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JOHN CABOT UNIVERSITY

COURSE CODE: "EC 202"
COURSE NAME: "Principles of Macroeconomics "
SEMESTER & YEAR: Summer Session I 2020
SYLLABUS

INSTRUCTOR: Mary Merva
EMAIL: [email protected]
HOURS: Remote Learning
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: MA 100 or MA 101; Recommended: EN 105
OFFICE HOURS:

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:
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:
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.
TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
Principles of MacroeconomicsGregory Mankiw and Mark TaylorCengage9781473768567 There are many older editions of the Mankiw and Taylor Principle of Macroeconomics text so any of them will do.
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Exam 1Short problems and essays.20%
Exam 2Short problems and essays.20%
Exam 3Short problems and essays.20%
Economic short think pieces and discussions 10%
Final Exam Problems and essays.30%

-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 course. 90 to 93: A-; 94 to 100: A
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. 80 to 83: B-; 84 to 86: B; 87 to 89: B+
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. 65 to 70: C-; 71 to 75: C; 76 to 79: C+
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. 55 to 60: D-; 61 to 65: D; 66 to 69: D+
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. Below 55.

-ATTENDANCE REQUIREMENTS:
Students should be active participants in the on-line course.
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

Preliminary Schedule

Week 1:  
Chapter 1: Ten Principles of Economics
Chapter 3: Interdependence and the Gains from Trade
Chapter 4: The Market Forces of Supply and Demand
Chapter 5: Measuring a Nation’s Income
Chapter 6: Measuring the Cost of Living

 Week 2:
Chapter 7: Production and Growth
Chapter 8: Saving, Investment, and the Financial System
Chapter 9: The Basic Tools of Finance
Chapter 10: Unemployment
Exam 1: Thursday: Chapters 1, 3, 4, 5, 6. 

Week 3: 
Chapter 11: The Monetary System
Chapter 12: Money, Growth, and Inflation
Exam 2:  Thursday: Chapters 7, 8, 9, 10, 11

Week 4:  
Chapter 13: Open-economy Macroeconomics: Basic Concepts 
Chapter 16: Aggregate Demand and Aggregate Supply
Chapter 17: The Influence of Monetary and Fiscal Policy on Aggregate Demand
Exam 3:  Thursday: Chapters 12, 13, 16 

Week 5:
Chapter 18: Short-run Trade-off between Inflation and Unemployment
Chapter 19: The Financial Crisis
Chapter 20: Common Currency Areas and European Monetary Union 

Week 5: Final Exam Comprehensive.  Friday