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COURSE OUTLINE OF RECORD

COURSE TITLE: Principles of Macroeconomics

COURSE NUMBER: ECON 201

PREREQUISITES: ENGL 111 English Composition and demonstrated competency through appropriate assessment or earning a grade of “C” or better in MATH 015 Fundamentals of Algebra I or MATH 023 Essentials of Algebra I or MATH 050 Basic Algebra or MATH 080

Mathematics Principles with Algebra

SCHOOL: Liberal Arts and Sciences

PROGRAM: Liberal Arts

CREDIT HOURS: 3

CONTACT HOURS: Lecture: 3

DATE OF LAST REVISION: Summer, 2011

EFFECTIVE DATE OF THIS REVISION: Fall, 2011

CATALOG DESCRIPTION: A descriptive and analytical study of fundamental concepts of national economics. It includes an analysis of the determination and fluctuations in national income and employment, monetary and fiscal policy, and international trade and finance. Economic analysis of monetary and fiscal policies is stressed.

MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the

student will be expected to:

1. Describe and discuss alternative measures of macroeconomics performance and their limitations.

2. Demonstrate how supply and demand interact to determine market prices.

3. Demonstrate how the tools of aggregate demand and aggregate supply are used to

determine macroeconomics equilibrium.

4. Describe the nature, creation, and valuation of money within the macroeconomy.

5. Describe and evaluate the dynamics and effectiveness of fiscal and monetary policy.

6. Describe the basis of, and gains from, international trade.

7. Analyze the consequences of trade for international financial flows.

8. Compare and contrast various schools of thought with regard to monetary and fiscal policy.

COURSE CONTENT: Topical areas of study include -

Income analysis Components of a market economy

Monetary policy Fiscal policy

Unemployment Federal Reserve Banking System

Production Gross domestic product

Deflation Macroeconomic equilibrium

Business cycles Keynesian School

Chicago School Austrian School

Exchange rate Balance of payment analysis

Interest rates Capital accumulation

Multiplier effects Nominal and real value

Money Growth and productivity

REQUIRED TEXT & MATERIALS

Text Title: Macroeconomics

Author: McConnell

Edition: 19

Pub. Year: 2012

Publisher: McGraw Hill

10-Digit ISBN: 0077569059

13-Digit ISBN: 9780077569051

Connect Code ISBN: 9780077337797

The course materials, including e-textbook, are provided by McGraw Hill’s Connect.

There are several pieces of help documentation in the course. Look in:

Start Here (button on left of course homepage)
Click on Step 3: Help with Blackboard and Technology

NOTE: If you experience delays in ordering or receiving your access code to McGraw Hill’s Connect site, you can register for a trial account. This will allow you to access all the content for our ECON course. Then, later when your receive access code, you can register and continue working.

Trial accounts only last 30 days – this is not an alternative to purchasing the access code.

How to Order Textbook/Materials

This course is part of the IncludEd Program. Courses in the IncludED program will have all course materials delivered automatically to the student – typically right through Blackboard. This removes the guesswork that so many students encounter trying to order resources and get access codes set-up.

Questions? http :// www . ivytech . bkstr . com.

Course schedules can be printed from Campus Connect by logging in at http://cc.ivytech.edu.

Technology Needs & Resources

Because this is a web-based course, it is expected that all students who enroll in the course have Internet access and a basic understanding of computer use (e.g., using e-mail, sending attachments via e-mail, using web browsers, using word processing software such as Microsoft Word). Also, it is expected that all students will regularly check their Ivy Tech e-mail accounts (located in Campus Connect) and/or Blackboard messages as indicated below. Within 48 hours is recommended. This is the PRIMARY method that the college will utilize to contact students.

Visit the Distance Learning Web site at: http://www.ivytech.edu/online/ for more information related to technology requirements for online courses. Check with the nearest campus bookstore for educational pricing if additional software is required for this course.

COLLEGE POLICIES

Academic Honesty Statement

The College is committed to academic integrity in all its practices. The faculty value intellectual integrity and a high standard of academic conduct. Activities that violate academic integrity undermine the quality and diminish the value of educational achievement.

