Along with other course objectives, this course will help the student develop problem-solving skills; skills associated with independent thinking; and will address social, political, and global issues using tools of economic analysis.Economics 2101-002Principles of MacroeconomicsSpring 2012Instructor: John E. ConnaughtonOffice: 344B Friday BuildingPhone: Office, (704) 687-7687Email: jec@email .uncc.eduFaculty Web Page: http://belkcollegeofbusiness.uncc.edu/jec/Office Hours: Monday and Wednesday 3:30 - 4:30, other hours by appointment only.Required Texts: Rittenberg, Libby and Timothy Tregarthen, Principles of Macroeconomics, Flat WorldKnowledge, 2010. Course Description: Principles of Economics-Macro. Scope and methodology of economics as a social science, the measurement of national income, the theory of national income determination, money and banking, monetary and fiscal policy, and international economics. Course Objectives: To gain a fundamental understanding of the workings of the macro-economy; and to develop a basic understanding of the role that government has in influencing economic activity.Along with other course objectives, this course will help the student develop problem-solving skills; skillsassociated with independent thinking; and will address social, political, and global issues using tools of economicanalysis.Additionally, ECON 2101 is one of the courses that satisfies the social science requirement of the new generaleducation program. The course is intended to introduce students to the methods of the social sciences and to theapplication of these methods for gaining a scientific understanding of the social world.Grading Basis and Examination:Grades will be based upon five tests and an optional final exam. The tests are weighted equally. Students can optto drop their lowest regular exam, take the final, and apply the grade of the final to the dropped exam. Letter grades are assigned as follows:A 90-100B 80-89C 70-79D 60- 69F Below 60Grades are rounded to the nearest whole percentage. Special consideration may be given to students who performespecially well on the final.Students who arrive late for tests and/or the final examination will be permitted to sit the test or examprovided that no student has turned in their paper prior to the student’s arrival. Once a paper has beenturned in, late arriving students will not be permitted to begin the test or exam. A student who begins a testor exam late will not be given extra time at the end of the regular test or examination period.Attendance and Test Make-up Policy:This course has no formal attendance policy. Students are expected to make all classes on time. All students areexpected to make all tests when scheduled. Make-up exams will only be allowed for pre-excused absences.Written proof of the reason for absence must be provided. Examples of acceptable reasons are; medical (minorillnesses not included), death of or serious illness to family members, major traffic accident, and athletes and otherswho represent the university on a regular basis. Remember excused absences must provide a written reason fromthe appropriate official(s) indicating the exact dates for which class was or will be missed. If a student misses a1test or tests with an excused absence, the student must take the final exam and the weight(s) of the missed test(s)will be applied to the final exam.Statement of Educational Philosophy:Each student is responsible for his/her own education. The ultimate goal of a college education is for each studentto develop independent learning skills and to cultivate a desire for life-time learning. Each of you will likely faceseveral career changes over your lifetime with each change presenting new challenges and requiring a new set ofabilities. Returning to college or some other educational institution each time your career changes is not a viablealternative. Perhaps the most important benefit that you can take from college is the ability and confidence to learnindependently. Academic Integrity:Students have the responsibility to know and observe the requirements of The UNC Charlotte Code ofStudent Academic Integrity. This code forbids cheating, fabrication or falsification of information, multiplesubmissions of academic work, plagiarism, abuse of academic materials, and complicity in academicdishonesty. Any special requirements or permission regarding academic integrity in this course will bestated by the instructor and are binding on the students. Academic evaluations in this course include ajudgment that the student’s work is free from academic dishonesty of any type; and grades in this coursetherefore should be and will be adversely affected by academic dishonesty. Students who violate the code canbe expelled from UNC Charlotte. The normal penalty for a first offense is zero credit on the work involvingdishonesty and further substantial reduction of the course grade. In almost all cases, the course grade isreduced to F. Copies of the code can be obtained from the Dean of Students Office. Standards of academicintegrity will be enforced in this course. Students are expected to report cases of academic dishonesty to thecourse instructor. ECON 2101 MACROECONOMICS COURSE OUTLINE2Week Dates Topics Assignment Learning Objectives1 January 9/11 Overview /What is Economics?/ Production Possibilities/ Opportunity CostChapters1, 2 Independent Thinking2 January 16 No Class2 January 18 Economic Systems /Demand Theory Chapters 2, 3 Independent ThinkingSocial Issues3 January 23/25 Supply Theory/ Market Equilibrium/ Price Ceiling and FloorsChapter 3 Global Issues/ Independent Thinking/Social Issues4 January 30 Applications of Demand and Supply Chapter 4 Global Issues/ Social Issues4 February 1 First Test Chapters 1-45 February 6/8 Understanding the Macro World Chapter 5 Independent Thinking6 February 13 Circular Flow and Measuring GDP and Income Chapters 5,6 Independent Thinking/ Political Issues/ Social Issues6 February 15 Second Test Chapters 5,67 February 20/22 Aggregate Demand and Supply/ Short and Long-run Equilibrium/ Recessionary and Inflationary GapsChapter 7 Independent Thinking/ Political Issues/ Social Issues8 February 27/29 Economic Growth/ Fiscal Policy Chapters 8,12 Independent Thinking/ Political Issues/ Social Issues9 March 5/7 No