William Rainey Harper College MACROECONOMICS! MACROECONOMICS IN THE GLOBAL ECONOMY SYLLABUS -- Fall 2012 - Fast Track ~/~ Home ~/~ Syllabus ~/~ Schedule ~/~ Assignments ~/~ Lecture Outlines ~/~ Online Lectures ~/~ Blackboard ~/~ Textbook Website ~/~ ECO 212 FAST TRACK! INSTRUCTOR Mark Healy OFFICE: J-262 PHONE: Harper: 847-925-6352 Home: 815-728-1571 Cell: 815-861-7265 E-MAIL: mhealy@harpercollege.edu OFFICE HOURS: http://www.harpercollege.edu/mhealy/office/officehours.htm COURSE DESCRIPTION Almost every day we hear news reports of economic problems and economic 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. Such programs are often considered part of a process called GLOBALIZATION. 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. We will study these macroeconomic issues in an international context to try to understand the economic reforms many countries are undertaking. You will use a textbook, study guide, and internet websites as your source of course content. You will also use the internet to communicate with the instructor and with each other, and to submit assignments. TEXTS [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:   Macroeconomics by Campbell R. McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2012 ISBN: 9780077337728  Textbooks can be bought or rented at the Harper College Bookstore (L building) or online at: http://www.harperstore.com buy new for $186 plus sales tax [Students can sell the book back for up to 50% ($93) of what they paid, (total coat = $186 - $93 = $93)] buy used for $140 plus sales tax [Students can sell the book back for up to 50% ($70) of what they paid, (total cost = $140 - $70= $70)] rent for $84 and pay NO sales tax. OR You can purchase the ebook at http://www.coursesmart.com/ for about $97.50 (Do a search using the ISBN number above.) Students can also rent the book for about $42 plus $5 shipping from http://www.chegg.com REQUIRED:   Study Guide For Macroeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012   The Study Guide can be bought at the Harper College Bookstore (L building) or online at: http://www.harperstore.com ISBN 978-0-07-733796-4 Cost about $56 plus tax  OR The Study Guide is also available in an online version for $15 To Purchase: Go to: http://highered.mcgraw-hill.com/sites/0077337727/information_center_view0/ and click on "First Time Users" (see figure below)   Click on "I am a Student" Then, in the right column you can buy the online version of the Study Guide by clicking on BLACKBOARD 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", If you need help see the Student Service Desk link below the Login button.. After you log in you should see "ECO 212 F01 - MACROECONOMICS (Fall 2012)" If you do not see the "ECO 212 F01 - MACROECONOMICS (Fall 2012)" section listed, please e-mail the instructor at mhealy@harpercollege.edu  Students are responsible for the information provided via the Blackboard announcements. Remember to click on the "View All" tab.  E-MAIL When e-mailing your instructor always put "ECO 212 Fast Track" 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. TEXTBOOK WEBSITE  http://www.mcconnell19e.com, click on "Macroeconomics", then click on "Online Learning Center - Student Edition" in lower left-hand corner   DISCUSSION BOARD Use the Discussion Board for any questions which might be of use to other students - like asking a question in class. Do not ask such questions via e-mail. If you use the Discussion Board everyone can "hear" the answer. Since we do not use the discussion board a lot, it is strongly suggested that you SUBSCRIBE to the discussion board thread so that you get an e-mail whenever a new message is posted. Just click on the "Discussion Board" link, click on "STUDENT QUESTIONS", then click on the "Subscribe" button.   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 the class web page.  ACTIVITY INFORMATION POINTS 1 syllabus quiz 5 points, taken onlineon Blackboard 5 points 12 Required Activities The Required Activities are found on our Blackboard site under the "CHAPTERS - BEGIN HERE" link. They are usually quizzes of about 20 questions - mostly 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. 24 points 5 online quizzes 10 multiple choice questions (5 points each) on Blackboard 25 points Unit 1 exam 40 multiple choice questions 40 points Unit 2 exam 40 multiple choice questions 40 points Unit 3 exam 40 multiple choice questions 40 points | | TOTAL: 174 POINTS Letter grades: 90%=A, 80%=B, 70%=C, 60%=D, below 60%=F EXAMS There will be three exams. Exams 1 and 2 will have 40 multiple choice questions. The unit 3 exam will be combined with the comprehensive final which will consist of 80 multiple choice questions. Each exam will have a three point extra credit essay question. QUIZZES The five quizzes are online at our Blackboard site and they will be taken at home via the internet. They consist of 10 multiple choice questions each and will be worth 5 points per quiz. They can be attempted ONLY ONCE (i.e. you must finish the 10 questions the first time you access them), but there is no time limit. REQUIRED ACTIVITIES For each chapter you will need to complete the online "Required Activity". These can be found on Blackboard under the "CHAPTERS - BEGIN HERE" link. The Required Activity for each chapter are worth two points each. You can do them as many times as you wish and only the highest score will be recorded. Most Required Activities are twenty multiple choice questions. The required activities must be done by the date on the class schedule. SURVEY QUESTION For each chapter there is a SURVEY QUESTION found on Blackboard under the "CHAPTERS - BEGIN HERE" link. Do these first, before reading or studying. They are designed to hopefully be fun, and to give you an idea of the types of issues that will be addressed in the chapter. BRIEF COURSE OUTLINE The exact reading assignments can be found on the Blackboard Assignments link. See the link before you begin 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. 