AUSTIN COMMUNITY
COLLEGE
PRINCIPLES OF
MACROECONOMICS
ECONOMICS 2301
FALL SEMESTER, 2009
INSTRUCTOR: DR. CHARLES AKI
______________________________________________________________________________
COURSE GUIDE
CLASS SCHEDULE AND OFFICE HOURS
43946, ECONOMICS 2301
OFFICE HOURS: MONDAY & TUESDAY, 6:00 PM – 7:00 PM
OFFICE: Room 2111, NRG2 CAMPUS, TEL: 461-9477
E-MAIL: charlesaki@yahoo.com
TEXTBOOK: PRINCIPLES
OF MACROECONOMICS
BY
N. GREGORY MANKIW, 4th Edition or Later
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.
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.
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.
CLASS PROCEDURE
The class schedule is attached. In the schedule you will find the required reading in the textbook for each week. Read the material before each class time. You are required to submit an outline of each period's required reading every Monday. You will earn 10 points for each outline that is properly turned in. All 8 outlines will yield a total of 80 points, equivalent to 8 percent of the course grade. There will be one mid-term exam (worth 400 points) and a final exam (worth 400 points). To help you review for these exams, there will be two quizzes, each worth 60 points, for a total of 120 points.
COURSE POLICIES
You are required to adhere strictly to all college requirements for attendance. Serious absences, excused or not, are grounds for withdrawal. All absences must be cleared with me.
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.
GRADING POLICY
Please refer to the Student Handbook for complete grading system. I will assign grades of A, B, C, D, I or F in this course. The following scales and weights will be applied:
GRADE SCALE POINTS WEIGHTS
A = 90 - 100 MID-TERM EXAM 400 (40%)
B = 80 - 89 FINAL EXAM 400 (40%)
C = 70 - 79 WEEKLY OUTLINES 80 (8%)
D = 60 - 69 REVIEW QUIZZES 120 (12%)
F = Below 60 TOTAL 1000 (100%)
AUSTIN COMMUNITY COLLEGE
PRINCIPLES OF
MACROECONOMICS
ECONOMICS 2301
FALL SEMESTER, 2009
INSTRUCTOR: DR.
CHARLES AKI
________________________________________________________________________
COURSE SCHEDULE
DATE TOPIC MATERIAL
________________________________________________________________________
AUG 24 The
Principles of CHAPTER
1
Economics
AUG 31 Thinking
Like An CHAPTER
2
Economist
SEPT 7 – SEPT 14 Interdependence
and CHAPTER
3
The
Gains from Trade
Market
Forces of CHAPTER
4
Supply
and Demand
SEPT 21 – SEPT 28 Elasticity
& Its CHAP
5
Applications
Supply, Demand
& Government
Policies CHAP
6
SEPT 28 Review
Quiz
OCT 5 Review
for Mid-Term Exam
OCTOBER 12 MID-TERM
EXAM (CH
1 - 6)
OCT 19 Measuring
a Nation's Income CHAP
10
OCT 26 Measuring
the Cost of CHAP
11
Living
NOV 2 The
Natural Rate of CHAP
15
Unemployment
The
Monetary System CHAP
16
NOV 9 Money
Growth & Inflation CHAP
17
NOV 16 Aggregate
Demand & CHAP
20
Aggregate
Supply
NOV 23 Influence of Monetary Policy & CHAP 21
Fiscal Policy on Aggregate Demand
FINAL REVIEW QUIZ
NOVEMBER 30 Review
for Final Exam
DECEMBER 7 FINAL
EXAM (CHAP
10-11, 15-17 & 20-21)