PIMA COMMUNITY COLLEGE
EAST CAMPUS
FALL 2014
ECN202 - MACRO ECONOMICS
MONDAY AND WEDNESDAY
INSTRUCTOR: Don Roberts
HOME PHONE: 749-4630
PIMA DIRECT LINE: 206-7633
FAX: 749-5375
E-mail: droberts@pima.edu
Web site: http://ecc.pima.edu/~uncledon/
OFFICE HOURS:
Monday through Thursday
ECN202 10:10 to 11:25 am
Monday and Wednesday
CRN 10501
Classroom: Bldg. E1 – 10 7
Email : uncledon@pobox.com
7:00 a.m. To 8:40 a.m.
COURSE OBJECTIVES:
1. Describe and define macroeconomics terms and concepts.
2. Apply macro analysis models to contemporary economic problems to include productivity, the
deficit, unemployment and inflation.
3. Be able to calculate GDP.
4. Be able to describe and explain the functions of The Federal Reserve System.
5. Define money and its’ functions.
6. Be able to compute and apply marginal propensity to consume and average propensity to
consume.
7. Compute and apply money multipliers.
COURSE TEXT BOOK:
We will use the text titled, Principles of Economics, 2014, 3rd Edition by Timothy Taylor,
ISBN 1-930789-26-2. The text is available in our bookstore and bundled with the online Sapling
home work problems. Both are required. The text can also be purchased online through
Textbook Media, http://www.textbookmedia.com. The home work problems are available through
Sapling Learning, http://www2.saplinglearning.com/. If you find a used copy of the 2nd edition of
the text, that edition can be used and you can purchase the online home works directly from
Sapling Learning.
A Study Guide is available but not required.
I suggest that you use The Wall Street Journal (WSJ), and The Economist for most of your
outside readings, especially Business majors. These two publications tend to be balanced and
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unbiased. Both of these publications are available through the Pima Library. After logging into the
Pima web site, use your student ID and log into My Pima, in My Pima click the library tab and
follow the following links: go to Library Search, the fifth tab down is Library Guide, once in Library
Guide Browse guide by subject; select Business, once in business select BUS 100 East Campus.
Once in the BUS 100 tab you will see most of the direct business publication you will be able to
select and access them.
GRADING POLICY:
The number of points you earn throughout this semester will determine your course grade. I will
determine your course grade according to the point scale as indicated on the Grade Sheet, page
8. Please record your grades on the attached Grade Sheet (Page 9) and monitor your progress
in this course. Remember you are responsible for your grade.
I will issue an "I" (Incomplete) grade under conditions as follows: Incompletes will be given only in
cases of genuine emergency and then only if an absolutely minimal amount of work needs to be
completed. Incompletes are not awarded simply because a student doesn’t come to class for the
last several weeks or because a student doesn’t take the last examination. If there is a genuine
emergency that may cause a student to be unable to complete the class the instructor must be
notified in writing before the last day of class. Genuine emergencies are events such as a death
in the immediate family or serious medical problems. Leaving Tucson before the last day of
class, medical or dental appointments or visiting friends and relatives do not constitute
emergencies. See Classroom Guidelines, item # 8.
I reserve the option to drop you from the class in the event you fail to attend three (3)
consecutive sessions without prior coordination. If you are absent four or more classes, I reserve
the option to drop you from this course. In the event that this occurs after November 12, 2014, I
will determine your grade based on the course grading criteria contained in this syllabus.
Prior to class, I expect you to read the chapters as assigned in the course calendar. By being
prepared for class we will be able to discuss the material within each chapter and allow me to
elaborate on the points that the author makes.
You may earn points for the following activities:
1. Attendance and Class Participation: Two Hundred Fifty (250) points are possible for perfect
attendance. Beginning with the class session Wednesday, September 3, 2014 you will lose ten
points for each class session missed or for lack of your participation in class activities. The five
exam days are omitted for attendance Tardiness is very disruptive. Being late to class will result
in the loss of five points for each time you are late. For special needs, I will negotiate in this area
on a case-by-case basis.
2. Online Home Work Problems: You are required to complete 17 Chapter practice quizzes
online with Sapling Learning. Each chapter as listed for each course quiz on page 5 of this
syllabus. The chapter quizzes are specifically written for the Taylor text and consist of ten
objective questions. Where appropriate each question will require calculation and/or
interpretation of graphs. Each question is weighted one point, or ten points for a perfect quiz
score. If you miss a question on the first attempt, you will be allowed a second attempt for an
80% score for that question or .8 points for a correct response.
