ECON 2301

Principles of Macroeconomics


Instructor: Nina Palmo

Course number: 07034 Lecture 054

Meeting time and location:  MW 4:00-5:15pm in A222 CPHS


How to Reach the Instructor

My e-mail address is I check e-mail frequently and this is the best way to reach me. I often reply immediately. If you need to reach me by phone, you can leave a voicemail message at 512.223.1790 extension 26482. I will strive to return these messages within three working days.


Office hours

I will hold office hours after class on Mondays and Wednesdays in our regular classroom. I am also available to meet with students outside of the regular office hours by appointment.


Early College Start

For your privacy and in compliance with FERPA, I will only communicate class performance to students enrolled in the course. I will not communicate grades or other course information to anyone not enrolled in the course. It is your responsibility to communicate with parents, guidance counselors, or school officials if necessary.


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.


Required Materials

The required textbook for the course is Macroeconomics by McConnell, Brue, and Flynn (18th edition). You are also required to register for Aplia, an online tool that you will use to complete homework. The cost of Aplia is $35. Registration instructions are attached to the syllabus.


Instructional Methodology           

The required material will be presented in class through a combination of lecture, discussion, and small group exercises. Active participation is encouraged!


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.

Course Objectives

As established by the Department of Economics, 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 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


Course Evaluation and Grading

All students will be graded according to the following criteria:


Homework (30%)

Homework will be done online and submitted through Aplia. Homework is due through    Aplia at 10pm on Friday each week. I strongly recommend that you begin the homework assignment no later than the Wednesday before. This will give you some time to work out any difficulties (technical or otherwise) that you may encounter. At the end of the semester, I will drop your lowest homework grade. Late homework will not be accepted for any reason.


Midterm exams (40%)

There are two midterm exams, each worth 20% of your final grade.


Final exam (30%)

There is a cumulative final exam is on the last day of class.


A missed midterm or final exam will be treated as a zero. Only serious and substantiated medical or personal emergencies may be accepted as legitimate excuses for a missed exam. A make-up exam will typically be composed of technical essay questions rather than multiple-choice items.


Final grades will be assigned as follows:

A (90-100), B (80-89), C (70-79), D (60-69), F (below 60)



Attendance will be taken daily. Attendance and class participation are vital to your education and that of your classmates. Students are required to attend class daily and participate in class discussion, small group exercises, and other activities. If know you will be absent, advance notice is appreciated.






Should you decide to withdraw from the course for any reason, it is your responsibility to do so by the established deadline. You will not automatically be dropped from the course for failure to attend. If you do not attend the course and do not withdraw yourself, you will receive an F in the course.



Incompletes will be given only when extraordinary events intervene so as to make completion of the course impossible. These events must be documented. Decisions about incompletes will be made on a case-by-case basis at the discretion of the instructor.


Academic Freedom

Each student is strongly encouraged to participate in class discussions. In any classroom situation that includes discussion and critical thinking, particularly about economic and political ideas, there are bound to be differing viewpoints. It is my hope that these differences will enhance class discussion and create an atmosphere where students and instructor alike will be encouraged to think and learn. Therefore, be assured that your grades will not be adversely affected by any beliefs or ideas expressed in class or in assignments. Rather, we will all respect the views of others when expressed in classroom discussions.


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, and 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.


Students with Disabilities

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 do this three weeks before the start of the semester.













Course Schedule



Wed. 1/20


Register for Aplia




Mon. 1/25

Ch. 1


Wed. 1/27


Submit HW 1 by Friday 10pm




Mon. 2/1

Ch. 2


Wed. 2/3


Submit HW 2 by Friday 10pm




Mon. 2/8

Ch. 3


Wed. 2/10


Submit HW 3 by Friday 10pm




Mon. 2/15

Ch. 4


Wed. 2/17


Submit HW 4 by Friday 10pm




Mon. 2/22



Wed. 2/24

Exam 1 (Ch. 1-4)





Mon. 3/1

Ch. 6


Wed. 3/3


Submit HW 5 by Friday 10pm




Mon. 3/8

Ch. 7


Wed. 3/10


Submit HW 6 by Friday 10pm




Mon. 3/15

Spring break


Wed. 3/17

Spring break





Mon. 3/22

Ch. 9


Wed. 3/24


Submit HW 7 by Friday 10pm




Mon. 3/29



Wed. 3/31

Exam 2 (Ch. 6, 7, 9)





Mon. 4/5

Ch. 10


Wed. 4/7


Submit HW 8 by Friday 10pm




Mon. 4/12

Ch. 11


Wed. 4/14


Submit HW 9 by Friday 10pm




Mon. 4/19

Ch. 12


Wed. 4/21


Submit HW 10 by Friday 10pm




Mon. 4/26

Additional topics


Wed. 4/28


Submit HW 11 by Friday 10pm




Mon. 5/3

Additional topics


Wed. 5/5


Submit HW 12 by Friday 10pm




Mon. 5/10



Wed. 5/12

Final exam