Course Syllabus

Fall 2020

ECON 2301 C01NT Principles of Macroeconomics

 

Course Information

ECON 2301 C01NT Principles of Macroeconomics. This is an online course. This means that all instruction and communication for the course will be conducted via the Internet.

This course uses free Open Educational Resources so there is no textbook cost.

 

Instructor Contact Information

Doleswar Bhandari, Ph.D.

Email: You can email me in the Canvas. You can also email me at: bhandarid@grayson.edu.

Office Hours: by appointment

Course dates: 10/20 -12/10

 

Course Pre-requisites, Co-requisites, and/or Other Restrictions

College sophomore standing or consent of the Division Dean.

 

Course Description – from college catalog

ECON 2301. Principles of Macroeconomics. An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.

 

Student Learning Outcomes

• Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
• Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
• Define and measure Gross Domestic Product and national income and rates of unemployment and inflation.
• Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
• Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
• Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.
• Explain the mechanics and institutions of international trade and their impact on the macro economy.

Required Textbooks (ISBN # included) and Materials

Your textbook for this class is available for free online, in web view and PDF format! You can also purchase a print version, if you prefer, via OpenStax on Amazon.com. You can use whichever formats you want. Web view is recommended -- the responsive design works seamlessly on any device. If you buy on Amazon, make sure you use the link on your book page on openstax.org so you get the official OpenStax print version. (Simple printouts sold by third parties on Amazon are not verifiable and not as high-quality.) Principles of Macroeconomics 2e from OpenStax, Print ISBN-13: 978-1-947172-38-8, Digital ISBN 10: 1-947172-39-5 https://openstax.org/details/books/principles-macroeconomics-2e

 

Required Assignments & Academic Calendar

October 22                Chapter 1 Welcome to Economics   Quiz Chapter 1

October 26                Chapter 2 Choice in a World of Scarcity   Quiz Chapter 2

October 28                Chapter 3 Demand and Supply   Quiz Chapter 3

November 1              Chapter 5 Elasticity   Quiz Chapter 5

November 4              Chapter 6 The Macroeconomic Perspectives Quiz Chapter 6

November 7              Chapter 7 Economic Growth   Quiz Chapter 7

November 9              Midterm Exam 

November 11           Chapter 8 Unemployment   Quiz Chapter 8

November 14           Chapter 9 Inflation   Quiz Chapter 9

November 17           Chapter 10 International Trade and Capital Flows   Quiz Chapter 10

November 19           Chapter 11 Aggregate Demand/Aggregate Supply Model   Quiz Chapter 11

November 25           Chapter 12 The Kensian Perspective   Quiz Chapter 12

December 1              Chapter 13 The Neoclassical Perspective   Quiz Chapter 13

December 4              Chapter 14 Money & Banking   Quiz Chapter 19

December 7              Review for cumulative exam

December 9             Final Exam (Online)

 

Methods of Evaluation

Students will be evaluated based on chapter quizzes, midterm exam and a final exam.

Grades are calculated as follows:

Categories	Percentage
Chapter Quizzes	60
Midterm Exam	20
Final Exam	20

 

 Grading

The final score is used to calculate the grade as follows.

A   90% to 100%

B   80% to 90%

C   70% to 80%

D   60% to 70%

F   <60%

Late Work Policy

I realize life happens. Unless students provide valid reasons, they can submit late work with 25% discount in the grade.

 

Methods of Instruction

Canvas and Textbook

 

Course & Instructor Policies

As you can see above, each chapter has specific dates for you to complete.  There is a quiz for you to take with every chapter.  This is NOT a self-paced course. The chapter study material and quizzes will open on the dates stated above and will close on the dates stated above.  If you miss a quiz, you will not be allowed to go back and take it.  You will receive a zero for that chapter. Again, after a quiz closes, it will NOT be opened again.  If there is a problem. You must discuss it with me by email before the closing date and time.

This schedule can be subject to modification by the professor. Such changes will be posted on Canvas.

The last day to drop the class is October 2, 2020.

 

Class Attendance and Participation

Academic success is closely associated with regular online attendance and course participation. All successful students, whether on campus or online, are expected to be highly self-motivated. All students are required to participate in courses regularly and are obliged to participate in class activities and complete and submit assignments following their professors’ instructions. 

Attendance will be taken based on your participation in the online class. If you sign into Canvas and take the assigned quiz, you will be counted present.  If you miss an assigned quiz, you will be counted absent. 

