Course PoliciesPlagiarismAcademic HonestyEmail/Phone CommunicationCourse RequirementsHomeworkMidterm ExamPaperClass ParticipationFinal ExamSan Joaquin Delta CollegePrinciples of Economics 1A (Macro) (3units)Monday through Thursday 11am to 1:15pmPrerequisite: Reading Level IIJune 19, 2006 Through July 27, 2006No Class---Tuesday, July 4th.Last Drop No Penalty Date 6/28/2006Last Drop Date 7/18/2006Stockton Campus (Room: Cunningham Center 119)Instructor: Rick SwansonPhone: (209) 476-9004Email: [email protected] Text: McConnell, Campbell R. and Stanley R. Brue, Economics, McGraw HillBook Co., New York, 2005Course Description: This course parallels introductory courses in economics in universities and four-year colleges, and is appropriate for both the A.A. degree and for transfer units. It is recommended for majors in economics, business, political science or other social sciences. Macroeconomics explores economics at an aggregate level: The focus is on the functioning and influencing of entire economies, rather then individual participants such as households, firms and markets. This course examines economic issues facing our nation as a whole, and emphasizes suchsubjects as national income accounting, business cycles, employment theory, and the relationships between production, employment, and income. Other topics include fiscal and monetary policy, public debt, the money supply, inflation, unemployment, economic growth, and international trade.Learning OutcomesGenerally, this course will prepare you to do the following:1. Understanding the terminology of economics2. Understanding the underlying causes of inflation and recession3. Understanding the business cycle and the application of Keynesian tools to influencethe business cycle4. Understanding the creation of money and interest rate determinationCourse PoliciesAttendanceAttendance at each class meeting is expected. If you know in advance that you will be absent from a class, it is your responsibility to notify the instructor prior to the class. In all circumstances students are responsible for all materials covered in every class session.You are also expected to be on time for all classes. Tardiness or failure to attend a full session may be penalized. It is important for you to be present to participate in discussionof the topics covered in this class. You should plan to complete all reading assignments before each class session. Your participation is a critical ingredient for learning. PlagiarismStudents are to be cognizant of – and in compliance with the Delta College plagiarism policy at all times during Principles of Economics 1A.Academic HonestyAcademic honesty is the failure to maintain academic integrity. It includes both cheating and plagiarism. In response to cases of academic dishonesty, I reserve the right to award zero points for a course requirement or “F” for a course grade.Email/Phone CommunicationPhone and email communication will serve as my office hours in this course, and I encourage you to call or email me with any questions or comments you might have as theclass progresses.Course RequirementsHomeworkThere will be daily homework assignments. Assignments will consist of a variety of exercises, problems, and short essays. Homework is due the next class meeting after it is assigned. No credit will be given for work that is not turned in on time.Midterm ExamThe midterm will be given at the beginning of class. The test will cover the material fromchapters (1 through 8). Exams cannot be taken late unless arrangements have been made in advance. A makeup paper will be assigned in allowable cases.PaperStudents will research and write a 5-7-page paper in the MLA style for this class. The paper will focus on a famous economist other than Adam Smith, John Maynard Keynes, or Milton Friedman. The paper should include a brief background including education and employment of the subject, the significant economic ideas of the subject, and an analysis comparing or contrasting the subject to Keynes. A minimum of five citations andthree sources are required. Late papers are subject to a ten percent penalty for each day that they are late. Class ParticipationStudents are expected to participate in class discussions and students must be well prepared for each class.Final ExamThe final exam will be comprehensive, but it will focus on the material covered after the midterm. Disclaimer: The instructor reserves the right to make any necessary adjustments in the operation of the course that in his professional judgment are warranted to better meet the needs of the student.Student Evaluation--- Grades will be based on 1,000 possible points. The points will be distributed in the following manner:Class Participation 100 pointsHomework Assignments 200 pointsPaper 200 pointsMidterm Exam 250 pointsFinal Exam 250 points 1,000 pointsScale For Final Grade Your grade is based on the percentage of the 1,000 points you achieve. The conversions to letter grades are as follows:A 921+ C 721-779 A- 900-920 C- 700-720B+ 880-899 D+ 680-699 B 821-879 D 621-679B- 800-820 D- 600-620C+ 780-799 F 0-599Class Schedule(The instructor reserves the right to make changes in the class schedule.)Session Focus Reading6/19 Introduction Chapters 1 and 26/20 Demand and Supply Chapter 36/21 Demand and Supply Chapter 36/22 The Market System Chapter 46/26 The U.S. Economy Pub/Private Sectors Chapter 56/27 The U.S. in The Global Economy Chapter 66/28 The U.S. in The Global Economy Chapter 66/29 Measuring Output/ National Income Chapter 77/3 Measuring Output/National Income Chapter 77/5 Economic Growth and Instability Chapter 87/6 Review For Midterm Chapters 1-87/10 Midterm Exam (Chapters 1-8)7/11 Basic Macroeconomic Relationships Chapter 97/12 Aggregate Demand/Supply Chapter 117/13 Aggregate Demand/Supply Chapter 117/17 Fiscal Policy Chapter 127/18 Money and Bank ing Chapter 137/19 Money Creation Chapter 147/20 Monetary Policy Chapter 15Papers are Due!7/24 Disputes over Macro Theory Chapter 197/25 Review For Final Exam7/26 Review For Final Exam7/27 Final