course syllabus
b l e n d e d
m o d e l
student version
evening classes
Principles of
Macroeconomics
ECON 101
home
Cover
about
expectations
resources
course
overview
learning
outcomes
Benedictine Hallmarks 2011-2012
STABILITY  STEWARDSHIP
IDEA
schedule &
sessions
next
course syllabus
Addresses the educational
needs of adult students by
developing and providing
engaging, relevant and
accelerated programs.
blended model
ECON 101
Enhances scholarship,
leadership skills, social
responsibility, and promotes
life-long learning.
Provides high-quality, easily
accessible educational
opportunities for adult
learners.
Principles of Macroeconomics
Enables adults to earn
specific undergraduate and
graduate degrees while
maintaining their personal and
professional commitments.
student version
contents links
about this document
about Moser College
about blended learning
hallmarks of a Benedictine education
student expectations
attendance policy
submission of work
netiquette
_________________________
IDEA objectives & IDEA description
course overview
required textbooks
grading scale
learning outcomes
course schedule
external links
financial aid
library resources
Academic Honesty Policy
APA formatting and style
APA resources for students
Student Success Center (SSC)
services for students with disabilities
_________________________
Benedictine Current Students
Moser Center Student Information
Student Login to D2L
Student E-Mail Login
Academic Calendars
BenUConnect  MyBenU
Develops new degree and
non-degree programs that
address the expressed needs of
the professional community.
Moser College Mission
Statement: Moser College
embodies the values of respect,
excellence, collaboration, and
professionalism. We are
committed to delivering
innovative and dynamic
programs designed for adult
students who are dedicated to
enhancing their professional,
local, and global communities.
Moser College Vision
Statement: To be one of the
premier university colleges in
the nation.
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience
Discipline  Humility  Stewardship  Hospitality  Community
Benedictine
University
home
about
expectations
Margaret and Harold Moser Center
1832 Centre Point Circle
Naperville, IL 60563
resources
course
overview
learning
outcomes
Phone: (630)schedule
829-6289&
IDEA
sessions
Fax: (630) 829-1375
moser college mission and vision
2
Content Links
Principles of Macroeconomics | ECON 101
About Your Program at Benedictine University – Moser College
About This Document
This is a hypermedia document – it has been built to mimic navigation on the
web. This document can also be viewed as a presentation or it can be printed
like a traditional document. We use this sort of document because it allows for
navigation links (hyperlinks) to text, graphics, audio/video, and the web. This
type of document also allows you to navigate in a nontraditional, nonlinear way
– by following the page links you are not bound to read or flip through the
document in any sort of order. This is yet another example of Moser College’s
commitment to advancements in technology and blended learning.
About Moser College
The Moser College of Adult & Professional Studies delivers its curricular
programs in a specifically designed structure deliberately oriented for working,
adult learners. The Moser College is committed to providing a learning
environment which extends beyond the classroom and is designed specifically
to meet the needs of its students and their employers by bringing a quality
educational experience without requiring the student to relocate or travel
extensively beyond their home area. Benedictine University's Moser College of
Adult & Professional Studies is fully accredited by the Higher Learning
Commission of the North Central Association of Colleges and Schools*.
* web path
Benedictine Univ
Academic Programs
Moser College
About Blended Learning
Blended learning is the integration of different learning environments: mainly
the online format with the face-to-face format, but may also include mobile
learning. Blended learning, also referred to as hybrid learning, relies on both
the advantages of digital/technology innovation and the methods of face-toface instruction. At Moser College, we use blended learning by combining
asynchronous online classroom sessions with a face-to-face classroom
environment. We alternate between the online session and the face-to-face
session in 5-week courses, with the A session being face-to-face and the B
session being online.
hallmarks of a Benedictine Education:
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
3
About
Principles of Macroeconomics | ECON 101
The Ten Hallmarks of a Benedictine Education
A Benedictine Education
Based on the Rules of Saint Benedict, a Benedictine
Education is based on the Benedictine Wisdom
Tradition that sets as its goals the transformation of the
Human mind AND Heart and has at its foundation “The
Ten Hallmarks of a Benedictine Education”.
