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ECO 2013 Principles of Economics: Macro (Online) Fall 2010, Term A (Section 0515 Online) Instructor: William L. Huth, Ph.D. email: [email protected] Prerequisite: None MyEconLab Course ID: XL0J-S1H4-201Y-5VK2 (note: zero not an O (oh), University Catalog Course Description Introduction to economics with emphasis on the study of aggregate economic activity, national income, price level determination, and economic growth and development. Online Delivery This course is delivered completely online. You must have fast, consistent, and reliable access to the internet and a computer sufficiently capable of running the requisite software and plug-ins. You must also use your UWF email address for correspondence regarding the course. This delivery medium may well be a different environment for many. You will generally set your own schedule, participate in class activities at your convenience, and work at your own pace. You may end up spending additional time online during the first week or two as you become acclimated to the online format. You should be prepared to spend about 5-6 hours online each week completing lessons, activities, and participating in class discussions. Finally you may want to consider the following tips to get started: Set yourself a schedule: check the course web site early in each class week to see what tasks require completion that week. Become very familiar with the web sites and how to use them. Team up with classmates to discuss class assignments and questions you might have. Use the discussion forums. Check the “classlist” link ? for biography info and email contact info. Ask questions in the forums when you need answers. If you have a significant issue, contact me via my email address. Course Materials Text: Hubbard, Glenn R. and Anthony P. O’Brien, 2010. Economics, Third Edition (Please note that this is the third edition; there is both a first and second edition of the text that can substitute for the third). New Jersey: Pearson-Prentice Hall. This Hardback text has content for BOTH online Macro (ECO2013) and online Micro (ECO2023). MyEconLab Student Access Kit. A six month subscription is included with the textbook. This covers both Micro and Macro. The access code is located in the text package and you can register by visiting: http://www.myeconlab.com Note: You MUST have this to complete Homework and Quizzes, if it is not bundled with your text then you must purchase it directly. Other Materials The Hubbard and O’Brien text also comes in a softcover split format, the split formats have content for only one course: Hubbard and O’Brien (2010), Macroeconomics Hubbard and O’Brien (2010), Microeconomics There is also a text in a ringed/spiral binder available from Pearson that is much cheaper. If you go to the http://www.prenhall.com web site you can find other materials including an eText subscription alternative to purchasing the book(s) and “Vangonotes” an mp3 based audio study guide supporting the Hubbard and O’Brien text. Special Technology Requirements This course is totally online so that all instructional content and interaction will take place over the internet. You should have regular and reliable access to the internet via a fast connection. Your computer should run the Microsoft Windows XP operating system (Note that Vista or Windows 7 can also be used but there may be technology issues associated with that operating system and UWF ELearning). For documents use Microsoft Word (Note that Microsoft Office 2007 formats are also supported). In addition to fundamental word processing and spreadsheet skills, you should be able to send and receive emails with attachments and you should be able to upload files to and download files from the internet. You should also have the following: Browser: Internet Explorer (version 6.0 or above), Netscape (version 7.1 or 7.2) Adobe Acrobat Reader: http://www.adobe.com/products/acrobat/readstep2.html Power Point Viewer: http://microsoft.com/downloads/details.aspx?FamilyId=D1649 C22-B51F-4910-93FC-4CF2832D3342&displaylang=en Windows Media Player: http://www.microsoft.com/windows/windowsmedia/download/ Quicktime Player: http://www.apple.com/quicktime/download/ Macromedia Flash Player: http://macromedia.com/shockwave/download/download.cgi?P 1 Prod Version=ShockwaveFlash Course Requirements and Grading Your course grade will be based on four components: required homework, quizzes, weekly essays, and a paper. You will be required to complete a weekly module homework assignment and quiz at the MyEconLab (http://www.myeconlab.com) web site based on the assigned chapters in the particular module. You will also be required to develop a macroeconomic research paper. Finally you are expected to develop a weekly essay on macroeconomic topics from the assigned chapter(s). You may also participate in discussions with your classmates on the elearning discussion forums for extra credit. Each course component will accumulate points and your grade will be determined on the percent of total points that you are able to accumulate. The point distribution is as follows: Homework (25 points), Quizzes (25 points), Paper (25 points), and Essays (25 points). Homework and quizzes combine equally to determine 50% of your grade and the paper and essays combine equally to contribute the other 50%. Extra credit from participation in class discussion forums is possible. Your final grade will be determined on a percent of total points basis and recorded as outstanding (A), above average (B) , average (C), below average (D), or failure (F) with an appropriate letter and a minus or