Cheating on papers, tests, or other academic works is a violation of College rules. No student shall engage in behavior that, in the judgment of the instructor of the class, may be construed as cheating. This may include, but is not limited to, plagiarism or other forms of academic dishonesty such as the acquisition without permission of tests or other academic materials and/or distribution of these materials and other academic work. This includes students who aid and abet as well as those who attempt such behavior.

Copyright Statement

Students shall adhere to the laws governing the use of copyrighted materials. They must insure that their activities comply with fair use and in no way infringe on the copyright or other proprietary rights of others and that the materials used and developed at Ivy Tech Community College contain nothing unlawful, unethical, or libelous and do not constitute any violation of any right of privacy.

ADA Statement

Ivy Tech Community College seeks to provide reasonable accommodations for qualified individuals with documented disabilities. If students need an accommodation because of a documented disability, please contact the Office of Disability Support Services.

COURSE POLICIES & PROCEDURES

Due Dates & Deadlines

The Syllabus and Course Calendar are two important tools to help students understand the course, student and instructor expectations, and deadlines. Both documents can be found under the “Syllabus” button in the course within Blackboard.

Students are required to submit work on time for a chance to receive credit. Deadlines for each week/assignment are summarized on the course calendar. Students should check the calendar frequently for deadlines and to be aware of what to expect next. Deadlines are subject to change.

Students are responsible for timely assignment submission. Should a computer system or network go down, students must still turn in work in a timely manner. Don’t wait until the last minute. Plan ahead by seeking alternative means for submitting work before needed. Local libraries and all Ivy Tech Community College campuses can serve as alternative resources. Contact the closest/most convenient campus or other public lab for schedules and Internet availability. Not having access to the required software on a home or work computer is not a legitimate excuse for turning in homework late.

Attendance Policy – Don’t Get Dropped from Class!

While it is important to be timely and on-schedule throughout any course, students need to be aware of an important college policy. Ivy Tech performs administrative drops for students who do not “attend” class early in the semester. Attendance in an online course is determined by whether a student has submitted work or not. Assignments may actually be due on another day (see course calendar), but students need to turn in something worth points before the NSW deadline in order to avoid being dropped for non-attendance.

To avoid being dropped for non-attendance, students must submit some assignment from the course calendar no later than 11:59 p.m. Monday, October 21.

Am I Required to Come to a Campus for this Class?

No, students do not have to come to campus for this course. There are no activities, labs, or assessments that require students to come to campus.

Instructional Method

This is an online distance-learning course. Each week’s assignments and readings are summarized on the Course Calendar, accessed from the “Syllabus” menu button in Blackboard. It takes a great deal of discipline, self-motivation and effective time management skills to successfully complete an online course. Many students find it helpful to set aside specific times each week to work on course assignments.

Grades

All grades will be maintained in Blackboard’s online grade book. Students are responsible to track their progress by referring to the online grade book.

Make-Up Policy

Late assignments will be assigned a grade of “0” unless a student has received prior approval from the professor. If a student has a problem or scheduling conflict that prevents the student from submitting an assignment on time, the student should contact the professor immediately. The professor will determine if the seriousness of the problem warrants an extension on the assignment. Unless absolutely unavoidable, students need to contact their instructor before missing the deadline – not after. Instructors have the right to decline accepting work for any credit after a deadline passes with a few specific exceptions, including but not limited to:

If there is an outage of the Blackboard system that is verified by central system administrators, instructors will provide an extension for students to submit work at no penalty.
If the student has documentation of serious illness or death of a family member, instructors will work with the student to determine an alternate deadline.

L ast Day to Withdraw

If a student wishes to withdraw from this course, students are responsible for completing an official withdrawal form with the registrar. The last day to withdraw from this course is November 2, 2013. Your local registrar contact information can be looked up using the link in the HELP button in your course in Blackboard

Right of Revision

The college reserves the right to change any statements, policies or scheduling as necessary. Students will be informed promptly of any and all changes.

