Business Administration/Economics Department COURSE INFORMATION SHEET COURSE TITLE: PRINCIPLES OF MACROECONOMICS ECO112 SEMESTER: INSTRUCTOR: E-MAIL: OFFICE: MCC PHONE #: (585) 292-2000 OFFICE HOURS: REQUIRED TEXT: MACROECONOMICS FOR TODAY, By Irvin B. Tucker, 9 th Edition. MCC Custom Text ISBN- 10: 1-337-03365-0 ISBN-13: 978-1-337-03365-7. Publisher: Cengage Learning. COURSE DESCRIPTION: ECO 112 is the study of macroeconomics which is that part of economic analysis that studies the behavior of the economy as a whole. The course will focus on such topics as unemployment, inflation, national income accounting, aggregate demand and supply, equilibrium GDP, fiscal policy, monetary policy, national debt, and international trade. 3 CLASS HOURS COURSE OBJECTIVES: 1. Students will understand that a complex economy requires more than simplistic solutions. (There are no simple solutions to economic problems) 2. Students will recognize the reality of an independent global economy. 3. Students will be able to graph, understand, and manipulate aggregate supply/aggregate demand models. 4. Students will be able to analyze and evaluate national income accounting procedures. 5. Students will be able to explain and forecast the occurrence of business cycles. 6. Students will understand and be able to explain the relationship between inflation and unemployment and their impact on economic activity. 7. Students will demonstrate an understanding of fiscal, monetary, and foreign trade policies. COURSE PREREQUISITES: ECO 111 with a minimum grade of C. A word of caution is in order, however. You will need to be able to graph material, interpret graphed data and use both intuitive and quantitative logic. ATTENDANCE:
2 Role will be taken at every class session so that I can attempt to learn your names and monitor one indication of your seriousness as a student. Students who do not attend class are not fulfilling a basic student obligation; I will not spend office hours re-lecturing. (NOT ATTENDING CLASS IS A POOR ECONOMIC DECISION). Attendance is mandatory. Any more than 3 absences could result in a withdrawal from this course. These 3 absences are for ANY and ALL reasons. Do not expect to take 3 illegitimate absences (hangover, overslept, etc.) and then come and ask for consideration because you are forced to miss a 5th class due to a legitimate reason (e.g. sickness, death in the family, emergency, etc.) Obviously you should be careful about missing classes because even if you have a legitimate reason late in the semester but you already missed 4 classes, you will be dropped from the course. Research shows that learning occurs when students are actively involved in class discussions and sharing of homework answers with classmates; regular attendance in required. In the event that you miss a class, you are expected to send an email notifying the instructor of your absence and an appropriate explanation. Notification must be done within 24 hours of the missed class and whenever possible, in advance. Again, it does not excuse you of the class work, or change the Attendance policy; it is a courtesy and a good business communication practice. WITHDRAWAL: You are responsible for understanding the College withdrawal policy as well as the important dates. If you wish to withdraw from this course, it is your responsibility to obtain a Student-Initiated Withdrawal form from the Records and Registration office, complete the form, have me sign it, and then you are to return the completed form to the Records and Registration office for processing. COURSE REQUIREMENTS: Come to class prepared. Such preparation requires you to have read the material sufficiently often that you understand it, have questions prepared on portions not understood and be conversant in economic related current events. READING ASSIGNMENTS: Chapters (6, 7), (5, 10), (8, 9&11), (14&15) *YOU ARE RESPONSIBLE FOR ALL ASSIGNED READINGS WHETHER THEY ARE COVERED IN CLASS OR NOT UNLESS OTHERWISE SPECIFIED. EXAMS: There are (4) Four 25 point in-class multiple choice and written exams will be given. If you miss an exam, you must have an excused absence which entails documented proof of absence and/or previously made arrangements with the professor. A make-up exam will be given at the discretion of the professor. QUIZZES There will be from time to time, quizzes given to assist in the review of the material. They will be brief with one or two questions and some definitions, or multiple choice questions. There will be five (5) quizzes given. Each quiz will be worth 10 points. Only the four (4) highest scored quizzes will count toward you final grade for a total of thirty (30) points. The one (1) lowest quiz scores will not be counted. No make-up quizzes will be given. In the event that you not take a quiz (for any reason), that quiz will be given a zero score and would not be used as one of the counted 3 quizzes. CONNECTION PAPER:
All students will be required to complete a connection paper. The connection paper will be worth ten (10) points. This paper will link economics with another class you are currently taking or be based on articles from current periodicals or internet links in the textbook or others as assigned. If you choose not to turn in for a grade a connection paper, for any and all reasons, you will be assigned a grade of zero. Further directions will be forthcoming. Your papers must be Word Processed, 12 pt. font, double spaced in either APA or MLA standard college format. College standard. TENTATIVE EXAM SCHEDULE: Exam #1 will cover Chapters 6, & 7 Exam #2 will cover Chapters 5 & 10 Exam #3 will cover Chapters 8, 9, & 11 Exam #4 will cover Chapters 14 & 15 LATE POLICY: Any assignment handed in late will be assessed up to a 10 Point per Day Penalty! 