SYLLABUS ECON 201 TABLE OF CONTENTS: Professor Premnath Spring 2022: Page 2: Contact Information for Professor Premnath Course Description Textbook Information Recommended Readings Page 3: Course-Specific Academic Resources Description of Graded Work and Policies Page 4: Grading Policies Page 5 Academic Integrity Policies Mode of Communication with the Class Classroom Demeanor Policies Attendance Policies and Expectations Page 6 Accommodations Course Withdrawal Information Student Information Link General Education Information for ECON 201 Page 7 – page 11 Schedule of Topics, Required Readings, Assignments and Exams Page 12: Schedule of Assignments, Quizzes and Exams Page 13: Additional Reading/Practice from the Openstax textbook Page 14, 15 and 16: Computer Hardware Requirements and Technical Support for Structured Remote Classes ZOOM Lectures Policies and Procedures Page 17, 18 and 19: EXCERPT from the MC Course Catalog containing a course description and course outcomes Delayed Opening or Closing of the College Guidance College resources for veterans Sexual misconduct policies 1 ECON 201 (CRN 34437)- SYLLABUS Principles of Macroeconomics (3 unit course) Structured REMOTE Class Format via Zoom Spring 2022 (Tues, Thurs, 12:30 p.m. to 3:15 p.m.) 3/29 – 5/12 Deepa Premnath, Adjunct Lecturer Email: deepa.premnath@montgomerycollege.edu Office Hours: After class and by Appointment (Please email me to set up an appointment) Mailbox and Departmental Office Location: HT 314 Business, Economics and Accounting Administrative Office: (240) 567-1956 Course Description: This is an introductory course in macroeconomics. Its primary focus is on the behavior of the market economy as a whole. We will build models that enable us to analyze forces and trends that affect economy-wide phenomena, including inflation, unemployment and economic growth. We will also study the effect of government fiscal and monetary policies on these key economic indicators. Together, we will master the theoretical, methodological and empirical elements of economic theory and apply them to current economic and political policy issues. Course Objectives: The main objective of this course is to make you familiar with the tools and concepts used in economic analysis, especially material you may encounter in future courses in business or economics. Another important objective is that you develop the ability to analyze current economic issues and to evaluate policy options. To this end, we will keep abreast of current business, economics and political events. A related aim is to encourage the use of logic and rigor in theory application. (Additional details are on page 17 of this Syllabus) Readings: Required Text: Principles of Economics 2e, Openstax College, Rice University, 2017. Second edition. You can download a free online copy at https://openstax.org/details/books/principles-economics-2e but I highly recommend you purchase a print copy for approximately $40 on Amazon. Recommended Reading: Students are responsible for reading a daily newspaper (such as the Washington Post) and are encouraged to read a weekly newsmagazine (The Economist is particularly recommended). The Washington Post is accessible online at http://www.washingtonpost.com . The Economist is also accessible online at http://www.economist.com. Both publications are subscribed to by Montgomery College and are available at the college library using the Gale database. 2 Course-Specific Resources: *I will regularly post lecture notes and other resources to help you study on Blackboard. *In addition to the Khan Academy practice quizzes, I highly recommend the following video lectures and interactive quizzes: https://www.mruniversity.com/courses/principles-economics-macroeconomics *MC offers free online tutoring for Economics. The Montgomery College Learning Centers provide academic support resources, including virtual tutoring, to currently enrolled students. All students have access to the STEM Learning Centers, the Academic Success Center, and the Writing, Reading, and Language Centers and Virtual Tutoring by Subject (including Economics). Information about specific learning centers and tutoring schedules can be found at https://www.montgomerycollege.edu/academics/support/learning-centers/virtual-tutoring.html GRADED WORK: Quizzes: You will take eight brief quizzes during the semester. I do not offer make-up quizzes, however I will drop your lowest three quiz scores. Article Analyses: In addition to the required readings, you will be given four assignments (500 words each) asking you to read and analyze two newspaper or magazine articles. I will not accept late assignments, however, I will drop your lowest article analysis grade. Macroeconomic Policy