COURSE INFORMATIONCourse ObjectiveUNIVERSITY OF ALABAMAEC 111-006 SPRING 2015PRINCIPLES OF MACROECONOMICS ALSTON 10 Instructor: Kent O. Zirlott, PhD University of Alabama 2007Office: 228 Alston Hall Office Hours: Mon. & Wed. 1:00 to 3:00 PM and Tues. & Thurs. 2:00 to 4:00 PM Class Hours: Mon. and Wed. from 3:30 PM to 4:45 PM E-Mail: [email protected] COURSE INFORMATIONCourse ObjectiveThe purpose of this course is to equip students with both a theoretical foundation of basic macroeconomics as well as the techniques with which to apply these principles to other courses within the business school in addition to the everyday world. This course will cover basic macroeconomic principles, such as supply and demand analysis, national income, gross domestic product, inflation, unemployment, the monetary system, the openeconomy, and aggregate demand and aggregate supply. The background information learned in this course is instrumental to understanding the functions of the economy and government; therefore, success in understanding this material is important.TextN. Gregory Mankiw, Principles of Macroeconomics, Seventh EditionAPLIA This is an online homework website. Registration and use of APLIA is required. Registration on this website provides an online version of the textbook (you do not have to buy a hard copy of the book). Access to the assignments and the online book are part of the registration and payment for access to the website. Requirements and Class AttendanceStudents are expected to attend class regularly and actively participate in class discussions and lectures. In addition, students are required to read and study the text and materials prior to coming to class and raise questions. Class participation can and will influence your final grade. Many problems and exercises we cover in class will be similar to problems on the exams; therefore, regular class attendance is important! Also, students are required to take exams covering the material and complete the APLIA homework assignments.Classroom EtiquetteStudents are expected to exhibit proper classroom behavior at all times. This includes: notalking during the lecture, no eating during classroom hours, Ipods and other music devices are not allowed, cell phones are to be turned off before each lecture, texting isNOT allowed during class time, and students are to be respectful to each other. Failure to follow these rules will lower your grade.Course Outline (Tentative):Topic Textbook ChaptersThinking Like An Economist 1 & 2Supply and Demand 4Elasticity 5Exam #1 1-2 & 4-5National Income 10Cost of Living 11The Financial System 13Unemployment 15Exam #2 10-11 & 13 & 15Monetary System 16Money & Inflation 17The Open Economy 18Macroeconomics and the Open Economy 19Exam #3 16-19Aggregate Demand and Aggregate Supply 20Tradeoff between Inflation and Unemployment 22Final Exam Comprehensive Exam 1 will be on Wednesday, February 4th. Exam 2 will be on Wednesday, March 4th. Exam 3 will be on Monday, April 13th. The Final Exam will Thursday, April 30th from 7:00 to 9:30 PM.YOU MUST TAKE YOUR FINAL EXAM AT THE SCHEDULED TIME FOR THE FINAL.Students are allowed to use ONLY a basic calculator for exams. Graphing calculators and cell phones are not allowed to be used for exams.Make-Up ExamsMake-up exams will be allowed ONLY if prior agreement and arrangement is made and proper documentation is provided, such as a doctor’s excuse. You may NOT take the Make-Up Exam without documentation. The make-up for the exam missed will be given during the final exam time period. If you do not have the proper documentation,you will receive a grade of 0 for that exam. There is no Make-Up Exam for a missed Make-Up Exam.In addition, there will be NO extensions of any missed APLIA assignments. You will always have at least a week and, in many cases, several weeks to complete an APLIA assignment so ample time is always given to complete an assignment.Grading There will be three (3) in class exams worth 100 points each plus a final exam worth 100 points for a total exam points possible of 400. Each of the exams will consist of 50 multiple choice questions worth 2 points each. In addition, completion of at least 15 homework assignments (possibly more) on the APLIA website is a required part of this course. The APLIA assignments are worth at least 100 points. Any points scored over 100 points on the APLIA assignments is extra credit and will count toward your final grade. To calculate your class grade, simply add up (do not divide or average anything) your points scored on the exams and APLIA assignments to get your total points for the class and then compare the total points to the grading scale below.The grading scale will be as follows:500 – 475 points A+ 474 – 450 points A 449 – 440 points A-439 – 420 points B+ 419 – 400 points B 399 – 390 points B-389 – 370 points C+ 369 – 350 points C 349 – 340 points C-339 – 320 points D+ 319 – 300 points D 299 – 290 points D-Below 290 points FAcademic Misconduct:All acts of dishonesty in any work constitute academic misconduct. The Academic Misconduct Disciplinary Policy will be followed in the event of academic misconduct.Accommodations for Disabilities:Students with disabilities are responsible for informing the College of their needs for accommodations. The self-identification process involves students registering with the Office of Disability Services and presenting current specific documentation that verifies the disability. ROLL