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m o d e l
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Econ 101
Macroeconomics
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Benedictine Hallmarks 2011-2012
STABILITY  STEWARDSHIP
IDEA
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sessions
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course syllabus
Addresses the educational
needs of adult students by
developing and providing
engaging, relevant and
accelerated programs.
blended model
Econ 101
Enhances scholarship,
leadership skills, social
responsibility, and promotes
life-long learning.
Provides high-quality, easily
accessible educational
opportunities for adult
learners.
Macroeconomics
Enables adults to earn
specific undergraduate and
graduate degrees while
maintaining their personal and
professional commitments.
student version
contents links
about this document
about Moser College
about blended learning
hallmarks of a Benedictine education
student expectations
attendance policy
submission of work
netiquette
_________________________
IDEA objectives & IDEA description
course overview
required textbooks
grading scale
learning outcomes
course schedule
external links
Develops new degree and
non-degree programs that
address the expressed needs of
the professional community.
financial aid
library resources
Academic Honesty Policy
APA formatting and style
APA resources for students
Student Success Center (SSC)
services for students with disabilities
Moser College Mission
Statement: Moser College
embodies the values of respect,
excellence, collaboration, and
professionalism. We are
committed to delivering
innovative and dynamic
programs designed for adult
students who are dedicated to
enhancing their professional,
local, and global communities.
_________________________
Benedictine Current Students
Moser Center Student Information
Student Login to D2L
Student E-Mail Login
Academic Calendars
BenUConnect  MyBenU
Moser College Vision
Statement: To be one of the
premier university colleges in
the nation.
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience
Discipline  Humility  Stewardship  Hospitality  Community
Benedictine
University
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about
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Margaret and Harold Moser Center
1832 Centre Point Circle
Naperville, IL 60563
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Phone: (630)schedule
829-6289&
IDEA
sessions
Fax: (630) 829-1375
http://www1.ben.edu/programs/a
dult_cohorts/mission_vision.asp
2
Content Links
Econ 101 | Macroeconomics
About Your Program at Benedictine University – Moser College
About This Document
This is a hypermedia document – it has been built to mimic navigation on the
web. This document can also be viewed as a presentation or it can be printed
like a traditional document. We use this sort of document because it allows for
navigation links (hyperlinks) to text, graphics, audio/video, and the web. This
type of document also allows you to navigate in a nontraditional, nonlinear way
– by following the page links you are not bound to read or flip through the
document in any sort of order. This is yet another example of Moser College’s
commitment to advancements in technology and blended learning.
About Moser College
The Moser College of Adult & Professional Studies delivers its curricular
programs in a specifically designed structure deliberately oriented for working,
adult learners. The Moser College is committed to providing a learning
environment which extends beyond the classroom and is designed specifically
to meet the needs of its students and their employers by bringing a quality
educational experience without requiring the student to relocate or travel
extensively beyond their home area. Benedictine University's Moser College of
Adult & Professional Studies is fully accredited by the Higher Learning
Commission of the North Central Association of Colleges and Schools*.
* http://www.ben.edu/academic_programs/moser/about/index.cfm
About Blended Learning
Blended learning is the integration of different learning environments: mainly
the online format with the face-to-face format, but may also include mobile
learning. Blended learning, also referred to as hybrid learning, relies on both
the advantages of digital/technology innovation and the methods of face-toface instruction. At Moser College, we use blended learning by combining
asynchronous online classroom sessions with a face-to-face classroom
environment.
hallmarks of a Benedictine Education:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
3
About
Econ 101 | Macroeconomics
The Ten Hallmarks of a Benedictine Education
A Benedictine Education
Based on the Rules of Saint Benedict, a Benedictine
Education is based on the Benedictine Wisdom
Tradition that sets as its goals the transformation of the
Human mind AND Heart and has at its foundation “The
Ten Hallmarks of a Benedictine Education”.
