time the issue occurs, prior to the assignment due date, so that the issue can be documented and resolved AND
(2) Contact your Course Instructor (me) immediately to notify me of the issue.
Do not wait until the last minute to submit assignments. Plan ahead and leave plenty of time to complete assignments by the due date and to contact Connect tech support if necessary for any technical issues. Extensions will only be given with proper documentation of error on the part of Connect. Extensions will not be given due to problems with time management, your personal computer or private internet connection. Make sure your computer is completely functional, the battery is fully charged, and you have a strong and stable internet connection before accessing Connect to submit assignments.
Technical Problem Resolution Procedure
If you experience technical difficulties while completing an online assignment, follow the procedures as outlined below.
- Take a screen shot: Take a screen shot/Print Screen of the monitor when the problem occurs. Save as a .pdf or .jpg file.
- Contact technical support: Make sure you give a complete description of your problem so the Help Desk staff will have the pertinent information in order to assist you properly. This may include:
- course name/reference number and/or instructor name
- operating system, Internet browser, and/or Internet service provider (ISP) information
- Print Screen file
- your contact information
- Send a message to your instructor to notify him/her of the problem: Include all pertinent information of the incident (as listed above). You must provide the ticket/case number that you receive from technical support. This ticket provides proof of the time and date you tried to submit an online assignment. Any notifications that do not include this ticket/case number will be invalid.
- Follow up: If you do not hear back from the technical support within a timely manner (less than 48 hours), it is your responsibility to follow up with the appropriate person until a resolution is obtained.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Caroline Gosch Wunder
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Campus/Office Location:
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Gainesville campus, MSS #816
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Telephone Number:
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(940) 668 - 7731 Ext. 4904
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E-mail Address:
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cgosch@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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8:45 – 9:30 am
10:50 – 11:05 am
Corinth 201
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8:45 – 9:30 am
10:50 – 11:05 am
Corinth 201
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*I will respond to emails Monday through Friday from 9:00 am to 5:00 pm. I will respond to emails received after 5:00 pm the following business day.
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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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26
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Assignments (12 SmartBook & 14 Homework)
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20%
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15
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Quizzes
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20%
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5
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Exams
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60%
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COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA
Each student’s semester grade will be determined by the following:
Assignments (SmartBook & Homework): 20%
Quizzes: 20%
Exams: 60%
Total: 100%
Assignments: There will be 12 SmartBook assignments and 14 Homework assignments of which your lowest 5 (five) scores will be dropped at the end of the semester.
The 12 SmartBook assignments are directly over textbook content and will be completed in Connect via the “Assignments” Tab in our Canvas course. SmartBook uses adaptive technology to tailor the assignment and learning experience to each individual student’s needs. SmartBook starts by identifying the topics a student knows and does not know. As the student progresses, SmartBook adapts and adjusts the content and questions on the assignment based on the individual student’s strengths and weaknesses. Each SmartBook assignment is set to take 30 - 45 minutes to complete on average. However, it may take some students more or less than 30 - 45 minutes to complete.
- **How quickly a student completes the SmartBook assignment depends on how many questions the student answers correctly and incorrectly. If a student answers questions incorrectly, then SmartBook will keep giving the student additional questions covering those same concepts until the student answers all of the questions correctly. Thus, if a student continues answering all of the questions that SmartBook presents him/her within the assignment, the student will eventually achieve a perfect score and earn a “100” on the assignment.
Please be aware of the opening and closing dates for the SmartBook assignments, as no assignment will be re-opened once it has closed and no late assignments will be accepted. You have no limit on the number of attempts on the SmartBook questions to get the correct answer, and there is no time limit. Think of this as practice!
The 14 Homework assignments are directly over textbook content, excluding the first “Math Review Homework” assignment and the second “Graphing Tool Homework” assignment, and will consist of 5 multi-part questions with an occasional written response question, and will be completed in Connect via the “Assignments” Tab in our Canvas course. Please be aware of the opening and closing dates for the Homework assignments, as no assignment will be re-opened once it has closed and no late assignments will be accepted. You have 3 attempts on HW questions to get the correct answer and there is no time limit. Think of this as practice!