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Since these quizzes are designed to prepare you for the course exams, you must complete the
appropriate quizzes prior to the corresponding exam dates listed in our calendar.
You will be required to pay a fee of $29.95 for the use of the program. You are required to pay
with a credit card. The instructions and link to Sapling Learning are listed below:
(1.) Go to http://saplinglearning.com<http://saplinglearning.com/>
(2.) a. If you already have a Sapling Learning account, log in, click "View Available Courses",
then skip to step 3.
b. If you have Facebook account, you can use it to quickly create a Sapling Learning account.
Click "create account" located under the username box, then click "Login with Facebook".
The form will auto-fill with information from your Facebook account (you may need to log
into Facebook in the popup window first). Choose a password and time zone, accept the
site policy agreement, and click "Create my new account". You can then skip to step 3.
c. Otherwise, click "create account" located under the username box. Supply the requested
information and click "Create my new account". Check your email (and spam filter) for a
message from Sapling Learning and click on the link provided in that email.
(3.) Find your course in the list (listed by school, course, and instructor) and click the link.
(4.) Select your payment options and follow the remaining instructions.
(5.) Once you have registered and enrolled, you can log in at any time to complete or review your
homework assignments.
(6.) During sign up -- and throughout the term -- if you have any technical problems or grading
issues, send an email to support@saplinglearning.com<mailto:support@saplinglearning.com>
explaining the issue. The Sapling support team is almost always more able (and faster) to
resolve issues than your instructor.
3. Exams; I will test you on five (5) parts of the text. The value (points) you may earn on each
exam is presented on page 8. These tests will be objective (multiple choices) and will be
individual effort. We will complete an extensive critique of each exam. Each exam will cover
material in the text as indicated by chapters/parts and material I present in class including videos.
Page five (5) is a brief outline of the text chapters and is annotated to indicate the chapters
included in each exam. I reserve the right to include short essay type question on all exams. For
the first four exams I will allow groups (in Class) to redo the exam using books and notes. If you
improve your grade by 5% as a result of the redo, I will raise your exam grade by 5%, I reserve
the right to increase the bonus dependent upon class performance. You must complete each
exam, in class, on date indicated. I will allow make-up exam in the Testing Center on a case by
case basis; however, it must be complete prior to the critique date for each exam. THERE ARE
NO MAKE UPS AFTER THE DATE OF THE EXAM CRITIQUE. This option will not be available
for Exam 4b the last course exam. You must complete Part 7b Exam on or before the date
scheduled. There is no make-up of any exams after this date. Failure to complete Part 74b Exam
by this date will result in a zero grade.
NOTE: Critiques are an important part of learning the material. If you complete exams as
scheduled and attend the critiques as scheduled, you will be allowed to increase you grade by
5% on the four exams. If you fail to take the exam as scheduled you will not be eligible to
participate in the exam redo. The first four exams should be taken on the dates indicated on the
course calendar. The first four exams can be made up in the Testing Center; however, the
makeup must be completed by the scheduled critique date. After this date NO MAKEUPS. This
option does not apply to the last exam. The last exam must be taken as scheduled – no
makeups.
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NOTE: I grade exams on a percentage correct basis, the numbers correct divided by the total
number of questions on that exam. The percentage will be multiplied by the number of points
allotted for that exam to determine the number of points you earned. The next page is the course
Grade Sheet. All graded material will be returned to you and you are responsible to record
grades and monitor your progress in this course.
4. The last page of this document is a Syllabus Receipt. You must return the receipt, signed, by
Wednesday, November 12, 2014. If you fail to return the receipt I will assume you want me to
withdraw you from this class. By signing the receipt, you are acknowledging that you understand
the contents of this syllabus.
5. Page 8 is the course Grade Sheet. I will return all graded material to you. It is your
responsibility to record grades and to be aware of your progress in this course. A FINAL NOTE: I
am always available for help on a scheduled basis. Your grade will reflect your efforts. Good
Luck.
6. In the East Campus Library we have Timothy Taylor’s Thirty-six Lecture Series on DVDs.
These DVDs are for in library use only and supplement his text. I encourage you to take the time
to view these award winning lectures. Each Lecture is Forty-Five minutes in duration. Page 5 is
the Table of Contents listing the subject matter of each lecture. I will use some of these recorded
lectures in class as indicated on the Course Calendar. If you miss the recorded lecture you have
the opportunity to view it in the Library.
7. Your responsibility is to read the chapters assigned as assigned in the Course Calendar. A
good student will review and be prepared to discuss the chapter review questions. At this point I
will not require you to submit written response to these questions.
