COURSE SYLLABUS
Principles of Macroeconomics (Econ 2301)
Dr. Jack A.
Bucco
Spring 2008
Office
Hours: Sat 8:00 to 9:00 AM
Tues/Thur 7:00 to 7:45 AM
Mon/Wed 7:00 to 7:30 AM
Wed 4:00 to 6:00
Other hours available by appointment!
Phone: 512-223-3393
e-mail: jackbuc@yahoo.com
Macroeconomics deals with the consumers as a whole, producers as a whole, the effects of government spending/taxation, and the monetary policy of the Federal Reserve. It is also concern with unemployment, inflation, and the business cycle.
Attendance is
mandatory. More than four
absences the grade will be lowered one whole letter grade!!!! Exams will be taken from lecture/class notes
and readings from the text! Classroom
lectures will complement your text and class absences will severely hamper your
understanding. Be on time!!! If you
are late you will be considered absent. If you are absence you are
responsible for the lecture notes. I don’t give out my lecture notes to
anyone so don’t ask!!!!
Beware; don’t be
negligent about your absences. For example, don’t miss class for minor reasons
than have a serious situation and expect me to excuse you for the absences. NO!
The rule applies to everybody all the time!
This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students well-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.
Required: Text: Macroeconomics. Author: Boyes/Melvin/Bucco, Custom 6th edition.
All review sheets are in the study guide in the back of the text. The study guide contains various practice problems to re-enforce class lectures and all review sheets for all exams!!!! The study guide is an absolute must because it helps aid significantly in your comprehension and organization of the material!!!!!!
I encourage students to stay with the course as long as possible; however, this is a serious class that requires studying every night. I will be more than happy to help you!!
Define economics.
What are the three
basic steps to economic policy making?
Be able to define,
explain, and graph the production possibility curve.
Understanding and
applying supply and demand analysis.
Distinguishing
between a change in demand and a change in quantity demand.
Be able to define
and explain the six features of capitalism.
Be able to define
and explain both functional and personal distributions of income.
Define national
income accounting and its components.
Understanding
value-added approach.
Define and discuss
what is meant by inflation.
Explain how
inflation is measured.
Define and explain
unemployment.
Explain and discuss
what is meant by GDP.
List the components
of GDP.
Define and discuss
the meaning of the concept aggregate demand.
Define and discuss
the meaning of the concept aggregate supply.
Define and discuss
the meaning of the inflationary gap.
Define and discuss
the meaning of the inflationary in the context of AD-AS analysis.
Define and discuss
the meaning of fiscal policy.
Distinguish between
expansionary and contractionary fiscal policy and give an example of both.
Define what money is
and explain its functions.
Define and discuss
various measures of the money supply.
Explain how a
fractional reserve banking system works.
Explain the
structure and functioning of the Federal Reserve System.
List the tools of
monetary policy.
Distinguish between
expansionary and contractionary Monetary Policy and be able to give an example
of both.
Exams I,II,III,IV 30%
Mid-Term 35% A = 90-100
Final 35% B = 80-89
C = 70-79
D = 60-69
F = below 60
You will have mid-term exam (35%), a final exam (35%), and four additional exams (10% each). I drop the lowest grade of the four mini exams. There are no MAKE-UPS for the four mini exams. NO EXCEPTIONS! EVER! DON’T ASK!!!!!!! If you miss one of the four exams you will have to accept that one as your lowest grade. In addition, should you miss the mid-term or final, I will only accept a medical excuse for a make-up!
Suppose you get
the following grades
Ex: 1st exam 9.0
2nd exam 8.3
3rd exam 8.8
4th exam 1.2 this exam will be dropped!
*With each exam there will be a homework
assignment worth 10 percent of the grade that will be handed in the day of the
exam. This does not include the mid-term or final.
Mid-term 85 Chapters
1 to 5
Final 88 Chapters
6 to 12
9+8.3+8.8+
(85*.35)+(88*.35)=86.65 Grade
B
I am here to help
you. If you are having problems understanding the material please come see me.
No Curves or
Extra Credit!!!!!!!!!!!!! Don’t ask!!!!!!!!!!
Taking good notes and
doing the assigned reading is essential for success in the class. Read over your notes EVERY NIGHT 40
minutes and do the study guide problem sets. YOU
ARE RESPONSIBLE FOR ALL THE NOTES GIVEN IN CLASS AND THE ASSIGNED
Cell Phones
Absolutely all cell phones should be shut off before class. If one goes on, the professor has the right to make you leave the class. A second cell phone offense and I will drop you a whole letter grade. A third offense an automatic F. Again, SHUT CELL PHONES OFF!
In addition, I expect student’s full attention on the subject matter being taught and if you are doing class work from another class you will automatically lose 25 points on the next exam.
You
will be given a week in advance of when the exams will be.
Chapter I The Nature and Method of Economics
Chapter II The Economizing Problem
Chapter III Supply and Demand Exam I (covers chapters 1 to 3) 10 percent
Chapter IV Pure Capitalism Exam II (covers chapter 1 to 4) 10 percent
Chapter V The Mixed Economy: Private/Public Sectors
Mid-term exam Chapters 1 to 5 35 percent
Chapter VII Exchange Rates/Balance Sheet Exam III (covers chapters 6 and 7) 10 percent
Chapter VIII Unemployment and Inflation
Chapter IX Aggregate Expenditure Model Exam IV (covers chapters 6,7,8 and 9) 10 percent
Chapter X The Multiplier
Chapter XI Fiscal Policy
Chapter XII Money and Banking/ Monetary Policy
FINAL chapters 6 to 12 35 percent
I drop the lowest exam of I,
II, III, IV Remember, no make-ups!
FINAL WILL BE ANNOUNCED!
Economic Score Card
-Keep a record of your
grades
|
Exam
I |
Exam
II |
Mid-term |
Exam
III |
Exam
IV |
Final |
Grade |
|
|
|
|
|
|
|
|
I am here to help you. If
you are having problems understanding the material please come see 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.
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 many differing viewpoints. Students may not only disagree with each
other at times, but the students and instructor may also find that they have
opposing views on sensitive and volatile topics. 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.
Rules for Homework
1. The homework should be done
by you. THERE SHOULD BE NO COLLARATION!!!
If you copy from a colleague that automatically
constitutes violating academic code and
will be dealt with according with the possibility of
being expelled from school.
2. No photocopying is
permitted. Only torn out copies from the study guide will be accepted. This is Boyes/Melvin’s policy, as well as,
the departments.
3. If multiple pages are
assigned they must be stabled!! If not stabled, it will not be accepted!
4. Don’t forget to put your
name on it.
5. They will be handed in
simultaneously with the exam.
6. Late homework will not be accepted at all,
don’t ask.
7. It will constitute 10% of
your mini-exam grade.
8. I expect that after I cover
a topic in class and do an example, you will do the study guide problems
pertaining to that subject matter that night.
No
exceptions to these rules! Don’t ask!!!!!!!!
If
any of these rules are violated, you will not get credit for the
homework.