Austin Community College Logo              AUSTIN COMMUNITY COLLEGE

                                 ELOY GOMEZ

        PRINCIPLES OF MACROECONOMICS

ECON 2301-055

          SUMMER II 2012

 

COURSE INFORMATION: Round Rock High School, ROR1 Room 208

                SYNONYM:  03983

                LECTURE: M-TH  03:00  - 04:45 PM

 

INSTRUCTOR INFORMATION

                Office:   Room 1029, Pinnacle Campus, Austin, Texas    

                Phone:     Office: 512-223-1795 x 26259    cell: 817-235-7206 (for emergencies only)

E-mail:       egomez@austin.rr.com or egomez2@austincc.edu

Office Hours:  9:30-10:00 AM Tues & Thurs, or by Appointment

 

 

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.

 

Principles of Maroeconomics is a 3 credit hour course, and consists of 3 lecture hours per week.  Class attendance is mandatory.

 

REQUIRED TEXTS/MATERIALS:

¿  Required:   Macroeconomics, 10th Ed, Parkin, Pearson

¿                      MyEconLab,  Pearson

 

SCANS COMPETENCIES:

SCANS is the Secretary’s Commission on Achieving Necessary Skills. Please go to http://www.austincc.edu/mkt/scans.htm#whatis for complete definitions and explanation of SCANS.  This list summarizes the SCANS competencies addressed in this particular course.

1.       Student exhibits responsibility:  Exerts a high level of effort and perseverance toward goal attainment, works hard to become excellent at doing tasks by setting high standards, paying attention to details, working well and displaying a high level of concentration even when assigned an unpleasant task; and displays high standards of attendance, punctuality, enthusiasm, vitality and optimism in approaching and completing tasks. 

 

2.       Student acquires information:   Identifies need for data, obtains them from existing sources or creates them, and evaluates their relevance and accuracy. Competently performing the tasks for acquiring data and evaluating information includes posing analytical questions to determine specific information needs, selecting possible information and evaluating its appropriateness, and determining when new information must be created. 

   

3.       Student communicates information:  Selects and analyzes information and communicates the result to others using oral, written, graphic, pictorial, or multi-media methods. Competently performing the tasks of communicating and interpreting information to others includes determining information to be communicated, identifying the best methods to present information (i.e. overheads, handouts, etc.), and if necessary, converting to desired format and conveying information to others through a variety of means including oral presentation and written communication.

 

 

 

 

INSTRUCTIONAL METHODOLOGY:

The objectives of this course will be met by incorporating a variety of instructional methods.  These include lecture, class exams and quizzes, class problem-solving, written analysis, spreadsheet, and word processing.

COURSE RATIONALE:

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, economics, government, and social work courses.

 

COMMON COURSES LEARNING OBJECTIVES/OUTCOMES:

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;

-and 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.

ACC POLICIES

Academic Freedom Statement:  Each student is strongly encouraged to participate in class. In any classroom situation that includes discussion and critical thinking, there are bound to be many differing viewpoints. These differences enhance the learning experience and create an atmosphere where students and instructors alike will be encouraged to think and learn. On sensitive and volatile topics, students may sometimes disagree not only with each other but also with the instructor. It is expected that faculty and students will respect the views of others when expressed in classroom discussions. (See Student Handbook: www.austincc.edu/handbook)

 

Student Discipline: Classroom behavior should support and enhance learning. Behavior that disrupts the learning process will be dealt with appropriately, which may include having the student leave class for the rest of that day. In serious cases, disruptive behavior may lead to a student being withdrawn from the class. ACC's policy on student discipline can be found in the Student Handbook:  www.austincc.edu/handbook

 

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, 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 electronically or on paper; projects, either individual or group; classroom presentations, and homework. Electronic devices may not be used for exams unless specifically authorized by the instructor.  Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on one assignment to an F in the course and/or expulsion from this institution.