plus. Course Requirement Information: Homework will be assigned and completed using the MyEconLab (http://www.myeconlab.com) web site. The homework assignments and quizzes will be available for completion starting at 1pm on the Friday prior to the first day of each Module/Week and will close at 11:59pm cst on the Sunday of that Module/Week. Homework assignments are not time limited. Quizzes are time limited and once you begin you will have 35 minutes to complete. Homework can be a group effort but the quizzes are to be taken individually. The quiz for each student will be different. You will not be able to view your quiz results until after the module closes. The paper dropbox will be open until 11:59pm cst the Sunday following the last day of classes. The weekly essay dropbox will also close with the module each Sunday at 11:59pm. Course Goals, Objectives, and Learning Outcomes An overall goal for this course is to provide you with the opportunity to acquire the knowledge and skills needed to study and understand the workings of an economy. The topics outlined above will provide the basic tools necessary to develop economic models that describe how the United States macro economy operates so that you can understand the policy issues that face the nation. In order to meet this goal, by the end of the course you will be able to do the following (in other words, you should expect these core learning outcomes if you meet the expectations for satisfactory engagement with and involvement in the course): (a) You will be able to comprehend, explain, and discuss basic macroeconomic concepts and theory. (b) You will be able to apply macroeconomic reasoning in the examination of problems facing decision makers in both business and the formation of public policy. (c) You will be able to interpret basic macroeconomic data and information within the context of aggregate demand and supply concepts and theory to expand your understanding and knowledge of economic systems. (d) You will be able to apply your knowledge of the macro economy economic to explain the formation of basic business and economic plans and strategies. (e) You will be able to explain how and why the federal government intervenes in the economy to maintain full employment, growth, and stable prices. Basically, at the end of the course, you should be able to read newspaper articles about or watch news coverage of the current economic state be comfortable in understanding the issues raised (eg. The principal causes of the economy’s current state), anticipated changes (eg. interest rates), and expected impacts. Each text chapter in the various course modules also has a set of specific student learning objectives associated with it. Those objectives are specified in each chapter's "Learning Objectives and Overview" document along with a chapter summary and outline. Homework and quizzes are coupled directly with the learning objectives associated with the particular knowledge area. Topical Outline I. Foundations, Models and Markets, Chps. 1-3 II. Measuring Production and Income, Unemployment and Inflation, Chps.19, 20 III. Business Cycles and Growth, Chps. 21, 22 IV. Output and Expenditure, Aggregate Demand and Supply, Chps.23, 24 V. Money, Banks, and the Fed, Monetary Policy, Chps. 25, 26 VI. Fiscal Policy and Federal Policy Chps.27, 28 VII. International Aspects, Chps. 29, 30 Schedule (See Schedule Document) Please note that I reserve the right to alter the above requirements to adapt to changing circumstances in order to achieve optimal student learning. University Required Syllabus Content Special Needs Assistance Students with special needs who require specific examinationrelated or other course-related accommodations should contact Barbara Fitzpatrick, Director of Student Disability Resource Center, [email protected], (850) 474-2387. Student Disability Resource Center will provide the student with a letter for the instructor that will specify any recommended accommodations. Academic Conduct Policy Expectations for Academic Conduct/Plagiarism Policy As members of the University of West Florida, we commit ourselves to honesty. As we strive for excellence in performance, integrity – both personal and institutional – is our most precious asset. Honesty in our academic work is vital, and we will not knowingly act in ways to erode that integrity. Accordingly, we pledge not to cheat, nor to tolerate cheating, nor to plagiarize the work of others. We pledge to share community resources in ways that are responsible and that comply with established policies of fairness. Cooperation and competition are means to high achievement and are encouraged. Indeed, cooperation is expected unless our directive is to individual performance. We will compete constructively and professionally for the purpose of stimulating high performance standards. Finally, we accept adherence to this set of expectations for academic conduct as a condition of membership in the UWF academic community. The Student Code of Conduct sets forth the rules, regulations and expected behavior of students enrolled at the University of West Florida. Violations of any rules, regulations, or behavioral expectations may result in a charge of violating the Student Code of Conduct. It is the student’s responsibility to read the Student Code of Conduct and conduct themselves accordingly. You may access the current Student Code of Conduct at http://www.uwf.edu/judicialaffairs. Links: Academic Conduct Policy: http://uwf.edu/academic/policies/acadpol/acpolicy.htm Plagiarism Policy: http://uwf.edu/cas/aasr/Plagiarism.pdf Student Handbook: http://www.uwf.edu/uwfmain/stuHandbk/