Syllabus BADM 613 Macroeconomics College of Business and Economics, WVU Summer 2016

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1 Syllabus BADM 613 Macroeconomics College of Business and Economics, WVU Summer 2016 Instructor: Christiadi (listed in e campus as Unk Christiadi) Office Hours: Office Location: By appointment Room 262, B&E Building, Morgantown, W.Va. Office Phone: (304) E Mail: Please try e mailing me through the e campus account. If you have problems with the e campus , you can e mail me at Christiadi@mail.wvu.edu. Course Description: This course provides students with an understanding of how macroeconomic performance is measured, how monetary and fiscal policies influence macroeconomic performance, and how these relate to everyday business decisions. There is no pre requisite for this course. However, each student should have already been assigned into a group/team at the beginning of the semester. If you haven t, please contact me as soon as possible. Expected Learning Outcomes: This course builds on the knowledge of the behavior of three representative economic agents including consumers, firms, and the government, and based on that knowledge examines how the three interact one another. By the end of this course you will be able to: in general, predict how the three economic agents: consumers, firms, and the government, would respond to changes in the market. define economic terms such as gross domestic product, inflation, and unemployment, and recession, among others. use macroeconomic data to identify the expected changes in the macroeconomy that may affect your business performance. discuss the causes of economic growth, recessions, and economic booms. describe how the Federal Reserve and the federal government attempt to stimulate the economy through monetary and fiscal policy, respectively. analyze the implications of such economic events as the Federal Reserve announcing 1

2 a change in the target federal funds rate or the federal government passing an economic stimulus plan. analyze changes in macroeconomic performance and relate them to everyday business decisions. Required Materials: The required textbook is: Macroeconomics: Private and Public Choice, 15th Edition by James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David A. Macpherson Publisher: South Western Cengage Learning ISBN 10: ISBN 13: Note that the course learning modules do not come entirely from the textbook. Similarly, course assignments do not always come directly from the textbook. You are allowed to use the previous edition of the textbook (14th). However, if you want to use the book for future reference, I'd suggest you get the 15th edition. Additional readings may be assigned throughout the semester. Grading: Grading weights are as follows: Final Exam 30% Group Research Project 30% Quizzes 15% Homework/Assignments 25% Journal Entries (not graded) 0% Total 100% The grading scale (non negotiable) is: > A 80 to B 70 to C 60 to D < F Grading Details Final Exam: There will be a comprehensive final exam near the end of the semester. The exam will consist of a set of multiple choices, short answer essays, and problem solving questions. 2

3 Final exam is tentatively scheduled for Saturday July 09, Please contact me early in the semester if you have a problem with this date. Group Research Project: Using the groups formed earlier in the semester, each team will: select a business provide a description of the business operations using the Porter Five Forces Framework analyze and explain the current and expected macroeconomic performance based on the forecast provided by the instructor or of your own choosing using the concepts developed in class, explain how the macroeconomic outlook may impact the business More detailed descriptions on how to conduct the project, as well as sample of previous project, is available in e campus under: Assignments > Macroeconomics Group Project. Quizzes: There will be 8 quizzes, of which quizzes 1 to 7 are graded while quiz 8 is not. The lowest score of the 7 graded quizzes will be dropped. Attention, please! Each quiz will be closed as soon as the deadline passes, and once it is closed you can no longer access it. Make sure to complete the quiz by the deadline. Quizzes are due Sundays at midnight. Each quiz will be graded automatically right after it is submitted. I recommend that you look back at your graded quiz, make a copy of it (for your future reference), compare your answers with the answer keys, and if you have questions, feel free to contact me. For quizzes, no make up or late submission is accepted. Homework Assignments: You have a total of four homework assignments. You will have nearly two weeks to work on each. Homework questions are mostly problem solving questions and your score depends mainly on how well you explain your answers. Journal Entries: As you read through the course modules, you will encounter several journal entries. I d recommend that you answer the questions posted in those journals. Journal entries are not graded, but they can help you test yourself and gauge how well you understand the materials you have just read. 3

4 Late Submission No late submission is accepted for quizzes. Either you complete the quizzes on time or you lose access to those quizzes once they are closed and receive a score of 0. A 10 percent point deduction per day will be imposed to homework or reports submitted after the set deadline. To avoid a late submission penalty you need a prior approval from the instructor at least one week before the deadline. The instructor reserve the right to approve or disapprove the request. Each student can only make at most two late submission requests in the semester. Modules: Each module is designed to be covered in one week. The modules in this course are: Module 1 Overview of the Business Environment Module 2 Microeconomic Framework Module 3 Measuring the Macroeconomy: GDP Module 4 Measuring the Macroeconomy: Employment, Prices, Income, and the Business Cycle. Module 5 Aggregate Demand and Aggregate Supply Module 6 Fiscal Policy Module 7 Money, Banking, and Monetary Policy Module 8 International Trade Instructor s Response: As I require all students to submit assessments and assignments on time, students can expect me to provide timely responses: I will try to respond to your s as soon as possible. Expect to get my response no more than 24 hours during the week days or no more than 48 hours during the weekend after I receive your . I will grade, provide feedback, and return homework # 1 to 3 no more than 3 days after the homework s deadline date. I will grade, provide feedback, and return homework # 4 no more than 7 days after its deadline date. Netiquette: As with any other human endeavor, following some basic rules of etiquette will make interactions on Discussions, etc., go more smoothly and productively. Please keep these guidelines in mind any time you are communicating with faculty or your peers: 4

5 Typing in all capital letters on the Internet either means you are typing an abbreviation, or you are screaming. Maintain professional, scholarly behavior at all times. Remember that discussions are archived. Unprofessional behavior could come back to haunt you. If you disagree with others' opinions, analyze and support your opinion tactfully, do not attack them personally. Use "Reply" buttons and links. If you are making statements directed at what an individual has posted, use the "Reply" function so your reply will be posted in context, directly underneath theirs. If you just click "Post," no one will be able to tell where your comments were directed. Take off topic conversations to the "Self Introductions" Discussion Forum. Remember that your body language is not visible to others when you post to the Discussion forums. Be as clear as you can, and if you are joking about something, indicate this by putting (just joking) at the end of a sentence. Sarcasm in particular is hard to convey through text. Academic Dishonesty: I require all students to abide by the WVU s Student Conduct Code. Academic integrity is of upmost importance and academic dishonesty will not be tolerated. Please refer to WVU s Student Conduct Code for detailed information about what qualifies as academic dishonesty and what sanctions may be taken. Any violations of this policy will be vigorously pursued. Social Justice: West Virginia University is committed to social justice. I concur with that commitment and expect to maintain a positive learning environment based upon open communication, mutual respect, and non discrimination. Our University does not discriminate on the basis of race, sex, age, disability, veteran status, religion, sexual orientation, color, or national origin. Any suggestions as to how to further such a positive and open environment in this class will be appreciated and given serious consideration. If you are a person with a disability and anticipate needing any type of accommodation in order to participate in this class, please advise me and make appropriate arrangements with Office of Disability Services ( ). 5