Principles of Macroeconomics Syllabus for 2023-2024
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Course Information

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Course

ECON-2301-DC011 Principles of Macroeconomics

Prerequisites

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.

Student ResourcesStudent Resources Website

Department Expectations

In this course, you are expected to read all assigned materials and agree to abide by the rules and guidelines presented in the department academic integrity policy; by submitting an assignment, you acknowledge this policy. https://drive.google.com/file/d/1VG1NSpxZzc8HDz_ElcnwYALIMYy-tCSl/view?usp=drive_link

Occupational License Disclaimer

Notice to Students enrolled in an educational program for preparation of issuance of certain occupational licenses:

Students enrolled in an educational program in preparation for obtaining certain occupational licenses are potentially ineligible for such license if the student has been convicted of an offense. For further information, please contact:

Melodie Graves
Justice Involved Advocate
Student Service Center 117
mgraves24@actx.edu
806-371-5995
Make appointment at https://melodiegraves.youcanbook.me

You can also contact the Legal Clinic, or the faculty member in charge of the educational program that you seek to enroll in. The further information you will receive will include notification to you of your right to request a criminal history evaluation letter from the licensing authority in order to clarify your particular situation.

Hours

(3 sem hrs; 3 lec)

Class Type

Dual Credit Course

Syllabus Information

Textbooks

The textbook required for this course is Principles of Macroeconomics 23e by Campbell McConnell, Stanley Brue, and Sean Flynn. The ISBN for this textbook is 1266748245.

Note: You will need the version of the textbook that includes the access code for Connect as this is where you will complete the majority of your coursework.

Supplies

Student Performance

1. Define economics, including the nature of the economics problem, and identify the fundamental questions concerning economics.
2. Construct a production possibility curve and describe how it illustrates basic economic concepts.
3. List the economic functions of the government. Identify the major kinds of taxes and the major expenditures of federal, state, and local governments.
4. Identify the major elements of the national income accounting system and adjust GNP for changes in the price level.
5. Describe the phases of the business cycle. State the types and costs of inflation and unemployment.
6. Identify the Classical and Keynesian theories of employment.
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, the effect of supply-side shocks on the curve, and two policy options for solving stagflation. 
9. Identify the supply and demand of money, illustrate how banks create 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 U.S. balance of payment problem and possible policy solutions.

At the completion of the course you should show at least a minimum of 60% competency on the learning objectives listed in this syllabus.

Students Rights and Responsibilities

Student 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

It is important for you to check BlackBoard regularly, take good notes, participate in discussion, and complete all assignments. You should read the material before attempting the assignments. 

Grading Criteria

I will determine your final grade with the following:

1. Exams (highest 3 of 4 exam grades): 40%

2. Homework (lowest 2 assignments dropped): 35%

3. Economics Essay: 15% 

4. SmartBook Readings (lowest 2 assignments dropped): 10%

All assignments and exams have strict deadlines. If you submit any work after the deadline, you will receive a zero for that assignment.

I encourage you to study with a classmate or with a study group. Do not cheat. If you cheat or the work you submit is not your own, you will receive a zero.

I do not give extra credit.

Attendance

Your final course grade will consist of an average of:

• A = 100 to 89.5
• B = 79.5 to 89.4
• C = 69.5 to 79.4
• D = 59.5 to 69.4
• F = 59.4 and below

Calendar

Additional Information

Note - You may use a calculator, one normal notebook sheet of paper (front and back) of notes, and blank scratch paper on exams. No other items are permitted!

*SmartBook Readings are a required portion of your course grade.