The Ten Hallmarks
Each academic year Moser College will be celebrating
two of the Hallmarks. This academic year 2011-2012,
the Hallmarks Stability and Stewardship have been
chosen. The ten hallmarks are:
1. Love of Christ and Neighbor
2. Prayer: a Life marked by liturgy, lection and
Mindfulness
3. Stability: commitment to the daily life of this place,
its heritage and tradition
4. Conversatio: the way of formation and
transformation
5. Obedience: a commitment to listening and
consequent action
6. Discipline: a way toward learning and freedom
7. Humility: knowledge of self in relation to God,
others and creation
8. Stewardship: responsible use of creation, culture
and the arts
9. Hospitality: openness to others
10. Community: call to serve the common good
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Portrait (1926) by Herman Nieg
(1849–1928); Heiligenkreuz Abbey, Austria
course
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outcomes
IDEA
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
4
Hallmarks
Econ 101 | Macroeconomics
Student Expectations
Expectations of Students
In order to get the maximum use of the time available, it is expected that you
will:
•
Read the material to be covered in the class and complete required
assignments prior to attending the class/session;
•
Arrive/login to class/session prepared to participate actively;
•
Be prepared to actively participate in the collaborative activities of each
class/session; and
•
Always feel free to seek additional help from the instructor when the need
arises.
Attendance Policy
Students may not miss more than 25% of the live classroom sessions. Doing so
will result in an F for the course.
financial aid information
Submission of Work
All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor.
Assignments must be submitted by due date. Any assigned work submitted late for any unexcused
reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L.
In the event that you miss an examination for due cause, arrangements must be made with the
instructor for a make-up examination. Important criteria concerning the submission of work:
•
Make-up examinations may differ from the original class examination.
•
Per University policy, assignments cannot be accepted by an instructor after the last day of the course.
•
Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes.
information concerning netiquette:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
5
Expectations
Econ 101 | Macroeconomics
About Netiquette
What is Netiquette?
"Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online
experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about
courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with
one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and
other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you
would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well.
Netiquette Basics
1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”)
2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice
3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may
not be appropriate in a classroom or in an online conversation with an instructor
4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing
links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs
and headers and 6) limiting your use of attachments
5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier
for the poster, but it is not easier for the reader
Inappropriate Online Usage
1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often
online then in face-to-face interaction, because there is an illusion of anonymity.
2. Flaming is neither productive nor appropriate for the learning environment
3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar,
punctuation and spelling corrections
4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often
seen as a form of aggression
5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language
Confidentiality and Privacy
1.
2.
3.
4.
Email, messaging and posting are forms of written record and are just as permanent as a letter or document
Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.)
Respect copyright and cite any and all sources
Do not expect that your communications are private, instead assume all communications are public
For more information please review Netiquette by Virginia Shea
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
6
Netiquette
Econ 101 | Macroeconomics
Individual Development and Educational Assessment
IDEA Objectives
•
Acquiring skills in working with others as a member of a team.
•
Developing creative capacities (writing, inventing, designing,
performing in art, music, drama, etc.)
•
Gaining a broader understanding and appreciation of intellectual/
cultural activity (music, science, literature, etc.)
•
Developing skill in expressing oneself orally or in writing.
•
Learning how to find and use resources for answering questions or
solving problems.
•
Developing a clearer understanding of, and commitment to, personal
values.
•
Learning to analyze and critically evaluate ideas, arguments, and
points of view.
•
Acquiring an interest in learning more by asking questions and
seeking answers.
IDEA Description
The IDEA student survey focuses on the instructor’s learning objectives for the course and on the
progress each student made toward achieving those objectives. By answering thoughtfully and
honestly, your ratings and comments will be much more helpful – to the instructor, the department
chair, and the dean of the college. As students, you should also know that student ratings and
comments have been used to help evaluate courses and to improve the educational experience at
Benedictine University. The appropriate standard of conduct with respect to student surveys is
thoughtful comments and constructive criticism – respectfully communicated.
A Focus on Learning
“The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than
emphasizing teaching style or personality, the IDEA system focuses on student learning and the
methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5
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IDEA
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sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
7
IDEA
Econ 101 | Macroeconomics
Student Weekend Course Overview
Course Description
Determination of income, employment, and price level. Effects of fiscal and monetary policies.
Course Materials
Required Textbook and Materials
Boyes, William & Melvin, Michael (2011). Fundamentals of Economics. (5th ed.).
