William Rainey Harper College




Spring 2015

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ECO 212-005
(Tuesday/Thursday, 9:30-10:45, J-253)



[The options and prices below are not guaranteed by your instructor. They are provided only to give students information on some of the options available. Students should verify the information before purchasing.]



Macroeconomic by Campbell R. McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2012
Just the textbook. No textbook access codes. No "Connect". NOTE: be sure to get the 19th edition even though there is a 20th edition available

  • ISBN: 9780077337728




Study Guide For Macroeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012

  • The Study Guide can be bought at the Harper College Bookstore (L building) or online at: http://www.harperstore.com
    • ISBN 9780077337964
    • Cost about $65 new, $40 used, plus tax
  • For other sources (much cheaper) of the printed Study Guide see TextbookRecycling.com, then SCROLL DOWN



Almost every day we hear news reports of economic problems and successes from around the world. All over the world, countries are undertaking economic reforms (often called GLOBALIZATION or STRUCTURAL ADJUSTMENT POLICIES) that their leaders believe will provide their citizens with lower unemployment and higher living standards.

This course will cover the area of economics commonly defined as macroeconomics. The main goal of macroeconomics is to gain a better understanding of the causes of, and remedies for, UNEMPLOYMENT and INFLATION, as well as the factors that affect ECONOMIC GROWTH (unemployment, inflation, and economic growth).

We will study these macroeconomic issues in an international context to try to understand the economic reforms many countries are undertaking.

Macroeconomic Issues:

  • Unemployment
  • Inflation
  • Economic Growth


All students must log-in to our Blackboard website, study the syllabus, and take the required 5-point, online, "Syllabus Quiz". The syllabus quiz may be taken as many times as necessary and only the highest score will be counted. See schedule.

Blackboard Instructions:

  • Always use the the Firefox browser when using blackboard (http://www.mozilla.org/en-US/)
  • Go to http://harper.blackboard.com
  • Follow the instructions to "log-in",
  • You should see "ECO 212-004 - MACROECONOMICS (Spring 2015)" in the "My Courses" box. If you do not please e-mail the instructor: mhealy@harpercollege.edu 


When e-mailing your instructor always put "ECO 212" and a message in the subject line. Please use proper spelling, punctuation, and grammar.

Option to Forward Mail from your Harper E-mail Account

If you are not planning on using your Harper email account, you can find instructions on how to forward email from that account to one you check frequently by logging in to the Harper Student Portal and clicking on the "My Harper E-Mail" tab. All correspondence in this class will be sent to your Harper e-mail account.


The final grade for the class will be awarded according to the following point system. Changes may be made to this grading policy. All changes will be announced in class and posted on Blackboard. 




1 syllabus quiz

5 points, taken online (Blackboard)

5 points

13 Required Activities

The Required Activities are online (Blackboard) chapter review quizzes of about 20 multiple choice questions. They are worth two points per quiz/chapter. They can be retaken as many times as you wish and only the highest score will be included in the grade book.

26 points

3 Papers

10 points each. Papers can be rewritten for full credit with the following restrictions:

  1. original papers must be turned in by the due dates to earn the chance to be rewritten. Papers turned in late cannot be rewritten. Please note that papers are either graded as an "1", "2", "3", or an "10", so the chance to rewrite the paper is important.
  2. No rewrites can be handed in later than the 6th class period from the date the original is handed back. NOTE: the third paper must be handed in BEFORE the final exam.
  3. You must hand in all earlier drafts with each rewrite.

For more information see PAPERS.

30 points

5 in-class quizzes

10 multiple choice questions, 1 point each, best 4 of 5 counted

40 points

3 unit exams

40 multiple choice questions each. Each of the three unit exams will also have an extra credit essay question worth about 3 points.

120 points

Final Exam

80 multiple choice questions, COMPREHENSIVE

80 points




Letter grades will be awarded as follows:
90%=A, 80%=B, 70%=C, 60%=D, below 60%=F

Syllabus Quiz (5 points): The syllabus quiz will be taken online via our class Blackboard site. It can be taken as many times as you wish. See schedule. Only the highest score will count.

Required Activity (2 points for each chapter): The "Required Activities" are to be taken on Blackboard after we have competed each chapter. They consist of 20 multiple choice questions. They can be taken as many times as you wish and only the highest score will count. Required activities for each unit should be finished BEFORE the unit exam. In order to be allowed to take a unit exam retake (see below), you must have finished all the unit's required activities BEFORE the unit exam.

Papers (3 at 10 points each) Papers can be rewritten for full credit with the following restrictions:

  1. original papers must be turned in by the due date to earn the chance to be rewritten. Papers turned in late cannot be rewritten. Please note that papers are either graded as an "1, 2, or 3" or an "10", either a "F" or an "A", so the chance to rewrite the paper is important.
  2. before writing the any rewrite after the first, you must see the instructor or the Supplemental Instruction leader for assistance
  3. No rewrites can be handed in later than the 6th class period from the date the original is handed back.

    For more information see PAPERS.

