Macroecon Syllabus

Course Syllabus
ECON 2301: Principles of Macroeconomics Fall 2016

(ONLINE)
Faculty: James Kemper, Assistant Professor of Economics
Office Hours: Wed 9:00am – 12:00pm, Tues and Thurs 4:00pm – 5:00pm, and Fri 9:00am – 12:00pm
Office: TC 208
Phone: (806)716-2957
Email: [email protected]
I. Textbook: Taylor, Timothy. Principles of Economics. Houston, TX: OpenStax College, March 2014.
*This is a free text book that you can download here:

https://www.openstaxcollege.org/textbooks/principles-of-economics If you would like to purchase a
physical book, the ISBN-10 is: 1938168232
II. Prerequisites: None. However, college algebra is strongly encouraged.
III. Course Description: 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.
IV. Purpose of the Course: Economics 2301, as taught at South Plains College, serves as a core component
for Social and Behavior Sciences and is a required course for Bachelor of Business Administration
(B.B.A.) degrees.
V. Student Learning Outcomes (SLOs):

Upon completion of the course the student will have demonstrated:
1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic
decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market
supply and demand curves on equilibrium price and output.
3. Define and measure national income and rates of unemployment and inflation.
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the
market economy.
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5. Define money and the money supply; describe the process of money creation by the banking
system and the role of the central bank.
6. 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.
7. Explain the mechanics and institutions of international trade and their impact on the macro
economy.
8. Define economic growth and identify sources of economic growth.
9. Address issues, policies, public opinions, expectations, environmental, and cultural changes that
affect industry, society, choices, and the current economic state.
VI. Grading Scheme and Course Assignments:
a) Grading Scheme
10 Chapter Study Guide Quizzes 250 points (75% of grade)
3 highest exams (including optional final): 750 points (25% of grade)
Total: 1,000 points (100% for the term)
b) Grading Scale
A = 900-1,000 points (90% - 100%)

B = 800-899 points (80% - 89%)
C = 700-799 points (70% - 79%)
D = 600-699 points (60% - 69%)
F = 0-599 points (0 - 59%)
c) Study Guide Quizzes

There will be ten study guide quizzes in the class. Each of the class discussions will be counted as
2.5% of your final grade (25% total). All quizzes will pertain to the chapter study guide, found in
blackboard, and will have ten questions. You will have 30 minutes to complete each quiz – which
will be ample time if you completed the study guide before beginning the quiz. Each quiz will be
due on Sunday, at midnight (EST), the week the quiz open ups.
*The study guide quizzes are meant to be a tool for you to help prepare for the major exams. In
order to do well on the quiz, it is imperative that you fill out the study guide before beginning the
quiz.
d) Exams
There are three exams in this course and an optional cumulative final exam. Each of the three
exams will be counted as 25% of your final grade (75% total), and the lowest exam can be replaced
with the grade of optional cumulative final exam. No make-up exams will be provided in any
cases. Any missed exam will be replaced with the grade of the cumulative final exam, no
exception. The instructor will announce the details prior to the exam.
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VII. Course Outline (a more detailed outline will be online):
Week Assignment(s) due

Dates Topics
by 11:59 on Sundays
Week 1 8/29 - 9/4 Chapter 1: Welcome to Economics! Class Introductions
Week 2 9/5 - 9/11 Chapter 2: Choice in a World of Study Guide Quiz 1