The Ten Hallmarks
Each academic year Moser College will be celebrating
two of the Hallmarks. This academic year 2011-2012,
the Hallmarks Stability and Stewardship have been
chosen. The ten hallmarks are:
1. Love of Christ and Neighbor
2. Prayer: a Life marked by liturgy, lection and
Mindfulness
3. Stability: commitment to the daily life of this place,
its heritage and tradition
4. Conversatio: the way of formation and
transformation
5. Obedience: a commitment to listening and
consequent action
6. Discipline: a way toward learning and freedom
7. Humility: knowledge of self in relation to God,
others and creation
8. Stewardship: responsible use of creation, culture
and the arts
9. Hospitality: openness to others
10. Community: call to serve the common good
home
about
expectations
resources
Portrait (1926) by Herman Nieg
(1849–1928); Heiligenkreuz Abbey, Austria
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
4
Hallmarks
Principles of Macroeconomics | ECON 101
Student Expectations
Expectations of Students
In order to get the maximum use of the time available, it is expected that you
will:
•
Read the material to be covered in the class and complete required
assignments prior to attending the class/session;
•
Arrive/login to class/session prepared to participate actively;
•
Be prepared to actively participate in the collaborative activities of each
class/session; and
•
Always feel free to seek additional help from the instructor when the need
arises.
Attendance Policy
Students may not miss more than 25% of the live classroom sessions. Doing so
will result in an F for the course.
financial aid information
Submission of Work
All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor.
Assignments must be submitted by due date. Any assigned work submitted late for any unexcused
reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L.
In the event that you miss an examination for due cause, arrangements must be made with the
instructor for a make-up examination. Important criteria concerning the submission of work:
•
Make-up examinations may differ from the original class examination.
•
Per University policy, assignments cannot be accepted by an instructor after the last day of the course.
•
Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes.
information concerning netiquette:
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
5
Expectations
Principles of Macroeconomics | ECON 101
About Netiquette
What is Netiquette?
"Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online
experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about
courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with
one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and
other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you
would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well.
Netiquette Basics
1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”)
2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice
3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may
not be appropriate in a classroom or in an online conversation with an instructor
4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing
links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs
and headers and 6) limiting your use of attachments
5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier
for the poster, but it is not easier for the reader
Inappropriate Online Usage
1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often
online then in face-to-face interaction, because there is an illusion of anonymity.
2. Flaming is neither productive nor appropriate for the learning environment
3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar,
punctuation and spelling corrections
4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often
seen as a form of aggression
5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language
Confidentiality and Privacy
1.
2.
3.
4.
Email, messaging and posting are forms of written record and are just as permanent as a letter or document
Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.)
Respect copyright and cite any and all sources
Do not expect that your communications are private, instead assume all communications are public
For more information please review Netiquette by Virginia Shea
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
6
Netiquette
Principles of Macroeconomics | ECON 101
Individual Development and Educational Assessment
IDEA Objectives
•
Acquiring skills in working with others as a member of a team.
•
Developing creative capacities (writing, inventing, designing,
performing in art, music, drama, etc.)
•
Gaining a broader understanding and appreciation of intellectual/
cultural activity (music, science, literature, etc.)
•
Developing skill in expressing oneself orally or in writing.
•
Learning how to find and use resources for answering questions or
solving problems.
•
Developing a clearer understanding of, and commitment to, personal
values.
•
Learning to analyze and critically evaluate ideas, arguments, and
points of view.
•
Acquiring an interest in learning more by asking questions and
seeking answers.
IDEA Description
The IDEA student survey focuses on the instructor’s learning objectives for the course and on the
progress each student made toward achieving those objectives. By answering thoughtfully and
honestly, your ratings and comments will be much more helpful – to the instructor, the department
chair, and the dean of the college. As students, you should also know that student ratings and
comments have been used to help evaluate courses and to improve the educational experience at
Benedictine University. The appropriate standard of conduct with respect to student surveys is
thoughtful comments and constructive criticism – respectfully communicated.
A Focus on Learning
“The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than
emphasizing teaching style or personality, the IDEA system focuses on student learning and the
methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
7
IDEA
Principles of Macroeconomics | ECON 101
Student Evening Course Overview
Course Description
Determination of income, employment, and the price level. Effects of fiscal and monetary policies.