5 Market Failure and The Role of Government in a Market Economy Ch. 20 Efficiency, Specialization, and Exchange (Trade) 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: http://highered.mcgraw-hill.com/sites/dl/free/0077337727/883829/mcc37727_ch22W_001_020.pdf or on the Textbook Website UNIT 3- -MACROECONOMIC POLICY Ch. 10, 13 Fiscal Policy Ch. 14 What is Money? What is the "Fed"? Ch. 15 How Banks Creat Money Ch. 16 Monetary Policy NOTE: We jump around the book a bit. Often a "chapter" will be only partial and/or it will include pages from other chapters. The exact reading assignments can be found on the Assignments link. See the link before you begin reading. This outline may be changed. All changes will be posted on the Blackboard announcements and announced via e-mail. HOW TO PASS ECONOMICS This is a difficult course! There is an old rule of thumb concerning studying for college courses: on average during a regular 16 week semester, students should attend class 3 hours a week and they should study outside of class TWO hours for every ONE hour of class (three hours of "class" PLUS 2 x 3 hours of studying = 9 HOURS A WEEK). Since this is a FIVE- WEEK Fast-track class this means that you should plan for even more time. 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: Read the textbook and the online lectures. We will not have time to cover everything in class. Passive reading of the textbook and online lectures 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. Do problems. The ASSIGNMENTS link will list the problems from the Study Guide that you are responsible for in each unit. DO THEM ALL. If you can't do a problem ask about it in class or use the Discussion Board. There are also selected questions from the testbook webite's Worked Problems and Web Quizzes, and the textbook's End-of-Chapter Questions and Problems. Also, be sure to understand the Required Activity problems. There are more practice problems in the Yellow Pages and on the Blackboard Exam Review link. When doing the multiple choice questions in the printed 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. Ask the instructor for assistance. This can be done on the Discussion Board, via e-mail, or by phone. Try to APPLY the concepts learned in class to the "real world" including issues in the news and aspects of your personal life. SCHEDULE Thursday 8/23 Before Class complete syllabus quiz (see the link on Blackboard). complete chapters 1, 2, 3 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Surveys read the assigned pages in the textbook, read the online lecture, do the Required Activities Practice what you have studied by doing the assigned problems in the Study guide and prepare questions for class After Class complete online quiz 1 - The 5 Es Thursday, 8/30 Before Class complete chapters 3, 5, and 20 from unit 1 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Surveys read the assigned pages in the textbook, read the online lecture, do the Required Activities complete chapters 6 and 12 from unit 2 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Surveys read the assigned pages in the textbook, read the online lecture, do the Required Activities Practice what you have studied by doing the assigned problems in the Study guide and prepare questions for class During Class 20 point exam on chapters 1 and 2 After Class complete online quiz 2 - Chapter 3, Supply and Demand complete online quiz 3 - Chapter 20, Trade complete online quiz 4 - Chapter 12, AS/AD. Thursday 9/6 Before Class complete chapters 9, 7, 8, and 22W from unit 2 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Surveys read the assigned pages in the textbook, read the online lecture, do the Required Activities Practice what you have studied by doing the assigned problems in the Study guide and prepare questions for class During Class 20 point exam on chapters 3. 5, and 20 Thursday, 9/13 Before Class complete chapters 10, 13, 14, and 15 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Surveys read the assigned pages in the textbook, read the online lecture, do the Required Activities Practice what you have studied by doing the assigned problems in the Study guide and prepare questions for class During Class 40 point Exam Unit 2 - Chapters 6, 12, 9, 7, 8, 22W After Class Complete online quiz 5 - Chapters 10 and 13, Fiscal Policy Thursday 9/20 Before Class Complete chapter 16 - see the "CHAPTERS - BEGIN HERE" link on Blackboard do the Survey read the assigned pages in the textbook, read the online lecture, do the Required Activity Practice what you have studied by doing the assigned problems in the Study Guide and prepare questions for class. During Class 40 point Exam Unit 3 - Chapters 10, 12, 14, 15, 16

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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.

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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.