8. Pima Community College is committed to providing accommodations for qualified individuals
with disabilities in a timely and effective manner. To request a reasonable accommodation,
students must be registered with the campus Disabled Student Resources (DSR) office.
Accommodations will be made based on eligibility determined by Disabled Student Resources.
Services can be requested at any time during the semester. Requesting services well in
advance will help to ensure that resources are available when needed. Please contact a DSR
office at 206-4500 or DSRhelp@pima.edu.
Available at the reference desk in our library are the following Great Courses Series. All of the
lectures are presentations by outstanding professors who are experts in in their fields. If you
have questions about economic concepts and terminology, please take the time to review the
content of these college level presentations. These DVD sets are copyrighted media and must be
viewed in the library. And
Economics by Tim Taylor (Our Author) 36 Lectures similar to content of our text
Modern Economic Issues (6 disc DVD set) and 1 guidebook
Understanding Investments (4 disc DVD set) and 1 guidebook
Why Economics Rise or Fall (4 disc DVD set) and 1 guidebook
Money and Banking: What Everyone Should Know
Uncle Don
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Principles of Economics 3nd Edition by Tim Taylor, 2014. Brief Table of Contents
Macroeconomics ECN202 Fall 2014
Part I: The Interconnected Economy
1. The Interconnected Economy
2. Choice in a World of Scarcity
Part 1 Exam
3. International Trade
Part II: Supply and Demand
4 Demand and Supply
5 Labor and Financial Capital Markets
6 Globalization and Protectionism
Part III: The Fundamentals of Microeconomic Theory
7 Elasticity
8 Household Decision Making
9 Cost and Industry Structure
10 Perfect Competition
11 Monopoly
12 Monopolistic Competition and Oligopoly
Part IVa: Microeconomic Policy Issues and Applications
13 Competition and Public Policy
14 Environmental Protection and Negative Externalities
15 Technology, Positive Externalities, and Public Goods
16 Poverty and Economic Inequality
Part IVb: Microeconomic Policy Issues and Applications
17 Issues in Labor Markets
18 Information, Risk, and Insurance
19 Financial Markets
20 Public Choice
Part V: The Macroeconomic Perspective and Goals
21 The Macroeconomic Perspective
22 Economic Growth
Part 5 Exam
23 Unemployment
24 Inflation
25 The Balance of Trade
Part VI: A Framework for Macroeconomic Analysis
26 The Aggregate Supply – Aggregate Demand Model
27 The Keynesian Perspective
Part 6 Exam
28 The Neoclassical Perspective
Part VIIa: Monetary and Fiscal Policy
29 Money and Banking
Part 7a Exam
30 Monetary Policy and Bank Regulation
31 Exchange Rates and International Capital Flows
Part VIIb: Monetary and Fiscal Policy
32 Government Budgets and Fiscal Policy
Part 7b Exam
33 Government Borrowing and National Savings
34 Macroeconomic Policy Around the World
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The Great Course Economics 3rd Edition Timothy Taylor
Lecture One
Lecture Two
Lecture Three
Lecture Four
Lecture Five
Lecture Six
Lecture Seven
Lecture Eight
Lecture Nine
Lecture Ten
Lecture Eleven
Lecture Twelve
Lecture Thirteen
Lecture Fourteen
Lecture Fifteen
Lecture Sixteen
Lecture Seventeen
Lecture Eighteen
Lecture Nineteen
Lecture Twenty
Lecture Twenty-one
Lecture Twenty-Two
Lecture Twenty-Three
Lecture Twenty-Four
Lecture Twenty-Five
Lecture Twenty-Six
Lecture Twenty-Seven
Lecture Twenty-Eight
Lecture Twenty-Nine
Lecture Thirty
Lecture Thirty-One
Lecture Thirty-Two
Lecture Thirty-Three
Lecture Thirty-Four
Lecture Thirty-Five
Lecture Thirty-Six
Part I
How Economist Think
Division of Labor
Supply and Demand
Price Floors and Ceilings
Elasticity
The Labor Market and Wages
Financial Markets and Rate of Return
Personal Investing
From Perfect Competition to Monopoly
Antitrust and Competition Policy
Regulation and Deregulation
Negative Externalities and the Environment
Part II
Positive Externalities and Technology
Public Goods
Poverty and Welfare Programs
Inequality
Imperfect Information and Insurance
Corporate and Political Governance
Macroeconomics and GDP
Economic Growth
Unemployment
Inflation
The Balance of Trade
Aggregate Supply and Aggregate Demand
Part III
The Unemployment-Inflation Tradeoff
Fiscal Policy and Budget Deficits
Countercyclical Fiscal Policy
Budget Deficits and National Saving
Money and Banking
The Federal Reserve and Its Powers
The Conduct of Monetary Policy
The Gains of International Trade
The Debates over Protectionism
Exchange Rates
International Financial Crashes
A Global Economic Perspective
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Class Guidelines
As a college student enrolled in an academic course, you are expected to adhere to the standards of
behavior outline in the Student Code of Conduct and the Scholastic Ethics Code.