Scarcity
Week 3 9/12 - 9/18 Chapter 3: Demand and Supply Study Guide Quiz 2
Week 4 9/19 - 9/25 Chapter 19: The Macroeconomic Study Guide Quiz 3
Perspective
Week 5 9/26 - 10/2
EXAM 1
Week 6 10/3 - 10/9 Chapter 20: Economic Growth Study Guide Quiz 4
Week 7 10/10 - 10/16 Chapter 21: Unemployment Study Guide Quiz 5
Week 8 10/17 - 10/23 Chapter 22: Inflation Study Guide Quiz 6
Week 9 10/24 - 10/30 Chapter 25: The Keynesian Study Guide Quiz 7
Perspective
Week 10 10/31 - 11/6
EXAM 2
Week 11 11/7 - 11/13 Chapter 26: The Neoclassical Study Guide Quiz 8
Perspective
Week 12 11/14 - 11/20 Chapter 27: Money and Banking Study Guide Quiz 9
Week 13 11/21 - 11/27 Chapter 28: Monetary Policy and Happy Thanksgiving
Bank Regulation
Week 14 11/28 - 12/4 Chapter 30: Government Budgets Study Guide Quiz 10
and Fiscal Policy
Last Week 12/5 - 12/11
of Class EXAM 3
Final 12/12 - 12/15

Exams OPTIONAL FINAL EXAM
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VIII. South Plains College Policies:
a) Attendance
Students are expected to attend all classes in order to be successful in a course. The student may
be administratively withdrawn from the course when absences become excessive as defined in the
course syllabus. When an unavoidable reason for class absence arises, such as illness, an official
trip authorized by the college or an official activity, the instructor may permit the student to make
up work missed. It is the student’s responsibility to complete work missed within a reasonable
period of time as determined by the instructor. Students are officially enrolled in all courses for
which they pay tuition and fees at the time of registration. Should a student, for any reason, delay
in reporting to a class after official enrollment, absences will be attributed to the student from the
first class meeting.
b) Drops and Withdrawals

Students who stop attending a class should go through the procedure for dropping a course;
otherwise they may be administratively withdrawn for lack of attendance and their record will
show an “X” or “F” instead of a “W.” Failure to follow college policy by withdrawing according to
this procedure will be reflected on a student’s transcript by the presence of “X” or “F” marks, as
determined by the instructor. It is the student’s responsibility to verify administrative drops for
excessive absences through his or her student online account with Campus Connect.
c) Academic Integrity and Plagiarism

It is the aim of the faculty of South Plains College to foster a spirit of complete honesty and a high
standard of integrity. The attempt of any student to present as his or her own any work which he
or she has not honestly performed is regarded by the faculty and administration as a most serious
offense and renders the offender liable to serious consequences, possibly suspension.
d) Disability Services
Students with disabilities, including but not limited to physical, psychiatric, or learning disabilities,
who wish to request accommodations in this class should notify the Disability Services Office early
in the semester so that the appropriate arrangements may be made. In accordance with federal
law, a student requesting accommodations must provide acceptable documentation of his/her
disability to the Disability Services Office. For more information, call or visit the Disability Services
Office at Levelland (Student Health & Wellness Office) 806-716-2577, Reese Center (Building 8)
806-716-4675, or Plainview Center (Main Office) 806-716-4302 or 806-296-9611.
e) Student Privacy
South Plains College is bound by the Texas Open Records Law and the Family Educational Rights
and Privacy Act of 1974. Information regarding these topics can be found in the South Plains
College Catalog.
f) Blackboard Accessibility Standards

South Plains College is bound by the Texas Open Records Law and the Family Educational Rights
and Privacy Act of 1974. Information regarding these topics can be found in the South Plains
College Catalog.
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Course Syllabus

ECON 2301: Principles of Macroeconomics Fall 2016

*This is a free text book that you can download here:

II. Prerequisites: None. However, college algebra is strongly encouraged.

V. Student Learning Outcomes (SLOs):

VI. Grading Scheme and Course Assignments:

A = 900-1,000 points (90% - 100%)

c) Study Guide Quizzes

Week Assignment(s) due

Week 2 9/5 - 9/11 Chapter 2: Choice in a World of Study Guide Quiz 1

Week 7 10/10 - 10/16 Chapter 21: Unemployment Study Guide Quiz 5

Week 8 10/17 - 10/23 Chapter 22: Inflation Study Guide Quiz 6

Final 12/12 - 12/15

b) Drops and Withdrawals

c) Academic Integrity and Plagiarism

f) Blackboard Accessibility Standards

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