AP Macroeconomics FORSYTH COUNTY COURSE SYLLABUS 2011 2012 TEACHER NAME: Fran Mahan E MAIL: fmahan@forsyth.k12.ga.us ROOM: 1602 PHONE: 770 781 2264 EXT: 101602 Standards: The AP Macroeconomics course has to meet the requirements and standards of two masters: one the Georgia Performance Standards for the state and the second is the AP Standards for the College Board. GPS Standards: Course standards can be found at www.georgiastandards.org. A copy of the course standards will also be made available to students via ANGEL, and will be available to students in the classroom. An individual copy of the standards can be made available upon request. AP College Board Standards: AP Course Standards/Topics are available on the individual course home page of the AP Central Website (http://apcentral.collegeboard.com/apc/public/courses/index.html) A copy of the course standards/topics will also be made available to students via ANGEL, and will be available to students in the classroom. An individual copy of the standards can be made available upon request. AP Teachers may supplement this syllabus with a more detailed course syllabus, distributed either by hardcopy or online. Textbooks and Resources: McConnell, Campbell R., and Brue, Stanley L. Economics: Principles, Problems, and Policies 16 th ed. Boston: McGraw Hill Irwin, 2005. Morton, John S., and Rae Jean B. Goodman. Advanced Placement Economics: Macroeconomics: Student Activities. 3 rd ed. New York: National Council on Economic Education, 2003 Supplemental Texts: Anderson, David, Ray, Margaret. Krugman s Economics for AP: Adapted from Economics, Second Edition by Paul Krugman and Robin Wells. Worth Publishing: New York, 20011. Krugman, Paul, Wells, Robin. Macroeconomics. 2 nd ed. Worth Publishers: New York, 2009. Mankiw, Gregory.: Principles of Economcis. 6 th ed. Thompson South Western 2007. Documents and primary sources will be available in class, on teacher websites, or on reserve in the library. Additionally, the ANGEL learning system will be used to enhance the student s comprehension of the material through both formative and summative assignments. Other Materials: The following materials are to be used frequently at school and at home: articles from newspapers, magazines, and online such as: N.Y. Times, Atlanta Journal Constitution, Wall Street Journal, Newsweek, Time, CNN, Fox News, MSNBC etc. REQUIRED ASSIGNMENTS: This is a college level course and will be treated as such in every respect. Students should be aware that college courses require inordinately more reading and writing than their high school counterparts. It is impossible to cover all the material for the AP test in the 150 some odd days we have this year. Consequently, it is imperative that you read all the assigned material. Class discussions and lectures are designed to compliment the text readings, not reinforce them. Please understand that I will test you on reading material not covered in class and you will not be successful in this class without reading the assignments. It is my intent to create an atmosphere of relaxed alertness, intellectual freedom and analytic discussions within this class. This cannot be accomplished if you come to class unprepared. Notebook: Every student is also required to keep a notebook. The notebook will contain this syllabus, in addition to class notes, papers and handouts, essay rubrics, and all documents used in class.
Availability for Extra Help: I will be available for extra help sessions during Instructional Focus on Wednesdays, on Thursdays between 7:45 am 8:15 am, or by appointment. Late Work Policy: In keeping with the premise of standards based education, all formative assessments are assigned and evaluated by the teacher in order to inform planning and instruction; therefore it is imperative that all students turn assignments in on time. Students are allowed to turn in late assignments until the date of the summative assessment for the corresponding unit for a maximum possible score of 70%. Any student who finds it necessary to turn in a formative assignment after that date must make individual arrangements with the teacher. Circumstances will be considered on a case by case basis. The late work policy for summative assessments (i.e. project, research paper, etc.) will be outlined on the assignment guidelines given by the teacher when the project is assigned. Makeup Work: All missed work and assessments are the responsibility of the student when they are absent from school. A student who is absent on the class day before a regularly scheduled assessment will be responsible for completing the assignment on the regularly scheduled day and time. Students who have been absent more than two consecutive days (including the assessment day) will be given five (5) school days to make up the assessment and/or other assignments. This does not include major projects, research papers, etc., where the deadline has been posted in advance. The teacher has the discretion to grant a longer period of time to make up work if there are extenuating circumstances. ReTeach & ReAssess Policy: Honors & on level classes: For a summative 69% and under, for maximum grade of 70%, one opportunity max per summative AP Classes: No reassess possibilities, due to square root curve applied to all summative exams in AP classes IB Classes: No reassess possibilities; due to IB required mark schemes, all summative exams in IB classes will be addressed by individual teachers based upon the specific subject rubrics Grading Calculations: Non EOCT Course Average = 50% (1 st Sem. Course Work) + 50% (2 nd Sem. Course Work) 1 st and 2 nd Semester Course Work = 75% Summative = 25% Formative 20% of your overall grade for the course will come from the EOCT Grading Policy: A = 90 100 B = 80 89 C = 70 79 Failing = Below 70 *Formative Assessments include, but are not limited to homework, class work, practice tests, rough drafts, and sections of projects/ research papers/presentations. Concept of formative assessment: http://pareonline.net/getvn.asp?v=8&n=9 *Summative Assessments include, but are not limited to unit tests, final projects, final essays, final research papers, and final presentations. Quizzes: Daily reading quizzes or vocabulary quizzes could be given at any time and without notice. Please make sure you are prepared for class daily. Test Curve policy: You will receive 10 point Curve on your Unit Tests for the course, but in order to get the curve you will need to complete test corrections. Work Habits: There will be a work habits portion of the student s report card. 1=Does not meet 2=Meets 3=Exceeds Responsibility (RE) The student adapts to classroom practices. 1. Requires frequent redirection; strays off task; disrupts learning environment; fails to follow class procedures. 2. Is a self starter; remains on task; asks questions for clarifications when needed; applies strategies for meeting learning goals; follows class procedures.
