William Rainey Harper College

MACROECONOMICS

IN THE GLOBAL ECONOMY

SYLLABUS

Fall 2015

~/~ Home ~/~ Syllabus ~/~ Schedule ~/~ Lecture Outlines ~/~ Lessons ~/~ Papers ~/~ Textbook Website ~/~ Online Lectures ~/~ Blackboard ~/~

ECO 212-003
(Monday/Wednesday, 12:30-1:45, J-253)

GENERAL INFORMATION

COURSE MATERIALS

Brief list:

  • Required Textbook: Macroeconomic by Campbell R. McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2012 (Be sure to get the 19th edition.)
  • Required Online Videos: Tomlinson Videos on Thinkwell
  • Required Yellow Pages, (Free, distributed in class and available on our Blackboard site)
  • Recommended Textbook Study Guide: Study Guide For Macroeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012

Details:

[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.]

REQUIRED:

 

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

 

  • For various online sources (often cheaper) click HERE and scroll down.

    OR

  • Textbooks can be bought or rented at the Harper College Bookstore (L building) or online at: http://www.harperstore.com

REQUIRED:

 

BUYING the Tomlinson Videos on ThinkWell
(
Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number.)

  • Go to: http://www.thinkwell.com
  • Click on "Register" in the upper right corner
  • In the "Classroom and Distance Learning" area use the pull-down menu to select your state: "Illinois"
  • Use the pull-down menu to select your school: "Harper College"
  • Use the pull-down menu to select your class:
  • Click on
  • Then click on Checkout to purchase the $49, twelve-month subscription.
  • Follow the instructions to enter the required fields.
  • Next time you go to Thinkwell.com click on the "Sign In" button to enter your username and Password.

USING the Tomlinson Videos on Thinkwell:

  • VIDEO LOGIN is a link to sign into the Tomlinson video lectures that you must purchase online. Assigned video lectures are listed on the LESSONSS page with a numbering system that looks like: 1.1.1, 1.1-2, 2.1.1, etc.
  • Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number.
  • Note that each video can be watched FULL SCREEN.
  • Also, for each video you will have access to a "Thinkwell Excercise" of from six to fifteen multiple choice review questions, as well as Video Transcripts. The exercises are quite useful.

Finally, you will want to have the VIDEO NOTES handy when you are watching the videos

REQUIRED:

The Yellow Pages are packet of worksheets We will do most of the graphing exercises in class and some of the Quick Quizzes. You will not get points for doing them, but I think you will find them very useful while you prepare for the quizzes and exams.

The Yellow Pages, with answers, are available to you for free on class or on our Blackboard site.

RECOMMENDED:

 

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

 Printed:

  • For various online sources (often cheaper) click HERE and scroll down.

    or

  • 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

     

Online:

COURSE DESCRIPTION

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.

For more information see: The 5Es of Economics

BLACKBOARD

All students must log-in to our Blackboard website, study the syllabus, and take the required 5-point, online, "Syllabus Quiz".

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 212-003 - MACROECONOMICS (Fall 2015)" in the "My Courses" box. If you do not please e-mail the instructor: mhealy@harpercollege.edu 

E-MAIL

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. All correspondence in this class will be sent to your Harper e-mail account.

GRADING

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. 

ACTIVITY

INFORMATION

POINTS

1 syllabus quiz

5 points, taken online (Blackboard)

5 points

16 Required Activities

The Required Activities are online (Blackboard) chapter review quizzes of about 20 questions - usually multiple choice. 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.

32 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 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" or an "10", 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. NOTE: the third paper must be handed in BEFORE the final exam.
  4. 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 comprehensive unit exams

Unit 1: 40 points
Unit 2: 45 points
Unit 3: 50 points

135 points

Comprehensive Final Exam

80 multiple choice questions, COMPREHENSIVE

80 points

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TOTAL: 322 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 usually consist of about 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.

Exams (NOTE: All exams are compreshensive)

  • Comprehensive Unit Exams (135 points): There will be three in-class unit exams. The unit 1 exam will consist of 40 multiple choice questions and a three point extra credit essay question. The exam for unit 2 will have 45 questions (40 from unit 2 and 5 from unit 1) and a three point extra credit question. The exam for unit 3 will have 50 questions (40 from unit 3 and 10 from units 1 and 2) 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.
  • Comprehensive 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 (see link on Blackboard) BEFORE the unit exam. The number of questions will be the same as the unit exams. They will be comprehensive and they will have a three-point extra gredit short answer question.
  • 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 four units.

MAKE-UP POLICY

Exams:
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.

Papers:

  • 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, but the paper can still be handed in before the fianl due date. Remember. papers are either graded an "F" (1-3 points) or an "A" (10 points). Hand your papers in on time!

