GORDON STATE COLLEGE
DEPARTMENT OF BUSINESS AND PUBLIC SERVICE
COURSE NUMBER AND TITLE: ECON 2105-M PRINCIPALS OF MACROECONOMICS
SPRING SEMESTER 2015: T/TR 7:30PM – 8:45PM HENRY COUNTY 9004 CRN 300
GENERAL INFORMATION
Instructor: Gary A. Norman
Office: RUSSELL 329
Phone/email: 678-359-5380/gnorman@gordonstate.edu
Office Hours: M/W 1:00PM – 4:00PM
T/R 1:00PM - 3:00PM RUSSELL 329 / 6:00PM – 7:00PM HENRY COUNTY
NOTE: Request an appointment by emailing gnorman@gordonstate.edu
TEXT AND OTHER MATERIALS:
COREMACROECONOMICS 3RD ED. CHIANG & STONE, WORTH PUBLISHERS, A MACMILLAN
HIGHER EDUCATION COMPANY 2014
Economic websites: www.bls.gov Bureau of Labor Statistics
www.federalreserve.gov The Federal Reserve
www.conference-board.org The Conference Board
www.cia.gov The Central Intelligence Agency
COURSE DESCRIPITION
A class in principles of economics (macroeconomics) is intended to introduce students to
concepts that will enable them to understand and analyze economic aggregates and evaluate
economic policies. It includes the foundation of economic analysis, understanding the concepts
of demand and supply and price determination, money and credit systems, determining the
level of aggregate macroeconomic activity, the impact of globalization on macroeconomic
activity, and identification of underlying social goals.
COURSE OBJECTIVES:
The specific educational goals of this course are:
a. To provide an introduction to the forces of supply and demand and their relationship to
price.
b. To present the basic macroeconomic concepts of market theory, economic models, and
money and banking.
c. To develop and understand of the reasoning behind government policy decisions
concerning inflation and unemployment.
d. To increase the student’s awareness and understanding of the United States economic
system and to evaluate the merits of comparative economic systems.
e. To assess the international market place and the role of trade in the global marketplace.
METHOD OF INSTRUCTION:
This is a lecturer centered course. Lecture PowerPoint slides provided by the text will be used
to assist in explaining key points., In addition, the relevant economic websites listed above
will be used extensively.
EVALUATION METHODS:
Your final grade will be determined by your performance on exams (3), a writing project, class
participation and a final exam. Other variables such as attendance, completion of reading
assignments, and interest will be considered in a final determination of grades.
Exams/ 3
= 30%
Writing Project
= 20%
Class Participation = 20%
Final Exam
= 30% = 100%
Students are required to track attendance and grades received during the term. A log is
provided for this purpose on my website and will be explained the first day of class. Excessive
absences (over 5) and late to class will result in a grade of C or lower on class participation. A
strategy for success is provided and can be found on my website. Following the strategy will
also be considered as a factor in determining class participation scores.
No make-up exams will be given unless the student has received permission to make up the
exam prior to the scheduled date. Students are required to provide a scantron for exams.
The project will be explained the first day of class. Also, notes are posted on my website.
COURSE CALENDAR: WEEK OF:
A strategy for reading, reviewing and preparing for exams is provided on my website. It is
required that students read/study the chapters scheduled prior to the first lecture. And, I have
prepared chapter review materials and posted on my website by chapter and is to be
completed by the final class period of the week.
January 5th/week 1
- Course Introduction
January 12th/week 2 - Chapter 1: Exploring Economics & Chapter 2: Production, Economic
Growth, and Trade
January 19th/week 3 - Monday MLK Day – No Classes
Chapter 3: Supply and Demand
January 26th/week 4
- Chapter 4: Markets and Government
Exam #1 Thursday 29th
February 2nd/week 5
- Chapter 5: Introduction to Macroeconomics
February 9th/week 6
- Chapter 6: Measuring Inflation and Unemployment
February 16th/week 7 - Chapter 7: Economic Growth
February 23rd/week 8 - Chapter 8: Aggregate Expenditures
March 2nd/week 9
- Chapter 9: Aggregate Demand and Supply
Exam #2 Thursday 5th
March 9th/week 10
- Spring Break
March 16th/week 11
- Chapter 10: Fiscal Policy and Debt
March 23rd/week 12
- Chapter 11: Savings, Investment, and the Financial System
April 6th/ week 13
- Chapter 12: Money Creation and the Federal Reserve
April 13th/week 14
- Chapter 13: Monetary Policy
Exam #3 Thursday 16th
April 20th/week 15
- Chapter 14: Macroeconomic Policy, Chapter 15: International Trade
April 27th/week 16
- Last Day of Class Wednesday/Final Exam Reviews
May 1st – 6th
Final Exams
NOTE: SUBJECT TO CHANGE AS CIRCUMSTANCES MIGHT REQUIRE
STUDENTS WITH DISABILITIES
Student with a disability that requires assistance or class accommodations or any
accommodations for testing should contact the Office of Counseling Services. ADA Services if
needed must go through the process of receiving approved accommodations through the
Student Counseling and Disability Services Office, Student Center, Room 212, phone 678/3595585.