Unit Exams (40 points each): There will be three in-class unit exams consisting of 40 multiple choice questions and a three point extra credit essay question. The exams are NOT open book, NOT open notes, and you can NOT bring in a sheet of notes or formulas.

Retake Exams The unit exams will have an OPTIONAL RETAKE EXAM for those who want to study harder and improve their grades. In order to be allowed to take the retake, you must have finished all the unit's Required Activities BEFORE the unit exam.

Comprehensive Final Exam (80 points): A final exam consisting of 80 multiple choice questions will be given during final exam week. The final exam will cover material from all three units.


Students will be allowed to take an exam at a time other than the scheduled class period only IF:
1. the instructor is notified BEFORE the scheduled exam time AND
2. the student has a very good reason to miss the exam at the scheduled time.

Required Activities:

These can be taken as many times as necessary. Only the highest score will count.


  • If the papers are handed in by their due dates then they can be re-written as many times as necessary.
  • No rewrites can be handed in later than the 6th class period from the date the original is handed back.
  • If a paper is handed in late (after the original due date) then no rewrites will be allowed. Remember. papers are either graded an "F" (1-3 points) or an "A" (10 points). Hand your papers in on time!


IMPORTANT: For exact reading assignments see: Assignments. We may not read the whole chapter or a "chapter" may include pages from other chapters, so always check the "Assignments" page before reading


Part 1 Why is the World Moving to Capitalism?

Ch. 1

Introduction to Efficiency and to the Study of Economics

Ch. 2

An Introduction to the Global Economy

Part 2 How Capitalism Works

Ch. 3

Efficiency and Markets: Supply and Demand

Ch. 20

Efficiency, Specialization, and Exchange (Trade)

Ch. 5

Market Failure and The Role of Government in a Market Economy


Ch. 12

A Model of the Macro Economy: AS and AD

Ch. 6

An Introduction to Macroeconomics

Ch. 9

Business Cycles: Unemployment and Inflation

Ch. 7

Measuring Domestic Output

Ch. 8

Economic Growth

Ch. 22 W*

The Economics of Developing Economies

* Chapter 22W is online at:


Ch. 10, 13

Fiscal Policy

Ch. 14-16

Monetary Policy

NOTE: This outline may be changed. All changes will be posted on the Blackboard announcements, announced in class, and sent via e-mail.



Class attendance is strongly recommended, but not required. Former students have indicated that the material covered in class is very helpful at the time of the examinations.


The following suggestions should help you learn economics:
  1. GET AHEAD!. There will be assignments for each day of class. You should try to be at least one to two days (one week) ahead. See the ASSIGNMENTS and the SCHEDULE.
  2. STUDY This is a difficult course! There is an old rule of thumb concerning studying for college courses: on average students should study TWO hours for every ONE hour of class. Since this is a 3 credit-hour course you should plan to study microeconomics 6 hours per week. This is an average, which means some courses require more study time and some less. You may find that economics requires more. Don't try to skip the textbook reaqding or the assigned videos or you may be retaking the course.
  3. BEFORE CLASS EACH DAY: (a) watch the video lectures, (b) read the assigned readings, and (c) ewview the lesson outcomes See ASSIGNMENTS for the daily assignments.
  4. READ THE BOOK! Passive reading of the textbook is not very helpful. Read with a pen in your hand and a notebook on which to list, repeat, copy, calculate, etc. ALSO, pay close attention to the TABLES and GRAPHS. THEY ARE IMPORTANT. Many students do not read the textbook and many students fail the class or withdraw. I believe the two are related.
  5. WATCH THE VIDEOS! You will find thenm useful.
  6. ATTEND CLASS Come to class each day and come prepared to work. Your instructor will review the material from the textbook, add additional material, and answer questions. Come to class with your questions and problems. While in class TAKE NOTES and lots of them! We will go fast. If you want something repeated, ASK. NO CELL PHONES can be used in class.
  7. DO PROBLEMS. If you don't do the problems you will do poorly on the quizzes and exams.
    Begin with the REQUIRED ACTIVITIES (since you earn points for doing them) and the YELLOW PAGES. Then, do other exercises that can be found in the STUDY GUIDE (see ASSIGNMENTS) and the EXAM REVIEW link on Blackboard.
  8. GET HELP See the instructor duing office hours.. This should be done EARLY in the semester. Or, ask questions in class and on the Blackboard Discussion Board. The Tutoring Center also offers help. You may also want to make use of SUCCESS SERVICES FOR STUDENTS AT HARPER COLLEGE (see below).
  9. APPLY the concepts learned in class to the "real world" including issues in the news and aspects of your personal life.


Make the most of your college experience this spring by visiting Success Services for Students. Be aware of your academic needs and work to effectively change behaviors to improve academic success. Schedule an appointment for one of the following free sessions: Study Skills, Test Taking Tips, Time Management, Memory, Motivation, Test Anxiety, Reading Strategies, Math Strategies, Note Taking Skills, Concentration, Study Behavior Inventory, Learning Styles, Test Performance Analysis, Accounting Tips, Economics Tips and Preparing for Finals, Online Study Tips, and our new Economics Tips session.