See Student Handbook: www.austincc.edu/handbook

 

Students with Disabilities Statement:  Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable 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 make their requests three weeks before the start of the semester.  (See Student Handbook: www.austincc.edu/handbook)

 

Grade Change Policies: Click on this link to view the policy. See Student Handbook: www.austincc.edu/handbook/policies2.htm

Rule of Three:  Per state law, effective spring 2006 any student taking a class for the third time or more may be charged an additional $60 per credit hour unless exempted. Click on this link for more information: 

http://www.austincc.edu/admiss/ruleofthree

COURSE EVALUATION/GRADING SYSTEM:

Course Grading:

 

ITEM                                    POINTS               

MyEconLab Homework            40

MyEconLab Quizzes                  60  

Exam 1                                        100

Exam 2                                        100

Exam 3                                        100

Exam 4                                        100  

Final Exam                                 150

Total Points                                650

 

 

Basis for Grading:

Points

Grade

585-650

A

520-584

B

455-519

C

390-454

D

Below 390

F

 

Exams: The exams will be a combination of multiple choice and problems.  DO NOT MISS EXAMS.  If  you  must miss an exam, please contact me BEFORE the start of the class following the exam by email, phone or a call to the school’s counseling department. No make-up exams will be given. If you have a reasonable reason for missing the exam, and you make the effort to contact me as discussed above, then the missed exam will be an “excused exam” and the final exam score will also be used as the missed exam. PLEASE NOTE, HOWEVER, THAT A STUDENT CANNOT MISS MORE THAN ONE EXAM AND PASS THIS COURSE. 

 

HOMEWORK & QUIZZES

  1. On-line Homework Assignments

There will 13 homework assignments students must complete on the Internet site MyEconLab. Students will have the chance to work and rework these assignments right up until their deadlines.

See below for the deadlines for each assignment.

All assignments must be turned in on time. No late work will be accepted.

The average of these homework assignments will be worth 40 points of the total 550 points.

However students should note two things about this average:
First--Since students can rework these assignments as many times as they want to, students should be able to make 100% on them if they start on them well before the deadline approaches.
Second--The two lowest grades on the homework will be dropped before the twelve highest are averaged.

Homework assignments are practice assignments. They are assigned to help students grasp the material in the associated chapter and to prepare students for the quizzes and texts.

 

  1. On-line Quizzes:

There will be 13 Chapter Quizzes associated with the 13 Homework assignments.

The Quizzes can be taken as many times as desired, but no additional attempts can be made after the deadline passes. Each chapter’s deadline will be clearly indicated on the MyEconLab assignment page. Please note that the score on the last attempt before the deadline passes will be graded and saved as part of the student’s grade.

 All Quizzes must be completed by their deadlines. No late work will be accepted.

The average grade on the quizzes will be worth 60 points of the total 550 points. This average will be calculated after removing the two lowest quiz grades.

  1. Homework and Quiz Due Dates

The deadlines for completing the homework assignments and quizzes on MyEconLab are given when a student enters the MyEconLab sites.

Macroeconomics, Tenth Edition, plus MyEconLab:

This is a traditional introduction to macroeconomics college textbook. If you buy this text new, an access kit granting students access to the on-line homework site, MyEconLab, and the associated eBook has been added.

Some version of the textbook, new, used, or eBook, is required, but access to the course's MyEconLab site is required.

You can buy the eBook and MyEconLab together as a package without the hardcopy of the textbook if you so desire. Instructions on how to do so can be found below.

You can buy used copies of this text also. In fact, I see no reason why you couldn't use the 9th editions if you can find them. (Hint: Search engines). However, you need to be careful here, because in all probability you will not receive an access kit to MyEconLab that has not been used, even if you buy a used 10th edition. So, if you do buy used, you will most likely still need to buy access to MyEconLab. Instructions on how to do this can also be found below.

WHERE TO PURCHASE:

  1. ACC Bookstores have the following textbook for sale:  Macroeconomics , Tenth Edition, by Michael Parkin (Pearson/Addison-Wesley, 2010). This package will contain a hard copy of the text and an Access Code for MyEconLab and the eBook.