COURSE OUTLINE: MACROECONOMICS IN THE GLOBAL ECONOMY

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

UNIT 1 - WHAT IS ECONOMICS and GLOBALIZATION

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

UNIT 2 - INTRODUCTION TO MACROECONOMICS

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:

UNIT 3- -MONETARY POLICY

Ch. 14

The Money Market

Ch. 15

How Banks Create Money

Ch. 16

Monetary Policy

UNIT 4- -FISCAL POLICY

Ch. 10

The Spending Multiplier

Ch. 13

Fiscal Policy

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

 

ATTENDANCE POLICY

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.

HOW TO PASS ECONOMICS

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. This is an average, which means some courses require more study time and some less. You may find that economics requires MORE.

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 LESSONS 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.
  3. BEFORE CLASS EACH DAY: (a) watch the video lectures, (b) read the assigned readings, and (c) take the prequiz. See LESSONS 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! Passive watching of the video lectures is not very helpful either. Most of the Tomlinson videos have an online review quiz (Thinkwell Exercise), transcripts, and lecture notes. Use them. Also, I have watched each of the assigned video lectures and taken my own notes. These VIDEO NOTES XXXX are available on our Blackboard site. Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number. Many students do not watch and many students fail the class or withdraw. I believe the two are related. Students have told me that the videos are VERY HELPFUL. If you want a good grade then watch the videos.
  6. ATTEND CLASS Come to class each day and come prepared to work. You will get a lot of your studying done during class. Please don't be late. 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.
    Many are available on our Blackboard site. 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 PRACTICE EXERCISES section of the Blackboard menu. Also, there are review quizzes (THINKWELL EXERCISES) for most of the online video lectures (VIDEO LOGIN).
  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.

LEARN TO STUDY SMARTER: SUCCESS SERVICES FOR STUDENTS AT HARPER COLLEGE

Make the most of your college experience this semester 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  

DAILY SCHEDULE OF LESSONSS

August
September
October
November
December

Mon.
Wed.

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8/24- 1a

8/26 - 1b

8/31 - 1c

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Mon.
Wed.

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9/2 - 1d
- Syllabus Quiz due

9/7 Labor Day

9/9- 2a
- Quiz 1

9/14 - 3a

9/16 - 3b

9/21 - 3c

9/23 - 20a
- Paper 1 due
- Quiz 2

9/28 - 20b

9/30 - 5a
- Quiz 3

Mon.
Wed.

10/5- 5b

10/7 Review

10/12 - Exam 1

10/14 -12a

10/19- 12b
- last day for paper 1 rewrite

10/21 - 9a
- Paper 2 due
- Quiz 4

10/26 - 9b

10/28 - 7a

Mon.
Wed.

11/2 - 8a

11/4 - 22Wa

11/9 - Exam 2

11/11 - 14a

11/16 - 15a
- last day for paper 2 rewrite

11/18 - 16a
- Quiz 5

11/23 - 16b

11/25 Thanksgiving

11/30 Exam 3

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Mon.
Wed.

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12/2 - 10a
- Paper 3 due

12/7- 13a

12/9- 13b - last day for paper 3 rewrite

12/14 - Final Exam - 1:45-3:30
-Study Guide

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NO QUIZZES:

August
September
October
November
December

Mon.
Wed.

|

|

|

|

8/24- 1a

8/26 - 1b

8/31 - 1c

|

Mon.
Wed.

|

9/2 - 1d
- Syllabus Quiz due

9/7 Labor Day

9/9- 2a

9/14 - 3a

9/16 - 3b

9/21 - 3c

9/23 - 20a
- Paper 1 due

9/28 - 20b

9/30 - 5a

Mon.
Wed.

10/5- 5b

10/7 Review

10/12 - Exam 1

10/14 -12a

10/19- 12b
- last day for paper 1 rewrite

10/21 - 9a
- Paper 2 due

10/26 - 9b

10/28 - 7a

Mon.
Wed.

11/2 - 8a

11/4 - 22Wa

11/9 - Exam 2

11/11 - 14a

11/16 - 15a
- last day for paper 2 rewrite

11/18 - 16a

11/23 - 16b

11/25 Thanksgiving

11/30 Exam 3

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Mon.
Wed.

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12/2 - 10a
- Paper 3 due

12/7- 13a

12/9- 13b - last day for paper 3 rewrite

12/14 - Final Exam - 1:45-3:30
- Study Guide

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LAST DAY TO DROP THE CLASS: Sunday, 11/22

DUE DATES:

Papers:

  • Paper 1 - Supply and Demand - Wed., 9/23
    Last day for rewrites: 10/19
  • Paper 2 - Agg. Demand and Agg. Supply - Wed., 10/21
    Last day for rewrites: 11/16
  • Paper 3 - Monetary Policy - Wed., 12/2
    Last day for rewrites: 12/9

For more information on the papers see:
http://www.harpercollege.edu/mhealy/eco212/macpaper.htm

Quizzes:

  • 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

Exams:

  • Syllabus Quiz, on, or before, Wed., 9/2
  • Exam 1: Mon., 10/12
  • Exam 2: Mon., 11/9
  • Exam 3: Mon., 11/30
  • Final Exam: Mon., 12/14
    11:45-3:30 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.