GENERAL INFORMATION
Office Hours:
See: http://www.harpercollege.edu/mhealy/office/officehours.htm
TEXTS
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- Macroeconomics by Campbell
R. McConnell and Stanley L. Brue, 16th
edition, McGraw-Hill, 2005
- Study Guide to Accompany McConnell
and Brue Macroeconomics by Bingham
and Walstad, McGraw-Hill, 2005
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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 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.
BLACKBOARD
All students must log-in to our BlackBoard
website, study the syllabus, and take the required
5-point, online, "Syllabus Quiz" before Thursday, Aug.
31.
GRADING
The final grade for the class will be awarded
according to the following point system:
- Online Syllabus Quiz (must be taken
before Thursday, Aug. 31. go to http://harper.blackboard.com
, 5 points)
- Quizzes (5 quizzes, 10 points each) 40
points [lowest quiz score will be
dropped]
- 3 unit exams (40 points each, 40 multiple
choice questions) 120 points
- Final Exam (Comprehensive, 80 multiple
choice questions ) 80 points
Letter grades: 90%=A, 80%=B, 70%=C, 60%=D, below
60%=F
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.
Quizzes:
Since only four of the five quizzes will be
included in the final point total, there should be
little need to take a quiz at a time other than the
scheduled class time.
COURSE OUTLINE:
MACROECONOMICS IN THE GLOBAL ECONOMY
NOTE: Do not use this outline as your
reading assignments. For the exact reading assignments
see: http://www.harper.cc.il.us/mhealy/eco212/assign/assign.htm
UNIT 1
Part 1 Why is the World Moving to
Capitalism?
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23W *
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Transition Economies: Russia and China
- An Intro. to the Global Economy
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Ch. 4
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The Market System
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Ch 1, 2
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Introduction to Efficiency and to the
Study of Economics
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* Chapter 23W is online at:
http://www.mcconnell16.com
Part 2 How Capitalism Works
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Ch. 3
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Efficiency and Markets: Supply and
Demand
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Ch. 5
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Efficiency, Equity, and the Role of
Government
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Ch. 6, 20
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Efficiency, Specialization, and
Exchange (Trade)
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UNIT 2
Unemployment, Inflation, and Economic
Growth
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Ch 5
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Government Finance
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Ch. 11
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A Model of the Macro Economy: AS and
AD
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Ch. 8
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Introduction to Economic Growth and
Instability: UE, IN, & EG
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Ch. 7
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Measuring Domestic Output
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Ch. 17
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Economic Growth
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Ch 22W *
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The Economics of Developing
Economies
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* Chapter 22W is online at:
http://www.mcconnell16.com
UNIT 3
Fiscal and Monetary Policy
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Ch. 12
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Fiscal Policy and the Multiplier
Process
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Ch. 13-15
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Monetary Policy
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NOTE: This outline may be changed! Regular class
attendance is needed since changes will be announced in
class.
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:
- 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.
- Attend class. 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.
- Do problems. The "assignments"
web page lists the assigned problems from the textbook
and Study Guide. DO THEM ALL. If you can't do a
problem ask about it in class or you will do poorly on
the quizzes and exams. You will find additional
problems on the "review"
web page
- When doing the multiple choice questions in the
Study Guide, it is suggested that you do NOT circle
the answers in the book. Rather, write the letter of
the answer that you selected on a separate sheet of
paper. There are two reasons for doing this: (1) it is
easier to grade them since all answers are listed
together at the end of the Study Guide chapters, and
(2) by not writing in the study guide you can go over
the questions again and again without having the
correct (or incorrect) answers already marked.
- See the instructor for assistance. This should be
done EARLY in the semester. The Tutoring Center also
offers help.
- Keep up. It is easy to get behind. To get a good
grade you will have to devote a significant amount of
out of class time to studying economics. If you get
behind there simply will not be enough time.
- Try to APPLY the concepts learned in class to the
"real world" including issues in the news and aspects
of your personal life.
SUMMARY OF IMPORTANT DATES
The following dates are TARGETS only. THEY CAN
BE CHANGED!. Any changes will be announced in class at
least one week before the scheduled date of the quiz,
exam, or paper and posted on the internet.
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SYLLABUS QUIZ
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Take the 5-point Syllabus Quiz at:
http://harper.blackboard.com/
[ECO 212-004-Fall 2006 - MAcroeconomics
(Healy)]
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Before Thur. Aug. 31
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QUIZ 1
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Intro/Ch. 1, 4, 23 :
(5Es, Economic Systems,
and Structural Adjustment Programs
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Tue. Sept. 5
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QUIZ 2
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Chapter 3: Supply and Demand
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Tue. Sept. 19
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QUIZ 3
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Ch. 6/ 20: Trade
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Tue. Sept. 26
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EXAM 1
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Unit 1
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Tue. Oct. 3
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QUIZ 4
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Chapter 11: AS / AD
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EXAM 2
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Unit 2
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Tue. Nov. 7
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LAST DAY TO DROP A CLASS
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Sat., Nov. 11
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No Classes
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Thanksgiving Break
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Nov. 23-24
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QUIZ 5
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Chapter 9, 12: Fiscal Policy
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Tue. Nov. 21
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EXAM 3
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Unit 3
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Thur., Dec. 7
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FINAL EXAM
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Comprehensive
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Tue., Dec. 12
9:55 - 11:40
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