Economics 201
 

 

ECONOMICS 201

INTRODUCTION TO MACROECONOMICS

Spring 2008

Robert Francis

Office: 5336

Phone: 546-4797

 

Office hours: 10:30-11:20 Monday through Thursday

                  9:30-10:20 Friday

                  or by appointment

E-mail:     bfrancis@shoreline.edu

WEB:    http://elmo.shore.ctc.edu/economics/

 

              The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood.  Indeed the world is ruled by little else.  Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.  Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.  I am sure that the power of vested interests is vastly exaggerated compared to the gradual encroachment of ideas.—J.M.Keynes  

Weekly Schedule

Lecture

Link to Aplia

Course Description

While every person in any society is fundamentally involved in an economy, as a general rule they know very little about how the economic system within which they work operates. It is the goal of this course to introduce the student to the basic principles of how the aggregate economy works and some of the theories used to explain changes in the aggregate economy. Issues to be looked at include: economic growth, unemployment, price stability, the international economy and the role government intervention during business cycles. This course will become Econ 202& beginning in summer of 2008.

 

Prerequisites

Economics 200 or permission.

Learning Outcomes

1) Demonstrate the ability to read, interpret and communicate through spoken and written forms of standard English.

2) Demonstrate the ability to read, interpret and use graphs, along with other quantitative tools, commonly used in economics.

3) Evaluate past and present impacts of business cycles and attempts to intervene in these market fluctuations.

4) Demonstrate an understanding of the impact of continued globalization of economic activity.

5) Demonstrate the ability to read, interpret and evaluate information generated by the news media.

6) Demonstrate the ability to place economic concepts and paradigms into appropriate social, political and historical context. 

Instructor/student Expectations

The Student is expected to exhibit the following behaviors:

bulletattend all lectures.
bulletdo the assigned readings on time and be prepared to answer questions and discuss reading content.
bulletspend time contemplating the basic issues discussed in class and reading.
bullettreat peers and instructor with respect.
bulletengage in appropriate academic classroom behavior: arrive on time prepared to take notes, do not engage in social conversations or other disruptive acts, etc.
bulletdo not engage in "social loafing" during group assignments.
bullettake independent steps to remediate any confusion due to missed lecture (or any other reason) by using whatever methods deemed effective by the student.
bulletdevote ample time to the course content despite work, social and other class obligations.
bulletkeep abreast of current events as they pertain to the course.
bulletdo not cheat.

The Instructor shall exhibit the following behaviors:

bulletarrive on to class on time and prepared to make effective use of the students time.
bullettreat students and their opinions with respect.
bulletbe available to students during office hours and at other times arranged by mutual agreement.
bulletmake every reasonable effort to assist students in attaining their academic goals.
bulletassess student performance in an objective and accurate manner as is possible given institutional constraints.
bulletkeep abreast of current economic events.
bulletcontinue to research and study the field of economics and economic education.

Text

Required:     David Colander, Macroeconomics 7th Edition

                   Aplia

                   Web Readings

 

Students are responsible for all the assigned material presented by the text as listed in the course schedule. Note that neither all material presented by the text will be covered in class nor all material presented in class will be covered by the text. Questions on the text material are welcomed during class or office hours. 

Aplia Sign up

Connect to http://econ.aplia.com.

bullet Click the System Configuration Test link below the Sign In and Register sections to make sure you can access all of the features on Aplia's website. This takes just a few seconds and tells you how to update your browser settings if necessary.
bullet Return to http://www.aplia.com .

If you have never used Aplia before, click the New Student button and enter your Course Key: Y3EU-UMHD-9LNH. Continue following the instructions to complete your registration.

If you have used Aplia before, sign in with your usual e-mail address and password and enter your Course Key when prompted: Y3EU-UMHD-9LNH. If you are not prompted for a new Course Key, click the Enter Course Key button to enroll in a new Aplia course. Enter your Course Key when you are prompted.

bullet If you understand your payment options, pay now. Otherwise, postpone your purchase decision by choosing the option to pay later. Your payment grace period ends at the end of the day on 04/20/2008.

Payment Option A: Pay Aplia Directly

Purchase access to your course directly from Aplia through their website for 35.00 USD.

Payment Option B: Purchase at Bookstore

Purchase a textbook bundle from the school's bookstore, which includes an Aplia Access Card containing a payment code that you can enter on Aplia's website as payment for your Aplia course and a physical textbook.

Examinations and Quizzes

There will be three examinations given during the quarter, including the final. In addition to the exams, quizzes may be given at any time. The testing will include short essay questions, numerical problems and multiple choice questions. The exams will cover material presented during class and assigned readings in the text.

Make-up examinations will be given only when student makes prior arrangements and/or the circumstances justify the make-up. 

Class Cancellation

Unless the student is otherwise notified, class will meet at the scheduled times unless the college is closed due to inclement weather and/or other extreme conditions.

Extra Credit

Extra credit may be earned by attending discussions being sponsored by the Worldly Philosophers and Dismal Scientist Club (W.P.D.S.) and submitting a typewritten summary and students position on the issue, or some other topic and forum to be agreed upon. Extra credit shall be limited to 15 points 

 

Grading

The point distribution shall be approximately even between the exams and quizzes/alternatives. The students grade will be determined by the total number of points earned during the course, less the lowest point quiz, divided by the total possible points, which then establishes the students percentage. This percentage is the converted into a numerical grade according to the partial chart below (the student is encouraged to complete the chart below).

Percent

Decimal

Grade

Percent

Decimal

Grade

Percent

Decimal

Grade

Percent

Decimal

Grade

95-100

4.0

85

3.0

75

2.0

65

1.0

94

3.9

84

2.9

74

1.9

64

0.9

93

3.8

83

2.8

73

1.8

63

0.8

92

3.7

82

2.7

72

1.7

62

0.7

91

3.6

81

2.6

71

1.6

61 or less

0.0

90

3.5

80

2.5

70

1.5

 

 

89

3.4

79

2.4

69

1.4

 

 

88

3.3

78

2.3

68

1.3

 

 

87

3.2

77

2.2

67

1.2

 

 

86

3.1

76

2.1

66

1.1

 

 

Weighting

Tentative points    

Exam     400

Aplia     100

Hwk        70                                                                                         

 

Withdrawals

Any student may withdraw from this course and receive a “W” on his/her records through May 12.  After this date, a “Z” will be given to those students officially withdrawing or a “V” will be given to anyone who stops coming to class. 

Students should be aware of the recently revised definition of a Z:

"Z Hardship Withdrawal – This grade may be given at the student’s written request and the instructor’s agreement that a crisis and/or unusual, extreme circumstance which has interfered or interrupted the student’s ability to attend class and perform course work for the current quarter has occurred.  This grade will not be considered in GPA calculations." (Shoreline Policy 6260)

This is a mandatory decimal grading course.

 

Cheating

Any student seeks inappropriate assistance, including plagiarism, during examinations or media projects will automatically fail the course. The instructor will make every effort to avoid putting the student in the position of being tempted to cheat. Any student who observes cheating is welcome to discuss it with the instructor to try to find solutions.

Students with Disabilities 

Shoreline Community College is committed to providing educational programs without regard to disabling conditions as defined by Section 504 of the Rehabilitation Act of 1973. Reasonable accommodations will be made and no otherwise qualified individual with disabling conditions shall, on the basis of disability, be excluded from participation in, be denied the benefits of, or otherwise be subjected to discrimination under any program, activity or service administered by the college.  Please contact Shoreline's coordinator of services for students with disabilities at 546-5832 or 546-4520 in the FOSS Building, Room 5229, for more information or for an assessment of your individual needs.