Quizzes: There will be 15 Quizzes of which your lowest 3 (three) scores will be dropped at the end of the semester. The quizzes are directly over textbook content, excluding the first “Syllabus Quiz,” and will consist of 30 multiple-choice questions and will be completed in Connect via the “Assignments” Tab in our Canvas course. Please be aware of the opening and closing dates for the quizzes, as no quiz will be re-opened once it has closed and no late quizzes will be accepted. For the quizzes, you have 2 attempts to get the correct answer, and each quiz attempt is timed for a maximum of 45 minutes. **Note, you cannot pause the time on the quiz once you have started the attempt. If you click “save & exit” on the quiz and close the page, the time still keeps running and your attempt will be submitted automatically once the time has run out.
EXAMS: There will be 5 Exams of which your lowest 1 (one) score will be dropped at the end of the semester. These are assessments directly over textbook content and will be completed in Connect via the “Assignments” Tab in our Canvas course. Exams 1, 2, 3 & 4 will each cover 1/4 of the material and consist of 50 multiple-choice questions to be completed in a maximum of 75 minutes. The Final (Exam 5) is cumulative and will cover all of the course material from the start of the semester to the end, and consist of 80 multiple-choice questions to be completed in a maximum of 120 minutes. As the lowest exam grade is dropped, the 4 individual remaining exam grades will each be worth 15% of the student’s overall course grade. Therefore, Exams count for 60% of the student’s overall course grade.
You will have only 1 attempt to complete and submit exams. Please be aware of the opening and closing dates for the exams, as no exam will be re-opened once it has closed and No makeup exams will be given or permitted. **Note, you cannot pause the time on the exam once you have started the attempt. If you click “save & exit” on the exam and close the page, the time still keeps running and your attempt will be submitted automatically once the time has run out.
**Note: All students MUST complete the “Assessment Quiz”. It is a mandatory assignment required by the department for completion of the course. If you do not complete the “Assessment Quiz”, your lowest 1 (one) exam grade will NOT be dropped at the end of the semester.
The “Assessment Quiz” covers all of the student learning outcomes for the course and is used by the department to measure what students have learned and mastered after having completed the entire course. The “Assessment Quiz” consists of 20 multiple-choice questions to be completed in a maximum of 45 minutes. You will have only 1 attempt to complete and submit the “Assessment Quiz”, and it will count as a quiz grade in the gradebook.
**All Assignments (SmartBook & Homework), Quizzes, and Exams are open book and you may also use your notes as well as posted class resources. You may work with other students on Assignments, but you are required to do your own work on Quizzes and Exams. Both Quizzes and Exams are timed. Thus, due to the time limit, you will not be able to look up the answer to every single question. Additionally, Quiz questions are scrambled and Exam questions are scrambled and pooled. Therefore, if you are going to be referencing your notes, they need to be good notes, very organized and well-prepared, and you need to be very familiar with what’s on them.
**Details on when Assignments (SmartBook & Homework), Quizzes & Exams are open and due will be given in Connect and/or on Canvas. It is the student’s responsibility to be aware of what is due and when it is due. Failure to regularly sign into Canvas and/or Connect could be the difference between passing and failing.
The final grade is out of 100 percent according to the following scale:
90 – 100 = A 80 – 89 = B 70 – 79 = C
60 – 69 = D 59 or below = F
IMPORTANT DATES
Classes Begin Tues, Aug 24th
Labor Day Mon, Sept 6th
Official Date of Record Tues, Sept 7th
Exam 1 Sat - Tues, Sept 18th - Sept 21st
Exam 2 Sat - Tues, Oct 9th - Oct 12th
Last Day to Withdraw with "W" Mon, Nov 1st
Exam 3 Sat - Tues, Nov 6th - Nov 9th
Thanksgiving Holiday Wed - Thur, Nov 24th - Nov 25th
Exam 4 Sat - Tues, Nov 27th - Nov 30th
Assessment Quiz Fri, Dec 3rd
Final / Exam 5 Sat - Tues, Dec 4th - Dec 7th
FINAL GRADES:
Once the Final Exam Deadline has passed, all grades are final. All final grades are determined by the coursework completed throughout the semester and follow the standard rounding rules, rounding to the nearest whole number (i.e., a final grade of 89.50 is an “A” and a final grade of 89.49 is a “B”, etc.)
COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
GENERAL DESCRIPTION AND TENTATIVE SCHEDULE
Subject to change, please see Canvas for most up-to-date schedule
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Weekly Schedule
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Topic/Assignments
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Tues 8/31
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DUE: Math Review Homework, Graphing Tool Homework, & Syllabus Quiz – by 11:59 PM
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Wed 9/1
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DUE: Ch 1 SmartBook – by 11:59 PM
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Thur 9/2
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DUE: Ch 1 Homework – by 11:59 PM
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Fri 9/3
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DUE: Ch 1 Quiz – by 11:59 PM
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Wed 9/8
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DUE: Ch 2 SmartBook – by 11:59 PM
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Thur 9/9
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DUE: Ch 2 Homework – by 11:59 PM
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Fri 9/10
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DUE: Ch 2 Quiz – by 11:59 PM
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Wed 9/15
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DUE: Ch 3 SmartBook – by 11:59 PM
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Thur 9/16
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DUE: Ch 3 Homework – by 11:59 PM
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Fri 9/17
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DUE: Ch 3 Quiz – by 11:59 PM
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Sat 9/18
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Exam 1 (Ch’s 1, 2, 3) Opens – 12:00 AM
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Tues 9/21
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Exam 1 (Ch’s 1, 2, 3) Closes – 11:59 PM
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Wed 9/22
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DUE: Ch 7 SmartBook – by 11:59 PM
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Thur 9/23
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DUE: Ch 7 Homework – by 11:59 PM
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Fri 9/24
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DUE: Ch 7 Quiz – by 11:59 PM
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Wed 9/29
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DUE: Ch 9 SmartBook – by 11:59 PM
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Thur 9/30
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DUE: Ch 9 Homework – by 11:59 PM
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Fri 10/1
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DUE: Ch 9 Quiz – by 11:59 PM
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Wed 10/6
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DUE: Ch 12 SmartBook – by 11:59 PM
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Thur 10/7
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DUE: Ch 12 Homework – by 11:59 PM
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Fri 10/8
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DUE: Ch 12 Quiz – by 11:59 PM
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Sat 10/9
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Exam 2 (Ch’s 7, 9, 12) Opens – 12:00 AM
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Tues 10/12
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Exam 2 (Ch’s 7, 9, 12) Closes – 11:59 PM
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Fri 10/15
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DUE: Classical vs. Keynesian Economics Quiz – by 11:59 PM
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Wed 10/20
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DUE: Ch 10 SmartBook – by 11:59 PM
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Thur 10/21
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DUE: Ch 10 Homework – by 11:59 PM
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Fri 10/22
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DUE: Ch 10 Quiz – by 11:59 PM
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Wed 10/27
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DUE: Ch 11 SmartBook – by 11:59 PM
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Thur 10/28
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DUE: Ch 11 Homework – by 11:59 PM
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Fri 10/29
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DUE: Ch 11 Quiz – by 11:59 PM
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Mon 11/1
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Last Day to Drop a Course and Withdraw with a “W”
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Wed 11/3
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DUE: Ch 13 SmartBook – by 11:59 PM
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Thur 11/4
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DUE: Ch 13 Homework – by 11:59 PM
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Fri 11/5
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DUE: Ch 13 Quiz – by 11:59 PM
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Sat 11/6
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Exam 3 (Ch’s 10, 11, 13) Opens – 12:00 AM
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Tues 11/9
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Exam 3 (Ch’s 10, 11, 13) Closes – 11:59 PM
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Wed 11/10
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DUE: Ch 14 SmartBook – by 11:59 PM
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Thur 11/11
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DUE: Ch 14 Homework – by 11:59 PM
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Fri 11/12
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DUE: Ch 14 Quiz – by 11:59 PM
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Wed 11/17
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DUE: Ch 15 SmartBook – by 11:59 PM
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Thur 11/18
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DUE: Ch 15 Homework – by 11:59 PM
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Fri 11/19
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DUE: Ch 15 Quiz – by 11:59 PM
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Wed 11/24
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DUE: Ch 16 SmartBook – by 11:59 PM
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Thur 11/25
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DUE: Ch 16 Homework – by 11:59 PM
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Fri 11/26
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DUE: Ch 16 Quiz – by 11:59 PM
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Sat 11/27
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Exam 4 (Ch’s 14, 15, 16) Opens – 12:00 AM
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Tues 11/30
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Exam 4 (Ch’s 14, 15, 16) Closes – 11:59 PM
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Fri 12/3
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DUE: Assessment Quiz – by 11:59 PM
**Note: All students MUST complete the Assessment Quiz. It is a mandatory assignment required by the department for completion of the course. If you do not complete the Assessment Quiz, your lowest 1 (one) exam grade will NOT be dropped.
