Course Title: PRINCIPLES OF MACROECONOMICS (R)

Course Prefix &Number: ECON 2302

Section Number: 403

Semester:161S

Semester Credit Hours: 3

Lecture Hours: 3

Lab Hours: N/A

Course Prerequisite(s): None

Name of Instructor:

Moses Omane-Boateng

Campus/Office Location:

Econ & Govt. Dept.: Corinth (RM 331)

Telephone Number:

Corinth:940-498-6295

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.

Summarize the law of diminishing marginal utility; describe the process of utility

maximization.

Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total

revenue.

Describe the production function and the Law of Diminishing Marginal Productivity;

calculate and graph short-run and long-run costs of production.

Identify the four market structures by characteristics; calculate and graph the profit

maximizing price and quantity in the output markets by use of marginal analysis.

Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.

Describe governmental efforts to address market failure such as monopoly power,

externalities, and public goods.

Identify the benefits of free trade using the concept of comparative advantage.

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

3

Two Midterms  and  a Final Exams

300 Points

3

Three Pre-Exam  Quizzes

100 Points

10

9 End of Chapters Homework plus an  Internet Search Economic Indicators Articles Summaries Assignments

100 Points

    10 Points Per

Assignment

2 PHASES

10

Investment Portfolio SIMULATION PROJECT: An Inception Report 25 points and a Final Performance Report 75 points

Connect Learn-Smart Post Chapters Presentations Practice Assignments

Canvas Computed Attendance Grade

100 Points

100 Points

100 Points

TOTAL POINTS EARNED MEASURED BY PERCENTILE LEVEL ARE:

100-90=A, 89-80=B, 79-70=C, 69-60=D, 59-0=F

Students will make corrections on homework assignments for extra credit to reinforce chapter’s power point presentations and substance.

·         Late Assignments will be subject a Penalty of 10-points deduction.

·         Don’t submit your assignment through the web-site.

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: Sept. 29 -Learning Outcomes

·         Limits Alternatives and Choices-Chapter 1: Review Questions: p. 22: Q. 1 and Problems Q. 5.

·         APPENDIX: Using Graphs and Their Meaning: Problems: p. 29: Q. 3.

·         Market System and Circular Flow-Chapter 2: p. 49: Discussion Q. 1; & p. 50: Review Q. 2

·         Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3: p. 63: Practice Figure 3.6, Plot the Table data, and Complete the Quick Quiz For Figure 3.6; & p.74: Problem Q. 7.

Complete Learn Smart Post Presentation Chapters 1, 2, 3-Oct. 6

·         Pre-Exam Quiz#1-Due: Sept. 22

TEST 2: Nov. 3-Learning Outcomes

·         Market Failures: Public Goods and Externalities-Chapter 4: p. 105: Discussion Q. 2 and Review Q. 2.

·         Government Role and Government Failure-Chapter 5: p. 125. Review Questions Q. 4 & 5.

·         Elasticity of Demand-Chapter 6: p. 150 Review Question 2 & Problem Q. 1.

·         Utility Maximization Chapter 7: p. 163  Discussion Question Q.1 Complete Learn Smart Post Presentation Chapters 4,5,6, & 7- Oct. 20

·         Pre Exam Quiz # 2- Oct. 27

Final Exams-Learning Outcomes: According to College Exams Calendar.

Businesses and the Cost of Production-Chapter 9: p. 218 Review Q. 3

 International Trade-Chapter 24: p. 558 Problems Q. 2

·         Pure Competition Short Term-Chapter 10: Review Questions Q. 2  

·         Pure Competition Long Term Chapter 11:p. 245-Practice, develop Figure 11.6 and Complete Quick Quiz For Figure 11.6

·         Pure Monopoly-p. 276 Problem Q 1.

·         Public Finance-Chapter 18 p.425- Examine the Following Terms: Property, Progressive, Regressive and Proportional Taxes

·         Internet search Assignment on Key Economic Indicators such as Housing Starts Due Nov 10

Complete Learn Smart Post Presentation Chapters 9, 10, & 11-Dec. 1

·         Pre-Final Quiz Due: Dec. 1

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 or kwadwo@yahoo.com

v    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.

v    Last day to withdraw from a course with a “W” is  August 3

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.

Name of Chair/Coordinator:

Donna Hooper

Office Location:

Corinth 209

Telephone Number:

940-498-6266

E-mail Address:

dhooper@nctc.edu

Name of Instructional Dean:

Dr. Larry Gilbert

Office Location:

Corinth 305

Telephone Number:

940-498-6216

E-mail Address:

lgilbert@nctc.edu