Course Materials
Required Textbook and Materials
Boyes, William & Melvin, Michael (2013). Fundamentals of Economics, (6th Ed.) New York, NY:
Cengage. ISBN 978113395610
Suggested Course Materials
Wall Street Journal, Investors Business Daily, cnbc.com, forbes.com,
Technological Computer Requirements
Students in the Blended program will need: High-speed Internet access; a sound card and speakers;
Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or
higher. It is also highly recommended that students have access to a microphone or webcam for
optional audio/videoconferencing.
Discussion Forum Guidelines
The Course Grading Scale
A
=
4.00
90 - 100%
EXCELLENT
B
=
3.00
80 – 89%
GOOD
C
=
2.00
70 – 79%
SATISFACTORY
D
=
1.00
60 – 69%
PASS
F
=
0.00
BELOW 60%
FAIL
I
=
INC
INCOMPLETE
home
about
expectations
resources
To receive a minimum passing grade, students must
make a post to each discussion question for that
week by day 4 of each week and respond to at least
two other postings by the end of the week. Individual
Posts are worth up to 5 points and the total
Response Posts are worth up to 5 points total. Each
discussion will total up to 10 points.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
8
Course Overview
Principles of Macroeconomics | ECON 101
Student Evening Course Outcomes
Wk
Learning Objective
Assignment
Explain and Illustrate PBL
PBL Example: Free Markets
Explain how price is established by means of
Supply & Demand.
Chapter 1-3 questions
5 pts
Distinguish between free markets and
government intervention.
Chapter 1-3 questions
5 pts
1B
Analyze the free markets
Topic: Free Market. Discussion Post and two Response
Posts on D2L
10 pts
2A
Assess your knowledge.
Quiz 1 – covering chapters 1-3
25 pts
Create Total Cost, Average Cost & Marginal Cost
curves.
Chapter 4-6 questions
5 pts
Explain price elasticity.
Chapter 4-6 questions
5 pts
Explain and Illustrate PBL
PBL Example: Price Elasticity
2B
Model price elasticity.
Topic: Price Elasticity. Discussion Post and two
Response Posts on D2L
10 pts
3A
Assess your knowledge.
Quiz 2 – covering chapters 4-6
25 pts
Compare Monopoly, Monopolistic Competition &
Oligopolies.
Chapter 7-9 questions
5 pts
Interpret market failures and to big to fail.
Chapter 7-9 questions
5 pts
1A
Pts
Explain and Illustrate PBL
PBL Example: Financial Crisis
3B
Analyze the cause of the great recession of 2008.
Topic: To Big to Fail. Discussion Post and two Response
Posts on D2L
10 pts
about Bloom’s Taxonomy
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
9
Learning Outcomes
Principles of Macroeconomics | ECON 101
Student Evening Course Outcomes
Wk
4A
Learning Objective
Assignment
Pts
Assess your knowledge.
Quiz 3 – covering chapters 7-9
25 pts
Discuss why Aggregate Supply & Demand curves
shift.
Chapter 10-12 questions
5 pts
Compare the different types of unemployment.
Chapter 10-12 questions
5 pts
Explain and Illustrate PBL
PBL Example: GDP, CPI & PPI
4B
Measure unemployment
Topic: Unemployment. Discussion Post and two
Response Posts on D2L
10 pts
5A
Assess your knowledge.
Quiz 4 – covering chapters 10-12
25 pts
Develop Total Cost, Average Cost & Marginal Cost
curves.
Chapter 13-15 questions
10 pts
Distinguish between Monetary & Fiscal Policy and
their respective responsibilities.
Problem based learning paper: Fiscal and Monetary
Policy
50 pts
Examine the key differences between fiscal and
monetary policy.
Topic: Fiscal & Monetary Policy. Discussion Post and two
Response Posts on D2L
10 pts
5B
Total Points for the Course
Discussion Questions
10 points each x 5
= 50 points
20% of the total points
Chapter Questions
10 points each x 5
= 50 points
20% of the total points
Quizzes
25 points each x 4
= 100 points
40% of the total points
PBL project
25 points each x 1
= 50 points
20% of the total points
Total Points for the Course
= 250 points
100% of the total points
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
10
Learning Outcomes
Principles of Macroeconomics | ECON 101
Student Evening Course Schedule
Session
Loc.