Paper: I will assign a 750-word macroeconomic analysis paper mid-semester. Exams: There are two midterms and a final exam. There will be no make-ups offered for any of the exams. If you miss a midterm, the final exam will be weighted appropriately. If you miss both midterms, you will receive a grade of zero for one midterm and the aforementioned policy will apply to the second midterm. All students have to take the final exam to pass the course. Attendance at Zoom Lectures: *Students are expected to attend all lectures, to arrive on time and to stay for the entire class. Students with excessive absences (per Montgomery College) could be dropped from the class by the instructor. Students who arrive late or leave early will be considered absent. I will take roll during class and an absence will be marked for any student who is not present during roll. *I will post the invitation for each upcoming Zoom lecture on Blackboard (you should see a link to Zoom on the left side of your Blackboard Homepage). For the first couple of lectures, I will also send you the invitation by email to your official Montgomery College email address. Please review the section on classroom conduct (see “Important Policies” on the next page). 3 GRADING POLICIES Your final grade is based on a final exam, two midterms, article analyses, macroeconomic analysis project, quizzes and attendance. Students are required to submit all homework and to take all exams. Please see the following class schedule for information on assignment due dates and exam scheduling (starting on page 7). All Assignments and tests have to be submitted on Blackboard. All Assignments have to be submitted on time and late assignments will not be accepted. You will be graded on content and on presentation and messy or incomplete assignments will not be graded. There will be no make-ups offered for any of the exams. If you miss a midterm, the final exam will be weighted appropriately. If you miss both midterms, you will receive a grade of zero for one midterm and the aforementioned policy will apply to the second midterm. All students have to take the final exam to pass the course. NOTE: Your grade on Blackboard may not reflect your actual grade for the following reasons: 1) BB will drop your lowest 3 quiz and lowest article assignment grade. 2) Students who submit the Extra Credit assignment (worth 4%) by the deadline, will not see this reflected on their Blackboard weighted grade. I will add this to my personal grade book and your final letter grade for the semester will reflect these four points. *A student found cheating on a homework assignment, quiz or exam will receive a grade of zero for that assignment or exam and may be subject to further penalties imposed by the college. Please review the attached link (on the next page) on Plagiarism Montgomery College Guidelines on Academic Dishonesty https://www.montgomerycollege.edu/_documents/academics/support/learning-centers/writing-reading-learningctr-germantown/academic-dishonesty-and-how-it-is-handled.pdf Your final grade for the course will be based on the following: Quizzes (best 5 of 8) Macroeconomic Analysis Midterm #1 Midterm #2 Final Exam Article Analyses (best 3 of 4) Attendance (2 absences allowed) Student Information and Agreement 7% 11% 12% 17% 25% 18% 9% 1% Grade Scale: A: 90-100; B: 80-89; C: 67-79; D: 50-66; F: below 50 NOTE: The Class Schedule of Topics, Readings, Test dates and Assignment due dates begins on Page 7 of this syllabus. 4 Important Policies and Information: Academic Honesty: *A student found cheating on an assignment, paper, quiz or exam will receive a grade of zero for that assignment or exam and may be subject to further penalties imposed by the college. Please review the attached link on Plagiarism. https://www.montgomerycollege.edu/_documents/academics/support/learning-centers/writing-reading-learningctr-germantown/academic-dishonesty-and-how-it-is-handled.pdf In addition, MC’s student code of conduct contains information on academic honesty starting on page 26 https://www.montgomerycollege.edu/_documents/policies-and-procedures/42001-student-code-of-conduct.pdf Communication: Students are expected to check their Montgomery College email accounts and Blackboard regularly, ideally every day. All class information, announcements and updates will be communicated during the Zoom lectures, on Blackboard or to your MC email account. Classroom Demeanor: *Students are expected to arrive on time and remain for the entire class period. You have to be in class at the time I take roll in order to be marked as present. * I expect students to pay full attention during all lectures. Your demeanor during class affects my ability to teach and affects your fellow students’ ability to listen and participate and will therefore affect your grade. Please be respectful of your fellow students and of our collective academic endeavor. *Please turn off cell phones, PDAs and put Failure to do so will affect your attendance grade. them away before class begins. *Eating in class is not permitted. *Side conversations are not permitted. Please share your questions and comments with the entire class. Policies and Procedures pertaining to the ZOOM lectures (including class participation requirements) begin on Page 14 of this Syllabus. Information on Technical support for Blackboard also begins on page 14. 5 Accommodations: *If you require special accommodations please notify me during the first week of the semester. .In order to receive accommodations, a letter from Disability Support Services (G-SA 189; R-CB 122; or TP/SS-ST 122) will be needed. Course Withdrawals It is the student’s responsibility to drop a course. Non-attendance of classes or failure to pay does not constitute official withdrawal. To view specific drop deadlines, log into MyMC: 1) Click on “My Class Schedule” under Student Quick Links 2) Select the current term 3) Click on “View Drop Deadline Dates” at the bottom of the page” Student Information Link: In addition to course requirements and objectives that are in this syllabus, Montgomery College has information on its web site (see link below) to assist you in having a successful experience both inside and outside of the classroom. It is important that you read and understand this information. The link below provides information and other resources to areas that pertain to the following: student behavior (student code of conduct), student e-mail, learning center and academic support facilities, the tobacco free policy, withdraw and refund dates, disability support services, veteran services, how to access information on delayed openings and closings, how to register for the Montgomery College alert System, and finally, how closings and delays can impact your classes. If you have any questions please bring them to your professor. As rules and regulations change, they will be updated and you will be able to access them through the link. If any student would like a written copy of these policies and procedures, the professor would be happy to provide them. By registering for this class and staying in this class, you are indicating that you acknowledge and accept these policies. https://www.montgomerycollege.edu/admissions-registration/student-resources/syllabusresource-list.html **ECON 201 fulfills a General Education Program Behavioral and Social Science requirement. Montgomery College’s General Education Program is designed to ensure that students have the skills, knowledge and attitudes to carry them successfully through their work and personal lives. This course provides multiple opportunities to develop two or more of the following competencies: written and oral communication, scientific and quantitative reasoning, critical analysis and reasoning, technological competency, and information literacy. For more information, please see https://www.montgomerycollege.edu/_documents/academics/general-education-program/2020-2021general-education-course-list.pdf Policies and Procedures pertaining to the ZOOM lectures (including attendance and class participation requirements) begin on Page 14 of this Syllabus General Information about ECON 201 (from the course catalog) and Information about college closings/delayed openings can be found on pages 17-18 of this Syllabus 6 Schedule of Topics, Required Readings, Assignments and Exams: NOTE: This schedule may be amended at the instructor’s discretion if changes are warranted. Any changes will be announced in Zoom class or by email via Blackboard course mail. The main/required readings are from the Openstax textbook. Readings for each topic are listed just after the Unit heading. Students are responsible for ALL in-class material in addition to the assigned readings. Required readings are in green. Exam dates, Quiz dates and Article Assignment due dates, are listed in the schedule. They are italicized and in blue. All assignments and tests have to be submitted on Blackboard Test Tips for Blackboard: Make sure there is only one Blackboard session open at a time. In other words, do not have one window open while you are taking an exam and another open for course navigation. The multiple logins may cause an error. If possible please have only the browser window where you are taking the exam open. Closing all others unrelated browser windows will give you the best chance of completing your assessment without errors. While you are taking your exam you should also close any other programs or applications that are not essential for completely your exam (e.g. RealPlayer, MusicMatch, Adobe Photoshop, QuickTime, Microsoft Outlook, MSN Messenger etc.) If you have a firewall and or anti-virus software installed on your system, you may want to disable it functions while you are taking the assessment only. Please do not press the Backspace (or the Enter) button on your keyboard or click the "Back" button on your browser during your assessment. it is recommended to take an exam or submit an assignment on a laptop or desktop instead of a tablet or phone. Also, it is suggested to use a land line instead of WiFi. CLASS SCHEDULE Note: Since this an accelerated class, we will meet as usual during finals week. Please plan to attend lecture on Tuesday, 5/10 and to take your final on Thursday 5/12. 3/29 (T) Introduction to ECON 201 Required Reading: Class Syllabus Unit 1 Scarcity and Choice Required Reading: Chapter 1 and Chapter 2 Part 1 Introduction to Economics Part 2 Opportunity Cost 7 3/30 (Wed) Student Information Sheet and Class Agreement due 3/31 (R) Unit 1 Part 3 The Production Possibility Frontier Unit 2 Demand and Supply Required Reading: Chapter 3 (Introduction through section 3.4 only) Part 1 The Demand Curve Part 2 The Supply Curve 4/4 (Mon) Quiz #1 (Units 1 and 2) 4/5 (T) Unit 2 (Demand and Supply) Part 3 Market Equilibrium Unit 3 The Role of the Government Required Reading: Chapter 1: Section 1.4 only Chapter 11: Section 11.2 only Chapter 12: Intro,12.1, 12.2 & 12.4 only Chapter 13 Chapter 15: Section 15.5 only Part 1 Capitalism and Free Markets Part 2 The Role of the Government 4/7 (R) Unit 3 (Govt) Part 3 The Role of the Government Unit 4 International Trade Required Reading: Chapter 33 Intro &Sections 33.1, 33.2 & 33.4 only Chapter 34 Intro &Sections 34.1, 34.2 & 34.4 only Part 1 The Theory of Comparative Advantage Part 2 Trade Restrictions 4/9 (Sat) Article Analysis #1 due (Unit 3) 4/11 (Mon) Quiz #2 due (Units 3 and 4) 4/12 (T) Unit 5 Gross Domestic Product (GDP) Part 1 from 12:30 – 1: 15 p.m. Required Reading: Chapter 19 Review for Midterm #1 from 1:20 – 2:10 p.m. Midterm #1 Exam only available from 2:15 p.m. to 3:15 p.m. (on Blackboard.) 8 4/14 (R) Unit 5 (GDP) Part 2 Part 3 GDP Unit 6 Economic Growth Required Reading: Chapter 20 Part 1 Economic Growth After class: Macroeconomic Policy Paper Overview (Part 1 due 4/17) 4/17 (Sun) Part 1 of Macroeconomic Policy Assignment (Extra Credit) due 4/18 (Mon) Quiz #3, Article Analysis #2 due (Unit 5 and Unit 6) 4/19 (T) Unit 6 (Economic Growth) Part 2 Unit 7 Unemployment and Inflation Required Reading: Chapter 21 and Chapter 22 Part 1 Unemployment Part 2 Unemployment 4/21 (R) Unit 7 Part 3 Inflation Unit 8 Aggregate Demand and Aggregate Supply The Required Readings for this topic are broken down by lecture day Required Reading for Parts 1 and 2: Chapter 19 (Section 19.3) and Chapter 24 Part 1 AD-AS Part 2 AD-AS After class: Macroeconomic Policy Paper Overview (Part 2 due 5/1) 4/25 (Mon) Quiz #4 due (Unit 6 and Unit 7) 4/26 (T) Unit 8 AD-AS continued Required Readings for Parts 3, 4 and 5 Chapter 24 Chapter 25 (Introduction and Section 25.1 and 25.2) Chapter 26 (Introduction and Section 26.1) Part 3, 4 and 5 AD-AS 9 4/27 (Wed) Quiz #5, Article Analysis #3 due (Unit 8) 4/28 (R) Unit 9 Fiscal Policy Part 1 from 12:30 – 1:15 p.m. Review for Midterm #2 from 1:20 – 2:10 p.m. (Chapters 19, 20, 21, 22, 24 also sections 25.1, 25.2, 26.1) Midterm #2 Exam only available from 2:15 p.m. – 3:15 p.m. (on Blackboard) 5/1 (Sun) Macroeconomic Policy Assignment due 5/3 (T) Unit 9 Fiscal Policy Required Reading: Chapter 25 Chapter 26: Section 26.2.only Chapter 30 Part 2 Fiscal Policy Part 3 Fiscal Policy Unit 10 Money and Banking Required Reading: Chapter 27 Part 1 What is Money? 5/5 (R) Unit 10 Money and Banking Required Reading: Chapter 27 Part 2 How do Banks “Create” Money? Unit 11 Monetary Policy and Macroeconomic Policy Required Reading: Chapter 28 Chapter 31: Section 31.4 only Part 1 Monetary Policy Part 2 Monetary Policy 5/6 (Friday) Quiz #6, Article Analysis #4 (Unit 9) 5/9 (Mon) Quiz #7 (Unit 10) 10 5/10 (T) Unit 11 contd. (Monetary Policy and Macroeconomic Policy) Part 3 Monetary Policy Part 4 Macroeconomic Policy Course Review Part 1 5/11 (Wed) 5/12 (R) Quiz #8 (Unit 11) Course Review Part 2 (12:30 – 1 p.m.) FINAL EXAM Exam only available on Blackboard (from 1 p.m. – 2:30 p.m only.) 11 Schedule of Assignments, Quizzes and Exams 3/30 (Wed) Student Information Sheet and Class Agreement due 4/4 (Mon) Quiz #1 4/9 (Sat) Article Assignment #1 due (Unit 3) 4/11 (Mon) Quiz #2 due 4/12 (Tues) (Units 1 and 2) (Units 3 and 4) Midterm #1 on Units 1-4 Exam only available from 2:15 p.m. to 3:15 p.m. (on Blackboard) 4/17 (Sun) Extra Credit Assignment (Macro Policy Paper Part 1) due 4/18 (Mon) Quiz #3 due (Unit 5 and Unit 6) Article Assignment #2 due 4/25 (Mon) Quiz #4 due 4/27 (Wed) Article Assignment #3 due Quiz #5 due (Unit 8) 4/28 (Thurs) (Unit 6 and Unit 7) Midterm #2 on Units 5-8 Exam only available from 2:15 p.m. to 3:15 p.m. (on Blackboard) 5/1 (Sun) Macroeconomic Policy Paper due 5/6 (Fri) Quiz # 6, Article Assignment #4 due 5//9 (Mon) Quiz #7 (Unit 10) 5/11 (Wed) Quiz #8 (Unit 11) May 12th (Thursday) (Unit 9) Final Exam (Units 5-11) Exam only available from 1 p.m. to 2:30 p.m. (on Blackboard) 12 Additional Reading/Practice from the Openstax textbook. The most helpful ones for each topic are listed first. The questions in parentheses while good might be a little less useful. Note: The answers to these self-check questions are at the back of the book. Unit 1 Chapter 1 Chapter 2 Unit 2 Chapter 3 Unit 3 Scarcity, Choice and Opportunity Cost Self-Check Questions 1, 3 (and 4). Self-Check Questions 2, 3 (and 5, 7) Demand and Supply Self-check questions 4, 7 (and 1, 3, 9) Role of the Government in the Economy Chapter 12 Chapter 13 Chapter 15 Self-check questions 1 Self-check questions 6, 7 Self-check question 12 (and 6, 9) (and 4, 5, 8) (and 4, 13) Unit 4 Chapter 33 Chapter 34 International Trade Self-check questions 1, 2 Self-check questions 3, 4 (and 7, 8, 11, 13, 19) Unit 5 Chapter 19 GDP Self-check questions 1, 3 (and 2, 10) Unit 6 Chapter 20 Economic Growth Self-check questions 7, 9, 12 (and 11) Unit 7 Chapter 21 Chapter 22 Unit 8 Chapter 24 Chapter 25 Unit 9 Chapter 25 Chapter 30 Unemployment and Inflation Self-check questions 1,2,6,7 Self-check question 10 Aggregate Demand and Aggregate Supply Self-check questions 5, 6, 7, 8 Self-check question 1 13 (and 3, 10, 12) Fiscal Policy Self-check questions 2, 4, 7 (and 2) Self-check questions 13, 14, 15, 19 (and 1, 9, 17, 18) Unit 10 and Unit 11 Chapter 27 Chapter 28 (and 8, 9, 10) Money and Banking and Monetary Policy Self-check questions 1, 2, 3 Self-check questions 1, 2, 3, 7, 8 Computer Hardware Specifications for SRT Classes General Technical Requirements: Computer with internet connection Up-to-date internet browser(s) Webcam and microphone Install at least one alternative browser (i.e. Chrome or FireFox) in addition to the default browsers provided with the operating system (The browser Internet Explorer no longer works with most applications) Hardware: Processor – Intel Core i3 (8th gen, 2 core, 4MB cache, 2.1Ghz and up) RAM (memory) – 4/8GB Drive (disk space) – 128GB Solid State Drive (or 500GB Hard Disk Drive) Web Camera and Microphone Wireless Computer Network (WLAN - 802.11ac) For more information: https://info.montgomerycollege.edu/offices/informationtechnology/services/hardware-specifications.html#generalrequirements TECHNICAL SUPPORT FOR STRUCTURED REMOTE COURSES: This webpage has several links you might find helpful in ensuring your success in our online learning platform. https://www.montgomerycollege.edu/academics/online-learning/distance/index.html If you need technical support with Blackboard, MyMC or with Zoom please contact Montgomery College-supported IT resources Montgomery College IT Service Desk at 240-567-7222 or via e-mail at itservicedesk@montgomerycollege.edu) should be included. This webpage has information about academic and technical support resources at Montgomery College. https://www.montgomerycollege.edu/academics/online-learning/distance/academicresources-and-technical-support.html Policies and Procedures pertaining to the ZOOM lectures Attendance The following conditions could result in an absence during a given virtual class session: 14 Failing to validate presence by responding through video, microphone, or chat while instructor is taking roll. Failing to respond by video, microphone, or chat when prompted by an instructor during the class session. Prompting can include being asked to comment, respond, answer a question, participate in a survey, enter a breakout room, or engage in any other classroom activity. When there is evidence that the student is engaging in other non-classroom related activities that demand high levels of energy and attention simultaneously with the class session. Such activities might include driving, working a job, shopping, and so forth. If you need to step away from the online meeting, please inform the instructor through chat. If a technological issue prevents you from being able to respond during class, please inform your teacher through another communication platform, such as email, as soon as possible. Using Microphones or Cameras for Class Participation The policies around using microphones or cameras for student participation are as follows: 1. Use microphones when possible to offer questions or comments. Please turn off your microphones when you are not speaking to the class. 2. Turn on your video when possible. Just as in an in-person setting, it is helpful to be able to see each other. 3. Because instructors understand there are a range of technological and personal difficulties around cameras and microphones, there will be no contracts, grade penalties, or grade incentives involved with assessing participation through microphone or camera use. However, the skills assessment and attendance sections offer separate policies around microphones and cameras. 4. To protect your private spaces, please use a neutral background (such as a wall) or use an appropriate virtual background (see netiquette guidelines). 5. When using chat in online meetings, make sure those communications are focused on the class. 6. It is okay to keep microphones and cameras off in the following situations: a. When you lack the bandwidth or technology requirements to support the microphone or camera. b. If you require accommodations based on disability documentation or Title IX. c. If you are unable to maintain privacy in your situation. 15 d. If you have a documented personal situation that prevents microphone/camera use. 7. If you have any particular technological issues involving microphones or cameras on a given class day, please communicate your situation, and we can discuss your options. Recording Classes: Please be advised that our remote class sessions will be recorded (in video and audio format), capturing student participation in class discussions or activities. Any student profile image used may be captured in the recording. Based on Family Educational Rights and Privacy Act guidelines, nonstudents are discouraged from listening in during virtual class sessions because those sessions may contain personally identifiable information that is private and should not be disclosed publicly. Students are encouraged to use headphones to help protect privacy in the virtual classroom. Netiquette Statement: Please keep your camera on at all times except when you step away from the class. It is impolite for your classmates to be interacting with a blank screen. If there is a specific reason why you need to turn your camera off, other than to step away, please notify me prior to the start of the class, or if during class, please send me a message in the chat area. Additional classroom decorum pointers Allow each learner to complete his/her thought before responding—this means do not interrupt or intrude with your thought while another is speaking Avoid having side conversations (particularly in the chat area or via phone texting); it is rude not to pay attention Signal when you do not understand something; use a question mark in the chat area, raise your hand (your actual hand or the electronic sticker) to get my attention Share your knowledge by offering help to learners who have questions. Share your experiences that would apply to the discussion Refrain from inappropriate language and remarks, and refrain from disagreements that can lead to personal attacks In all your interactions, remember the other person’s feelings, they can be hurt by what and how you interact with him or her Adhere to the same standards of behavior online that you follow in real life, which includes acting ethically and following rules and regulations Netiquette Video This Virtual Communication Etiquette presentation was developed to help students in our new remote learning environment. 16 EXCERPT from the MC Course Catalog containing a course description and course outcomes: ECON 201 - Principles of Economics I (BSSD, GEEL) CE-R Covers macroeconomics - the study of the economy as a whole. Macroeconomics can help students make personal and business decisions and assess public policy issues throughout their lives. Topics include: supply and demand, national income and product, unemployment, inflation, aggregate supply and demand, economic growth and development, money and banking, monetary and fiscal policy, international trade, and economic systems. PREREQUISITE(S): High school algebra or its equivalent or consent of department. Assessment Level(s): ENGL 101/ENGL 011, MATH 050 , READ 120. Three hours each week. Formerly EC 201. 3 semester hours May not be taken concurrently with MATH 017 or MATH 020 or MATH 045 without appropriate Math assessment score. Course Outcomes: Upon completion of this course a student will be able to: 17 Apply basic economic concepts such as scarcity, opportunity cost, and comparative advantage to everyday life situations. Use the market model to explain how prices are set, quantities are bought and sold and how resources are allocated. Analyze the basic structure of capitalism and contrast with alternative economic systems. Measure unemployment and inflation. Analyze functions of money and the U.S. banking system. Use the model of aggregate supply and demand to examine unemployment and inflation and how these can be affected by government policy. Identify the primary purposes, limitations, and controversies regarding the use of fiscal and monetary policies. Use the model of aggregate supply and demand to examine unemployment and inflation and how these can be affected by government policy. Identify the factors of economic growth for both developed and less developed countries. Examine globalization and its impact on the economy. Measure gross domestic product (GDP) and analyze its shortcomings. Delayed Opening or Closing of the College Because of inclement weather or utility failure or for other reasons, it may be necessary to delay opening or suspend all operations of the College or an individual campus. This section contains general comments about the closing of the College and explains what is expected of the student regarding continuation of coursework in the event that the College is closed due to unforeseen circumstances. Montgomery College will always operate on its regular schedule unless otherwise announced. Depending on the nature of the incident, notifications of emergencies and changes to the College’s operational status will be communicated through one or more of the following means: College emergency responders: Security Officers, Campus Response and/or Support Teams Montgomery College ALERT. Registered users receive text and e-mail messages Montgomery College Emergency Desktop Notification. Scrolling messages are broadcast on College computers Montgomery College website MyMC website Montgomery College student e-mail system Montgomery College employee voice mail. From off-site, dial 240-567-1701 Montgomery College employee e-mail. Montgomery College main phone number at 240-567-5000 Montgomery College cable channel 10 in Montgomery County Commercial radio and TV stations including: Television Channel 4 WRC Channel 5 WTTG Channel 7 WJLA Channel 9 WUSA News Channel 8 Radio WTOP (103.5 FM) WFRE (99.5 FM) - Frederick WAMU (88.5 FM) WFMD (930 AM) - Frederick WMAL (630 AM) All inquiries from the news media regarding an emergency event should be directed to the College’s Office of Communications. How Closing and Delays Impact Classes If a class can meet for 50% or more of its regularly scheduled meeting time OR if the class can meet for 50 minutes or more, it will meet. Montgomery College will always operate on its regular schedule unless otherwise announced. Depending on the nature of the incident, notifications of emergencies and changes to the College’s operational status will be communicated through one or more communication methods including the College’s website. For the most up-to-date information regarding College openings, closings, or emergencies, all students, faculty, and staff are encouraged to sign up for email and text alerts via Montgomery College ALERT. Registration information is available at Montgomery College Eemergency. 18 Veteran’s Services If you are a veteran or on active or reserve status and you are interested in information regarding opportunities, programs and/or services, please visit the Combat2College website. Sexual Misconduct Montgomery College’s Sexual Misconduct Policy & Procedure (31001-CP) and Federal Title IX law prohibit discrimination and harassment on the basis of sex in College programs and activities. Any student who is impacted by sexual harassment, sexual assault, dating and domestic violence, stalking, gender discrimination, pregnancy discrimination, gender-based harassment or retaliation should contact the College’s Title IX Coordinator to make a report and or/access supportive measures and resources. For more detailed information about the College’s response to sexual misconduct or to make a formal complaint visit the College's Title IX webpage. Pregnancy Title IX prohibits discrimination on the basis of sex, including pregnancy and related conditions. The College must give all students who might be, are, or have been pregnant the same access to school programs and educational opportunities as other students. For guidance and obligations related to academic adjustments, accommodations, and support, please see the College’s Title IX webpage. In an effort to proactively provide continuing support to our faculty and students and ensure compliance, a dean, faculty member, pregnant or parenting student who needs information or assistance with arranging academic or other related adjustments and support should contact the Title IX Coordinator, Christopher Moy at 240-567-5412, or christopher.moy@montgomerycollege.edu. 19