Students’ eligibility to receive financial aid or live in a College dormitory can be affected by withdrawal from courses. When withdrawal occurs, any tuition refund would be made in accordance with state regulations.

 

Academic Integrity

The faculty expects from its students a high level of responsibility and academic honesty.  Because the value of an academic degree depends upon the absolute integrity of the work done by the student for that degree, it is imperative that a student demonstrate a high standard of individual honor in his or her scholastic work.

Scholastic dishonesty includes but is not limited to cheating, plagiarism, collusion, and the submission for credit of any work or materials that are attributable in whole or in part to another person, taking an examination for another person, any act designed to give unfair advantage to a student or the attempt to commit such acts.  Plagiarism, especially from the web, from portions of papers for other classes, and from any other source is unacceptable and will be dealt with under the college’s policy on plagiarism (see GC Student Handbook for details). Grayson College subscribes to turnitin.com, which allows faculty to search the web and identify plagiarized material.

Plagiarism is a form of scholastic dishonesty involving the theft of or fraudulent representation of someone else’s ideas or words as the student’s original work. Plagiarism can be intentional/deliberate or unintentional/accidental. Unintentional/Accidental plagiarism may include minor instances where an attempt to acknowledge the source exists but is incorrect or insufficient. Deliberate/Intentional plagiarism violates a student’s academic integrity and exists in the following forms:

• Turning in someone else’s work as the student’s own (such as buying a paper and submitting it, exchanging papers or collaborating on a paper with someone else without permission, or paying someone else to write or translate a paper)
• Recycling in whole or in part previously submitted or published work or concurrently submitting the same written work where the expectation for current original work exists, including agreeing to write or sell one’s own work to someone else
• Quoting or copy/pasting phrases of three words or more from someone else without citation,
• Paraphrasing ideas without citation or paraphrasing incompletely, with or without correct citation, where the material too closely matches the wording or structure of the original
• Submitting an assignment with a majority of quoted or paraphrased material from other sources
• Copying images or media and inserting them into a presentation or video without citation,
• Using copyrighted soundtracks or video and inserting them into a presentation or video without citation
• Giving incorrect or nonexistent source information or inventing source information
• Performing a copyrighted piece of music in a public setting without permission
• Composing music based heavily on someone else’s musical composition.

 

Student Responsibility

You have already made the decision to go to college; now the follow-up decisions on whether to commit to doing the work could very well determine whether you end up working at a good paying job in a field you enjoy or working at minimum wage for the rest of your life. Education involves a partnership that requires both students and instructors to do their parts. By entering into this partnership, you have a responsibility to show up for class, do the assignments and reading, be engaged and pay attention in class, follow directions, and put your best effort into it. You will get out of your experience here exactly what you put into it – nothing more and nothing less.

My students are adult individuals who can make decision about anything in their lives including choosing their major, renting an apartment or buying a house, buying a car, getting married, electing the president of the united states and such. I expect student’s active role in shaping this course. The best way to solve any issue is through communication. Unless I hear from you, I will assume that you are doing well in my class. Please let me know your comments and suggestions.

TITLE IX

GC policy prohibits discrimination on the basis of age, ancestry, color, disability, gender identity, genetic information, national origin, race, religion, retaliation, serious medical condition, sex, sexual orientation, spousal affiliation and protected veterans’ status.

Furthermore, Title IX prohibits sex discrimination to include sexual misconduct: sexual violence (sexual assault, rape), sexual harassment and retaliation.

For more information on Title IX, please contact:

• Molly M. Harris, Title IX Coordinator (903)463-8714
• Logan Maxwell, Title IX Deputy Coordinator - South Campus (903) 415-2646
• Mike McBrayer, Title IX Deputy Coordinator - Main Campus (903) 463-8753 
• Website: http://www.grayson.edu/campus-life/campus-police/title-ix-policies.html
• GC Police Department: (903) 463-8777- Main Campus) (903-415-2501 - South Campus) 
• GC Counseling Center: (903) 463-8730 
• For Any On-campus Emergencies: 911

**Grayson College is not responsible for illness/injury that occurs during the normal course of classroom/lab/clinical experiences.

**These descriptions and timelines are subject to change at the discretion of the Professor.

** Grayson College campus-wide student policies may be found at the following URL on the College website: https://www.grayson.edu/currentstudents/Academic%20Resources/index.html