Revised Date: October 2009
ECON 2313, Principles of Macroeconomics
Course Philosophy and Instructor Requirements
Philosophy: This course is designed to give students an explanation of fundamental economic concepts and the basic
principles of American capitalism. Students achieving a satisfactory outcome should understand how a market based system of
resource allocation functions. In addition, this course should prepare students to be able to successfully complete a course in
this subject at a more advanced level.
Instructor Objectives: The instructor teaching this course should require students to:
 Understand the role of demand and supply market forces in price determination
 Apply the economic perspective of decision making to special economic issues and policy alternatives
 Demonstrate an understanding of the United States' role in production, distribution, and consumption from a global
perspective
 Apply the aggregate demand-aggregate supply model to Macroeconomic instability, economic growth, as well as, the
implementation of monetary and fiscal policies
Course Teaching Requirements: Instructor may make use of whatever techniques and methods they deem necessary and/or
appropriate to achieve the aforementioned learning objectives.
It is not necessary to cover all Macroeconomic chapters in the textbook. However, the following chapters are so essential and
fundamental that they must be covered:
Chapters 1-5
Chapters 23-26
Chapters 27 and 29
Chapter 31
Introduction to Economics and the Economy
GDP, Growth, and Instability
Macroeconomic Models and Fiscal Policy
Money, Banking, and Monetary Policy
Examinations, quizzes, and homework assignments (online and in the traditional classroom) should include exercises and
objective questions that require students to demonstrate an understanding of Macroeconomic theories/concepts and their
application. The final exam must have a comprehensive component and weigh approximately 20-25% of the semester grade.
Assessment Responsibilities: Instructors teaching this course (online and traditional) are expected to participate in assessment
activities as required by the University. You will be provided further information/instructions by the lead instructor during the
term assessments are to be completed.
Business and Agriculture Division Contact Information:
Division Chair: Robert Mitchum, 501-882-8847, rlmitchum@asub.edu
Lead Instructor: Jack Raber, 501-882-8999, jrraber@asub.edu
Online Course Monitor: Wendell Dillard, 501-882-8914, wldillard@asub.edu