Class Title
Assignments
01 A
F2F
Economics & the Free
Market Process
•
•
•
•
•
•
no pre-assignment for session 1A
Review Chapter 1-3 of textbook.
Chapter 1 Study Guide key matches, page 19.
Chapter 2, Practice questions 2-10 page 55
Chapter 3, Practice questions 1-5 page 76.
PBL Example: Free Markets (steps 1-6).
01 B
online
Economics & the Free
Market Process
•
•
•
•
•
Discussion #1 – The Free Market.
* Assignments are due before class and are required to be
submitted to the dropbox in D2L.
Chapter 1: Quick check quiz questions 1-5 page 20.
Chapter 2: Quick check quiz questions 1-10 page 54-55.
Chapter 3: Quick check quiz questions 1-8 page 75-76.
02 A
F2F
Cost, Profit Maximization &
Competition
•
•
•
•
•
•
Quiz #1 covering Chapters 1-3.
Review Chapter 4-6 of textbook.
Chapter 4: Practice questions 1-5 page 91.
Chapter 5: Practice questions 1-5 page 106.
Chapter 6: Study Guide key match page 126-127.
PBL Example: Price Elasticity (steps 1-6).
02 B
online
Cost, Profit Maximization &
Competition
•
•
•
•
•
Discussion #2 – Price Elasticity.
* Assignments are due before class and are required to be
submitted to the dropbox in D2L.
Chapter 4: Quick check quiz questions 1-9 page 90-91.
Chapter 5: Quick check quiz questions 1-5 page 105-106.
Chapter 6: Quick check quiz questions 1-10 page 127-128.
03 A
F2F
Government Intervention &
Free Markets
•
•
•
•
•
•
Quiz #2 covering Chapters 4-6.
Review Chapter 7-9 of textbook.
Chapter 7: Study Guide matching page 151.
Chapter 8: Practice questions 1-10 page 179.
Chapter 9: Study Guide matching page 199.
PBL Example: Financial Crisis (steps 1-6).
03 B
online
Government Intervention &
Free Markets
•
•
Discussion #3 – To Big to Fail.
* Assignments are due before class and are required to be
submitted to the dropbox in D2L.
Chapter 7: Quick check quiz questions 1-10 page 151-152.
Chapter 8: Quick check quiz questions 1-2 page 179.
Chapter 9: Quick check quiz questions 1-10 page 199-200.
•
•
•
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
11
Course Schedule
Principles of Macroeconomics | ECON 101
Student Evening Course Schedule
Session
Loc.
Class Title
Assignments
04 A
F2F
Unemployment, Inflation and
Macroeconomic Equilibrium
•
•
•
•
•
•
Quiz #3 covering Chapters 7-9.
Review Chapter 10-12 of textbook.
Chapter 10: Practice questions 6-11 page 223-224.
Chapter 11 Practice questions 1-10 page 248.
Chapter 12: Study Guide key match page 272.
PBL Example: GDP, CPI, PPI (steps 1-6)
04 B
online
Unemployment, Inflation and
Macroeconomic Equilibrium
•
•
Discussion #4 – Unemployment.
* Assignments are due before class and are required to
be submitted to the dropbox in D2L.
Chapter 10: Quick check quiz questions 1-10 page 222223.
Chapter 11: Quick check quiz questions 1-10 page 247.
Chapter 12: Quick check quiz questions 1-10 page 272273.
•
•
•
05 A
F2F
Fiscal & Monetary Policy
•
•
•
•
•
Quiz #4 covering Chapters 10-12.
Review Chapter 13-15 of textbook.
Chapter 13: Practice questions 1-15 page 293.
Chapter 14: Study Guide key match page 313-314.
Chapter 15: Study Guide key match page 343-344.
05 B
online
Fiscal & Monetary Policy
•
•
Discussion #5 – Fiscal & Monetary Policy
* Assignments are due before class and are required to
be submitted to the dropbox in D2L.
Chapter 13: Quick check quiz questions 1-10 page 292.
Chapter 14: Quick check quiz questions 1-9 page 314.
Chapter 15: Quick check quiz questions 1-10 page 344.
•
•
•
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
12
Course Schedule