The Assessment Quiz covers all of the student learning outcomes for the course and is used by the department to measure what students have learned and mastered after having completed the entire course. The Assessment Quiz consists of 20 multiple-choice questions to be completed in a maximum of 45 minutes. You will have only 1 attempt to complete and submit the Assessment Quiz, and it will count as a quiz grade in the gradebook.
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Sat 12/4
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Final / Exam 5 (Ch’s 1, 2, 3, 7, 9, 12, 10, 11, 13, 14, 15, 16)
Opens – 12:00 AM
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Tues 12/7
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Final / Exam 5 (Ch’s 1, 2, 3, 7, 9, 12, 10, 11, 13, 14, 15, 16)
Closes – 11:59 PM
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** The instructor reserves the right to make changes or adjustments, as she deems necessary. Changes and/or adjustments will be announced on the Announcement page of Canvas &/or Connect.
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Regular and punctual attendance is expected of all students in all classes for which they have registered. 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:
Regular class attendance is essential for success in this class. If you miss a class session, obtain a copy of the notes from one of your student colleagues. Additionally, regular logins to Canvas and Connect are crucial to successful completion of this course. It is up to you to keep up with due dates and announcements. Note: I DO NOT drop students-- if you stop logging into Canvas and completing assignments in Connect, and do not drop the class, you will receive an “F” in the course. It is YOUR responsibility to drop the class or withdraw if you so choose.
Last day to withdraw from a course with a “W” is _____ Monday, November 1st, 2021 _______.
COVID-19 Specific Syllabi Statements Fall 2021
Syllabi statement regarding potential Conversion of Onsite Classes to Online/Remote Format: North Central Texas College students should be aware that in the event of a college closure due to COVID-19 or other health related crisis, onsite classes will be converted to an online/remote format. Students should plan ahead to ensure they have access to the computer equipment (either PC, MAC, or tablet), webcam, and internet connectivity to continue their classes in an online/remote format. Please read all your official North Central Texas College student emails as the transition from onsite to online/remote might require a reorganization in your personal situation. Students will be granted a 72-hour transition and grace period. Online classes will continue as scheduled without disruption. Wear a mask, stay safe, and contact your Instructor as the situation arises. These policies and procedures were updated on July 27, 2021 and are subject to change as conditions change.
Syllabi Statement Regarding Face Coverings: Per the North Central Texas College guidance on face coverings on campus, in the instructional setting, faculty and students are not required to wear face coverings, such as masks or face shields. In May, Texas Governor Gregg Abbott released an Executive Order prohibiting Government entities from mandating the use of masks. As a political subdivision of the State of Texas, NCTC will follow the Governor’s Executive Order for Government entities and effective immediately NCTC is no longer mandating the use of masks while on campus. This order does not mean that you cannot choose to wear a mask, rather it is no longer allowed to be mandated. These policies and procedures were updated on May 19, 2021 and are subject to change.
Return to Standard Attendance Protocol for Face-to-Face Meetings: In spring 2020, we faced an unprecedented situation in which all of us had to be flexible and make prudent decisions in the best interest of our families, our campus, and our community. In light of this, North Central Texas College is temporarily establishing the requirement that faculty keep records of student attendance for face-to-face course meetings as well as a documented seating chart. In addition, students who are sick or need to quarantine should not attend classes. Students will not be required to provide formal documentation from a health care provider and will not be penalized for COVID-19 related absences when proper notification to campus health officials is made in accordance with the guidelines stated below.
Faculty will:
- Notify students about important course information and delivery changes through Canvas and campus email.
Students should:
- Provide notification to campus officials if they have tested positive for COVID-19 or have to quarantine so we can confirm reported absence with instructors, monitor, and assist the campus community.
- Notify instructors in advance of the absence.
- Connect with that class through Webex if the class session is being transmitted in a hybrid fashion.
- Keep up with and/or make up missed classwork or assignments.
- Submit assignments digitally through Canvas or other means as announced by your instructor.
- Work with their instructors to reschedule exams, labs, and other critical academic activities described in the course syllabus.
- Check Canvas and campus email daily to receive important announcements pertaining to the course.
During the fall 2021 semester, faculty with face-to-face meetings will establish assigned seating/work stations to facilitate roll-taking, and, if necessary, contact tracing. Additionally, we ask all members of the College community to be attentive to their health, and safeguard others, by following the CDC’s guideline to “stay home when you are sick.” You should stay home if you have symptoms. More information on what to do if you are sick is available at the CDC’s website.
Additional NCTC information is available at http://www.nctc.edu/coronavirus/index.html
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.
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 (For classes in the Core)_______