ECON 2305-005 – Principles of MacroeconomicsFall 2017Instructor: Roger WehrOffice Number: 314 Business BuildingOffice Hours: Monday/Wednesday: 11:00 a.m. – noon; Monday/Wednesday 8:30 p.m. – 9:30 p.m.; & Available Upon Request NOTE: Office Hours will not be held when the University is closed OR following the Last Day of Class.NOTE: Due to my inability to be at two locations at the same time, I will not be holding Office Hours during the weekof Final Exams.Address: Box 19479, Arlington, Texas 76019Office Telephone Number: (817) 272-3287Messages may be made via e-mail, fax, and at the voice message service listed below. Fax Telephone Number: (817) 272-3145Emergency Telephone Number & Voice Message Service: (817) 861-5001UTA Emergency Phone Numbers: In case of an on-campus emergency, call the UT Arlington PoliceDepartment at 817-272-3003 (non-campus phone), 2-3003 (campus phone). You may also dial 911.Inclement Weather Information: (972) 601-2049 - OR - Arlington’s TCI Channel 98 Email Address: [email protected] NOTE: E-mail is the preferred method of communication rather than telephone.Faculty Profile: https://www.uta.edu/mentis/public/#profile/profile/view/id/526/category/1Section Information: ECON 2305 Section 005Time and Place of Class Meetings: Business Building, classroom number 245 E, M/W 7:00 – 8:20 p.m.Materials Required:Textbook: Economics Today- The Macro View 18th edition by Roger LeRoy Miller; AW 18E ISBN 978-0-13-388487-6(Other ISBN’s may also apply- i.e., the ISBN for the “loose leaf” text may be different.)OPTIONAL Electronic Materials: MyEconLab – Pearson Online Package for Homework. This product may bepurchased through the UTA Bookstore or directly from the publisher. This product will be discussed on the first day ofclass.Other Materials: Other materials may include Wall Street Journal articles and/or items found on my faculty web page.Course Description: Principles of Macroeconomics covers the elements of economics that deal with many problemsfacing societies as a whole and how these problems affect individuals. Issues such as inflation, unemployment,government policies, global integration, and how economic growth impacts all of us. Economics helps develop decision-making tools to aid in making choices critical to a well-functioning economy.Course Prerequisites: None. There is no required course prerequisite. The class will meet on all regular classmeetings. There is no attendance requirement that goes beyond regular class meetings and the scheduled meeting forthe final exam.Student Learning Outcomes: The student will be able to explain and discuss the course content as noted in the courseand subject outline and demonstrate their knowledge of course material through examinations, quizzes, and classdiscussions. More specifically, the student will be able to:- employ the methods that economists use to investigate market outcomes- use and critique alternative theories of the macroeconomy- develop and communicate alternative explanations or solutions for contemporary social issues such as povertyand unemployment- differentiate and analyze historical evidence (documentary and statistical) and differing points of viewCourse Syllabus Page 1- analyze, critically assess, and develop creative solutions to public policy problems such as inflation - recognize appropriate information sources for data about the state of the economyCourse Purpose: This course satisfies the University of Texas at Arlington core curriculum requirement in social andbehavioral sciences.Course Objectives: This course satisfies the following four objectives:Critical thinking skills include creative thinking, innovation, inquiry, and analysis, evaluation and synthesis ofinformation. Students will demonstrate evidence of critical thinking skills by learning and using economicprinciples and analysis in examining and critiquing various social policies and issues such as governmentregulations for drug approval and pollution, the economic consequences of criminal behavior, the market effects ofdrug prohibition, the issues of an aging society, tax policies and their myriad of impacts, and the consequences ofunemployment and the minimum wage, to name a few.Communication skills include effective development, interpretation and expression of ideas through written, oraland visual communication. Students will demonstrate communication skills throughout the course throughclassroom participation, frequent class discussions and course exercises – including examinations and in-classassignments.Empirical and quantitative skills include the manipulation and analysis of numerical data or observable factsresulting in informed conclusions. For example, students will be able to work with quantitative measures such asSocial Security and the income tax rate policy, changes in crime rates as they relate to our overall economy, andthe impact of governmental policies on drug prices – both legal and illegal. Based on these and other measures,students will be able to judge the impact of various social policies on our economy and our overall social welfare. Social responsibility includes intercultural competence, knowledge of civic responsibility and the ability toengage effectively in regional, national and global communities. In this area for example, students will be able toarticulate the impact that government regulation and taxes have on improving access to health care, making ourneighborhoods safer, reducing pollution, and attending to the issues of immigration flows.Course Format: The course is presented in a lecture format with the use of electronic media and the available whiteboard. Additionally, information will be provided via the textbook and other media in the classroom. It is important to notethe obvious: YOU are responsible for what is said, discussed, and covered in class. Accordingly, if you are absent,YOU should arrange to get notes from a classmate. This is important! Some content may be posted to Blackboard orthe faculty web page as well, including outside materials. The class will also include some emphasis on solving problemsand may include discussion of current topics/events deemed