Frederick Community College EC201ONL1—Macroeconomics SUMMER 2011
Class begins: 06/06/11	Class ends: 08/01/11	Last Day to Withdraw: 07/13/11

Instructor Information:
Name: Dr. Yonnas K. Kefle	Office: N/A
E-mail: ykefle@frederick.edu	Phone Number: 301-846-2507
Contact Hours: Email and by appointment for in-person meeting	Campus Mail Box #: 993

Course Information:
Credits: 3
On-campus Meetings: None	On-campus Exams: 2
Prerequisites: EN52 or ESL 99	Corequisites:

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:

Upon completion of this course students will demonstrate

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 V) Understand and be able to interpret social and educational 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 VI) Value the emergence of a multicultural society by

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

tracking the value of six different currencies (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

 How this course is organized:

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.

Text(s) and Course Materials:

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

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:
Tests / Papers / Projects / Participation	Point Value	Final Grade Scale
16 Quizzes 10 points each Quiz Completion Bonus Points 1 Mid-Term Exam (Proctored) Participation in Muddiest Point 1 semester project 1 Final Exam (Proctored)	160 40 100 100 100 100 100 600 600	540-600 = A 480-539 = B 420-479= C 360-419 = D Below 360 = F
If the graded performance for online assignments differs significantly from the grade average for proctored assignments, the instructor reserves the right to administer additional tests.

Student Services

A variety of services are available to assist students in succeeding at FCC. Students can learn more about these services 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. Students can learn more about these services by visiting the Services for Students with Disabilities web page: http://www.frederick.edu/student_services/disability.aspx.

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:

With the exception of MOL students, all FCC students will receive and are expected to use their FCC email address for correspondence with faculty and staff at the college. Students can establish and access their FCC email accounts at https://myfcc.frederick.edu. 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.

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

Topical Outline

Week	Subject	Content
1	Limits, Alternatives, and Choices The Market System and the Circular Flow	Ch. 1 Ch. 2
2	Demand, Supply and Market Equilibrium The U.S. Economy: Private and Public Sectors	Ch. 3 Ch. 4
3	The United States in the Global Economy An Introduction to Macroeconomics	Ch. 5 Ch. 6
4	Measuring Domestic Output and National Income Economic Growth	Ch. 7 Ch. 8
5	Business Cycles, Unemployment, and Inflation Basic Macroeconomic Relationships	Ch. 9 Ch. 10
6	Aggregate Demand and Aggregate Supply Fiscal Policy, Deficits, and Debt	Ch. 12 Ch. 13
7	Money and Banking Money Creation	Ch. 14 Ch. 15
8	Interest Rates and Monetary Policy Financial Economics	Ch. 16 Ch. 17

Important Dates

07/05/11 – 07/07/11	Mid-Term Exam at the Testing Center
07/13/11	Last Day to Withdraw
08/01/11	Last Day of Term Semester Project Due
08/01/11 - 08/03/11	Final Exam at the Testing Center

NOTE: Your instructor reserves the right to make changes to this outline as needed.