Heartland Community College
Social and Business Sciences Division
Student Syllabus and Assignment Calendar – Summer 2013
ECON 102-91 Principles of Macroeconomics
Credit Hours: 3
Contact Hours: 3
Lecture Hours: 3
Laboratory Hours: 0
To access Blackboard you will need to log into myHeartland, at https://my.heartland.edu
COURSE DESCRIPTION
Prerequisite: Successful completion of ECON 101 with a grade of “C” or better, or equivalent.
Introduction to the American economic system with emphasis on macroeconomics including
national income accounting, employment theory, and fiscal and monetary policies.
Professor Information:
Ms. Heather R. Chapman
Instructor of Economics and Business
Office: ICN 2011
Office phone: (309) 268-8569
Heather.Chapman@heartland.edu
Office Hours:
Through email & by appointment
Textbook:
Edwin G. Dolan (2010) Economics, Redding, CA BVT Textbooks 4th ed.
ISBN: 9781602299634
*Please make sure that you get the correct textbook; Dolan has previously written an econ book titled Economics – but it is a different publisher!
bvtpublishing.com offers practice exams for each chapter and other information which
may help you with your exam performance.
Relationship to Academic Development Programs and Transferability:
This course fulfills 3 of the 9 semester hours of credit in Social Sciences required for the A.A. or
A.S. degree. This course should transfer as part of the General Education Core Curriculum
described in the Illinois Articulation Initiative to other Illinois colleges and universities
1
participating in the IAI. However, students should consult an academic advisor for transfer
information regarding particular institutions. Refer to the IAI web page at www.itransfer.org for
more information.
Student’s Role:
Learning and retaining the information in this course is your responsibility. You are expected to:
read the material prior to the class notes becoming available to you and submit assignments on
time. You will benefit if you pay attention to national and international news that pertains to
economics, business, political science and foreign policy. The responsibility of student learning
is shared with the instructor. It is important that you do not fall behind.
Instructor’s Role:
My role is to help you in the educational process. I am available to talk with you about this
course or anything else that directly or indirectly concerns your education at HCC. If you need
help or have concerns please email me or make an appointment to visit my office.
COURSE OBJECTIVES (Learning Outcomes):
1.
2.
3.
4.
5.
6.
7.
Demonstrate a knowledge of the concepts of scarcity, choice, and efficiency. (CT2, PS2)
Demonstrate a knowledge of the role of the government in the U.S. economy. (DI1, DI3)
Demonstrate an understanding of the measurements of inflation and unemployment.
Demonstrate a knowledge of the economic consequences of unemployment and inflation. (CT1)
Demonstrate a knowledge of aggregate demand and aggregate supply, as well as U.S. fiscal
policy. (CT3, PS3)
Demonstrate a knowledge of fiscal policy and how it affects national employment and
output. Explain some shortcomings associated with fiscal policy, and describe how fiscal policy
impacts the federal deficit and international trade. (CO2, DI1, DI3)
Demonstrate a knowledge of the U.S. banking system and monetary policy. (CT3)
*Additional information regarding the College learning outcomes can be found on the HCC
website: http://www.heartland.edu/committees/assessment/genedoutcomes.html
COURSE/LAB OUTLINE:
The following topics are to be covered during the instructional process:
Introduction to Economics
The economizing problem
The production possibilities curve
Economic systems and planning
The simple circular flow model
Demand and Supply
Economic Functions of the Government
Measurement of Economic Performance
Determinants of GDP
Macroeconomic Instabilities
2
Unemployment and inflation
Equilibrium Income and Employment
(household, business and international sectors)
Aggregate Demand and Supply
Fiscal Policy
US Money and Banking System
Money Creation
US Monetary Policy
Exchange Rates and Balance of Payments
Study Suggestions
a.
Log into Blackboard several times each week.
b.
Keep abreast of assignment due dates.
c.
Develop a weekly study plan.
d.
Read and study the required textbook pages each week.
e.