    I estimate the selling price will be $165 with an access kit for MyEconLab and the eBook.

    If the ACC bookstore at the campus nearest you does not carry this text, it can have it sent over from the main ACC bookstore. The main ACC Bookstore is located at 824 W. 12th Street. This is near the Rio Grande Campus. Its telephone number is (512) 480-0815. You can order the text on-line through the ACC Bookstore by visiting http://austincc.bncollege.com.

    This textbook can be purchased on-line also. For example, on July 28, when I wrote this, Amazon had 5 new copies with an access code for MyEconLab for sale for $145 and 20 used from $92. Of course if the used book does not have an access code for MyEconLab, that will have to be purchased separately for $45. If you do buy your copy on-line, be sure to do so at least two weeks in advance of the start of the semester. Students in previous semesters have told me that their on-line orders are very slow to arrive.
  2. If you wouldn't mind using just the eBook (no hard copy), you can buy access to the eBook when you sign up on-line for MyEconLab.  The eBook plus MyEconLab costs about $80. The eBook will contain exactly the same material as the hardcopy of the textbook available in the bookstore. You can also purchase MyEconLab with a direct from the publisher loose leaf, 3-hole punched hard copy for about $85, or you can purchase access to MyEconLab as a stand alone product for about $45.
    1. Go to http://www.myeconlab.com/
    2. Click the "Students" button under "Register."
    3. Enter this Course ID #: XL0Y-415L-401Z-1D02 (Note there are no LETTER O’s in the ID)
    4. On the next page, you will see a picture of the cover of the textbook used in this course.
      You will be given a choice of accessing your MyEconLab course using an access code or you can buy access online.
      If you purchased a new textbook in the ACC Bookstore, it should have come with a 16 figure Access Code.
      You should have that ready to type in if you have already purchased the textbook.
    5. If you have not yet purchased a textbook and don't plan to, then choose the "Buy Now" option.
    6. Once you make the "Buy Now" option, two more choices will appear on the screen.
      You can either choose to buy access to MyEconLab without the eText or you can buy access to MyEconLab with the eText. See the Pearson Site for current prices.
    7. Whichever choice you make, after you are fully registered into your MyEconLab course, you can purchase a discounted loose-leaf, full color version of your text.
      The option to do so is located in the “Student Center,” available from inside your MyEconLab course.
    8. After you have made your choice, you will be taken to a page where you will be able to accept or decline the license agreement and privacy policy.
      Please accept.
    9. Once you have accepted the license agreement, you will be asked if you already have a Pearson account. For those of you who do have such an account because you used MyEconLab, MyAccountinLab, or MyMathlab before, then you will nee to remember your login name and password.

      If you check "NO," then you will be asked to create a Login Name and Password.
    10. Once you have your Login Name and Password set up, you will be taken to a page where you will be asked
      1. your name so that I will know that you have registered,
      2. your email address,
      3. country the school is in and its zip code (please use 78736) and the school (Austin C C - Pinnacle),
      4. and a security question.
    11. On the next page, you will be asked to enter your credit card informaion.

MyEconLab--Student Features:

(The following information about MyEconLab was taken from the publisher's web site at http://www.myeconlab.com/tours-training/prod-tour/index.html. It is worth a visit since additional information is present on that page. You may also take the regular tour now available on the MyEconLab home page: http://myeconlab.mathxl.com/login_econ.htm.)

Students benefit when they arrive for class confident and prepared. MyEconLab is the only online assessment system that gives students the tools they need to learn from their mistakes right at the moment they are struggling.

        I.            Personalized Study Plan

A Study Plan is generated from each student's results on Sample Tests and instructor assignments. Students can clearly see which topics they have mastered-and, more importantly, which they need to work on. The Study Plan links to additional practice problems and tutorial exercises to help on those topics.

      II.            Unlimited Practice

Many Study Plan and instructor-assigned exercises contain algorithmically generated values, ensuring students get as much practice as they need. Every problem links students to learning resources that further reinforce concepts they need to master.

