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Economics B2 Principles of Macroeconomics Email - [email protected] Web Page – http://www2.bakersfieldcollege.edu/mharvath Dr. Michael Harvath Office H35 Office Phone No. 395-4458 Spring 2015 CRN – 30992,30994 Course Description An introduction to the principles of economic analysis and decision making from the viewpoint of society. Emphasizes national income analysis, unemployment, inflation, economic growth, fiscal and monetary policies, international trade, and applications to current economic policy and problems. Prerequisite: Testing at math level -1 prior to transfer or Math BA. Required Book Principles of Macroeconomics by Libby Rittenberg and Timothy Tregarthen (eISBN #978-14533-5157-4). This is an ebook. Access code can be purchased at the bookstore for $48. You may buy both the ebook and a black and white printed copy of the book for $69 from the publisher Flatworld Knowledge. Online access and a color copy is available for $134. Grading There will be 200 total points possible in this class. There are two midterm exams worth 60 points each and a final exam worth 62 points. The other 18 points come from 9 quizzes worth 2 points each. Major tests are always announced at least one week in advance. The quizzes are at the beginning of class, will not be announced, and can not be made up. The grading scale is 87.5% and above is an A, 75%-87.5% is a B, 62.5%-75% is a C, 50%-62.5% is a D, and below 50% is an F. The exams and quizzes will be based both on lecture material presented in class and assigned textbook readings. There will also be 15 points extra-credit homework assignments. The homework points count towards your point total but do not raise the grade scale. Missed tests must be made up by Friday of the 2nd week after the original test in my office. If this is not done, the test will count as a 0. The make-up tests will be different (and harder) than the original test Course Schedule (Tentative) Week of: Topics Readings Unit 1 Introduction to Economics Jan 19 Economics: The Study of Choice Chapter 1 Jan 26 Confronting Scarcity: Choices in Production Chapter 2 Feb 2 Demand and Supply Chapter 3 Feb 9 Applications of Demand and Supply Chapter 4 Feb 16 Unit 1 Test Unit 2 Introduction to Macroeconomics Feb 23 Macroeconomics: The Big Picture Chapter 5 Mar 2 Measuring Total Output and Income Chapter 6 Mar 9 Aggregate Demand and Aggregate Supply Chapter 7 Mar 16 The Nature and Creation of Money Chapter 9 Mar 23 Unit 2 Test Unit 3 Introduction to Macreconomics Policy Apr 6 Financial Markets and the Economy Chapter 10 Apr 13 Monetary Policy and the Fed Chapter 11 Apr 20 Inflation and Unemployment Chapter 16 Apr 27 Consumption and the Aggregate Expenditures Model Chapter 13 May 4 Government and Fiscal Policy Chapter 12 May 11 Unit 3 Test / Final Exam Important Dates January 19 – Martin Luther King Jr. Holiday February 1 – Last day to drop without receiving a W February 13 – Lincoln Day Holiday February 16 – Washington Holiday March 27 – Last day to drop and receive a W March 30 to April 4 – Spring Break Holiday Classroom Conduct No eating in the classroom. No unnecessary talking during class. Attend class sessions on time. All cell phones and computers are to be put away during class lectures unless express permission has been given by the instructor. If you wish to drop the class, you are responsible for doing that. If you just stop coming to class, you will receive an F. Test Policy Students may not have a cell phone out during a test. A student with a cell phone on his desk or in his hand during a test will receive a 0 on that test, even if he is not using it when it is noticed. Student Services Statement Students with disabilities who believe they may need accommodations in this class are encouraged to contact Disabled Student Programs & Services located at Student Services Building, 1st Floor, Counseling Center (661-395-4334), as soon as possible to better ensure such accommodations are implemented in a timely fashion. Office Hours 11:00 a.m.-12:15 p.m. MT 4:45 p.m.-6:00 p.m. T 10:00-11:15 a.m. F Course Student Learning Objectives Statement 1. Identify and interpret macroeconomic data. 2. Apply macroeconomic models to understand the economy. 3. Analyze the economic impacts of monetary and fiscal policy. 4. Demonstrate an understanding of the function of the central bank and the banking system. Program Student Learning Objectives Statement 1 . Economics students will be able to explain the nature and functioning of the market system. 2 . Economics students will be able to define criteria for assessing efficiency in the provision of goods and services. 3 . Economics students will investigate and assess the operation of economic institutions. 4 . Economics students will be able to evaluate alternative policies intended to enhance economic outcomes. 5 . Economics students will develop competence in quantitative methods and computing methods. 6 . Economics students will be able to conceptualize and analyze problems using the tools of economic theory and communicate the results. The following is an introduction to the Habits of the Mind program at Bakersfield College How will you succeed at BC this semester? What determines success is not circumstance, but habit. Habits of Mind, It’s POSSIBLE at BC has many free tools intended to help you accomplish your goals in school. Only you can overcome the challenges you face this semester and in life. Start out successfully with these steps: Visit the Habits of Mind website: www.bakersfieldcollege.edu/habits-of-mind. Download the app for Habits of Mind at Bakersfield College for power in your palm. Ask for help, do the work, and refuse to quit. Success takes energy, planning, and strategies for both the expected challenges in school as well as the unexpected twists life can take. Ask your professor for more information. Now is the time to develop new habits.