Frederick Community College EC201ONL1 Summer 2009
Class begins: 05/30/09	Class ends: 07/25/09	Last Day to Withdraw: 07/08/09

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

Instructor Information:
Name: Dr. Yonnas K. Kefle	Office:
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: Final Exam
Prerequisites: EN52 or ESL99

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:

Principles of Economics 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 (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	Point Value	Final Grade Scale
16 Quizzes 10 points each	160	A =540-600
Quiz /completion Bonus Points	40	B=480-539
Participation in Muddiest Point	100	C=420-479
1 Mid-Term Exam	100	D=360-419
1 semester project	100	F=Below 360
1 Final Exam (Proctored)	100
	600

Attendance/Participation Policy:

Students must progress through the course materials in accordance with the topical outline.

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 Honesty:

Work in this course is subject to the provisions of the FCC Code of Academic Honesty. 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.

Students with Disabilities

FCC provides reasonable accommodations to otherwise qualified students with disabilities in accordance with the Americans with Disabilities Act of 1990 (ADA) and Section 504 of the Rehabilitation Act of 1973 (Section 504) and amendments.  Students with disabilities who are in need of accommodations must contact the Services for Students with Disabilities (SSD) office at 301-846-2408 (A Building, Room 106A) in order to request and apply for services.  The SSD office will require appropriate documentation of a disability.  Questions related to accommodations or services can be directed to the SSD office.  Additional information related to services can be viewed at the following FCC web page:  http://www.frederick.edu/student_services/disability.aspx.

If you currently receive services from the SSD office, please submit your Student Success Plan to me and make an appointment with me to discuss your accommodations and needs in class.  I will hold any information you share with me in strict confidence unless you give me permission to do otherwise.

Topical Outline

Module	Week	Subject	Textbook
1	May 30	Limits, Alternatives, and Choices The Market System and the Circular Flow	Ch. 1 Ch. 2
2	June 7	Demand, Supply and Market Equilibrium The U.S. Economy: Private and Public Sectors	Ch. 3 Ch. 4
3	June 14	The United States in the Global Economy An Introduction to Macroeconomics	Ch. 5 Ch. 6
4	June 21	Measuring Domestic Output and National Income Economic Growth	Ch. 7 Ch. 8
5	June 28	Business Cycles, Unemployment, and Inflation Basic Macroeconomic Relationships	Ch. 9 Ch. 10
6	July 5	Aggregate Demand and Aggregate Supply Fiscal Policy, Deficits, and Debt	Ch. 12 Ch. 13
7	July 12	Money and Banking Money Creation	Ch. 14 Ch. 15
8	July 19	Interest Rates and Monetary Policy Financial Economics	Ch. 16 Ch. 17