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JOHN CABOT UNIVERSITY

COURSE CODE: "EC 202"
COURSE NAME: "Principles of Macroeconomics"
SEMESTER & YEAR: Summer Session I 2024
SYLLABUS

INSTRUCTOR: Joseph Richard Prendergast
EMAIL: [email protected]
 HOURS: MTWTH 9:00 AM 10:50 AM
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:

Course Organization

Classes are organized on weekly basis.

Mondays, Tuesdays and Wednesdays: The first half of these classes will be lecture. For the second half we will work on assigned problems together. You should be able to complete the problems during class, perhaps with a little extra work after class. Your completed assignment will be due before the class on the following day.

Thursdays: On Thursdays, we will review your homework assignments for the week. After that we will have a quiz on material covered during the week.

Other Course Details

Final Exam: We will have a cumulative Final Exam (in-class) on Friday, June 21.

Class Participation: Participation means your general level of engagement in the course. Involvement in in-class problem-solving is especially important in getting a good participation grade.

Extra Credit Projects and Assignments: I do not give extra credit projects or assignments. Doing so would not provide a level playing field for all students. They also tend to make the class and grading disorganized.

 
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 NumberCommentsFormatLocal BookstoreOnline Purchase
MacroeconomicsMichael ParkinPearson9780137470822     
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Quizzes 30%
Homework 15%
Attendance and Class Participation 15%
Final Exams (Cumulative) 40%

-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.
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 ____________
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: Day: Topic: Chapter (Parkin):
20-May Mon What is Economics? Chapter 1
21-May Tue The Economic Problem Chapter 2
22-May Wed Demand and Supply Chapter 3
23-May Thu Homework Review/Quiz




27-May Mon Measuring the Value of Production: GDP Chapter 4
28-May Tue Monitoring Jobs and Inflation Chapter 5
29-May Wed Economic Growth Chapter 6
30-May Thu Homework Review/Quiz




3-Jun Mon Finance, Saving and Investment Chapter 7
4-Jun Tue Money, the Price Level, and Inflation Chapter 8
5-Jun Wed The Exchange Rate and the Balance of Payments Chapter 9
6-Jun Thu Homework Review/Quiz




10-Jun Mon Aggregate Supply and Aggregate Demand Chapter 10
11-Jun Tue Expenditure Multipliers Chapter 11
12-Jun Wed The Business Cycle, Inflation and Deflation Chapter 12
13-Jun Thu Homework Review/Quiz




17-Jun Mon Fiscal Policy Chapter 13
18-Jun Tue Monetary Policy Chapter 14
19-Jun Wed International Trade Policy Chapter 15
20-Jun Thu Review
21-Jun Fri Final Exam