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JOHN CABOT UNIVERSITY

COURSE CODE: "EC 202"
COURSE NAME: "Principles of Macroeconomics "
SEMESTER & YEAR: Summer Session I 2017
SYLLABUS

INSTRUCTOR: Mary Kelly
EMAIL: [email protected]
HOURS: MTWTH 2:00 PM 3:45 PM
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: MA 100 or MA 101; Recommended: EN 105
OFFICE HOURS: 12:45 PM to 1:45 PM or by appointment

COURSE DESCRIPTION:
An introduction to the basic principles of the macro economy, such as national income accounting, determination of national income, business cycles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy, and economic growth.
SUMMARY OF COURSE CONTENT:

This course is an introduction to the basic principles of the macro economy, such as national income accounting, determination of national income, business cycles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy, and economic growth. 

LEARNING OUTCOMES:

At the conclusion of this course, students should be able to evaluate, discuss, and write about
- macroeconomic issues such as economic growth, inflation, and unemployment
- the consequences of various monetary and fiscal policy actions
- exchange rates and international trade and policies

TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
Principles of MacroeconomicsMankiwCengage Learning9781285165918  
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Daily QuizzesMultiple Choice/Fill-in-the-Blank Questions. Lowest Two Quiz Grades will be Dropped30
Midterm Exam on June 8Multiple Choice, Short Answer, and Essays on Chapters 1-4, 10-12, 1530
Final Exam on June 23Multiple Choice, Short Answer, and Essays on Chapters 16-18, 20-2230
Class ParticipationEngagement in Daily Classroom Conversations of Macro Topics10

-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the c
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until June 24, 2016.
ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

Date

Material

5/22

Chapter 1 – Ten Principles of Economics

Chapter 2 – Thinking Like an Economist

5/23

Chapter 3 – Interdependence and the Gains from Trade

5/24

Chapter 4 – The Market Forces of Supply and Demand

5/25

Chapter 4 continued

5/29

Chapter 10 – Measuring a Nation’s Income

5/30

Chapter 10 continued

5/31

Chapter 11 – Measuring the Cost of Living

6/01

Chapter 12 - Production and Growth

6/05
6/06

Chapter 15 - Unemployment

Midterm

6/07

6/08



Review

Exam

6/12

Chapter 16 – The Monetary System

6/13

Chapter 17 – Money Growth and Inflation

6/14

Chapter 17 continued and discussion of international assignment

6/15

Chapter 20 – Aggregate Demand and Aggregate Supply

6/19

Chapter 21 – The Influence of Monetary and Fiscal Policy on Aggregate Demand

6/20

Chapter 22 – The Short Run Tradeoff Between Inflation and Unemployment

6/21

Chapter 18 - Open Economy Macroeconomics: Basic Concepts

Final

6/22

6/23



Review

Exam