University of South Florida Sarasota-Manatee
College of Business
Global Economic Environment of Business (ECO6708, Section 521)
Class Meetings: B226, Saturday 8:30 – 10:20 A.M.
Summer 2014
Instructor:
Office:
Office Hours:
Phone:
Email:
Course Web Site:
Kiyoung Chang, Ph.D.
SMC C221
Sat 10:30 – 11:30 a.m.; 12:50 – 1:20 p.m.; and by appointment
941-359-4359 (Office)
chang1@sar.usf.edu
Course web site can be accessed through CANVAS (https://my.usf.edu).
Course syllabus, PowerPoint notes, and other important materials will
be posted on CANVAS. Please check the site regularly and bring the
needed material to class. Information on how to use Canvas is available
at: http://www.usfsm.edu/infocommons/students.php
http://highered.mcgraw-hill.com/sites/0077660773/ (publisher web site)
Last day to drop to receive a ‘W’ grade: June 28, 2014
Required Materials:
 Textbook: “Macroeconomics”, 20e, McCONNELL, BRUCE, and FLYNN, McGRAW Hill,
ISBN13: 9780077660772
 Course materials are available on CANVAS. Additional handouts may be distributed in
class.
Recommended:
The Wall Street Journal, Economist, and other financial newspapers.
Prerequisites: None
Course Description:
ECO 6708(2 credits): This course is designed to examine determination of prices, employment, and
output in domestic and international settings.
Course Learning Objectives:
This course is designed to explore important economic issues and problems facing the nation today,
especially in the business context. Students will also improve their problem solving and analytical
skills by using logical reasoning. 
Course Learning Outcomes:
After taking this course, the student should be able to
 Understand measures of economic performance, such as GDP, economic growth, price
stability, and unemployment.
 Understand how fiscal policy and monetary policy will affect firms and society.
 Understand how exchange rate and trade deficit will affect firms and society.
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Techniques of Instruction:
Classes will consist of lecture, problem solving, and discussion. The lecture material will focus on
the major points introduced in the text, but class lectures will go beyond the text. You are
responsible for all announcements made in class—check with your classmates if you miss
class.
Preparation for Class:
Each student is expected to come to every class session having read all the assigned material.
Reading the assigned chapters and having some familiarity with them before class will greatly assist
your understanding of the lecture. For the student to be successful in this course, it is imperative
that he/she comes to each class meeting having thoroughly reviewed the material for that class.
After my lecture, you should study your notes, handouts, and the problems at the end of the
chapters.

Quiz:
Six multiple choice quizzes will be administered during the class time. I will drop the quiz you
earned the lowest point. No makeup quiz will be available.

Group Project:
On July 12th, students will submit a research paper and present it in the class. The report must
contain pros and cons of each alternative and your group’s stance.
Possible topics: Market failures and remedy, Government’s role and Government failure,
Income inequality and growth & sustainability, Tax cut and government spending, the effect of
bank reform on the stability and growth of U.S. economy, etc.
Group project will be graded based on the 1) contents of argument, 2) clarity of the paper, 3)
persuasiveness of presentation.
Format of Group Project
 Cover page must have a group name and each member’s name.
 Typewritten; double-spaced; 12 font size; 1 inch margin from top, bottom, and side.
 The report must have minimum eight pages (not counting cover page, tables and charts,
which may be put at the end) and must be referenced in the main text.
 The report must contain page numbers.

Take-home Exam:
The exam will have multiple-choice/essay/problem style questions. The grading of
essay/problem style questions will be based on accuracy of the procedures and answers. You
should show me all the procedures to earn full credits. For multiple-choice questions, you will
receive no partial credit.
Take-home exam will be distributed on June 28th and it will be collected at the beginning
of the July 5th class. You cannot consult with your classmates.

Make-up Exam policy:
Make-up exams will not be given.

Incomplete Policy:
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Incompletes will not be given in this course.

Class Lecture Notes/Tapes Policy:
Students are not permitted to sell notes or tapes of the class lectures.

COMPUTER LAPTOP USE
USFSM requires all students to have laptops that can be brought with them to class.
Students are invited to bring their laptops whenever they wish.
Grading:
Quiz:
Exam (Take-home):
Group project:
Total:
The following grading scale will be used:
A+
98-100%
A
B+
87-89.99
B
C+
77-79.99
C
D
60-69.99
F
Below 60
*** NO curve will be used in this class.
100
200
100
400
93-97.99
83-86.99
73-76.99
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ABC-
90-92.99
80-82.99
70-72.99
USFSM AND USF SYSTEM POLICIES
A. Academic Dishonesty: The University considers any form of plagiarism or cheating on
exams, projects, or papers to be unacceptable behavior. Please be sure to review the
university’s policy in the catalog, USFSM Undergraduate Catalog or USFSM Graduate
Catalog, the USF System Academic Integrity of Students, and the USF System Student
Code of Conduct.
B. Academic Disruption: The University does not tolerate behavior that disrupts the
learning process. The policy for addressing academic disruption is included with
Academic Dishonesty in the catalog: USFSM Undergraduate Catalog or USFSM
Graduate Catalog, USF System Academic Integrity of Students, and the USF System
Student Code of Conduct.
C. Contingency Plans: In the event of an emergency, it may be necessary for USFSM to
suspend normal operations. During this time, USFSM may opt to continue delivery of
instruction through methods that include but are not limited to: Canvas, Elluminate,
Skype, and email messaging and/or an alternate schedule. It’s the responsibility of the
student to monitor Canvas site for each class for course specific communication, and the
main USFSM and College websites, emails, and MoBull messages for important general
information. The USF hotline at 1 (800) 992-4231 is updated with pre-recorded
information during an emergency. See the Safety Preparedness Website for further
information.
D. Disabilities Accommodation: Students are responsible for registering with the Office
of Students with Disabilities Services (SDS) in order to receive academic
accommodations. Reasonable notice must be given to the SDS office (typically 5
working days) for accommodations to be arranged. It is the responsibility of the student
to provide each instructor with a copy of the official Memo of Accommodation. Contact
Information: Disability Coordinator, 941-359-4714, disabilityservices@sar.usf.edu,
http://www.usfsm.edu/students/disability/
E. Fire Alarm Instructions: At the beginning of each semester please note the emergency
exit maps posted in each classroom. These signs are marked with the primary
evacuation route (red) and secondary evacuation route (orange) in case the building
needs to be evacuated. See Emergency Evacuation Procedures.
F. Religious Observances: USFSM recognizes the right of students and faculty to observe
major religious holidays. Students who anticipate the necessity of being absent from
class for a major religious observance must provide notice of the date(s) to the instructor,
in writing, by the second week of classes. Instructors canceling class for a religious
observance should have this stated in the syllabus with an appropriate alternative
assignment.
G. Web Portal Information: Every newly enrolled USF student receives an official USF
e-mail account. Students receive official USF correspondence and Canvas course
information via that address.
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Tentative Course Schedule:
This is a tentative schedule and we may deviate from this schedule.
Date
May 17
May 24
May 31
June 7
June 14
June 21
June 28
July 5
July 12
Chapter Number
Introduction
Ch 6: An Introduction to Macroeconomics
Ch 7: Measuring Domestic Output and National Income
No Class, Memorial Day Weekend
Ch 8: Economic Growth
Ch 9: Business Cycles, Unemployment, and Inflation
Quiz
Ch 9: Business Cycles, Unemployment, and Inflation
Ch 10: Basic Macroeconomic Relationships
Quiz
Ch 12: Aggregate Demand and Aggregate Supply
Ch 13: Fiscal Policy, Deficits, and Debt
Quiz
Ch 15: Money Creation
Ch 16: Interest Rates and Monetary Policy
Quiz
Ch 16: Interest Rates and Monetary Policy
Ch 19: Current Issues in Macro Theory and Policy
Quiz
Ch 20: International Trade
Ch 21: The Balance of Payments, Exchange Rates, and Trade Deficits
Quiz
Take-home Exam Due
Group Project Due
Group Presentation
** I reserve the right to change any part of this syllabus if necessary. An announcement will
be made if any changes are made to this syllabus.
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