ECONOMICS 2301-4001 M-W-F 8:00-8:55 Room G-204 SPRING 2012 SYLLABUS I INSTRUCTIONAL MATERIALS A. TEXT-Macroeconomics 6e, Principles, Applications, & Tools, O’Sullivan/Sheffrin/Perez, Sixth Ed. Pearson/Prentice-Hall, 2009 ISBN: 978-0-13-704076-6 (Must include the student access kit for MyEconLab) II COURSE OBJECTIVES A. To assist the student in evaluating competition in the marketplace and in recognizing its strengths B. To enable the student to analyze price fluctuations in the market place. C. To assist the student in applying production principles to realistic problems. D. To enable the student to function more effectively as a citizen and voter through a better understanding of economic issues. III STUDENT EVALUATION Five regular exams and quizzes will be given during the semester. The final exam is comprehensive. NO MAKEUP EXAMS WILL BE GIVEN. If a student misses an exam or a quiz, he/she will receive a zero for that exam or quiz. The final grade in the course will be determined in the following manner: Five Regular Exams 500 points Five Quizzes 250 points Final Exam 150 points Homework 150 points Total Points Earned Final Grade 940-1050 A 835-939 B 730-834 C 625-729 D Below 625 FIV STUDENT LEARNING OUTCOMES 1. The student will be able to calculate the potential increase in the money supply given an increase in the bank reserves and a given reserve ratio. 2. The student will be able to list the three basic monetary tools available to the Federal Reserve System for changing the money supply. 3. The student should be able to describe the role of the open market committee of the Federal Reserve System. V CLASS ATTENDANCE Each student is expected to attend all class meetings. If a student is absent from class more than three (3) times, five (5) points will be subtracted from his/her total points for each absence over three (3). VI COURSE OUTLINE Week 1 Jan. 17-20 (Monday, Jan. 16 – MLK Day) Orientation Chapter 1 Week 2 Jan. 23-27 Chapter 2 Week 3 Jan. 30-Feb. 3 Chapter 3 TEST 1 Chapters 1-3 Week 4 Feb. 6-10 Chapter 4 Week 5 Feb. 13-17 Chapter 5 Week 6 Feb. 20-24 Chapter 6 TEST 2 Chapters 4-6 WEEK 7 Feb. 27- Feb.29 (Thursday Mar. 1 & Friday Mar. 2-Faculty Development Days) Chapter 7WEEK 8 Mar. 5-9 Chapter 8 S P R I N G B R E A K ! ! ! ! ! ! ! MARCH 12-16 WEEK 9 Mar. 19-23 Chapter 9 TEST 3 Chapters 7-9 WEEK 10 Mar. 26-30 Chapter 10 WEEK 11 Apr. 2-5 (Friday April 6-Good Friday Holiday) Chapter 11 WEEK 12 Apr. 9-13 (Thursday Apr. 12th Last Day to Withdraw With A Grade of W) TEST 4 Chapters 10-11 WEEK 13 Apr. 16-20 Chapter 13 WEEK 14 Apr. 23-27 Chapter 14 WEEK 15 Apr. 30- May 4 Chapter 15 TEST 5 Chapters 13-15 WEEK 16 May 7-10 FINAL EXAM This course outline is an approximation. The student is responsible for noting any changes that may be announced during the semester.VII INSTRUCTOR OFFICE HOURS M-W -F T-R R. H. Felder 9:00-10:00 am 11:00 am-12:00 pm Office L-327 Other times by appointment Phone and Voice Mail (972) 860-7121 Other Phone (972) 860-7156 Fax (972) 860-8319 E-mail [email protected] 2301 COURSE DESCRIPTION ECON 2301 Principles of Economics I (3) Sophomore standing is recommended. An introduction to principles of macroeconomics is presented. Economic principles studied within the framework of classical, Keynesian, monetarist and alternative models. Emphasis given national income determination, money and banking, and the role of monetary and fiscal policy in economic stabilization and growth. Other topics include international trade and finance. (3 Lec.) EXEMPLARY EDUCATIONAL OBJECTIVES IN MACROECONOMICS Economics 2301, as part of the Core Curriculum satisfies the following Exemplary Educational Objectives in Economics set forth by the Texas Higher Education Coordinating Board. 1. To understand the methods, technologies, and data that economists use to investigate the human condition. 2. Understand the development of our economic institutions and processes and how they relate to our political system and culture. 3. Demonstrate the use of and offer critiques for alternative explanatory systems and theories in the principles of macroeconomics course. 4. Understand and describe alternative explanations and approaches to domestic social issues. 5. Analyze how historical, social, political, cultural and global issues have an influence on our economy. 6. Understand the evolution and current macroeconomic role of the U.S. in the world economy. 7. Differentiate and analyze historical evidence (documentary and statistical) and differing points of view in economics. 8. Develop the ability to establish and apply reasonable criteria in determining the acceptability of historical evidence and social research. 9. Analyze, critically assess, and develop creative solutions for macroeconomic problems. 10. Be able to apply the macroeconomic principles and theories presented in this course by using the information obtained from the news media and other appropriate sources to evaluate current economic policy as it relates to the current economic and public policy environment. CORE CURRICULUM INTELLECTUAL COMPETENCIES (CCIC) Economic 2301 satisfies the