Oklahoma State University Institute of Technology
Online Common Syllabus
Spring 2018
ECON 2203 Macro Economics
An introduction to the general concepts of economic reasoning, emphasizing macroeconomic theory of the U.S. system. Includes monetary policy, national income and employment, money and banking, economic growth policies and interrelationships with the world economy.
Course Purpose:
Help students understand the basics of economics, scarcity, price, supply / demand.
Type of Course: Theory
Credit Hours: _3_; Total clock hours of theory per semester: _40_;
Total clock hours of lab per semester: __; Total clock hours of clinical per semester: _____.
Class Length: Full Semester January 4 – April 20
Class Format: Fully Online
Class Days and Times: All activities are online. Assignments are due Wednesdays at 8:00 a.m.
Prerequisites: none
Instructor Name: James L. Allison Instructor Phone: (918) 606-1251
Office: NCAT #212B Instructor Email:
Contact: My preferred method of contact is Email. I have my email integrated into my smartphone so quick responses are sometimes possible however, please allow 24-48 hours to return your correspondence during the normal work week.
Instructor's Office Hours: Email anytime, even though an online course, I will work to set a time for an in-person meeting if desired.
School Name: OSUIT school of Arts & Sciences School Main Phone: 918-293-4768
Required Text, References, and Materials
Texts: Principles of Economics 6th Ed., Holt, Hayden McNeil, 9780738075259
References: Internet and Library based economic data.
Materials: N/A
Uniform/Tools: Regular access to an internet connected computer.
Estimated Cost for Materials: Approximately $90 (same text as used in Micro).
Estimated Cost for Uniform/Tools: Indirectly your costs to access internet content.
Optional Resources: N/A
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Upon completion of the course, students should:
Course Objectives / Assessment of Objectives1. Explain supply, demand, and market equilibrium for local, national, and foreign environments. / Syllabus Review 4%
2. Explain production costs and pricing for local, national, and foreign environments. / Three Discussions 6%
3. Interpret and diagram demand and supply schedules / graphs. / Supply, Demand, Equilibrium Observation from Business News – Project 1 – 10%
4. Identify the different philosophies regarding what the appropriate role of government should be in the U.S. economy. / Production Cost and Pricing – Spreadsheet (like Excel) – Project 2 – 10%
5. Demonstrate how to measure inflation and unemployment and how both affect the U.S. economy. / Report on The Unemployment Situation – Project 3 – 10%
6. Diagram the circular relationship between production, income, and spending. / The Macro Bulletin – Project 4* – 10%
7. Summarize the fundamentals of the U.S. money and banking system and the relationship between the money supply and the amount of economic activity. / 16 Chapter Quizzes – 40%
8. Explain competition for local, national, and foreign environments. / Final Reflection – 10%
Aspects of the course objective assessments may be used in the university’s assessment of student learning. If applicable, an asterisk (*) above indicates this assignment is used in the university assessment program.
Course Activities
In this course students will:
Ø Complete reading assignments.
Ø Participate in class discussions and activities.
Ø View videos that depict the various concepts.
Ø Compile a portfolio of work produced.
Ø Take Quizzes
Evaluation - Grades will be based on the quality and completion of these tasKS:
Syllabus Review 4% or 40 points
Discussions 6% or 60 points
Final Reflection 10% or 100 points
16 Chapter Quizzes 40 % or 400 points
4 Projects 40% or 400 points
Project 4 – Macro Bulletin*
Total ______1,000
*The student’s grade for this assignment will be used in the university’s assessment of student learning. A 70% competency or higher receives a Pass rating. This Pass/Fail rating is independent of the student’s course grade.
Daily and/or weekly quizzes, small weekly assignments and similar type projects: Normal return time to student by next class meeting or no later than one (1) week.
Extensive assignments, large lab projects, extensive quizzes, exams and similar type projects: Normal return time to students in one (1) to two (2) weeks.
RECOMMENDED STUDENT COMPENTENCIES/SKILLS
Internet and Library research tools will be needed to successfully complete the projects. Our library subscribes to some first-rate databases: http://go.osuit.edu/academics/library/databases
Please use this resource.
AUTHORIZED TOOLS
Students may use any/all course materials, including books and notes, while participating in classroom activities. All quizzes and written assignments are to be completed independently; no collaboration with classmates is permitted and any instance of such will be considered academic dishonesty.
LATE WORK
Late work is greatly discouraged. Late work submitted prior to the end of the course on April 20, 2018 will be discounted 1% per day late. No work will be accepted after 4/20/2018.
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ONLINE COURSE INTERACTION
OSUIT requires all online courses to include interaction between students, peers and instructors.
Our online courses use a variety of tools to build a community of learners and strengthen engagement between students and their peers, as well as between students and the instructor. Communication tools used in courses may include Discussion, News, and Email. Read the syllabus completely to determine which of these methods you, your classmates and your instructor will use for interaction.
General guidelines for student conduct while interacting within an online course include: (1) Use proper language in all communications; (2) Harassment of any type will not be tolerated; (3) No jokes, insults or threats of an offensive nature.
For more information, go to: http://osuit.edu/center/netiquette
SYLLABUS ATTACHMENT
View the Syllabus Attachment, which contains other important information, by visiting http://osuit.edu/center/student_syllabus_information
Course ScheduleCourse Outline Schedule / Topic / Assignment / Due Date
8:00 a.m.
Week 1 / Syllabus and Brightspace / Syllabus Quiz & Optimum Discussion / 1/17
Week 2 / Chapters 1 & 2 / Quizzes / 1/17
Week 3 / Chapters 3 & 4 / Quizzes& Unemployment Discussion / 1/24
Week 4 / Chapter 5 & 6 / Quizzes & Resources Market Match / 1/31
Week 5 / Chapter 7 / Quiz & Project One / 2/7
Week 6 / Chapter 8 / Quiz / 2/14
Week 7 / Chapter 9 / Quiz & Project Two / 2/21
Week 8 / Chapter 10 / Quiz / 2/28
Week 9 / Chapter 11 / Quiz and Project Three / 3/7
Week 10 / Chapter 12 / Quiz / 3/14
Week 11 / Chapter 13 / Quiz & Project Four / 3/28
Week 12 / Chapter 14 / Quiz / 4/4
Week 13 / Chapter 15 / Quiz / 4/11
Week 14 / Chapter 16 / Quiz & Final Reflection / 4/18
End of Week 14 / Graduation / Covelle Hall / 4/20
Schedule is subject to change at instructor discretion.
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