3. Displays independent initiative; maximizes opportunities; solves problems. Participation (PA) The student pursues learning through active involvement. 1. Disengages from the learning environment; responds only to teacher prompts. 2. Engages in activities and discussions. 3. Leads others to participate; explores new class ideas and approaches. Assignment Completion (AC) The student completes work by the designated time/date and according to directions. 1. Fails to complete assignments or submit work; struggles to follow directions. 2. Produces completed work on a consistent basis by the designated time/date; follows directions. 3. Demonstrates new applications and examples of standard; exceeds assignment expectations; extends personal learning. Interpersonal Skills (IS) The student interacts with others to create a positive learning environment. 1. Lacks flexibility when working with peers; isolates self. 2. Works well with peers; listens and speaks respectfully; questions ideas rather than the person. 3. Adjusts to a variety of classroom roles; mediates; influences others to learn. Technology: The use of technology to provide educational material is not a necessity but a privilege. A student does not have the RIGHT, but yet has the PRIVILEGE, to use his or her laptop, cell phone or other electronic device while at school. When abused, privileges will be taken away. When respected, they will benefit the learning environment as a whole. I will let students know when it is an appropriate time to use said technology. Extra Credit: Extra credit will be offered at the discretion of the teacher. Students should not wait until the end of the year to ask for extra credit opportunities. Cheating Parents and Students please note: Academic integrity is a cornerstone of the educational process at SFHS. Any student suspected and proven to have engaged in cheating, as defined below, will receive a zero on the assignment and an automatic disciplinary referral. plagiarism on submitted work* communication during quizzes and tests, including, but not limited to, talking, wandering eyes, the use of hand signals /gestures, the use of electronic devices or pre written material If you are not sure what constitutes plagiarism, see me before submitting your work. Exam Exemption Students may be exempt from the final exam at the end of a yearlong course with the exception of required tests such as End of Course Tests, Advanced Placement, etc if they have: A grade of 90% or above All students must complete the Exam Exemption form in order to be eligible. Course Layout: Unit I Basic Economic Concepts Chapter 1: Introduction to Economics pp. 3 14 Chapter 2: Scarcity, Resources, Opportunity Costs, Comparative Advantage, Production Possibilities, Introduction to International Trade and the Circular Flow Diagram 22 38 Chapter 3: Supply and Demand, and Price Ceilings and Price Floors 39 58 Unit II Measurement of Economic Performance Chapter 4: The Market System pp. 60 72 Chapter 5: The U.S. Economy: Private and Public Sectors and the Circular Flow Model revisited 73 90 Chapter 7: GDP, Calculating GDP, and Real vs. Nominal GDP 112 130
Chapter 8: The Business Cycle, GDP Gap, Price Indices, and Unemployment and Inflation 131 151 Unit III National Income and Price Determination: Fiscal Policy Chapter 9: Basic Macroeconomic relationships, the Consumption Function, Savings, APC, APS, MPC, MPS, the Investment Demand Curve, and the Keynesian Multiplier pp. 152 170 Chapter 10: The Aggregate Expenditures Model 172 192 Chapter 11: Aggregate Demand and Supply, Demand pull inflation, Cost push inflation, and Long run Macroeconomic equilibrium 193 210 Chapter 12: Fiscal Policy, the Loanable Funds Market, and the Crowding out effect 214 230 Unit IV National Income and Price Determination: Monetary Policy Chapter 13: Money, Banking, the Money Market, and the Federal Reserve system pp. 232 251 Chapter 14: How Banks Create Money, and the Money Multiplier 252 267 Chapter 15: Monetary Policy 268 290 Chapter 16: Long run Macroeconomic Equilibrium, the Phillips Curve, and the Laffer Curve 292 307 Unit V Economic Growth, Deficits and Surpluses, Economic Models and Intl. Finance, Exchange Rates and Balance of Payments Chapter 17: Economic Growth pp. 308 324 Chapter 18: Deficits and Surpluses 325 337 Chapter 19: The Classical view, the Keynesian view, the Monetarists view, the Rational Expectations Theory, and Supply side Economics 338 354 Chapter 6: Introduction to the United States and the Global Economy 91 109 Chapter 37: International Trade, Comparative Advantage, Terms of Trade and Trade Barriers 690 710 Chapter 38: The Foreign Exchange Market, Exchange Rates, the Balance of Payments, the Purchasing Power Parity and Trade Deficits 711 731 and Essential Graphs Project
Unit VI Personal Finance, EOCT Prep, and AP Test Review Formative Assessments (In class assignments, assorted homework assignments, Practice FRQ quizzes, review assignments, AP practice tests) Summative Assessment Career/Budget Project and Jeopardy Review Game Project