Frederick Community College

EC201ONL1—Macroeconomics

Spring 2010

Class begins: 01/23/10

Class ends: 05/14/10

Last Day to Drop: 04/09/10

You must send your email address to the instructor before class begins

Instructor Information:

Name: Dr. Yonnas K. Kefle

Office: N/A

E-mail: ykefle@frederick.edu

Phone Number: 301-846-2507

Office Hours: By appointment

Campus Mail Box #: 231

Course Information:

Credits: 3

On-campus Meetings: None

On-campus Exams: 2

Prerequisites: EN52 or ESL 99

Course Description:

Introduces basic concepts, the national accounts, national income analysis, business cycles and the monetary system with an essentially macro-economic approach.

Core Learning Outcomes:

Students completing this course will be able to:

1. (Goal I) Demonstrate college-level communication skills by

 writing and speaking effective, organized, clear, and grammatically correct English appropriate for a specific subject, purpose, and audience (1)

 interpreting financial and economic written texts (2)

2. (Goal II) Demonstrate critical thinking skills by

 recognizing and interpreting the major concepts and problems related to the market system (4)

 evaluating and analyzing significant economic facts and interpretations (4)

 drawing well-reasoned conclusions based upon the evidence and logical inferences (6)

3. (Goal III) Display general knowledge and historical awareness by

 differentiating among the economic systems of the world (10)

 interpreting and identifying the historical perspectives of fiscal policy and monetary policy (10)

 identifying the causes and solutions to the Great Depression (10)

 identifying the causes and solutions of the banking crisis of the early 1900s (10)

 understanding DIDMCA (1980) (10)

4. (Goal IV) Demonstrate quantitative problem solving by

 working problems requiring a college-level understanding of math principles (11)

 interpreting economic data (12)

 appropriately using spreadsheet analysis (12)

 constructing and interpreting graphs (13)

5. (Goal VII) Understand and be able to interpret social and educational values by

values by:

 demonstrating an understanding of the importance of ethical standards in the securities markets (22,23)

 demonstrating an understanding the interaction of the securities markets

and the accounting firms (22,23)

6. (Goal X) Value the emergence of a multicultural society by

 demonstrating a knowledge of the operations of the World Bank and IMF (31)

 understanding the principles of exchange rates (31)

Instructional Methods:

Macroeconomics is traditionally a three hour lecture course. Our format for this course is similar to the traditional course; however, our delivery method is via the Internet. In support of our learning objectives you will be doing a great deal of independent work. The course location is: http://frederick.blackboard.com

Text for Course:

Macroeconomics Principles, Problems, and Policies (18th), by Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn. McGraw-Hill Irwin, 2009, ISBN 978-0-07-336594-7.

Organization of Course :

EC201-ONL1 is not a self-paced course as we follow the semester's weekly schedule of classes. Each week begins at 12:01a.m. on Monday morning and ends at 12:00 a.m. on Sunday night.

Progress Report:

By the end of the third week of the semester, you will have an opportunity to evaluate your progress in this course and decide if you need to make any adjustments (additional study, tutoring, conference with instructor) to assure your success in this course.

Evaluation Methods:

Attendance/Participation Policy:

Students must progress through the course materials in accordance with the topical outline. Participation in the Muddiest Point discussions can earn up to 100 points toward final grade.

Email Policy:

Email is an instructional tool essential to student-instructor and student-student communication. In the Blackboard environment by default, your email address is available to all students in this course. However, students are permitted to use email addresses of other students in this course only for the purpose and the duration of this course.

Students who are concerned about the privacy of their personal email address are reminded of commercially available products that allow them to create unique email addresses specifically for the purpose and duration of this course. The instructor can be expected to respond to regular student email inquiries (grades, posted assignments, and tests excluded) within the time frame of 24 to 48 hours.

Academic Integrity:

Work in this course is subject to the provisions of the FCC Code of Academic Integrity. Plagiarism in any form will not be tolerated. As a student, it is your job to practice academic honesty at ALL times. Make sure that all sources, particularly Internet sources, get proper credit for quotations, paraphrases, and ideas. More information about this and the Student Conduct Code are available at: http://www.frederick.edu/student_services/studentpolicies.aspx .

You must send your Academic Integrity Pledge to the instructor. The form is available at http://courses.frederick.edu/_utilities/regform.htm.

Student Services:

There are a variety of services available to students which will assist students in succeeding at FCC. Students can learn more about these services in The Student Handbook, available through the Center for Student Engagement; as well as by visiting the Student Services web page http://www.frederick.edu/student_services/index.aspx

Students with disabilities who are in need of accommodations, or who have questions related to disabilities services, should contact the Services for Students with Disabilities (SSD) office at 301-846-2408. Additional information can be viewed at the following FCC web page: http://www.frederick.edu/studentservices/disability.aspx

Week

Subject

Content

1

Limits, Alternatives, and Choices Graphs and Their Meaning

Ch. 1

Appendix

2

The Market System and the Circular Flow

Ch. 2

3

Demand, Supply and Market Equilibrium

Ch. 3

4

The U.S. Economy: Private and Public Sectors

The United States in the Global Economy

Ch. 4

Ch. 5

5

An Introduction to Macroeconomics Measuring Domestic Output and National Income

Ch. 6 Ch. 7

6

Economic Growth

Ch. 8

7

Business Cycles, Unemployment, and Inflation

Ch. 9

8

Basic Macroeconomic Relationships

Ch. 10

9

Aggregate Demand and Aggregate Supply

Ch. 12

10

Fiscal Policy, Deficits, and Debt

Ch. 13

11

Money and Banking

Ch. 14

12

Money Creation

Ch. 15

13

Interest Rates and Monetary Policy

Ch. 16

14

Financial Economics

Ch. 17

15

International Trade

Ch. 20

16

The Balance of Payments, Exchange Rates, and Trade Deficits

Ch. 21

03/14/10 - 03/21/10

Mid-Term Exam at the Testing Center

03/29/10 - 04/04/10

Spring Break

04/16/10

Last Day to Withdraw

05/22/10

Last Day of Term Semester Project Due

05/17/10 - 05/24/10

Final Exam at the Testing Center