ISBN: 9780538481199
Suggested Course Materials
Wall Street Journal, cnbc.com, marketwatch.com , info.com/economic publications
Technological Computer Requirements
Students in the Blended program will need: High-speed Internet access; a sound card and speakers;
Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or
higher. It is also highly recommended that students have access to a microphone or webcam for
optional audio/videoconferencing.
Discussion Forum Guidelines
The Course Grading Scale
A
=
4.00
90 - 100%
EXCELLENT
B
=
3.00
80 – 89%
GOOD
C
=
2.00
70 – 79%
SATISFACTORY
D
=
1.00
60 – 69%
PASS
F
=
0.00
BELOW 60%
FAIL
I
=
INC
INCOMPLETE
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To receive a minimum passing grade, students must
make a post to each discussion question for that
week by day 4 of each week and respond to at least
two other postings by the end of the week. Individual
Posts are worth up to 5 points and the total
Response Posts are worth up to 5 points total. Each
discussion will total up to 10 points.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
8
Course Overview
Econ 101 | Macroeconomics
Student Weekend Course Outcomes
Learning Outcomes
Assignments
Points
Discuss the scope of economics and methodology in solving problems
Construct examples of private property rights, Economic Freedom
Create Supply, Demand and Market Equilibrium Curves
Elaborate on Labor Markets and Government Intervention
Construct Marginal Cost and Profit Maximization Graphs
Discuss production and Cost Theory in the short run
Test the theory of profit-maximization
Compile data on Perfect Competition and Monopolistic Competition
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
10 pts
10 pts
10 pts
Discuss Business, Government and Society
Predict the outcome of the lack of government intervention
Discuss antitrust, externalities and social regulation
Compose an argument why government intervention is necessary
Propose ways to improve GDP
Construct your own market of goods based on purchases you made
Test your knowledge base (First in-Class exam) chapters 1-8
Discussion of Final Project
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
Individual chapter problems
Discussion Post
Team Assignment
10 pts
10 pts
10 pts
Discuss unemployment, inflation and Business Cycles
Design and plot data for leading indexes
Design Aggregate Demand and Aggregate Supply Curves
Discuss aggregate supply and demand
Elaborate on Fiscal Policy in the United States
Compile and predict the monetary changes in the global economy
Test your knowledge base (second in-class exam) Chapters 9-14
Progress Reports on Final Projects
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
Discuss Monetary Policy and Economic Policy
Construct a derivative to increase the money supply
Choose the factors that affect the macro economy
Propose recommendations to the Federal Reserve System
Build Issues n International Trade, Finance and Globalization
Develop a model of international trade
Discuss the costs and benefits of globalization
Test your knowledge (Group Presentation)
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
Individual chapter problems
Individual chapter problems
Discussion Post
Team Assignment/ Activity
10 pts
10 pts
10 pts
10 pts
10 pts
25 pts
10 pts
10 pts
10 pts
10 pts
10 pts
25 pts
10 pts
10 pts
10 pts
10 pts
10 pts
40 pts
Total Points for course
300 pts
about Bloom’s Taxonomy
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IDEA
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
9
Learning Outcomes
Econ 101 | Macroeconomics
Student Weekend Course Schedule
Session
Loc.
Class Title
Assignments
01 A
F2F
Your Economic
World
•
•
•
•
•
01 B
F2F
Economic
Relationships
National and
International
Economies
•
•
•
•
•
02 A
online
Your Economic
World
Market Forces
•
•
•
•
02 B
online
Economic
Relationships
National and
International
Economies
•
•
•
•
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Reading Assignment: No pre-class assignment; Chapters 1-3 , pages
4-75 will be reviewed in class, Read Chapters 4-6 costs and profit
maximization, pages 78 – 127.
Individual Assignments - Read and Review chapters 4-6 for class
discussion; Individual chapter exercises
Study Group Assignments - none
In Class Assignments - Review syllabus and course expectations
Introduce the concepts of Property Rights, Economic Freedom;
Opportunity Costs, and Market Functioning; Review all individual
and team exercises from chapters 1-3; Facilitate a discussion on
Chapters 4-6, costs and profit maximization; Activity: the DeBeers
diamond cartel
Reading Assignment: Chapters 7 and 8, market forces, pages 129 –
179; Chapters 9 and 10, national and international economies, pages
181 – 220.
