Principles of Macroeconomics
ECON 2301 003
Instructor: Maryann Jacobs
Summer 2012
Monday, Tuesday, Wednesday, Thursday and Friday
10:45am – 12:45pm
June 4 2012 – June 29 2012
Bowie High School
Instructor Information
Maryann Jacobs
512-662-4836
mjacobs1@austincc.edu
Wednesdays 12:45 – 2:45
Phone
Email
Office Hours
Course Description
Principles of Macroeconomics deals with consumers as a whole, producers as a whole,
the effects of government spending and taxation policies and the effects of the
monetary policy carried out by the Federal Reserve Bank. Macroeconomics is
concerned with unemployment, inflation and the business cycle.
Required Text
Macroeconomics, Michael Parkin 10th edition
Lab Access
My Econ Lab
Course name ECON 2301-003 05815 Bowie Jacobs
Course ID
XL0X-81PN-801Z-7D02
Instructional Methodology
20%
20%
Homework Assignments
Quizzes
20%
Projects
Programs, Policy, Global Trading)
20%
Midterm Exam
20%
Final Exam
100 %
(Chapters 1-8 and 10-14)
(Chapters 1-8 and 10-14)
(Specialization, Stock Market, Social
(Multiple Choice)
(Comprehensive)
Total
Course Rational
This course is meant to give students insight into the dynamics of our national economy.
The knowledge gained in the course will make students better informed citizens and
allow them to follow the debates over national economic policy reported in the news
media. This course is also a foundation course that will prepare students to be
successful in upper division finance, marketing, business administration, economic,
government and social work courses.
Common Course Objectives/Student Outcomes as established by the economics
department
Students who complete this course will be able to understand:
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
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The meaning of unemployment and inflation data and how that data is collected
and computed
The meaning and components of the National Income Accounts, especially GDP
The meaning of the business cycle and its phases
How to manipulate the basic Aggregate Supply, Aggregate Demand model of the
macro economy
How fiscal policy operates, its tools, and its advantages and drawbacks
How a fractional reserve banking system works
How monetary policy operates, its tools and its advantages and drawbacks
Course Evaluation
Homework
20% Homework assignments are completed and graded in
class. Students who miss a class will be expected to complete the
homework assignment in My Econ Lab outside of the classroom.
.
Quizzes
20% Quizzes are completed in My Econ Lab outside of the
classroom. My Econ Lab registration instructions are attached.
Each chapter has one quiz for a total of 13 quizzes assigned. Due
dates of quizzes appear in Course Outline. Final quiz grade will be
calculated using 10 quiz scores (the three lowest scores will be
dropped).
Projects
20% Projects are completed in class in small groups or teams.
Projects (Specialization, Stock Market, Unemployment and Policy)
are graded based on participation and each project makes up 25%
of the project grade total.
Midterm Exam
20% The Midterm Exam consists of 50 multiple choice
questions covering the first half of the course (chapters 1-7). A
review for the midterm will be given in class Thursday 6/14 and
the midterm will be given Friday 6/15
Final Exam
20% The Economics Department’s Comprehensive Final Exam
will be given Friday 6/29/2012, the last day of class. The Final
Exam consists of 50 multiple choice questions. A review for the
Final Exam will be given Thursday 6/28/2012.
Final Grades
A
B
C
D
F
90% - 100%
80% - 89%
70% - 79%
60% - 69%
Below 60%
Course Policies
Withdrawal:
Any student who misses three consecutive lecture dates or five total lecture dates will
be withdrawn from the course.
Attendance:
Students are not required to attend class however materials discussed in class will
appear on quizzes and exams. Also, see withdrawal policy.
Incompletes:
Incompletes will be determined on a student to student basis.
Scholastic Dishonesty:
Acts prohibited by the college for which discipline may be administered include
scholastic dishonesty, including but not limited to cheating on an exam or quiz,
plagiarizing and unauthorized collaboration with another in preparing outside work.
Academic work submitted by students shall be the result of their thought, research or
self-expression. Academic work is defined as, but not limited to tests, quizzes, whether
taken electrically or on paper, projects, either individual or group, classroom
presentations, and homework.
Students with disabilities:
Each ACC campus offers support services for students with documented physical or
psychological disabilities. Students with disabilities must request reason able
accommodations through the Office for Students with Disabilities on the campus where
they expect to take the majority of their classes. Students are encouraged to do this
three weeks before the start of the semester.