Download classroom management - University of Belize

FACULTY OF MANAGEMENT AND SOCIAL SCIENCES
DEPARTMENT OF SOCIAL SCIENCES
ECON 221, PRINCIPLES OF MACROECONOMICS
SEMESTER I, 2008/2009
COURSE OUTLINE
LECTURER:
Bernard K. Watler, MPA
SECTIONS:
1& 2
DAY, TIME &
ROOM:
Section 1: Tuesday & Thursday 11: 00 – 12: 15 pm. Room C
Section II: Monday & Wednesday 7:00 – 8:15 pm. Room B
OFFICE HOURS:
As posted or by appointment
TELEPHONE:
223-2732 EXT. 127
E-MAIL:
[email protected]/ [email protected]
COURSE DESCRIPTION:
This is a first level one semester course intended as an initial introduction to the study of macroeconomics.
This course will expose students to contemporary issues in macroeconomic analysis and policy. It will also
acquaint students with the distinctive features of small open economies, such as Belize, the wider
Caribbean, Central America and North America. Topics to be covered include National Income, Aggregate
Spending, Inflation, Unemployment, International Trade, Monetary Policy, Fiscal Policy and Balance of
Payments.
COURSE OBJECTIVES:
Upon successful completion of this course, students will be able to
1. Understand an overview of the economy including microeconomics and macroeconomics and how the
overview applies to the free enterprise system and the role of the government in the economy.
2. Demonstrate knowledge of the measurement and use of national output, national income, the price level,
aggregate demand, aggregate supply, and balance of payments and their impact on the problems
associated with the business cycle: unemployment and inflation.
3. Describe and discuss the creation/destruction of money by the banking system, the role of money in our
economy, and the role of the Central Bank in this process.
4. Apply macroeconomic theory to analyze the benefits and limits of fiscal policy and monetary policy
approaches in correcting imbalances in the economy.
5. Gather data for basic research from various sources, including the computer and other forms of electronic
media, such as the Internet.
6. Analyze contemporary issues in macroeconomics and their policy implications
CLASSROOM MANAGEMENT

Dress code for presentations\Guest lectures\Internships
Students are expected to dress professionally for presentations, guest lectures, and for internships.
Professional dress for males includes, but not limited to, slacks, shoes, or dress appropriate for the
presentation. Professional dress for females include, but not limited to, slacks\skirts, sleeved top, shoes, or
dress appropriate for presentation.

Attendance
Students will be subjected to UB’s policy on attendance. Attendance will be taken at each session. A signup sheet with the names of everyone officially registered for the course will be circulated at the beginning of
each session. You are only to sign up in the space provided next to your name. NO ONE IS ALLOWED TO
SIGN FOR ANYONE ELSE. IF YOU DO SO, IT WILL BE DEEMED DISHONEST AND DEALT WITH
ACCORDINGLY. It is hard to do well in this course if you do not attend class on a regular basis.

Tardiness
Tardiness is a distraction to your classmates and to your lecturer. If you must be late, please enter the room
as quietly as possible and take a seat near the door. You may pick up any papers that were handed out or
returned at the end of the session.

Electronic Devices
All electronic devices should be turned off during class sessions. The exceptions are cell phones or pagers
in “silent or vibration mode.” When receiving phone calls, students are asked to do so outside the
classroom.
No recording of lecturers should be done without the permission of the lecturer.

Classroom conduct
Students are kindly asked not to eat nor smoke in classrooms.
Students should refrain from talking/reading or doing other things unrelated to class during class sessions.

Language
Since English is the official language of Belize, you are expected to speak and write Standard English in the
classroom. Lecturers will subtract points from papers that have constant grammar and punctuation errors.

Late Assignment and Make-up Policy
Assignments are to be handed in to the lecturer on the stated date and time. Unexcused late assignments
will be penalized. Tests must be taken on the agreed dates and time. Failure to comply will automatically
result in a grade of F for that particular evaluation component.
Mid-Semester Exam:
The course has a mid-semester exam that will be administered around the eighth week of classes. This
exam may consist of multiple-choice, fill-in-the blanks, matching and problem solving questions. Exams are
used to evaluate student’s ability to understand and apply the economic concepts covered in class. There
will be no make up exam. A make up exam may be considered only if the student informs the lecturer before
the exam and provide a legitimate reason with evidence. Failing to do so will result in “zero” for that exam.
Students who cheat in the exams will be subjected to relevant university policy.
QUIZZES:
Quizzes will be given on a surprise basis. Quizzes may consist of multiple-choice questions, short answers,
true/false and problem solving etc. Students are allowed to only miss two quizzes during the semester. The
two lowest quiz scores for each student will be dropped. Quizzes will be given on materials covered in class,
materials researched by the student and assignments. Quizzes are used to encourage preparation for class,
participation in class discussions and most importantly, preparation for tests. There will be absolutely no
make–up quiz.
HOMEWORK:
Apart from assignments that will be collected and graded, homework may be given but not collected.
Students are expected to do the homework to get good grade.
FINAL EXAMINATION:
The final examination will be non-comprehensive. Final exam may consist of multiple-choice questions,
true/false, fill in the blanks, matching and problem solving questions.
GRADING SCHEME:
Quizzes and Assignments
Mid Semester Exam
Participation & attendance
Final exam
20%
35%
10%
35%
____
Total
100%
UB Grading system: A = 100-95%, A- = 94-90%, B+ = 89-85%, B = 84-80%,
C+ = 79-75%, C = 74-70%, D+ = 69-65%, D = 64-60%, F = below 59%.
TEXT AND REFERENCE MATERIALS:
REQUIRED TEXT:
Case, K. & Fair, R. (2007). Principles of Economics, 8th Edition, Prentice Hall.
REFERENCES:
Lipsey, R., Purvis, D., and Steiner, P. (1988). Economics, 5th edition (copies are available in the library).
Beardshaw (1998). Economics, A Student’s Guide, 3rd edition.
Hardwick, P (1998). Introduction to Modern Economics, 8th.edition
The Economist
Business Week
Money Line (CNN)
Local Newspapers
COURSE CONTENT:
CHAPTER
1
2
3
18
19
20
20
21
22
23
33
34
WEEK(S)
The Scope and Method of Economics
The Economic Problem: Scarcity and Choice
Demand, Supply and Market Equilibrium
Introduction to Macroeconomics
National Income Accounting
Unemployment
Inflation
Aggregate Expenditure and Equilibrium Output
The Government and Fiscal
The Money Supply and Central Banking
International Trade, Comparative Advantage, and
Protectionism
The Balance of Payments and Exchange Rates
FINAL EXAM
Week 1
Week 2
Week 3 & 4
Week 5
Weeks 6 & 7
Weeks 8
Week 9
Week 10 & 11
Week 12
Week 13 & 14
Week 15
Week 16
Week 17
POTENTIAL CHANGES:
This outline is subject to change at any time. Should this become necessary, I will inform you of such
changes. The outline is simply a guideline for the material to be covered in the course.