Individual Assignments - Read and review chapters 7 and 8,
individual chapter problems; Quiz #1, in class, chapters 1 – 8; Read
and review chapters 9 and 10, individual chapter problems.
Study Group Assignments - Introduction of the final project:
Final project will be to research a current economic issue, using
theories learned in this course. This assignment will be a 10 page
paper, and will be evaluated based upon demonstration of
mastering the principles learned in this course. The final project
will be due in week 4.
In Class Assignments - Activity: the international trade game,
ttp://www.economicsnetwork.ac.uk; Discuss chapters 9 and 10.
Reading Assignment: Chapter 4-6; Chapter 7 and 8, pages 129 –
179,
Individual Assignments - Chapter 1, exercises 1-4, page 19 ; Chapter
4, exercises 1 – 3, page 88; Chapter 5, exercise 8, page 103
Study Group Assignments - Chapter 2 exercises 1-3 (page 52);
Chapter 3 exercises 1-3 (page 73); Chapter 5, exercises 1 – 4, page
102; Chapter 6, exercises 4 – 9, page 124
Discussion Questions: Labor Markets; The results of competition
Reading Assignment: Chapter 9 and 10, pages 181 – 220 ; Chapter
11 and 12, pages 221 – 272
Individual Assignments - Chapter 7, exercises 1 – 4, page 148;
Chapter 9, exercises 8 – 10, page 194
Study Group Assignments - Chapter 7, exercises 6 – 9, page 148;
Chapter 8, exercises 1 – 7, page 175; Chapter 9, exercises 1 – 3, page
194; Chapter 10, exercises 1 and 2, page 216; Work on final project
Discussion Questions: Social regulation: Gross domestic product
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
10
Course Schedule
Econ 101 | Macroeconomics
Student Weekend Course Schedule
Session
Loc.
Class Title
Assignments
03 A
F2F
Macroeconomic
Balance
Monetary Issues
•
•
•
•
03 B
F2F
Economic Policy
•
•
•
•
•
•
•
04 A
online
Macroeconomic
Balance
Monetary Issues
•
•
•
•
•
04 B
online
Economic Policy
Global Economics
Submit group
project final paper
home
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expectations
•
•
•
•
•
•
Reading Assignment: Chapters 13 and 14, pages 273 – 315 and be
prepared to discuss in class; Chapters 15 and 16 , pages 317 – 365;
Chapters 17 and 18, pages 368-407
Individual Assignments: Read and review chapters 11 and 12; Quiz
#2, in class, chapters 9 – 12; Read and review chapters 13 and 14 ;
Individual update on team project
Study Group Assignments: none
In Class Assignments - Role-play on unemployment to illustrate
issues addressed in the topics covered (see instructor’s manual);
Facilitate and review individual and group assignment exercises
from chapters 9 and 10; Discuss progress on group projects; Work
on group project
Reading Assignment: Chapters 17 & 18 pages 369-406
Individual Assignment: Review Quiz #2 and discuss homework
exercises.
Activity/Team Assignment: Discussion/Role Play on World Trade
Organization.
Reading Assignment: none
Discuss final presentation.
Discuss chapters 15 – 18
Activity/Team Assignment: Debate on Globalization.
Reading Assignment: Chapter s 15 and 16, monetary issues, pages
317 – 365; Chapter s17 and 18, pages 369 – 406
Written Assignment:
Individual Chapter 11, exercises 1, 4 and 6, page 242; Chapter 13,
exercises 1 – 3, page 289.
Team: Chapter 11, exercises 9 and 10, page 242; Chapter 12,
exercises 15 – 17, page 269; Chapter 13, exercises 7 – 9, page 289;
Chapter 14, exercises 3, 5 and 8, page 310; Work on final project
Discussion Topic: Market Equilibrium, Federal Reserve
Written Assignments Individual. Chap 15, exercises 1-5, page 340,
Chap 16, exercises 6 and 7, page 364
Study Group Assignment, Chap 15, exercises 7 and 8, Chap 16,
exercises 10-14, page 364.
Discussion Topic: Fiscal Policies and Economic Growth
Reading Assignment: Review Chapters 17 & 18, pages 369-406
Submit group project final paper
Discussion Topic: market equilibrium
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
11
Course Schedule