For more information or to schedule an appointment stop by F332, call 847.925.6715 or email: success@harpercollege.edu. See: http://www.harpercollege.edu/academicsupport


The numbers (1a, 1b, 2a, etc.) in this calendar refer to Daily Lessons that can be found on the assignments web page. There you will find the reading and video assignments. Click on the date and lesson number to go directly to the assignments for that lesson.





1/13- 1a

1/15 - 1b

1/20 - 1c

1/22 - 1d
- Online Syllabus Quiz

1/27- 2a
- Quiz 1

1/29 - 3a


2/3 - 3b

2/5 - 3c

2/10 - 20a
- Paper 1 due
- Quiz 2

2/12 No school

2/17 - 20b

2/19 - 5a
- Quiz 3

2/24- 5b

2/26 Review


3/3 - Exam 1

3/5 -12a

3/10- 12b
- last day for paper 1 rewrites

3/12 - 9a
- Paper 2 due
- Quiz 4

3/17 - 9b

3/19 - 7a

3/24 Spring Break

3/26 Spring Break

3/31 - 8a




4/2 - 22Wa

4/7 - Exam 2

4/9 - 14a

4/14 - 15a
- last day for paper 2 rewrite

4/16 - 16a
- Quiz 5

4/21 - 16b

4/23 - 10a
- Paper 3 due

4/28 - 13a

4/30 - 13b


5/5 Review

5/7 - Exam 3
- last day for paper 3 rewrite

5/12 - Final Exam 9:55-11:40








Click on the dates above for the daily videos, textbook readings, and lesson outcomes.


  • Paper 1 - Supply and Demand - Tue., 2/10
    Last day for rewrites: 3/10
  • Paper 2 - Agg. Demand and Agg. Supply - Thur., 3/12
    Last day for rewrites: 4/14
  • Paper 3 - Monetary Policy - Thur., 4/23
    Last day for rewrites: 5/7

For more information on the papers see:


  • Quiz 1, Scarcity and the 5Es - Tue., 1/27
  • Quiz 2, Ch. 3 - Supply and Demand - Tue., 2/10
  • Quiz 3, Ch. 20 - Comparative Advantage - Thur., 2/19
  • Quiz 4, Ch. 12 - Agg. D. and Agg. S - Thur., 3/12
  • Quiz 5, Ch. 15 - Money Creation - Thur., 4/16


  • Syllabus Quiz, on, or before, Thur., 1/22
  • Exam 1: Tue., 3/3
  • Exam 2: Tue., 4/7
  • Exam 3: Thur., 5/7
  • Final Exam: Tues., 5/12
    9:55-11:40 in room J-253


Accessibility Statement / Access and Disability Services: Your success in this class is important to me. If you have a disability (learning, physical, psychological or other) and may require some accommodation or modification in procedures, class activity, instruction, requirements, etc. please contact me early in the semester so we can refer you to ADS who will discuss and arrange for reasonable accommodations. The Access and Disability Services department is in the Building D, D119, 847.925.6266 or TTY (847) 397-7600

Equal Opportunity Statement: William Rainey Harper College provides equal opportunity in education and does not discriminate on the basis of race, color, religion, national origin, age, marital status, sexual orientation, or disability.

Student E-mail Notifications: All notifications related to student registration or other business activities are sent to students via a G-mail account that is assigned to students upon registration. Students access the G-mail account via an icon in the student portal (where you registered for classes). Please check this e-mail frequently. To forward e-mails from this account to a personal e-mail account please follow the instructions for forwarding Harper e-mail available at http://harper.blackboard.com/  

Academic Honesty Policy

Harper College is strongly committed to the promotion of high ethical standards. Such standards can best be accomplished in an environment where honesty and integrity are practiced. For this reason the College strongly condemns academic dishonesty. Academic dishonesty includes cheating, plagiarism or other improper appropriation of another’s work as one’s own and falsifying records to advance one’s academic standing.

Cheating includes but is not limited to copying answers, stealing and/or disseminating tests or answer keys, using someone else’s data in preparation of reports or assignments, and assisting others in such practices.

Plagiarism involves the presentation of another person’s words, ideas, or work as one’s own. It includes but is not limited to copying any material (written or non-written) without proper acknowledgment of its source, and paraphrasing another’s work or ideas without proper acknowledgment.

Falsifying records includes but is not limited to falsifying or improperly altering college records and documents, or knowingly supplying false or misleading information to others (e.g., the College, other educational institutions, or prospective employers).

Any form of academic dishonesty as defined by the faculty member or department is a serious offense requiring disciplinary measures. Discipline for academic dishonesty involving a specific course shall be first determined by the instructor of the course and may include failure of the specific assignment, project or test, or failure of the course. The student may appeal the instructor’s decision in accordance with the College’s Student Academic Complaint Procedures. In cases of academic dishonesty the faculty assigned grade supersedes a student-initiated withdrawal. In cases where disciplinary measures beyond course failure may be deemed appropriate by the instructor, or dishonesty that is not related to a specific course, the student may be disciplined in accordance with the Student Conduct Policy with the appropriate vice president involved in the decision.