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SYLLABUS
PALO ALTO COLLEGE
FALL, 2012
ECONOMICS 2301 - MACROECONOMICS
Instructor:
Office:
Phone:
Fax:
Office Hours:
Ken Glass
Room #: Guadalupe 110
(210) 486-3151
(210) 486-3141
M-R: 6-8pm
Mailing Address: Social Science Department, Palo Alto College,
1400 W. Villaret, San Antonio, TX 78244-2499
Email Address:
[email protected]
GETTING STARTED
McGraw-Hill Connect: Go to http://connect.customer.mcgraw-hill.
Click the GET STARTED button at the bottom of the Page. Next
click on the drop down menu Students with links to Get Started,
How to Register for Connect, Student Features, Student
Ambassadors, and Technical Support.
When registering for Connect you will need an email address and
the course URL (http://connect.mcgrawhill/class/k_glass_econ_230100c_1). Those of you who have
purchased a 13th edition of the book with a Connect access code
can use the code to register in Connect. Students who are using
an early addition of the book will have to purchase the Connect
access code. Students can also utilize the three week free trial
of the e-book to start the class immediately. Caution, the three
week trial will only be active for twenty-one days. You will be
required to purchase access to Connect at that time or lose
access to the class. If you have trouble registering email or
call the McGraw-Hill Technical Support Center for assistance.
Lastly, students can go directly to the course using the course
URL if Canvas is down for any length of time.
COURSE DESCRIPTION
Catalog Description: This course focuses on economic analysis of
the economy as a whole. Topics covered include the determination
Of aggregate income and employment, fiscal policy, operation of
the monetary system, short-term income fluctuations, long-term
income growth, the role of government, and problems of
international trade and finance.
Course Description: An analysis of the economy as a whole including measurement and
determination 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.
Course Objectives: The aim of Econ. 2301 is to provide the student with the following:
1. An understanding of the structure of the national economy and the role of households, firms,
government, and the rest of the world in that economy.
2. The ability to understand and calculate the individual components of the national economy.
3. An understanding of the role of government in developing fiscal and monetary policy for an
economy.
Student Learning Outcomes: Upon successful completion of this course, students will:
1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in
economic decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both
market supply and demand curves on equilibrium price and output.
3. Define and measure national income and rates of unemployment and inflation.
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in
the market economy.
5. Define money and the money supply; describe the process of money creation by the banking
system and the role of the central bank.
6. 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.
7. Explain the mechanics and institutions of international trade and their impact on the macro
economy.
8. Define economic growth and identify sources of economic growth.
9. Research and analyze economic data in order to reach informed conclusions about those data.
10. Express oneself with precision and clarity, whether orally or in writing.
REQUIRED MATERIALS:
REQUIRED MATERIALS:
THE MACRO ECONOMY TODAY, 13th edition with McGraw-Hill’s Connect by Bradley R.
Schiller.
RECOMMENDED:
Wall Street Journal, Newsweek, Barron's, Forbes, or S.A. Express-News, etc.,.
COURSE ELEMENTS:
1. Read textbook assignments and complete homework assignments in McGraw-Hill’s
Connect.
2. Supplement and reinforce readings with web tools located in McGraw-Hill’s Connect
student resources in your library tab.
3. Take chapter quizzes.
4. Complete a journal assignment
5. Optional Extra Credit Quizzes
6. Optional Term Paper
7. Take a Final Exam
RECOMMENDED:
Wall Street Journal, Newsweek, Barron's, Forbes, or
S.A. Express-News, etc.,.
ASSIGNMENTS: Textbook reading assignments are given weekly. A
chapter should be read prior to attempting any assignments.
Homework assignments should be completed first. Next complete your
mandatory quizzes. Lastly, complete the extra credit quiz.
ECONOMIC JOURNAL: The student will follow current events involving economics and
prepare a scrapbook (12 different newspaper reports). In particular, stories from such sources as
The Wall Street Journal, Newsweek, Barron's and the S.A. Express-News, etc., will be used to
illustrate economic concepts in action. In the first paragraph (four or more sentences), summarize
each article. In the second paragraph (four or more sentences), relate the main idea of the article
to relevant concepts in microeconomics.
Include a Cover Sheet & Table of Contents. Also, include a copy of each article (You may paste,
tape, or photo copy the article to the back of your summaries). Number each of your summaries
(do not number your articles). Type & spell check your work. Clasp your summaries & articles in
a two or three prong paper folder (points will be deducted if a paper folder is not used).
Journals will be turned in the week of November 5-9, 2012. There are two options for tuning in the
journal: 1) Students may leave the journal with the secretary of the Social Science Department which
is located in Building "B", Palo Alto College during the following hours: 8:30 a.m. to 4:30 p.m.
Monday thru Friday or 2) mail the journal to the instructor (Ken Glass, Palo Alto College, Social
Science Dpt., 1400 W. Villaret, San Antonio, TX 78224-2499). If you are mailing your journal, put it
in an appropriate sized envelope. I suggest you visit your local post office to get your package
weighed for the correct postage. Journals must be post marked by Nov. 9, 2012 or students will have
five (5) points deducted from their score for each calendar day it is late including weekends &
holidays (No Exceptions). Note, journals will not be returned, therefore, I suggest you make a
paper and/or computer copy for your records.
