Principles of Economics I Syllabus for 2011-2012
Return to Syllabus List

Instructor Information

Course Information

Recording Policy

Disability Statement

Any student who, because of a disabling condition, may require some special arrangements in order to meet course requirements should contact disAbility Services (Student Service Center room 119, phone 371-5436) as soon as possible.

Statement for Mental Health and Advocacy & Resource Center:

As a student you may experience a range of issues that can cause barriers to learning, such as strained relationships, increased anxiety, alcohol/drug problems, feeling down, difficulty concentrating and/or lack of motivation. These mental health concerns or stressful events may lead to diminished academic performance or reduce a student's ability to participate in daily activities. Amarillo College offers services to assist you with addressing these and other concerns you may be experiencing. If you or someone you know are suffering from any of the aforementioned conditions, you can learn more about the broad range of confidential mental health services available on campus by calling the AC Counseling Center at 806-371-5900. The AC Counseling Center website is https://www.actx.edu/counseling/ . Also, if you are in need of social services (affordable housing, utilities, transportation, food, clothing, childcare, medical/dental/vision, legal), please call the AC Advocacy & Resource Center at 806-371-5439. The AC Advocacy & Resource Center website is https://www.actx.edu/arc

Amarillo College Tutoring for Success Policy:

Administrative Drop Policy

N/A

Student Withdrawal Procedures

N/A

Privacy Statement

The Amarillo College Privacy Policy is found at https://www.actx.edu/-amarillo-college-privacy-notice , and applies to all Amarillo College students.  If you have questions about this privacy statement or you believe that your personal information has been released without your consent, send email to humanresources@actx.edu .

Course

ECON-2301-026 Principles of Economics I

Prerequisites

RDNG 0331-minimum grade of C or a score on a state-approved test indicating college-level reading skills

Course Description

Analysis of the economy as a whole, national income, money and banking, public finance, international trade and related current problems; macroeconomics.

Student Resources Student Resources Website

Department Expectations

\N

Occupational License Disclaimer

Hours

(3 sem hrs; 3 lec)

Class Type

On Campus Course

Syllabus Information

Textbooks

Economics Today, 16th Edition, by Roger LeRoy Miller
Pearson/Addison Westley

ISBN# 13:9780132772747

Supplies

\N

Student Performance

Define Economics, state the nature of the “Economic Problem”, and identify the five fundamental Economic questions.

\
1. Construct a production possibilities curve and describe how it illustrates basic Economic concepts.
\
2. List the economic functions of the Government. Identify three major kinds of taxes and also the major expenditures of Federal, State, and Local Governments.
\
3. Identify the major elements of the National income accounting system and adjust GNP for changes in the price level.
\
4. Describe the phases of the business cycle. 
\
5. State the types and costs of inflation and unemployment.
\
6. Identify the Classical and Keynesian Theories of employment and the following related models: leakages-injections, expenditure-output, and the aggregate demand-aggregate supply model.
\
7. Select appropriate discretionary fiscal and monetary policies to solve the problems of inflation and unemployment; identify problems, criticisms and complications associated with each policy.
\
8. Describe a Phillips curve and the effect of supply-side shocks to the economy.
\
9. Identify the supply and demand of money, illustrate how banks crate money, and describe the structure of the Federal Reserve System.
\
10. State the law of comparative advantage and the cases for free trade and for protection.
\
11. Describe three international exchange rate systems, the international balance of payments system, and the current United States balance of payments problem and possible policy solutions.
\

By the end of the semester the student will be able to satisfactorily complete all of the learning objectives listed below with a minimum of 60% competency level based on the completion of examinations administered under the supervision of the instructor.

Students Rights and Responsibilities

Log in using the AC Connect Portal

In order to receive your AC Connect Email, you must log in through AC Connect at https://acconnect.actx.edu .

If you are an active staff or faculty member according to Human Resources, use "Exchange". All other students, use "AC Connect (Google) Email".

Expected Student Behavior

Students are expected to floow all Amarillo College policies and procedures, as well as any policies given by the instructor.

If you are unable to complete this course, you should officially drop the course at the Registrar’s office. Withdrawal for nonattendance must be initiated by the student. Failure to do so will result in a grade of “F”. The last day to drop the class with a grade of “W” is APRIL 19, 2012.

Any student, who because of a disabling condition may require some special arrangements in order to meet course requirements, should contact Accessibility Services at L303- phone number 371-5436 as soon as possible.

Grading Criteria

The course will consist of two major exams and a final examination. Each examination will count 1/3 of the total grade. Should an emergency occur, one major examination may be made up.  The missed examination must be completed by the next scheduled class period, unless special permission is obtained from the instructor in advance.  The final cannot be made up or rescheduled.  If the student has a legitimate reason acceptable to the college, they may apply to the college for an incomplete if they are unable to take the final examination at the scheduled time.  Proper paperwork must be filled out and submitted to the college prior to the final examination.  The instructor reserves the right to subjectively influence the final grade of the student relative to class attendance, student attitude while involved in the class, and student participation in the class.  Examinations will be as scheduled in the syllabus unless notice of a change is given by the instructor at least one week in advance. 

Attendance

The student is expected to attend all classes unless prior arrangements have been made with the instructor.  Assignments and tests are as listed in the syllabus unless changed one week in advance by the instructor.  All reading assignments should be completed prior to assigned examination dates.  It is recommended, but not required, that the student record lectures in order to facilitate their preparation for examinations.  The student is responsible for all information covered.  If the student misses a class it is their responsibility to make arrangements to acquire the missed information.  It is important for all students to be in class on time and prepared to take notes.  The classroom door will be closed ten (10) minutes after the start of class.

Calendar

Additional Information

\N