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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Macroeconomics
11:00 am-12:20 pm-SP 20 A 16-Week Course
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Course Prefix & Number:
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ECON2302
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Section Number:
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0500
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Semester/Year:
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Sp 20
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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 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.
Supporting Materials:
Low-function (11 Functions or less) calculator and Graph Sheets for use during class sessions and exams. This is Pivotal!
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Moses Omane-Boateng
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Campus/Office Location:
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Corinth Room 313, Flower Mound Room 107
FLM Library and Classroom 206 for office hours and tutoring sessions
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Telephone Number:
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Corinth: 940-6295 ext. 6256
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E-mail Address:
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momane-boateng@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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6:00-8:00 pm
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7:00-8:00 pm
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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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3
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Three Exams: 100 Points Each
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300 Points
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3
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Three Pre-Exam Quizzes: 33, 33, & 34 Points
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100 Points
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10
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Selected End of Chapters Questions Assignments: Please Identify the Discussion, Review, and Problems Questions Carefully
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100 Points
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4 phases
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Investment Portfolio SIMULATION PROJECT:
Phase 1-Portfolio Inception Report 25 points
Phase 2-Final Portfolio Performance Report 60 points
Phase 3-Presentations 5 Points
Phase 4-A Local Bank Trip Day- Money Market and Savings Accounts Rates Research 10 Points
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100 Points
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10
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Connect Learn-Smart/Pre/Posttests/Chapter Presentations/Practice Assignments
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100 Points
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10
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Readiness Quizzes (9)/An Internet Search (1)
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100 Points
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Attendance Grade
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100 Points
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90%-100=A
80-89%=B
70-79%=C
60-69%=D
0-59%=F
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Spring-Break: From March 16-21-College Closed-Best Wishes
COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
NOTE THE FOLLOWING GUIDELINES CAREFULLY
Students will make corrections on homework assignments Chapters 1-7 for extra credit to reinforce the chapter’s fundamental power points presentations CONCEPTS.
• Late and Missing assignments will be subject to a 10-point Penalty deduction-After One Day (1) Grace Period
• You have One (1) Day Grace Period to Complete All Late and Missing Assignments.
Please, tardiness is unacceptable
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. All Make-Up Exams Without Prior Permission, Are Subject to A Physician’s Official Note. Arrange with Your Professor for Readiness Make-Up Quizzes.
All assignments, except Simulation Project, will be submitted in class.
All assignments must be typed
Simulation Project must be submitted in Vericite drop box
Unit #1:
• Chapter 1: Limits Alternatives and Choices p. 19: -Review Questions: Q. 1 and Problems p. 20 Q. 5. Plus, Chapter 1 APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3 -Jan 28
• Readiness Quiz 1-Jan 28
• Simulation Project-Phase 1-Portfolio Simulation Inception-Jan 30
• Chapter 2 Market System and Circular Flow p. 44: Discussion Q. 1-Write A Comparative One Page Summary on the Capitalist and Command Market Systems & on p. 45-Work on Review Q. 2- Feb 4
• Readiness Quiz 2- Feb 4
- Chapter 3 Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium p. 57: With the Graph Sheets, Plot The data, Develop the Graph, and Practice Figure 3.6. Also Complete the Quiz Below The Graph. On p. 68, Solve Problem Q. 7A, 7B, AND 7C.- Feb. 11
- Readiness Quiz 3-Feb. 11
- Pre-Exam Quiz 1-Feb 20
- Complete Learn Smart Post Presentation Chapters 1, 2, 3-Feb. 25
TEST 1: March 3
UNIT #2:
• Market Failures: Public Goods and Externalities-Chapter 4: p. 96: Discussion Q. 2 and p. 96: Review Q. 2- Mar. 5
• Readiness Quiz 4-Mar. 5
• Portfolio Performance Report ROE 1-Mar. 10
• Government Role and Government Failure-Chapter 5: p. 114, Solve Review Questions Q. 4 & 5. In Page115, read and Write A half page Summary of Public Choice Theory -Mar. 12
• Readiness Quiz:5-Mar. 12
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- Consumer Behavior: Elasticity-Chapter 6: p. 137. Problem Q. 3. Due: Mar. 24
- Readiness Quiz: 6-Mar. 24
- Consumer Behavior: Utility Maximization-Chapter 7: p. 141: Develop Graph, Compute and Practice Figure 7.1; Also, Complete Quick Quiz For Figure 7.1. Also, on p. 151, solve Problem Q. 5-Due: Mar. 31
- Pre-Exam Quiz-Mar. 31
• Complete Learn Smart Post Presentation Chapters 4, 5, 6, & 7 -Mar. 31
• Corrections for Homework Assignments: Chapters 1, 2, 3- Mar. 31
TEST 2: April 7
UNIT # 3:
- Behavioral Economics-Chapter 8: p. 177: Review Q. 3 Due: Apr. 9
- Readiness Quiz 7-Apr. 9
- Business and the Cost of Production-Chapter 9: p. 190, Develop The Graph, Compute and Practice Fig 9.5; Write the Figure Analysis Summary, and solve the Quick Quiz Questions. Addition, on p. 200 & 201 Under Review Questions, solve Q. 4. Due: Apr. 16
- Readiness Quiz 8-Apr. 16
- Pure Competition in the short Run-Chapter 10: p. 209, Develop The Graph, Compute and Practice Fig 10.2; Write the Figure Analysis Summary, complete the Quick Quiz Questions-p.209. For Review Questions on p. 218 solve Q. 2 & Q. 4. Due: Apr. 21
- Portfolio Performance Final Report -SUBMISSIONS, PRESENTATIONS AND VERICITE DROP BOX UPLOAD- Apr. 21
- Presentations continuation-Apr. 23
- An Internet Search: Economic Indicators Article Summary Assignment - Apr. 28
- Readiness Quiz 9-Apr. 28
- International Economics: International Trade- Case for Protectionism: President Trump’s Tariff Policy Feb. 2018-Class Critical Application- Chapter 20-pp. 423-430 Review-Apr. 30
- Readiness Quiz 10-Apr. 30
• Portfolio Corrections Report and FINAL VERICITE UPLOAD-Apr. 30
• Money, Banks, and the Federal Reserve System-Chapter 14 and Bank Trip Research Collaboration Day-Apr. 30
• Pre-Final Quiz-Apr. 30
• Corrections for Homework 4, 5, 6, & 7 Plus Portfolio ROE Final Report-Apr. 30
• Complete Learn Smart Post Presentation Chapters 8, 9, & 10-May 5
• Post Course Assessment Test-Mandatory Requirement for All Students-For Faculty Use Only-May 5
Final Exam- May 12
Regular and punctual attendance is expected of all students in all classes for which they have registered. All absences are 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. 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 enough times to preclude meeting the course’s objectives. Persistent, unjustified absences from classes or laboratories will be considered enough cause for College officials to drop a student from the rolls of the College. From Board Policy FC (LOCAL) Dropping a course is the student’s responsibility, but you MAY be dropped for 5 excessive absences.
Additional Instructor-specific Absence Policy:
Last day to withdraw from a course with a “W” is ___April 3, 2020____________.
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) _______