PARTIAL LIST OF JOURNAL (SUMMARY) TOPICS
1) Jobs or Unemployment, GNP, GDP
2) Public Debt, Public Deficits
3) Interest Rates, Inflation, Price Index
4) Monetary Policy, FED
5) Trade Deficit, IMF, NAFTA, CAFTA
***SEE JOURNAL EXAMPLE IN SYLLABUS***
HOMEWORK
Homework assignments (Learn Smart Modules) will be given on a weekly basis. Read your
textbook chapter(s) prior to attempting the homework. Students may take the homework quizzes
multiple times without penalty. The idea is to master the economic concepts and ideas before
moving on to the Chapter Quizzes. Note: Complete the Learn Smart modules before
attempting the Chapter Quizzes.
CHAPTER QUIZZES
Quizzes will be given on a weekly basis. Students may review their quiz results in Connect the
day following the quiz close date. Students must have taken a given quiz to review it. In other
words, you will not be able to access a particular quiz unless you have taken the quiz. Note:
Complete the Chapter Quizzes before attempting the Extra Credit Quizzes.
EXTRA CREDIT QUIZZES
Extra Credit Quizzes will be given on a weekly basis. Students may review their extra credit quiz
results in Connect the day following the quiz close date. Students must have taken a given extra
credit quiz to review it. In other words, you will not be able to access a particular extra credit
quiz unless you have taken the quiz. An additional 10% will be added to the final quiz average
for those who complete the extra credit quizzes. Caution: Students should complete the
Chapter Quizzes before attempting the Extra Credit Quizzes.
EXTRA CREDIT TERM PAPER:
A research paper (using MLA Handbook conventions), typed, double
spaced, 4-5 pages in length. The research paper will be scored on
the basis of the following factors: concise arguments, depth of
analysis, sharpness of focus, and logical progression of ideas.
Style and mechanics will also be factored in. The student will use
skillful and logical writing. Your paper should have a beginning
which introduces the topic and thesis statement, a middle which
presents the analysis and core ideas and an ending that summarizes
your presentation and contains your conclusion.
Parenthetical documentation must be used within the body of the
paper. Include a title page and bibliography which will not count
toward the length of the paper. Encyclopedias and the Internet
(except for full text newspaper articles) are not acceptable
sources for the research paper. Acceptable sources include books
(two minimum), magazines and newspaper articles. The extra credit
assignment will be due Friday, November 9, 2012 will be accepted at
the end of class. Papers will not be accepted after this date &
time (NO EXCEPTIONS). An additional 5% will be added to the final
grade total for those who complete the extra credit assignment.
Note: extra credit papers will not be return, therefore, I suggest
you make a paper &/or computer copy of your journal for your
records.
GRADING:
GRADING SCALE:
Homework
20%
Chapter Quizzes
Journal
40%
30%
Final Exam
Extra Credit Quizzes
(if applicable)
Term Paper
(if applicable)
10%
90-100
80-89
70-79
60-69
Below 60
FINAL GRADE =
+
+
+
+
+
10%
5%
A
B
C
D
F
.20 * [Homework Average]
.40 * [Chapter Quiz Average]
.30 * [Journal]
.10 * [Final Exam]
.10 * [Extra Credit Quiz Average]
.05 * [Extra Credit Term Paper]
ADDITIONAL INFORMATION
All assignments to be turned in will be typed!!!
Students wishing to withdraw from the course must do so through the Admissions
and Records Office. Admissions and Records will drop a student through written
request and/or a personal visit. Please do not rely upon me to drop you from the
course. The last day to drop the course with a recorded grade of ‘W’ is Tuesday,
November 11, 2012.
SCHOLATIC DISHONESTY
Plagiarism or cheating or any behavior that can be construed as such, such as
giving or taking answers on a quiz, is unacceptable. Plagiarism is also taking
the words or ideas of others as your own. There are many and varied (all bad)
solutions for academic dishonesty/ Please see the Palo Alto College written Code
of Conduct in the Student Policy Manual. If I suspect that any act of academic
dishonesty has occurred, you will receive a zero (0) for the assignment, if it
happens again, you will receive an “F” for the course. There are not exceptions
to this policy.
SYLLABUS/SCHEDULE CHANGES
I reserve the right to amend, clarify, or change the syllabus or course schedule
at any time.
I will always inform you of any amendment, clarification, or
change.
EEOC/ADA STATEMENT
The Alamo Community College District, including its affiliated colleges, does not
discriminate on the basis of race, religion, color, national origin, sex, age, or
disability with respect to access, employment programs, or services. Inquires or
complaints concerning these matter should be brought to the attention of the
Director of Human Resources, Title IX Coordinator, 210/208-8051. The address is
Human Resources Department; 201 w. Sheridan, bldg. AA; San Antonio, TX 78204.
For special accommodations or alternate formats, contact the Palo Alto Disability
Services Center.
NAME---------------------------------------Jane Doe
COURSE-------------------------------------Economics 2301
INSTRUCTOR---------------------------------Ken Glass
DATE---------------------------------------November 5-9, 2012
TABLE OF CONTENTS
Bernanke Warns Lawmakers on Deficit
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TITLE: Bernanke Warns Lawmakers on Deficit
SOURCE: Wall Street Journal
DATE: June 4, 2009
PAGE: A3
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