Principles of Macroeconomics ECON 2301 003 Instructor: Maryann Jacobs Summer 2012 Monday, Tuesday, Wednesday, Thursday and Friday 10:45am – 12:45pm June 4 2012 – June 29 2012 Bowie High School

Instructor Information

Maryann Jacobs Phone 512-662-4836 Email [email protected] Office Hours Wednesdays 12:45 – 2:45

Course Description

Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation and the business cycle.

Required Text

Macroeconomics, Michael Parkin 10th edition

Lab Access

My Econ Lab

Course name ECON 2301-003 05815 Bowie Jacobs Course ID XL0X-81PN-801Z-7D02 Instructional Methodology

20% Homework Assignments (Chapters 1-8 and 10-14) 20% Quizzes (Chapters 1-8 and 10-14)

20% Projects (Specialization, Stock Market, Social Programs, Policy, Global Trading) 20% Midterm Exam (Multiple Choice) 20% Final Exam (Comprehensive)

100 % Total

Course Rational

This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over national economic policy reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economic, government and social work courses.

Common Course Objectives/Student Outcomes as established by the economics department

Students who complete this course will be able to understand:

 The meaning of unemployment and inflation data and how that data is collected and computed  The meaning and components of the National Income Accounts, especially GDP  The meaning of the business cycle and its phases  How to manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy  How fiscal policy operates, its tools, and its advantages and drawbacks  How a fractional reserve banking system works  How monetary policy operates, its tools and its advantages and drawbacks Course Evaluation

Homework 20% Homework assignments are completed and graded in class. Students who miss a class will be expected to complete the homework assignment in My Econ Lab outside of the classroom. . Quizzes 20% Quizzes are completed in My Econ Lab outside of the classroom. My Econ Lab registration instructions are attached. Each chapter has one quiz for a total of 13 quizzes assigned. Due dates of quizzes appear in Course Outline. Final quiz grade will be calculated using 10 quiz scores (the three lowest scores will be dropped).

Projects 20% Projects are completed in class in small groups or teams. Projects (Specialization, Stock Market, Unemployment and Policy) are graded based on participation and each project makes up 25% of the project grade total.

Midterm Exam 20% The Midterm Exam consists of 50 multiple choice questions covering the first half of the course (chapters 1-7). A review for the midterm will be given in class Thursday 6/14 and the midterm will be given Friday 6/15

Final Exam 20% The Economics Department’s Comprehensive Final Exam will be given Friday 6/29/2012, the last day of class. The Final Exam consists of 50 multiple choice questions. A review for the Final Exam will be given Thursday 6/28/2012.

Final Grades

A 90% - 100% B 80% - 89% C 70% - 79% D 60% - 69% F Below 60% Course Policies

Withdrawal: Any student who misses three consecutive lecture dates or five total lecture dates will be withdrawn from the course.

Attendance: Students are not required to attend class however materials discussed in class will appear on quizzes and exams. Also, see withdrawal policy.

Incompletes: Incompletes will be determined on a student to student basis.

Scholastic Dishonesty: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating on an exam or quiz, plagiarizing and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electrically or on paper, projects, either individual or group, classroom presentations, and homework.

Students with disabilities: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reason able accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester.