Instructor: Renee Edwards MaCROECONOMICS Econ 2301 Social & Behavioral Sciences Department CRN 39617 39619 39637 West Loop Online 3 hour lecture course / 48 hours per semester/ Regular Term Instructor Contact Information & Communication Policy: Office Hours: M/T/W/Tr 9:30-1 pm and Friday by Appointment Office: Suite F03 Southwest College -West Loop Campus 5601 West Loop South Houston, TX 77081 E-mail: renee.edwards@hccs.edu please only send emails via Canvas. Any and all emails from 3 rd party emails will be redirected to syllabus. To help you get a response as soon as possible please post any general questions to DB; for example where is.? What is the due date? Etc. Anything that is personal or specific to grades should be communicated via a phone call to 713-718-7961 or in person during office hours. Phone is my Preferred Method of Contact; all calls will be returned within 48 hours. I am unavailable from Thursday 5 pm until Monday at noon. Please manage your expectations do not expect instant responses from me during this semester and my response to most emails will be to request that you call me at 713-718-7961. Office location and hours I want you to learn as much as you can from this class so if you have any issues or questions please reach out to me -the earlier the better. You can reach out to me either by requesting a meeting, stopping by my office, posting a comment on class discussion board, or by sending me an email --there is no reason why you should not be able to get in touch with me. I cannot stress to you how much your performance in this class is important to me. This is the reason we are all here. Course Description ECON 2301 is an intro to principles of macroeconomics. An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.
Prerequisites None Delivery of Instruction This is a fully online course Minimum Technology Requirements Smartphone or Scanner to scan graphs and practice problems Web Cam for video conferences and Respondus Monitor and Lockdown Administrative Rights to PC to download Respondus Monitor and Lockdown Student Learning Outcomes At the end of this course the student will be able to: 1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making. 2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. 3. Define and measure national income and rates of unemployment and inflation. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy. 4. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank. 5. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions. 6. Explain the mechanics and institutions of international trade and their impact on the macro economy. 7. Define economic growth and identify sources of economic growth. Student Objectives students will: 1.1 Identify various economic terms and calculate opportunity cost 2.2 Analyze equilibrium within the supply and demand model 3.2 Determine the impact of changes to the determinants of supply and demand on price and quantity 4.3 Identify components of national income, and types of unemployment along with calculating various unemployment statistics and inflation 5.4 Identify properties and characteristics of money; recognize impact of various changes to interest rates based on the money supply; calculate various changes to the money supply using the money multiplier. Identify the roles of the Federal Reserve Bank with regards to monetary policy 6.5 Determine the impact of changes to the determinants of the short run and long run aggregate supply curves. Recognize the aggregate demand curve and its components as well as impact on price level and real gross domestic product. Construct changes made to the AD/AS model based on both monetary and fiscal policy solutions
7.6 Calculate exchange rates and identify factors that influence them Core Curriculum Statement and Other Standards Credit: 3 (3 lecture) The ultimate goal for this class is to change the way you think. Regardless of your major or career path economics plays a vital role in your daily lives. Economics is simply about choices. Ideally, by the end of this class you will think like "an economist" and will be able to apply these skills to whatever career you choose to pursue.. Communication Skills -To include creative thinking, innovation, inquiry, and analysis, evaluation and synthesis of information Critical Thinking Skills - To include effective development, interpretation and expression of ideas through written, oral and visual communication. Empirical and Quantitative Skills - To include the manipulation and analysis of numerical data or observable facts resulting in informed conclusions. Social Responsibility Skills to include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national and global communities
Start Date 18- Sep End Date 1-Oct Objective Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decisionmaking. Define economic growth and identify sources of economic growth. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. Assignments for Each Topic Readings, Videos, Prep Questions, Discussion Board Posts & Homework Topics General Terms Production Possibility Frontier Supply and Demand Instructional Material Chapters 1-2 Chapters 3, 4, 7 8-Oct Exam 1 Due Due Exam 1 Micro Topics 9-Oct 5-Nov Define and measure national income and rates of unemployment and inflation. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy. Readings, Videos, Prep Questions, Discussion Board Posts & Homework Unemployment Gross Domestic Product Inflation Business Cycles Chapter 28 Chapter 23 Chapter 24 Video & Supplemental Articles 5-Nov 5-Nov Exam 2 Due Economic Indicators 3-Dec Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions. Explain the mechanics and institutions of Readings, Videos & Prep Questions Discussion Board Posts Homework Definition of Money Money Creation Federal Reserve Exchange Rates AD/AS Model Monetary Policy Fiscal Policy Video & Supplemental Articles Ch. 29 Chapter 31 Chapter 33 Chapter 34
international trade and their impact on the macro economy. 3-Dec 8-Dec 3-Dec 8-Dec Exam 3 Due Final Project/Exam Macro Model Cumulative Cumulative
Instructional Methods I prefer a student centered approach regarding teaching. He who does the work does the learning. I want you to be an agent for your education. Ask yourself why are you here; if your answer is anything other than to better yourself in some way you will most likely struggle in this course. This is not a course you can memorize a few flash cards and get an easy A. That said, the course is not designed to be tricky or difficult either. If you find yourself struggling in the course please reach out to me immediately. You do not need to wait until you have a bad grade. I cannot stress that to you enough, let s be proactive about your education. Student Assignments Please make note of the amount of work that will be required. If you do not have the capacity to complete all assignments within deadlines please drop course and switch to a less rigorous course. Each chapter will included the following assignments: Prep Work Assignments will be due at the start of each module. Prep work will be a 5-10 graded question set on details from either videos posted, articles, or the book readings. On some questions you will have up to 3 attempts on each question and your scores will be averaged. You do not have to use all three attempts. On the questions embedded in the videos you will NOT have 3 attempts, you will only have one. The objective of this category is make sure you are keeping up with the readings and videos. Writing Assignments This will either be practice problems or short answer questions that will be posted in the DB area. You can work on these in class or discussion board (online courses) and I encourage you to work in groups to complete them. I would like to warn you against using the same document for the entire group as well as plagiarizing answers. The purpose of these assignment is for you to put the key concepts in your own words and work on practice problems. Any work uploaded that is not yours will cause you to receive a 0 for the writing assignments category. Not a zero for the one DB post but a zero the entire weighted amount. Please check course for assignment topics. Graded Homework Assignments You will have up to two attempts on each problem, your scores will be averaged. If you miss an assignment do not worry. I drop your lowest HW score based on a weighted average. In addition, these questions most resemble what your exam will look like. Exam There will be three module exams which will be multiple choice/true False/Short Answer/Fill in depending on the topic and will be administered online during a specific window and you will be required to use Respondus Monitor and Lockdown, if you do not have access to a PC with a web cam you can schedule to take your exam in the testing center at the Distance Education Location. In addition, there are eight Mac computers in West Loop computer lab that have web
cam and software. Please make not that lab is only open during normal HCC business hours. Please plan accordingly. If you miss an exam you will be allowed to take a make-up. You are only allowed to take one makeup per semester. You have one week from the time the exam is due to contact me to request a makeup. The makeup exam will be open for one week, after that week if you have not taken it you will receive a zero for that exam and will not be allowed another makeup opportunity. This opportunity is only offered once, after the first missed exam you will receive a zero for the next missed exam. No exceptions will be made; please do not ask. The Final Assessment will count towards 30% of your course grade. If you have an A average on Exams and are not missing any work you will be exempt from taking the final assessment. If you are not exempt you will complete final during the last week of class. The reason for this is to ensure that you master the objectives of the course. You must pass the final with a 60 or higher to pass the course. If you have a C going into final and fail the final you will get an F for the course. Make sure you understand this before you continue on in this course. Extra Credit None; any request for extra credit will not be acknowledged Assessments Prep Work 10% Discussion Board 10% Homework 20% Exams 1-3 30% Final 30% Instructor Requirements Given that I expect a great deal of the students it is only fitting that I be held to the following: Make the course as interesting and relevant as possible Return all graded assignments quickly with feedback expect all feedback within 10 days of turn in date Give you clear and complete answers to your questions to the best of my ability To abide by the syllabus in regards to material, schedule and grading Timeline for reminders and notices will generally be done 72 hours in advance; please update your Canvas notifications to receive announcements directly to your mobile device. Student responsibilities:
You are expected to be on time and prepared for attend all classes. For online courses that means logging in on a weekly basis. Absence is not an excuse for failing to turn in an assignment. Face to Face Only -Laptops are not permitted in the course, even for notetaking. From time to time I may allow laptops but the general rule will be to not have them visible on your desk. Cell phones will be used from time to time in the course. If you must text or make a phone call I completely understand, feel free to leave the room. You must pass final with a 60% or higher to pass the course; no exceptions Program/Discipline Requirements None HCC Grading Scale A = 100 90; 4 points per semester hour B = 89 80:.3 points per semester hour C = 79 70:.2 points per semester hour D = 69 60:.1 point per semester hour 59 and below = F..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 developmental courses. The student must reenroll 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 Grading Criteria As a general rule grades will not be curved. I am using the Canvas Gradebook which truncates grades, in addition the grading system reflect such. A B is anything greater than an 80.0; therefore if you have a 79.9 you will receive a C in the course because a 79.9 is less than an 80.0. This is not to punish anyone but randomly curving up for certain students questions my integrity and creates grade inflation. In addition, it creates a new set of students who are close to the next letter grade. If you are concerned about receiving a 79.9 in the course I would suggest you plan appropriately so that study for each exam so that you earn outright the grade you want and not have to worry about my rounding skills or lack thereof.
Instructional Materials Only the textbook is required; you do not need to purchase the additional publisher s access card to Mindtap/Cengage/Aplia. If you have a 7 th edition copy of the book you can use that instead of the 8 th edition. However, make note Spring 2018 7 th edition will no longer be used. Title: Principles of Economics Author: Mankiw Edition: 8 ISBN: 9781337096713 Publisher: Cengage Learning If you previously purchased the 7th edition ebook for 2 terms you will need to send the following to studentregistrations@cengage.com to have them update your book to the 8th edition Subject: Mankiw 8th Edition Swap First Name: Last Name: Email Address: ISBN Needed: 9781337096713 School: Houston Community College EGLS3 http://www.hccs.edu/district/students/student-sign-ins/ HCC Policy Statements Access Student Services Policies on their Web site: http://central.hccs.edu/students/student-handbook/ Access DE Policies on their Web site: All students are responsible for reading and understanding the DE Student Handbook, which contains policies, information about conduct, and other important information. For the DE Student Handbook click on the link below or go to the DE page on the HCC website. The Distance Education Student Handbook contains policies and procedures unique to the DE student. Students should have reviewed the handbook as part of the mandatory orientation. It is the student's responsibility to be familiar with the handbook's contents. The handbook contains valuable information, answers, and resources, such as DE contacts, policies and procedures (how to drop, attendance requirements, etc.), student services (ADA, financial aid, degree planning, etc.), course information, testing procedures, technical support, and academic calendars. Refer to the DE Student Handbook by visiting this link: http://de.hccs.edu/media/houston-community-college/distanceeducation/studentservices/de- Student-Handbook.pdf
HCC Policy Statement: Sexual Misconduct Houston Community College is committed to cultivating an environment free from inappropriate conduct of a sexual or gender-based nature including sex discrimination, sexual assault, sexual harassment, and sexual violence. Sex discrimination includes all forms of sexual and gender-based misconduct and violates an individual s fundamental rights and personal dignity. The Director of EEO/Compliance is designated as the Title IX Coordinator and Section 504 Coordinator. All inquiries concerning HCC policies, compliance with applicable laws, statutes, and regulations (such as Title VI, Title IX, and Section 504), and complaints may be directed to: David Cross Director EEO/Compliance Office of Institutional Equity & Diversity 3100 Main Houston, TX 77266-7517 or Institutional.Equity@hccs.edu Distance Education and/or Continuing Education Policies Access HCC Online Policies on their Web site: All students are responsible for reading and understanding the HCC Online Student Handbook, which contains policies, information about conduct, and other important information. For the HCC Online Student Handbook click on the link below or go to the HCC Online page on the HCC website. The HCC Online Student Handbook contains policies and procedures unique to the online student. Students should have reviewed the handbook as part of the mandatory orientation. It is the student's responsibility to be familiar with the handbook's contents. The handbook contains valuable information, answers, and resources, such as HCC Online contacts, policies and procedures (how to drop, attendance requirements, etc.), student services (ADA, financial aid, degree planning, etc.), course information, testing procedures, technical support, and academic calendars. Refer to the HCC Online Student Handbook by visiting this link: http://www.hccs.edu/media/houston-community-college/distanceeducation/studentservices/pdf/hcc-online_student_handbook.pdf Access CE Policies on their Web site: http://www.hccs.edu/continuing-education/ Lastly, I realize that you may have been impacted by the flooding; therefore, please review the dates and assignments in Canvas and notify me immediately if you believe you will have any issue no later than 9/15 via email outlying what assignments or deadlines you will not be able to meet. If I do not receive anything from you by deadline above - no extensions will be granted throughout the semester.
Any student who faces challenges securing their food or housing and believes this may affect their performance in the course is urged to contact the Dean of Students for support. Furthermore, please notify the professor if you are comfortable in doing so. www.hccs.edu/harveystudentresources