Specific Guidelines
Learning requires a time investment on your part. A minimum time investment is two to three hours per unit
per week (e.g. nine hour per week for a three-unit class) in addition to the time spent in class. I will update
the web site when changes are made.
1. If you are absent from class for any reason, you have assumed the responsibility for learning, on your
own, the material presented in that class period, obtaining a copy of the class notes, announcements,
assignments made in class, and preparing for the next class. Be sure and link up with a classmate to
accomplish the above.
2. You are responsible for knowing the information in the class syllabus given to you by myself, including my
name and the class starting time.
3. Outside assignments must be submitted when requested or by due dates, using specified format. There
is no make up of exams. Exams must be taken before the critique date of each exam. I will negotiate this
requirement on a case by case basis.
4. You must be officially enrolled to attend class. If you miss more than three classes I may, at my option,
withdraw you for lack of attendance. I reserve the right to withdraw you from this class for disruptive
behavior, which includes talking during lectures. Please refer to the Student Code of Conduct.
5. Tardiness is a very disruptive behavior. Know what time the class begins and arrive on time. If you
have a problem – please discuss it with me.
6. Certain devices – cellular phones, radios tape player and the like – should not be brought into
classroom unless cleared by myself. Please set your pager to vibrate.
7. Cheating is grounds for dismissal from class and a grade of “F”. Please refer to the Pima College
Scholastic Ethics Code.
8. Incomplete (I) grades are rarely awarded and are always at my discretion. You must request in writing
that I award an “I” grade. Your request must cite extenuating circumstances that support the granting of an
incomplete, Extenuating or exceptional circumstances would include, but not limited to, your hospitalization
or the death of an immediate family member. At the time of the request you must be passing and have
completed at least four-fifths (4/5s) of the course.
9. We are not allowed to bring children into classrooms, laboratory or work areas. Children will not be left
with working college employees to supervise. Children are not to be left in the library or at other College
indoor or outdoor areas unsupervised. Non-registered students are not allowed to attend classes or
laboratories.
10. Turn off all electronic devices during class. Class interruption is a violation of the student code of
conduct. A violation can lead to your removal from this class. Text messaging during class will result in a
zero grade for class participation for that class period. Since we have an online text you may use you laptop
in class; however, playing games or accomplishing requirements for other courses will result in a zero grade
for class participation.
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ECN202 MACROECONOMICS CNR 10501
Fall 2014
MONDAY AND WEDNESDAY
POINTS
ASSIGNED
ACTIVITY AREA
1. Attendance: Lose 10 points for each
unattended class and five points if tardy or
for lack of participation.
2.
EARNED
250
_____
170
_____
Part 1 Exam
Ch’s 1 through 3
80
_____
Part 5 Exam
Ch’s 21 through 25
150
_____
Part 6 Exam
Ch’s 26 through 28
150
_____
Part 7a Exam
Ch’s 29 through 31
150
_____
Part 7b Exam
Ch’s 32 through 34
100
_____
Sapling online home work problems
17 Chapters @ 10 points each
3 . Course Exams:
Total:
1,050
*Each exam will include questions from outside readings assigned
during the study of corresponding chapters. Outside reading will be
found on the course calendar and assigned during lectures
POINTS
800 or greater
700 - 799
600 - 699
500 - 599
000 - 549
_____
GRADE
A
B
C
D
F
Final Letter Grade Earned
_____
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SYLLABUS RECEIPT
ECN202 MACROECONOMICS
Fall 2014
MONDAY AND WEDNESDAY
CRN 10501
I, (Please Print) ________________________________HAVE RECEIVED A
SYLLABUS FOR THIS COURSE ON (DATE)________________. I HAVE READ AND
UNDERSTAND THE CONTENTS OF THIS SYLLABUS, AND I ACKNOLEDGE THE
RECEIPT OF THE PIMA COLLEGE STUDENT RIGHTS AND RESPONSIBILITIES:
OVERVIEW.
_______________________________
SIGNED
_______________________________
DATE
If you have an e-mail address please share your e-mail address.
My e-mail address:
My home and/or cellular phone numbers are:
Cellular phone:
Home phone:
*Please forward a test e-mail to: droberts@pima.edu Indicate that you are a member of
E202 M/W
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