Office Hrs- Arranged as needed by student

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 Texts/Materials- MacroEconomics, Roger A. Arnold, 7^th Edition. Also access to the Internet for class assignments and work online. If student does not have access to Internet, please advise Instructor first day of class.

Instructional Methodology- Lecture, current event discussion as items relate to Macroeconomics. In Class or On-Line assignment participation.

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.

Minimum Common Course Objectives/Student Outcomes as established by the economics department.

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.

Course Evaluation/Grading System- Grade will consist of homework, exam and class participation/Internet Participation scores. 3 Exams worth 100 points each, 3 homework assignments/Internet Activities worth a total lot of 100 points and class participation/Internet participation worth 50 points. An average of 90+ = A, 80-89=B, 70-79=C, 60-69=D, ,60=F. Homework is due the next class following the class it was assigned in. Specific Homework assignments to be provided during class.

Course Policies- Course attendance and Internet participation are necessary to be successful in this class. Where students are not able to attend every class, with advance notice instructor will post course notes and lecture material through Blackboard or other online methods. E-mail and voice mail may be used to communicate materials in advance.

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 Outline/Calendar-

Date Week Days Mon/Wed Activity

Aug 27/29 Mon/Wed Introduction to Economics

Sep 3/5 Holiday/Wed Chp 1- What Economics is About

Sep 10/12 Mon/Wed Chp 2- Economic Activities-Producing and

Sep 17/19 Mon/Wed Chp 3- Supply and Demand

Homework #1

Sep 24/26 Mon/Wed Chp 4- Supply and Demand Practice

Oct 1/3 Mon/Wed Chp 5- Macroeconomic Measurements

Oct 8/11 Mon/Wed Chp 6 - Macroeconomic Measurements

Exam #1

Oct 15/17 Mon/Wed Chp 7- Aggregate Demand and Aggregate Supply

Oct 22/24 Mon/Wed Chp 8- Self Regulating Economy

Homework #2

Oct 29/31 Mon/Wed Chp 9- Economic Stability

Nov 5/7 Mon/Wed Chp10- Fiscal Policy

Nov 12/14 Mon/Wed Chp 12- Money and Banking

Exam #2

Nov 19/21 Mon/Wed Chp 13- Federal Reserve System

Nov 26/28 Mon/Wed Chp 14- Money and the Economy

Dec 3/5 Mon/Wed Chp 15 Monetary Policy

Chp 17 Economic Growth

Homework #3

Dec 10/12 Mon/Wed Chp 18- International Trade

Exam #3