Review online chapter notes and supplementary materials.
f.
Complete assignments ahead of due dates.
g.
Follow the assignment instructions closely.
h.
Ask for clarifications when needed.
i.
Contact Ms. Chapman with any questions or comments throughout the term.
HCC Portal:
Just a reminder that to access Blackboard, IRIS, and your Heartland Student Email, you will
need to log into myHeartland, at https://my.heartland.edu.
Class Conduct:
All students will treat each other with RESPECT at all times. Please do not be disrespectful
when interacting with other students in class. No chitchat during lecture! Students are
responsible for all readings and material covered in class.
Any form of cheating, including on exams, will not be tolerated. Consequences for cheating
will include receiving a zero for the assignment, quiz or test, and notification to the HCC
Academic Integrity Committee.
Sorry, but hats may not be worn on test days in the testing center. If you have a complaint, an
informal conference may be scheduled; if the problem is not resolved you are encouraged to
follow the student academic appeal process.
NOTE: These rules mentioned above apply all the time. In the unlikely event that any of the
class conduct issues are violated, the following actions will be taken quickly:
The student will receive one verbal warning to let them know their conduct is
unacceptable. If the issue(s) reoccur(s), there will be a conference scheduled in Ms.
Chapman’s office to discuss the ramifications (ICN 2011). Behavior which is deemed
3
extremely inappropriate may result in immediate withdrawal from the course and
possible suspension/ expulsion from the college.
Class Cancellations:
You will be notified in advance of class cancellations, when possible. All HCC class
cancellations are listed on the HCC website. Go to http://heartland.edu/classCancellations .
Communication:
Regularly check your myHeartland email account and Blackboard for updates. Please only
email me from your BlackBoard email account. Include a Subject in your email
correspondence. Emailing me through BlackBoard will insure that your section number is on the
email and I know who you are. When you email through BlackBoard a copy email also gets sent
to your myHeartland email account.
FERPA laws prohibit grade or attendance information from being supplied to anyone, including
parents or spouses if you are 18 or older.
Makeup Work:
You are allowed to make up 1 assignment paper or test, for full credit. You are granted one late
coupon. If you do not use your late coupon by the end of the semester, you receive an additional
6 points.
No Questions Asked ~ Late Work Coupon
Submit this coupon with your late assignment for full credit. Limit 1 per student. If you do not
use your coupon – you may receive 6 bonus points at the end of the semester. You must email
me and tell me that you would like to use the coupon. If you simply submit late work without
telling me that you would like to use your coupon, you will not receive credit
*Only if you have written documentation may you submit late work without using your coupon.
Student Participants or Students involved in HCC Sanctioned Activities:
If you are a student athlete, or are involved in other college sanctioned events that may conflict
with this class, you are required to abide by the following HCC policy:
1. Inform instructors at the beginning of the semester of their affiliation with a student
organization and of scheduled absences through a formal letter from the organization
they will be representing.
2. Inform instructors of specific classroom absences two weeks in advance, or if that is
not possible, as soon as the absence is known.
4
3. Request from their instructor the opportunity to complete evaluated coursework and
exams prior to the College-sanctioned event which will cause their absence, and take
responsibility to make up any work that has been missed by adhering to the
instructor’s policies regarding making up missed coursework. In the event of a
disagreement regarding the Instructor’s policy, the student will discuss it first with the
instructor, and if no resolution can be achieved, the student will proceed through the
Student Appeals process as outlined in the Student Handbook.
Disability Support Services:
Heartland Community College offers Disability Support Services (DSS) with offices located in the
Academic Support Center. DSS ensures that students with disabilities have equal access to the college’s
programs, services and activities through the provision of reasonable accommodations as outlined in
Section 504 of the Rehabilitation Act and the Americans with Disabilities Act.
DSS offers a wide range of services to support students with disabilities, including: assistive technology,
document conversion services, personnel, classroom and testing accommodations. Students with a
documented disability who wish to discuss academic accommodations can contact disability support
services at (309) 268-8259.
