Economics 201 -- Introduction to Macroeconomics

OAKTON COMMUNITY COLLEGE
 ECO 201 COURSE SYLLABUS
 Spring 2007







Instructor: Joyce Bremer
Email Address: jbremer@oakton.edu
Home Phone: (847) 537-4385
Fax:  (847) 635-1987

Office Hours: Mon.-Thurs. 9:00-10:00a.m.(Online)
                     On Des Plaines Campus by Appointment

Note: Please contact me via e-mail or telephone any time you have any questions, suggestions, or comments. You may also call me at home between 7:00 a.m. and 9:00 p.m. at 847-537-4385.

I.
 
Course Prefix Course Number Course Name Credit Lecture  Lab
ECO  201 Principles of Economics I 3 3 0

II. Prerequisite:   None

III. Course Description:

 This introductory macroeconomics course analyzes fiscal and monetary policies by utilizing modern economic theory.  Inflation, taxes, full employment, gross domestic product (GDP), economic growth, money and banking are some of the topics discussed in the course.  The student makes extensive use of graphical analysis.

IV. Learning Objectives:

A. The student will develop analytical skills that can be applied to the solution of a
           wide range of problems including, but not bounded by the economic material of
           this course.
      B. These skills will include the construction of a general theory or model explaining
           how a system works. The student will be able to explain this model:
          1. orally or in writing.
          2. by depicting the system graphically.
          3. by using simple algebraic formulas to express his/her ideas.
      C. Using the modeling approach, the student will then analyze the effects of different
           policy decisions on the outputs or goals produced by the system.
      D. As applied to the economic systems under study, the student will understand the
           interaction of different fiscal and monetary policies, and determine their effects
           upon basic economic goals such as full employment, price stability, and growth.
      E. In addition to the above objectives, this course will help students develop the
          following General Education Competencies that have been established by the
          College:
          1.  Define Problems
          2.  Construct Hypotheses
          3.  Gather, analyze, and interpret data and information
          4.  Differentiate between fact and opinion
          5.  Communicate effectively in writing

V. Academic Integrity:

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton’s Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton’s policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI. Outline of Topics:
 
 
Week
TOPIC
ASSIGNMENT

(1/16-1/21)
Introduction and
The Economic Problem
Chapter 1
Post a Response to the Discussion Forum

(1/22-1/28)
Scarcity and the Production Possibilities Frontier
Chapter 2 
Post a Response to the Discussion Forum

(1/29-2/4)
The Market Mechanism 
Supply and Demand
Chapter 3 & 4
Post a Response to the Discussion Forum

(2/5-2/11)
Exam 1
Exam 1 Due no later than midnight 9/17
(September 17 - noon - Last day to Withdraw and have course 
dropped from record; Last day to change to Audit) 

(2/12-2/18)
Measuring Economic Performance:
National Income Accounting
Chapter 8 
Post a Response to the Discussion Forum

(2/19-2/25)
Project 1
Project 1 Due no later than midnight 10/1
(10/1 – Incomplete (I) grades from Summer 2006 semester 
or which faculty have not submitted final grades will become an "F" after 10/1

(2/26-3/4)
Macroeconomic Instability 
Global Growth and Development 
Chapter 7 & Chapter 9
Post a Response to the Discussion Forum

(3/5-3/11)
Real GDP and the Price Level 
Chapter 10 
Post a Response to the Discussion Forum 
(10/15 – Last day to withdraw with a "W" [no withdrawals after this date])
9
(3/12-3/18)
Spring Break
Relax and 
Catch Up
10
(3/19-3/25)
Classical and Keynesian Analysis
Chapter 11 
Post a Response to the Discussion Forum
 11
(3/26-4/1)
Aggregate Spending and the Multiplier Effect 
Chapter 12 
Post a Response to the Discussion Forum 
(March 11 - noon - Last day to withdraw with a W)
12
(4/2-4/8)
Exam 2
Exam 2 Due no later than midnight 11/5 
13
(4/9-4/15)
 The Government Sector - Fiscal Policy and the Federal Debt
Chapter 13 & Chapter 14 
Post a Response to the Discussion Forum
14
(4/16-4/22)
Money and The U.S. Banking System
Chapter 15 & Chapter 16 
Post a Response to the Discussion Forum
15
(4/23-4/29)
 Monetary PolicyEconomic 
Stabilization and the World Economy
Chapter 17 & Chapter 18 
Post a Response to the Discussion Forum
16
(4/30-5/6)
Project 2
(Begin Exam 3)
Project 2 Due no later than Midnight Friday 5/6
17 
(5/6-5/11)
 Exam 3
Exam 3 Due no later than midnight Friday 5/11
(May 11- Last day of the Spring Semester)

VII.  Methods of Instruction
             Read Assigned Material
             Online Mini-Lectures
             Online Discussion

VIII.  Course Practice Required
         A. Read and understand course material to include charts and graphs.
         B. Writing clearly and correctly at a college level.
         C. Participation in online discussion.
         D. Mathematics at the high school algebra level, solving linear equations.
         E. Graphic analysis.

