Syllabus
Principles of Macroeconomics, ECON 2013
Offered during the Fall, Spring and Summer terms
If you enrolled in the sixteen-week macro course, then you will receive your first
email on Tuesday, the second day of the semester. Classes of less than sixteen
weeks in length will receive an introductory email on the first day of class.
You will be notified by email regarding the last day to submit quiz answers and
the Wall Street Journal project for the course you are taking.
Instructor: Warren Graham
warren.graham@tulsacc.edu
Phone: 918-595-7414
Office: NEC Room A130
Office Hours: by appointment
Business & Information Technology Division
Associate Dean: Pat Green
Phone: (918) 595-7439
Office: NEC Room 2372
TEXTBOOK
Principles of Economics, by Jeff Holt, published by Hayden McNeil, Sixth Edition,
ISBN 978-073807525-9. This paperback text is available at the Northeast
Campus bookstore. The TCC bookstore retails this book for $80 for a new copy.
Used copies are $60. The book is used for both macro and micro.
You also have the option of purchasing the textbook from an Internet vendor. It is
recommended that you do your search using the ISBN. You may be able to find a
lower price from an Internet seller.
OTHER COURSE REQUIREMENTS
Please send an email if you want to add an email address in addition to your
TCC email address. Your TCC email address is the only one we have listed for
you.
Be sure to read the instructor's email and complete the assigned readings and
notes before answering the email quizzes. Note that formal cutoff dates for
submitting quiz answers are not used, but try to send your quiz answers within a
few days after receiving each quiz in order to avoid falling behind. Although there
is flexibility regarding the timing of your quiz submissions, it is required that quiz
answers be submitted one quiz at a time. Then wait for my reply before sending
answers to the next quiz.
Sometimes follow-up responses will be requested for certain quiz answers. When
this occurs, be sure to send the requested follow-up in order to receive credit for
that quiz. Guidance will be provided as to what is needed for the follow-up.
TECHNICAL SUPPORT FOR BLACKBOARD
Call TCC’s technical support help line at 918-595-2000.
ADA Statement for Class Syllabi
DISABILITY RESOURCES: It is the policy and practice of Tulsa Community
College to create inclusive learning environments. Accommodations for qualifying
students in compliance with the Americans with Disabilities Act (ADA) and
Section 504 of the Rehabilitation Act are available. To request accommodations,
contact the Education Access Center (EAC) at eac@tulsacc.edu or call (918)
595-7115 (Voice). Deaf and hard of hearing students may text (918) 809-1864.
OTHER RECOMMENDED COURSES
Principles of Microeconomics, ECON 2023
CATALOG DESCRIPTION
This course is an overview of the U.S. economy. Major topics include supply and
demand, determination and analysis of national income, employment and
unemployment, inflation, monetary and fiscal policy, and international trade.
There is no prerequisite for this course.
COURSE OBJECTIVES
Upon completion of this course the student should:
1. Have a thorough understanding of the fundamentals of supply and
demand and be able to graph supply and demand curves.
2. Understand the conditions that are likely to induce governmental
involvement in the economy.
3. Know the different types of unemployment and be able to calculate
unemployment rates.
4. Understand the various kinds of inflation that can affect a
macroeconomy and know how to use the Consumer Price Index to
calculate a rate of inflation.
5. Understand the production-income-spending circular flow and have
a basic understanding of national income accounts such as Gross
Domestic Product and Disposable Personal Income.
6. Know the principles of supply-side economics, including supplyside tax policies and deregulation.
7. Understand the fundamentals of demand-side economics and how
demand-side economics differs from supply-side economics.
8. Have a basic understanding of monetary policy, the Federal
Reserve System, and the equation of exchange.
9. Know how to determine comparative advantage and understand
the fundamentals of protectionism (i.e., tariffs & quotas) and
exchange rates.
TEACHING METHODS
Students should read the instructor's email and complete all assigned readings,
including textbook assignments and notes that will be attached to the email
quizzes and that will be posted on Blackboard. E-mail is the primary method of
communication, but you are welcome to use the telephone/voicemail system
(918-595-7414) or office visits.
EVALUATION TECHNIQUES
This course is all online. No campus visits are required.
Your overall quiz average will count as 2/3 of your course grade. The Wall Street
Journal project will count as 1/3. Note that a completed WSJ project with 35
summaries must be submitted in order to earn a course grade of A, B, or C.
To do the WSJ project you will select thirty-five WSJ articles from the following
topics:
Unemployment, inflation, supply and demand, taxes, government spending, the
Federal Reserve Bank (The Fed), interest rates, and international trade. Articles
about international trade should include the US as one of the trading partners.
Your assignment is to summarize in your own words the content of each article.
The average length of each summary should be 100 to 125 words. Include the
title of the article, the author, and the date of the article. You may include your
own opinion or analysis of some or all of the articles, but this is not a
requirement. This project should be submitted via email as an attachment at the
end of the semester. You will be notified via email of the last day to submit your
WSJ project.
Additional information about this assignment will be posted on Blackboard under
the Content link.
You will need access to the WSJ, either in print or online. The WSJ is currently
selling student subscriptions for $1 per week, or $10 for ten weeks or $15 for
fifteen weeks.
Note that print subscriptions also include access to the WSJ online edition.
To establish a student subscription to the WSJ you can go to:
www.wsj.com/studentoffer
or call 1-800-568-7625 to purchase a student subscription or to discuss other
student subscription options, such as a digital only subscription.
GRADING SYSTEM
A standard grading system will be used:
90% +
A
80 - 89% B
70 - 79% C
60 - 69% D
Below 60% What?????
MAKEUP POLICY
Send your quiz answers within a few days after receiving each quiz. There are no
makeup quizzes. Send email if you know you will be unable to finish the course
on time. If you have completed a substantial portion of the course and have a
passing grade, then you may be eligible for an extension of time to finish.
TOPICS AND ASSIGNED READINGS
1
Introductory Concepts: Scarcity &
Choices
pp. 1-1 through 1-11
2
Supply and Demand
pp. 3-1 through 3-12
3
The Role of Government in the
Economy
pp. 2-5 through 2-9 & 13-1
through 13-11
4
Inflation
pp. 4-1 to 4-4 & 10-6 to 10-9
5
Unemployment
pp. 4-4 to 4-10
6
The Circular Flow and National Income
Accounting: GDP & other accounts
pp. 5-1 to 5-10
7
Supply-side economics
pp. 9-6 to 9-9
8
Demand-side (Keynesian) Economics
pp. 8-1 to 8-9 & 9-1 through 9-5
9
The Federal Reserve System &
Monetary Policy
pp. 10-1 to 10-6 & 11-1 to 11-3 &
12-1 through 12-6
10 International Trade
pp. 16-1 through 16-12
Good luck with your study of Principles of Macroeconomics, ECON 2013.
Warren Graham
Associate Professor
918-595-7414
warren.graham@tulsacc.edu