METHOD OF EVALUATION: This course has a total of 220 Points.
Grading Scale:
Quantity
Chapter Outline/Assignments 8
Paper
1
Paper 2
1
Tests
2
Final Exam
1
Points (each)
10
15
25
25
50
Percent of Total Grade
36%
6%
11%
23%
23%
A minimum of 15 pages of college level writing is required in this course. Writing assignments
include papers and outlines. All outlines will use proper spelling and grammar and be in outline
format (a generic outline format). Papers 1 & 2 will be written in APA format with proper
spelling and grammar. Paper 1’s page length requirement is 4 pages. Paper 2’s page length
requirement is 6 pages. Your Papers’ Final Draft must be submitted through BlackBoard to
SafeAssign to be considered for credit.
Examinations will consist of Multiple Choice, Short Answer and Essay Questions.
Letter grades will be based on the percentage of points earned in the course in accordance with
the following scale:
5
Percentage:
A = 100%-90%
B = 89%-80%
C = 79%-70%
D = 69%-60%
F = Below 60%
Points Needed:
198-220 points
176-197 points
154-175 points
120-153 points
119 & below
Important Dates:
June 17 ............... Classes Begin
June 18 ............... Final Day for Refund
July 4 ................... Independence Day (College Closed)
July 5 ................... Final Day to Withdraw
July 12 ................. Classes End
July 15 ................. Final Grades Due by Midnight. Student can start viewing midterm and final
grades online once submitted by
Library:
http://www.heartland.edu/library/
Library Hours:
http://www.heartland.edu/library/hours.do
Changes in this Syllabus, or course Assignment Calendar, will be communicated to
students in advance.
Due Dates:
All Assignments are Due through BlackBoard By 11:59 pm Thursday Night! *except 7/4/13
June 17
June 20
June 27
June 25 – June 30
July 5
July 2 – July 7
July 11
July 7 – July 11
Class Begins
Outline 1 & Outline 2
Outline 3, Outline 4 & Paper 1
Test 1. June 25 at 8:00 am – June 30 at 11:59 pm
Outline 5, Outline 6 & Paper 2 (Yes on Friday)
Test 2. June 2 at 8:00 am – June 9 at 11:59 pm
Outline 7 & 8
Final Exam! (Available on Campus in the HCC Testing Center ONLY!)
Normal Campus HCC Testing Center Hours:
Sunday, July 7, 2013
4:00 pm - 8:00 pm
Monday, July 8, 2013
9:00 am - 7:00 pm
Tuesday, July 9, 2013
9:00 am - 7:00 pm
Wednesday, July 10, 2013 9:00 am - 7:00 pm
Thursday, July 11, 2013
9:00 am - 7:00 pm
6
Tentative Schedule:
Week – Content
1 – Ch. Microeconomics Review - Demand and Supply, The economizing problem, The production
possibilities curve
1 – Ch. 17 Economic Growth, the Business cycle & Price Stability - Economic systems and planning,
Macroeconomic Instabilities, Unemployment
1 – Ch. 18 The Circular Flow, Planned Expenditures, Part of Ch. 18 Appendix - The simple
circular flow model
2 – Ch. 19 GDP Expenditure & Income Approach, DGP deflator & PPI - Measurement of Economic
Performance, Determinants of GDP, Equilibrium Income and Employment
2 – Ch. 20 The Banking System, Regulating the Banking System, Financial Crisis 07’/ 08’
3 – Ch. 21 Money, Central Banking & Monetary Policy - US Money and Banking System
Money Creation
3 – Ch. 22 Aggregate Supply, Aggregate Demand & Equilibrium
4 – Ch. 23 Monetary Policy, Exchange Rates & Balance of Payments
4 – Ch. 24 Fiscal Policy, Taxes, Spending & Stimulation - Economic Functions of the Government
4 – Ch. 25 Inflation & Deflation
4 – Review & Final Exam
7