Principles of Macroeconomics

Transcription

1 Discipline/ Program ECONOMICS Title Rubric and Number ECON 2301 Semester FALL 2014 with XXXXX Reference Number (CRN) Principles of Macroeconomics Location/ Times Semester Credit Hours (SCH) HCC e.g. MW 11:30 a.m. 1:00 p.m. 3 Contact Hours specify total numbers Continuing Education Units (CEU) If applicable 48 N/A

2 Length (number of weeks) Type of Instruction: 16 Choose One: Online, Lecture, Hybrid Instructor: contact information Office: location/ hours Prerequisite Goal BEFORE AND AFTER CLASS AND BY APPOINTMENT. Prerequisites: Must be placed into collegelevel reading and be placed into MATH 0308 (or higher) and be placed into ENGL 0310/0349 (or higher) in writing. The goal of the course is to help students understand the macroeconomic fundamentals of the American economy as it relates to social welfare. Emphasis is on basic concepts and theories as they affect domestic and international markets. This course integrates behavioral social sciences to present solutions to real world problems. Macroeconomics includes but is not limited to measurements of GDP, fiscal and monetary policy. Student Learning Outcomes (SLO) 1. Measuring Aggregate Performance, Money and Financial Markets - students should be able to demonstrate understanding of GDP and its components, differentiate between real and nominal values, identify and calculate unemployment rates and inflation. In addition, students should be able to

3 define the concept of money, understand the process of money creation and the operation of financial institutions. Students should be able to solve both explicit and implicit problems covering money creation. 2. Monetary and Fiscal Policies - students should be able to identify and recognize the tools of monetary policy and be able to solve explicit and implicit problems dealing with automatic and discretionary monetary and fiscal policies. 3. International Economics - students should be able to solve both explicit and implicit problems dealing with balance of payments, exchange rate systems and understand how the open macroeconomy works. Learning objectives A. Measuring Aggregate Economic Performance (GDP and its components, real vs. nominal values, unemployment, inflation) B. Aggregate Supply and Aggregate Demand (potential GDP, economic growth and productivity, determinants and components of AS and AD income and expenditure approaches to GDP, the multiplier effect) C. Money and Financial Markets (money, money creation, financial institutions, present value) D. Monetary and Fiscal Policies (tools of monetary policy, automatic and discretionary fiscal policies,) E. Policy Debates (policy lags and limitations, rules vs. discretion, long run vs. short-run, expectations, sources of macroeconomic instability)

4 F. International Economics (balance of payments, exchange rate systems) Core Curriculum Statement If Applicable Calendar Instructional Methods Student Assignments: Student Assessment (s): Instructional Materials: This course fulfills the new core objectives promulgated by the Texas Higher Education Coordinating Board that include communication, critical thinking, empirical and quantitative and social responsibility skills. See learning web for section-specific calendar Lecture-based, in-class activities, experiments, role playing etc. Tests, quizzes, essays, term papers, etc. One of either of the two texts which have been adopted by the Economics Program: Economics by Roger Arnold, 10 th edition, Cengage Learning HCC Student Services Policies Economics by Bradley Schiller, 10 th edition, McGraw-Hill Publishing Access to Student Service Web site: HCC Distance Education Access DE Policies on their Web site:

5 and Continuing Education Policies Instructor Requirements Program/Disc ipline Requirement s If applicable HCC Grading Scale s/pdfs/de_syllabus.pdf Access CE Policies on their Web site: A = (4 points per semester hour) B = (3 points per semester hour) C = (2 points per semester hour) D = (1 point per semester hour) F= 59-0 (0 points per semester hour) *IP (In Progress) 0 points per semester hour W (Withdrawn) 0 points per semester hour *I (Incomplete) 0 points per semester hour AUD (Audit) 0 points per semester hour *IP (In Progress) is given only in certain

6 developmental courses. The student must re-enroll to receive credit. COM (Completed) is given in non-credit and continuing education courses. To compute grade point average (GPA), divide the total grade points by the total number of semester hours attempted. The grades IP, COM and I do not affect GPA. Instructor Grading Criteria. ATTENDANCE EXPECTATIONS Attendance is the MOST IMPORTANT part of this class. Be on time and come all the time. If your attendance is a problem (if you miss three or more classes), I will talk to you and if the problem persists, it will affect your grade (negatively). TARDIES: A student who is tardy must tell me at the end of class so that I will mark you present.