3 After an exam is returned, you will have ONE WEEK to discuss the grading. After that week, no matter how flagrant my error, I will not change the grade. At the end of the semester, there will be no looking over old exams to try to find a point or two. GRADING: This is strictly on a percentage basis. There are no curves applied to the exam scores and no opportunities to do extra credit work. Your final letter grade is calculated as follows: 4 Exams (25 points each) 100 points 4 Quizzes (10 pts. each) 40 points 1 Connection Paper 10 points Total Points: 150 GRADE POINTS GRADE POINT A = 93 and above 139 150 4.0 A- = 90-92 135 138 3.7 B+ = 87-89 130 134 3.3 B = 83-86 124 129 3.0 B- = 80-82 120 123 2.7 C+ = 77-79 115 119 2.3 C = 73-76 109 114 2.0 C- = 70-72 105 108 1.7 D+ = 67-69 100 104 1.3 D = 63-66 94 99 1.0 D- = 60-62 90 93 0.7 F = 60 and below 89 and below 0.0 IMPORTANT NOTES: 1. You are encouraged to ask questions and engage in class discussions. 2. Additionally, I may** add up to 10 percentage points of your total accumulated points, for excellent attendance and participation, which will be at the discretion of the professor. Attendance is not directly counted in your final grade but obviously you cannot contribute if you
miss too many classes. (For example, if you have excellent attendance and participation throughout the semester, and have an 80% average, you may earn up to 8 additional points). However, in no way is this to be construed or interpreted as an absolute guarantee. 4 3. All work handed in must have your name on it! No name equals a zero! Use the blue side of the computer answer sheet for exams and quizzes. *ACADEMIC DISHONESTY: In the academic process, it is generally assumed that intellectual honesty and integrity are basic responsibilities of any student. However, faculty members should accept their correlative responsibility to regular academic work and to conduct examination procedures in such a manner as not to invite violations of academic honesty. Such violations consist mainly of cheating and plagiarism. Cheating is defined as the unauthorized use or exchange of information by students or others for the purpose of achieving unfair advantage in the classroom or examining process. Plagiarism is defined as offering the work of someone else as one s own. The language or ideas thus taken from another may range from isolated formulas, sentences or paragraphs, speeches, or the writings of other students. Any student who fails to give credit for ideas or materials that are taken from another, verbatim or in paraphrase, is guilty of plagiarism. Any form of plagiarism is an act of cheating. Cheating or plagiarism may be an individual transgression of one student unabated by anyone else, or it may involve the complicity of others. All students who are involved in a group action which makes cheating or plagiarism possible shall be considered equally guilty of the transgression and shall be subject to the same penalties as though they themselves had cheated or plagiarized. A faculty member who has evidence that a student is guilty of cheating or plagiarism shall initiate the appropriate disciplinary action. However, no penalty shall be imposed until after the student has been informed of the charge of academic dishonesty, of the evidence upon which it is based, and has been given an opportunity to present whatever statement or evidence he/she desires in his/her defense. Thereafter, if the student is found guilty, the faculty member shall assess a penalty within the course, consistent with the magnitude of the transgression. Such penalty may consist of a warning, a reduction in a passing grade for the course, or a grade of F for the course. *SEE THE CURRENT MCC CATALOG/STUDENT HANDBOOK FOR FURTHER INFORMATION EMERGENCY CLOSINGS: If the College is closed due to inclement weather or some other emergency, all Rochester area radio and television stations will be notified no later than 5:30 a.m. In addition, the homepage on the MCC website (www.monroecc.edu) will display a message indicating the College is closed. Please do not call the College to avoid overloading the telephone lines. Class Cancellation information is available daily on the web or through the telephone. Simply go to the MCC website (www.monroecc.edu) and under the Quick Links window on the homepage, click on Class Cancellations. Additionally, class cancellation information is available by dialing 292-2066, press 1 for the Brighton Campus and 2 for the Damon Campus. If possible, please use the web as there could be delays in the voice recordings based on the number of cancellations. LEARNING CENTERS
Monroe Community College has a number of Learning Centers at Brighton (for example, Accounting, Math, Nursing, Psychology, Writing, the Electronic Learning Center, etc.) and at Damon (the Integrated Learning Center). Learning Centers are staffed with instructional personnel and may be equipped with computers to assist students. It is recommended that students use these Learning Centers to get additional assistance with concepts learned in the classroom. A brochure with details on Learning Centers is available: Brighton the Brighton Learning Center, Bldg. 11, Room 106 Damon the Damon Integrated Learning Center in 4-130 and the Student Services Office on the fifth floor. 5 Notice of Non-Discrimination Monroe Community College prohibits discrimination based on race, color, religion, sex, sexual orientation, pregnancy, familial status, gender identity or expression, age, genetic information, national or ethnic origin, physical or mental disability, marital status, veteran status, domestic violence victim status, socioeconomic status, criminal conviction, or any other characteristic or status protected by state or federal laws or College policy in admissions, employment, and treatment of students and employees, or in any aspect of the business of the College. Inquiries regarding the application of Title IX and other laws, regulations and policies prohibiting discrimination may be directed to Kristin Lowe, Esq., Title IX Coordinator, (585) 292-2108 or klowe5@monroecc.edu OR Melissa Fingar, Esq., Assistant Title IX Coordinator, (585) 292-2117 or mfingar@monroecc.edu.
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