COURSE COMMUNICATION

Instructor Commitment

Ivy Tech Community College instructors are committed to responding to students within 36 hours, including weekends. If a student sends communication, but does not receive a response, they should double-check that the correct communication method was used and that the correct location is being checked for a reply. Students can contact their local Online Technology Support with questions.

NOTE: Messages are very different from Email. Students should carefully review the information below to ensure they are sending and receiving course communication properly.

Messages: all students must use the messages function of the course for course-related communications. Using messages, students can send and receive information from within the course. Messages can only be sent and received from within the course in Blackboard. Please check messages frequently.

To access messages (send and receive):

Log into Blackboard & enter the course.
Click on ‘Communication & Tools’, then Messages.

There are two folders: Inbox and Sent. The Inbox folder will contain all received messages (so look there for messages from the instructor or other students). The Sent folder will contain sent.

At the top left corner, above the folders, is the button to start a Create Message.

After clicking on Create Message, clicking on the “To” button students can select the name of the person to write. Use the right-facing arrow to move the person into the “recipient” box.

Then, type a message and click on the Submit button when ready to send it.

Online Communication Etiquette: Students are expected to uphold their responsibilities in terms of appropriate and professional communication with faculty and peers. Please review the ‘Students Rights and Responsibilities’ section of the student handbook and review common netiquette (Internet etiquette) practices, like those found at: http://www.albion.com/netiquette/" http://www.albion.com/netiquette/.

COURSE REQUIREMENTS

Remember, the Course Calendar is a good way to stay on top of course due dates. Refer to it often. All weeks begin Sunday at 12:00 a.m. and end the following Sunday at 11:59 p.m. Discussion boards will have an additional Wednesday deadline. All work must be submitted by 11:59 p.m. on the posted due date in the course calendar.

ASSIGNMENTS & GRADING

Course Exams

In order to give students adequate time to complete exams, the exams will be available from 8 a.m. (EST – Eastern Standard Time) on the Monday before they are due until 11:59 p.m. on the day they are due. Students will have only one attempt to take the exam within the allotted time, so it’s important to allow ample time before starting the exam. The exams will be graded, and the grades posted to the grade book in Blackboard.

How is my grade calculated?

Discussion Boards 200 points

(8 activities @ 25 points each)

Simulations /Activities 150 points

(3 activities @ 50 points each)

GDP Research Project 50 points

(1 activity @ 50 points)

Quizzes 210 points

(14 quizzes @ 15 points each)

Connect Activities

(4 activities @ 35 points each) 140 points

Midterm Exam 125 points

Final Exam 125 points

Total Course Points 1000 points

*No extra credit will be available at any time during the course.

Grading Scale

90% - 100% A

80% - 89% B

70% - 79% C

60% - 69% D

Below 60% F

ADDITIONAL SUPPORT

Optional Campus Support

Students are welcome to use the services and equipment available at the most convenient Ivy Tech Campus. Services include academic advising, equipment, libraries, and tutoring. Please locate the most convenient Ivy Tech campus by reviewing the information at http :// ivytech . edu / campuses /.

Library

The Ivy Tech Library is available to students on- and off-campus, offering full text journals, books, and other resources essential for course assignments. The Library can be accessed from the “Library” tab in Blackboard or from the “Library” tab in Campus Connect.

Click for Help

Log into Blackboard at http://online.ivytech.edu and visit the “Click for Help” tab for information about computer downloads. This tab provides students with important computer information, including security software, viewer software for users without Microsoft products, Adobe Reader, Flash Player, Java, and more.

Disabilities Services

Students with questions or needs for disabilities support services should contact their local Disabilities Support Services director/coordinator. In the future, it is recommended that students contact Disabilities Support Services at least 30 days before the start of the semester. The contact information listed here is for the disabilities support director/coordinator at the instructor’s local campus. For information about disabilities support services at another campus, please visit: http://ivytech.edu/dss/ or Campus Connect (http://cc.ivytech.edu).

Disabilities Support Contact: