Main Campus · Arts and Sciences · Arts Media and Social Sciences
Prin of Macroeconomics
ECO-101
Spring 2024 Section 251W 3.00 Credits 01/29/2024 to 05/02/2024 Modified 01/26/2024
 Contact Information
Lewis Metcalf
Email: lmetcalf@parkland.edu
Office: Online
Phone: 2173586234 (7am-9pm only please)
Office Hours
Fridays 6:00pm-8:00pm
 Meeting Times
Online
 Course Description
(IAI S3 901) Introduction to the American economic system. Covers basic economic concepts, including
market analysis, followed by an emphasis on macroeconomic topics such as measures of overall
economic performance, the monetary system, and economic policy.
Requisites
Placement out of ENG 099
 Course Objectives
The objectives of this course are to introduce the student to the economic concepts of scarcity and choices;
supply and demand; the functions of government in a market-based economy; the business cycle; and the
monetary system.
 Learning Outcomes
This course meets the following Parkland College General Learning Outcomes:
Reasoning and Inquiry - Students will demonstrate their ability to solve problems using deductive
reasoning and logic, quantitative reasoning, or the scientific method.
Course Specific Outcomes:
Overview of Economics, Microeconomics vs. Macroeconomics
Explain the role of scarcity in the science of economics.
Explain the differences and similarities in macro and micro economics and the difference between
positive and normative economics.
Demand and Supply, and the Role of Government in the Market Economy
Explain the laws of supply and demand and how they interact.
Explain the effects which various kinds of government spending and taxes have on a market economy.
The Circular Flow of Income and Product, and National Income and Product
Diagram the flow of goods, services, and money through the economy.
Calculate and define the five major social accounts used in national income accounting, and explain
how price indexes are used to adjust various economic data for price change.
Stabilization Policy Goals and Planned Expenditure
Explain the assumptions and goals of Keynesian economic theory.
List the four components of aggregate demand and describe the effect each of those components has
on the economy as a whole.
The Multiplier Theory and Fiscal Policy
Explain the theory of the multiplier and how the multiplier works itself out in the economy.
Describe how the multiplier theory is used to determine the equilibrium level of income and output.
Financial Intermediaries and Regulations and the Money Supply
Describe the purposes and functions of financial intermediaries and the Federal Reserve System.
Define money and the money supply, and explain how the Federal Reserve uses monetary policy to
expand and contract the money supply and the role of the money multiplier.
The Money Market and General Equilibrium Analysis
List the factors which affect the demand for money and explain the forces which cause equilibrium
and disequilibrium in the money market.
Describe general equilibrium analysis and how monetary policy interacts with fiscal policy.
Unemployment and Inflation
Explain the quantity theory of money, the Phillips curve, and the kinds of inflation that can occur.
Discuss current issues in fiscal and monetary policies.
 Grading
The grade in this class will be calculated as a percentage of the total points. Assignments are
“weighted” by being worth more points, so the percentage is calculated by dividing the total points
earned by the total points available in the course up to that point. The grading scale is below:
A – 90% and above
B – 80-89%
C – 70-79%
D – 60-69%
F – below 60%
There will be 803 total points in the class.
Grades in this course will come from six major sources:
● Homework in MindTap (the textbook website). Students have three attempts at each question.
There is one per chapter, worth 10 points each
● News analysis in MindTap, they have varying point values.
● Discussions in Cobra. Not all chapters have a discussion requirement. Some may be from
current topics in the news, so watch email for announcements about these discussions. Not all
units will have a discussion.
● Writing assignment in Cobra, worth 100 points
● Unit tests in MindTap. There is a test worth 100 points over each unit; these tests will usually
have a time limit of 90 minutes. Note that tests may be taken only once, but they are openbook exams.
● Keep an eye out for extra credit. It will be offered randomly throughout the class.
All assignments may be accessed by clicking on the Content tab.
Questions about the assignments in MindTap and Cobra should be e-mailed to me or posted on the
Q&A discussion board. I will be very happy to provide direction and an explanation of the material.
Homework assignments and discussion postings are often subjective and there may be more than one “rig
ht” answer. Be sure to support your answer by stating reasons why you believe it is correct.
Tests may not be repeated, but please look over them after they are graded. Please also contact me
immediately if there are “broken” graphs in quizzes or tests. Feel free to e-mail me with any
questions. Remember that you may use notes while you're taking the unit tests!
Extensions: Each student is allowed one (and only one) 48 hour extension. Requests for extensions
must be made prior to the assignments due date.
 Course Policies
You will begin working by reading any news items on the course home page and then going to the
Content page in Cobra. Under the Table of Contents, click on Introduction. Start by opening and
reading the “Getting Started” document carefully, and then follow the directions. All the information
you need to complete each chapter is found in the checklist. I reserve the right to make changes to
any part of these documents and the due dates listed below throughout the semester! This will be an
infrequent occurrence, and you will be notified by e-mail if there are changes.
All assignments may be accessed by clicking on the Content tab. Each unit has MindTap exercises,
quizzes, and a test, but not all units have discussions and homework.
Questions about the assignments in MindTap and Cobra should be e-mailed to me. I will be very happy to
provide direction and an explanation of the material. Homework assignments and discussion postings are
often subjective and there may be more than one “right” answer. Be sure to support your answer by stating
reasons why you believe it is correct.
Tests may not be repeated, but please look over them after they are graded. Please also contact me
immediately if there are “broken” graphs in quizzes or tests. Feel free to e-mail me with any questions.
Remember that you may use notes while you're taking the unit tests!
Extensions: Each student is allowed one (and only one) 48 hour extension. Requests for extensions must
be made prior to the assignments due date.
Parkland College believes that the basis for personal and academic development is honesty. Personal
commitment, honest work, and honest achievement are necessary characteristics for an educated
person. Dishonesty is unacceptable. See Student Policies and Procedures.
In an online class, there are many opportunities for students to cheat, but we need to clarify what that
means in this course. Bear in mind that other instructors may have different standards. In this class, it is
acceptable to use your notes and textbook materials while completing any assignment. Other than on
tests, it is acceptable to work with a classmate. However, you should not turn in homework that is nearly
identical to that of another student with whom you were working. If you are not sure whether you have
collaborated too much, e-mail me and let me know that you were working together and I will provide some
guidance.
There are only a few unacceptable practices in this class. It is unacceptable to copy and paste answers
from any written or internet source. It is unacceptable to share quiz and test questions (or similar course
materials) with another student in this class or another class, or to accept course materials from another
student. It is unacceptable to accept assistance from any person while you are taking an exam; you must
work alone. It is also unacceptable to access test questions provided by students who have already taken
the test or that may be found online from various sources. These are very serious violations. If I suspect
that a student is cheating, I may require that the student take one or more additional exams under
proctored conditions. If there are further violations, the student will be reported to the Dean for Academic
Services. The ultimate penalty for academic dishonesty is expulsion from Parkland College, but less
severe penalties such as receiving a zero for the assignment or failing the course may be imposed.
I want to make it clear that it is my goal for every student to succeed in this course. If you are considering
withdrawing, it would be wise to consult with me first, although you are not required to do so. In many
cases, there are ways for a student to improve his or her grade, making withdrawal unnecessary.
The deadlines for dropping and withdrawal can be found on the course home page in Cobra. Please
remember that dropping and withdrawing from classes may have an impact on your financial aid eligibility,
so it is a good idea to speak with a financial aid advisor before making these decisions. For your protection,
you should read pages 47 and 48 of the Catalog for more details about withdrawal from courses.
 Schedule
Move Schedule Entry Item Down Edit Schedule Entry item Delete Schedule Entry item
All Units are due at 11:59 pm on Sunday with the exception of the Final
Exam The chapters will be open early, so you may wish to use the
weekends to get ahead.
Every assignment in a Unit is due when the Unit is due. All Units are due at 11:59 pm on
the due date.
Introduction: Sunday, Feb. 4
Unit 1: Sunday, Feb. 11
Unit 2: Sunday, Mar. 10
Unit 3: Sunday, Apr. 7
Unit 4: Sunday, May 5
Final Exam: Wednesday, May 8
 Learning Resources
Academic Advising and Career Services
Your academic success advisor is your partner for academic success at Parkland! Meet with your
advisor regularly to develop your academic plan, select courses, plan your transfer or career path, and
connect with support resources. You can contact your advisor directly, or reach advising staff by calling
217/351-2219, by email at academicadvising@parkland.edu, or in room U267. Look up your advisor’s
contact information on Student Planning, or schedule an advising appointment using our online service
at www.parkland.edu/advisingappointment (http://www.parkland.edu/advisingappointment).
Co-located in room U267, Career Services offers one-on-one advising sessions to assist students in
exploring interests, skills, and values to select their college majors and career goals, as well as
assistance with resume writing, interviewing skills, and other job search strategies. Contact career
services by email at careerservices@parkland.edu or through the website at
www.parkland.edu/careerservices (http://www.parkland.edu/careerservices).
Accessibility Services
Students with disabilities are encouraged to contact Accessibility Services
(https://www.parkland.edu/Main/About-Parkland/Department-Office-Directory/CounselingServices/Accessibility-Services) to discuss a range of options, including accommodations for removing
documented learning barriers in the course. Students are always encouraged to communicate with
their instructor to address their learning needs in the class, with all accommodations being approved
by Accessibility Services. In accordance with Section 504 of the Rehabilitation Act of 1973 and Title II of
the Americans with Disabilities Act of 1990 (ADA), Parkland College will not discriminate against
qualified individuals based on disability in its services, programs, or activities.
Students who have a disability or have reason to believe that they have a disability impacting learning
and who may need accommodations are encouraged to contact Accessibility Services either in person
at room U260, by phone at 217/353-2338, or by email at accessibilityservices@parkland.edu.
Counseling Support Center
Your mental health is critical to your overall health and to your success at Parkland College. The
Counseling Support Center is focused on helping you develop and reach your goals and improving
your well-being. Individual supportive counseling appointments can be made by calling 217/351-2219,
visiting room U238, or by email at counselingservices@parkland.edu. If you feel you are at risk of
immediate harm to yourself or others, take immediate action: call the crisis line at 217/359-4141,
text “START” to 741-741, call 988. For a medical emergency, call 911, or go directly to the closest
emergency room.
Parkland College’s Counseling Webpage (parkland.edu) (https://www.parkland.edu/Main/AboutParkland/Department-Office-Directory/Counseling-Services/Mental-Health-Counseling) lists a wide
variety of support groups, positive coping tools, and community resources for students and their
families.
The Learning Commons and Library
If you need help to complete assignments, stay on top of readings, prepare for tests, or just have a
place to study, the Learning Commons, located in the College Center in R201, is here to help. You can
reach the Learning Commons online at Learning Commons (https://parkland.edu/learningcommons),
by email at learningcommons@parkland.edu, or call 217/373-3839. All of our services are available in
person or online.
The Parkland College Library (http://library.parkland.edu) is located inside the Learning Commons in
R201 and is a comfortable place to study, research, browse our collections, and work with friends.
Printers and scanners are also available.
Librarians are available for research help in person, through email, and by chat on the Library website.
Full-text databases are available online 24 hours a day, 7 days a week. You may access these
databases from off-campus using your ParklandOne login, along with ebooks, audiobooks, and
streaming services.
Your Parkland ID is your library card. You may renew library materials online in the Parkland Library
catalog or call 217/353-2223. Laptops, Kindles, headphones, and more can be checked out at the
Learning Commons Main Desk.
Presentation Center
The Presentation Center (parkland.edu)
(https://www.parkland.edu/Main/Academics/Departments/Fine-and-Applied-Arts/Areas-ofStudy/Communication/Presentation-Center), part of the Learning Commons in X227, provides help
developing, organizing, and practicing individual or group presentations, including outline development
and even coping with speaking anxiety. The Presentation Center is available to all students, faculty, and
staff on a drop-in basis. For additional information, send an email to presentationcenter@parkland.edu,
or contact Coordinator Julie Weishar at jweishar@parkland.edu.
Writing Lab
The Writing Lab, part of the Learning Commons in R201, is a free, walk-in service where writing faculty
can help you with any writing project—from getting started to citing sources correctly—as well as with
transfer essays, job application letters, and other writing projects. You can also find many useful
handouts, including about MLA and APA documentation, online at Writing Resources | Parkland College
| SPARK: Scholarship at Parkland (https://spark.parkland.edu/wl/).
School Supplies Pantry: If you need pens, pencils, notebooks, etc., stop by the Writing Lab to see if the
School Supplies Pantry has what you need. The supplies are donated to the pantry and are available to
you at no charge. The Pantry is open whenever the Writing Lab is open.
Computer Technology Center
The Computer Technology Center, part of the Learning Commons in X231, provides you with
opportunities to complete computer courses using a self-paced format, as well as gain assistance with
computer skills from qualified staff and peer tutors. You can complete free tutorials that cover basic
computer literacy skills, or a select from a variety of low-cost, open-enrollment courses covering
topics from keyboarding to advanced-level Microsoft Office applications. See the CTC Website
(https://www.parkland.edu/Main/Academics/Departments/Business-Computer-ScienceTechnologies/Explore/Computer-Technology-Center) for more information.
Public Safety/Campus Police Department
The Parkland College Police Department, (https://www.parkland.edu/Main/AboutParkland/Department-Office-Directory/Public-Safety) also known as Public Safety, is a full-service
police agency covering the campus 24 hours a day, including holidays. The officers are trained as
EMTs and First Responders to provide emergency medical care. The Police Department offers many
services which include escorts, lost and found, and vehicle assists. During normal operations, the
college hours are 7 a.m. to 10 p.m. Monday through Friday and 7 a.m. to 4 p.m. on Saturdays. The
campus is closed on Sundays and holidays.
You can reach this department by:
Visiting the main Public Safety office at A160
Calling 217/351-2369
Dialing 911 from a campus phone
Using emergency call boxes conveniently located throughout the exterior of campus
Tech Service Desk
The Tech Service Desk is a one-stop shop for Parkland students seeking help with Parkland
technologies, including email, Cobra Learning, Wi-Fi, ParklandOne, Microsoft Office 365, and more. You
may contact the Tech ServiceDesk in several ways: call 217/353-3333; submit a ticket; or visit them in
room A184. Additionally, the college subscribes to a 24/7 tech support service specifically for Cobra
Learning. You can find the 24/7 CobraSupport widget on the main Cobra homepage or you can
navigate directly to the Brightspace support site. Finally, you may opt to search for help articles on the
Parkland College KnowledgeBase.
During the spring/fall semesters, the Tech Service Desk hours are 7:30 a.m. to 6 p.m. Monday through
Thursday and 7:30 a.m. to 5 p.m. on Fridays. During the summer, they are closed on Fridays.
 Institutional Policies
The syllabus is an outline of what you will be taught in class and a list of relevant rules, policies* and services
of the college. There is a different syllabus for every class. Please read the syllabus for every class you take
at Parkland so you will know what to expect.
*If you are a dual credit student taking Parkland classes at your high school, please see your instructor for
specific policies that relate to you.
Parkland College Mission
The mission of Parkland College is to engage the community in learning.
Parkland College Core Values
Honesty and Integrity, Fairness and Just Treatment, Responsibility, Multiculturalism, Education, and
Public Trust are the core values at Parkland College.
Parkland College Civility Statement and Code of Conduct
Civility means treating each other with kindness and respect. At Parkland College we expect all faculty,
staff, and students to:
Respect people and property
Be tolerant of people's differences
Show concern for and fairness towards others
Be thoughtful and patient
Be responsible for your own actions
You are responsible for your own behavior. This includes watching your language and actions
whenever you are on campus. Please, think before you act! You are expected to respect yourself, your
fellow students and your instructors. You have joined the Parkland College academic community. Be a
good member of the community. For questions or concerns, email the Dean of Students at
DeanofStudents@parkland.edu.
View the official Student Handbook (https://www.parkland.edu/audience/current-students/studentpolicies-procedures) and Conduct Code (https://www.parkland.edu/Main/AboutParkland/Administration/Dean-of-Students/Parkland-College-Student-Conduct-Code).
General and Course Learning Outcomes
Every course at Parkland College has specific learning outcomes that are identified in a Course
Information Form (CIF). You are welcome to ask your instructor or department chair for a copy of the
CIF. Course learning objectives should also be found in your specific course syllabus.
Attendance
If you must miss class, please let your instructor know. Every instructor has their own attendance
policy, and you should read the syllabus for each of your classes to know the rules. Only your
instructors can decide whether an absence is excused. They also will decide if you can turn in late
work or makeup work.
Extended Absence from Classes
If you are absent for more than one day due to an emergency, accident, illness or hospitalization, you
or your family need to contact the Office of the Dean of Students at DeanofStudents@Parkland.edu or
submit this Absence Form (https://cm.maxient.com/reportingform.php?
ParklandCollege&layout_ id=2) so that your instructors will be notified.
Absences Due to Religious Observances
If you need to miss class for a religious observance, please plan ahead and fill out a Religious
Observance Accommodation Request Form (https://cm.maxient.com/reportingform.php?
ParklandCollege&layout_ id=3) and send it to your instructor and to DeanofStudents@Parkland.edu. If
approved, your instructors can help you keep up with your course work.
Academic Honesty
It is your job as a student to be honest and do your own work. If an instructor believes that a student
has cheated, they will take steps listed in the Student Policies and Procedures Manual. If a student is
accused of cheating or academic dishonesty they have the right to defend themselves.
Some Examples of Academic Dishonesty:
Copying someone else’s work or allowing your work to be copied
Using someone else’s work as your own
Getting help on an assignment or test when it is not allowed
View the Student Handbook (https://www.parkland.edu/Main/About-Parkland/Administration/Deanof-Students/Student-Handbook) and Conduct Code (https://www.parkland.edu/Main/AboutParkland/Administration/Dean-of-Students/Parkland-College-Student-Conduct-Code) for the full
Academic Honesty policy.
AI - Artificial Intelligence
Before using AI tools such as ChatGPT, ask your faculty if and how these tools may be used in your
coursework. Your work should be your own and individual instructors will set different rules for the use
of AI.
Email
Parkland College uses email as an official means of communication. All Parkland students are issued
an official Parkland email account which should be used for instruction, instructional support, advising,
and all college-related correspondence. Faculty will communicate with students through their
Parkland email addresses and are not expected to use students’ personal email addresses. Parkland
College faculty and students have the right to send communications via email and expect those
communications to be read in a timely fashion. Parkland email users are expected to comply with and
are subject to all Federal, State, and College rules, regulations, and procedures when using email.
Users are responsible for safeguarding their username and password and for using them only as
authorized. Sharing email accounts and/or passwords with another person or attempting to obtain
access to another person’s account is prohibited. Each user is responsible for all email transactions
made under the authorization of his or her Parkland email username. Confidentiality or privacy of
electronic mail cannot be guaranteed. Messages sent through the Parkland email system should be
respectful in tone and language.
Health and Safety Expectations in the Classroom
Parkland is working to keep students, faculty, and staff safe and healthy. Students are encouraged to
decide for themselves if they want to wear masks or not. No one is required to wear a mask, and
everyone should respect the individual's right to decide what is best for them. We recommend that all
members of the campus community practice good hand hygiene and work with faculty to keep up with
coursework if illness makes coming to campus difficult.
Names and Pronouns
Students have the option to inform Parkland College of their chosen first name. The chosen first name
will appear on the class roster as well as within other campus systems. Please see the chosen name
information on our website for more information. To change their name, the student needs to
complete the Chosen Name request form. If there are questions about the process, students can
contact Admissions and Records at admissions@parkland.edu.
Withdrawal from a Class Section
Once you sign up for a course, you will remain in the course until you ask to be removed, or an
instructor withdraws you.
In the first week of a class session, you may drop the class with no record and you will receive a full
refund of tuition and fees.
At the end of the first week of class, instructors check attendance. If you have not been to class or
participated in class activities during the first week, you will be removed from the class by your
instructor. In online classes, just logging in is not considered attending. Your instructor should provide
some assignment or activity due in the first week of class that confirms attendance. It is important that
you complete that activity in the first week to avoid being withdrawn. There will be no refund of your
tuition and a grade of W will be given.
After the first week of class, if you want to stop taking a class it is your responsibility to withdraw
yourself from the class. However, if you are failing a course due to violations of the academic honesty
policy or failing a clinical course in a Health Professions program, you may not be permitted to
withdraw. See the appropriate division dean if you have questions.
Until the mid-term (half-way) point of a class, your instructor may remove you from the class if you
stop attending for two or more weeks. This can happen even if you do not wish to stop being in the
class. This means that there will be a W entered as your course grade. If you miss two weeks of
assignments or postings in an online class, your instructor may decide that you have stopped
attending. It is important to stay in touch with your instructor if you are unable to attend or are falling
behind in your work.
After the half-way point in the class only you can remove yourself from a class. If you stop attending,
but do not ask to be withdrawn from a class, you will be given the grade that you earned in the class.
The last date for students to withdraw with a "W" is 5 p.m. on the last business day prior to the last
week of instruction.
Below is all the information, due dates, and forms you need for dropping or withdrawing from Spring
2024 classes depending on the start and end dates of the course.
DROP REQUEST
Course will not be a part of your academic record
Tuition refunded
Instructions for dropping a class can be found here: drop-withdraw (parkland.edu)
(https://www.parkland.edu/Main/About-Parkland/Department-Office-Directory/AdmissionsRecords/Drop-Withdraw-a-Class)
WITHDRAWAL REQUEST
Final grade posted as W
No tuition refunded
Instructor signature needed
Financial Aid and Veterans Services signature needed
Form must be submitted to Office of Admissions and Records in-person OR online as an
attachment.
Spring 2024 Drop and Withdrawal Deadlines
Classes that begin the week of January 8:
January 14 - Last day to drop with 100% refund for classes that begin the week of January 8
February 23 – Last day to withdraw from classes (no refund) that end the week of February 26
April 26 – Last day to withdraw from classes (no refund) that end the week of April 29
Classes that begin the week of January 29:
February 4 - Last day to drop with 100% refund for classes that begin the week of January 29
April 26 – Last day to withdraw from classes (no refund) that end the week of April 29
Classes that begin the week of March 4:
March 10 - Last day to drop with 100% refund for classes that begin the week of March 4
April 26 – Last day to withdraw from classes (no refund) that end the week of April 29
Recording in the Classroom
Students who wish to record classroom or other learning activities must ask for permission from the
instructor. Even if you have permission to record classroom learning activities, those recordings are
only for your personal study and review and may not be used for any other reason.
Students with disabilities who have an approved recording accommodation through Accessibility
Services may record classroom and learning activities. Permission for recording of classroom learning
activities is given solely for the student’s personal study and review and may not be used for any other
purposes.
Title IX - Sexual Harassment, Violence, and Sex-Based
Misconduct
We are committed to providing a safe and productive educational environment for all students. To
meet this commitment and to comply with Title IX of the Education Amendments of 1972 and
guidance from the Office of Civil Rights, the college requires faculty members to report incidents of
sexual harassment, violence, and sex-based misconduct shared by students to the college’s Title IX
coordinator, Vice President for Student Services, Dr. Michael Trame. The only exceptions to the faculty
member’s reporting obligation are when incidents of sexual harassment, violence, and sex-based
misconduct are communicated by a student during a classroom discussion, in a writing assignment for
a class, or as part of a college-approved research project. Faculty members are required to report
sexual violence or any other abuse of a minor (any person under 18 years of age) to the Illinois
Department of Children and Family Services (DCFS). Information regarding the reporting of sexual
harassment, violence, and sex-based misconduct and the resources that are available to victims of
sexual harassment, violence, and sex-based misconduct is available at “Title IX Sex-Based Misconduct
(parkland.edu) (https://parkland.edu/Main/About-Parkland/Safe-Campus-Procedures/Title-IXHarassment-Discrimination).”
Title IX - Pregnancy
Title IX of the Education Amendments of 1972 provides pregnant students with certain rights regarding
their education. For more information, please click Pregnancy Support to submit a form. You can also
contact Dr. Marietta Turner, Dean of Students, at 217/351-2505 or email
DeanofStudents@parkland.edu.