IX. Instructional Materials

Required Textbook:  Roger Miller, Economics Today, The Macro View, 13th edition, Pearson Addison-Wesley, 2006.
(Purchase of a new text is required in order to obtain the access code to MyEconLab)

X.  Methods of Evaluating Student Progress
 
 
Exam 1
(Multiple Choice and Essay/Problems) 
75 points
Exam 2
(Multiple Choice and Essay/Problems) 
75 points
Exam 3
(Multiple Choice and Essay/Problems) 
75 points
Project 1 75 points
Project 2 75 points
Discussion 60 points
Total Semester Points 435 points

 Grading Scale used in this class:
 
Total Semester Points  Grade
391-435  A
348-390  B
304-347  C
261-303 D
0-260  F

XI. Other Course Information

Submitting Work

Tests: The exams will be available online and must be submitted (via the WebCT e-mail) in one file (preferably as an attachment written in Word) during the week indicated on the Outline of Topics.  If an exam is submitted after the last day of the week, the grade will be reduced 5 points for each day it is late. (e.g., If the exam is 2 days late, 10 points will be deducted from the grade.)

Projects: All projects should be e-mailed to me (via the WebCT e-mail), preferably as an attachment written in Word, during the week in which they are assigned. They must be submitted no later than the last day designated in the Outline of Topics. Projects will be evaluated on both content and format, and you will be evaluated on your success at addressing all the pertinent issues in a succinct, well-written format. If a project is submitted late, the grade will be reduced 5 points for each day it is late. (e.g., If the project is 3 days late, 15 points will be deducted from the grade.)

Online Discussion Participation
Your online participation will be evaluated on a quantity and quality basis. Your comments should advance the discussion, add value and be relevant. Comments such as "I agree" and "ditto" are not considered value-added participation. Therefore, when you agree or disagree with a comment, please state and support
your agreement or disagreement. Complete sentences, correct grammar, punctuation and spelling should be used in all your postings.
Discussions will be active for two weeks.
Initial postings must be made by the end of the assigned week. Initial postings made after the assigned week will not earn credit.
Responses to classmates' postings can be made either in the assigned week or the following week. Any postings made after the second week will not earn credit. You are required to post at least 2 substantive postings per week.
Discussion forums will be available after the two-week time period, but any postings made after the second week will not earn credit. I encourage you to post messages about how the course material relates to your own experience.
Discussions will be "threaded" and asynchronous. Each week's discussion is worth a maximum of 5 points (3.5 points for your original response; 1.5 points for your reply to a classmate's posting). No credit will be received for postings made after the end of the assigned week.

Policies and Expectations

E-Mail Check and Response Policy
I plan to check my e-mail for this course at least once a day. If you email me before 3:00 p.m. on weekdays, I will try to answer the same day. If it's after 3:00 p.m. do not expect a response until the next day. I may respond sooner, but I cannot guarantee it. When you send e-mail, please use the WebCT e-mail. If you use my Oakton e-mail account, please put the title of this course (Econ 201) and the topic you are writing about in the "Subject" line and include your name somewhere in the e-mail.

Student Commitment
You should budget adequate time each week for reading all material and completing all assignments. You will be responsible for keeping up to date with all lessons and assignments and participating in the discussions. Online courses take as much, if not more, time to complete successfully as traditional courses so please plan accordingly.
You are solely responsible for the preparation and presentation of your assignments. Each homework assignment, written activity, and test should be your own work. When working collaboratively, it is acceptable to ask for criticism and help, but such input should be limited and acknowledged when appropriate.

Instructor Commitment
As your instructor, I will follow the course outline as detailed in this syllabus. If any changes are required, I will announce them well in advance to give you time to adjust. You can count on my availability during office hours, and you have the right to expect prompt responses to your questions, comments, and requests. I will grade your work in a timely manner and return it to you with constructive commentary. In this distance-learning course, you will receive the same attention and care you would find in a traditional class.
If you have a documented learning, psychological, or physical disability, you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the ASSIST office in Instructional Support Services. All students are expected to fulfill essential course requirements. The
College will not waive any essential skills or requirements of a course or degree Program.
 

Academic Calendar - Spring 2007 Link Here
 

Economic Links
My Homepage
 
 
 


Last updated January 3, 2007

Send comments to: jbremer@oakton.edu