   III.            Learning Resources

In the lower-left corner of each practice problem is a link to the eText page discussing the very concept being applied. Students also have access to guided solutions, animated graphs, audio narratives, flashcards, and live tutoring. MyEconLab has a suite of graphing tools for practice and current news articles that tie chapter topics to everyday issues.

    IV.            Test and Other Assignments

MyEconLab comes with two pre-loaded Sample Tests for each chapter so students can self-assess their understanding of the material. Instructors can assign these Sample Tests or create assignments using a mix of publisher-supplied content and their own custom exercises.


The instructor of this course strongly encourages students to take the product tour of MyEconLab available here: http://www.myeconlab.com/tours-training/prod-tour/index.html.

Important information about MyEconLab is contained in this tour. Please be sure to view all four parts of the tour:

  1. Welcome
  2. Getting Your Computer Ready to Use MyEconLab
  3. Using MyEconLab to Study on Your Own
  4. Using MyEconLab to Do Assigned Work

 

 

Recommended Study Method:

As a student you should:

  1. Spend as much time studying for this non-traditional course as you would have spent if you had registered for this course in its traditional lecture format - going to lectures and doing homework. This translates into about 12 hours a week for this 16 week course.
  2. Not procrastinate, and you should not cram for exams. Set up a regular study schedule for this course and stick to it!
  3.  The learning objectives listed in the textbook at the beginning of each online chapter are more general than those composed by the instructor. The instructor's learning objectives will be correlated to the examination questions.
  4. Study the assigned textbook material. This includes the "Issues and Applications" sections found at the end of most chapters.
  5. Complete the Study Plan and relevant Sample Test over the chapter you are studying. Re-study the material you were weak on.
  6. Go to the Study Plan again and take the second Sample Test for the chapter. Once again re-study the material you are still weak on.
  7. Do all of the Homework for the chapter you are studying. This Homework is graded but can be taken over and over again until you get it right.
  8. Take the relevant Quiz for that chapter after you feel comfortable with the material the chapter covers.
  9. Take the four exams and the final by their assigned dates.

 

COURSE POLICIES:

Attendance: Your attendance is expected at all classes.  Since the exams are a reflection of the material covered in class and assigned homework, it is to your advantage to attend.

 

Withdrawal: TBA is the last day to withdraw from this class and receive a grade of “W”.  If you wish to withdraw, it is your responsibility to do so.  PLEASE DO NOT ASSUME THAT I WILL WITHDRAW YOU. I have no obligation to do so.

 

Incomplete: Incomplete grades are given only on rare occasions at my discretion.  Generally, to receive an Incomplete, a student must have completed all examinations and assignments to date, be passing, and have personal circumstances that prevent course completion that occur after the deadline to withdraw.

 

Homework: See discussion above.

 

 Class Activities: Class activities will consist of lecture, class discussion, and problem solving.  

 

Tutoring:  The availability and scheduling of tutors will be discussed in class.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                               

TENTATIVE COURSE SCHEDULE

               

DATE                    CHAPTER                                                                                          

July         09           Introduction - Chapter 1

                10           Chapter 1 & 2

                11           Chapter  3

12           Chapter  3 – Review for Test 1 – Chapters 1-3

 

16           TEST 1 - Chapter 1-3

17           Chapter 4

18           Chapter 4 & 5

19           Chapter  5

 

23           Chapter 6- Review for Test 2 – Chapters 4-6

24           TEST 2 – Chapters 4 -6

25           Chapter  7            

26           Chapter 8

 

30           Chapter 8 – Review for Test 3 – Chapters 7-8

31           TEST 3 – CHAPTERS 7-8

Aug         01           Chapter 10

                02           Chapter 10 & 11

               

06           Chapter 11 

                07           Chapter 11 – Review for Test 4 Chapters 10-11

08           TEST 4 – Chapters 10-11

                09           Chapter 12

 

                13           Chapter 13

                14           Chapter 14

                15           FINAL EXAM – Departmental Final