SYLLABUS
Tulsa Community College
Spring, 2015
ECON 2013 Principles of Macroeconomics Section #: 460 CRN #: 27042
Course format: Independent Study Start and end dates: 3-9-15 to 5-10-15
Instructor: Jim O’Mealey Office Hours: TBA
Office: West Campus L-212
918-595-8094
TO CONTACT THE DIVISION OFFICE:
Division: West Campus Business & ITAssociate Dean: Gornie Williams
Office: L-244
Phone Number: 918-595-8033 / TO CONTACT ACADEMIC & CAMPUS SERVICES:
Dianne Cunningham
Office: I-106
Phone: 918-595-8060COURSE DESCRIPTION: An introduction to the functioning and current problems of the aggregate economy. Major topics include: supply and demand, the science of scarcity, economic goals and measurements, fiscal policy, monetary policy, international impacts and trade, and “thinking like an economist.”
TEXTBOOKS, SUPPLIES, & OTHER RESOURCES:
Title: Economics Edition: 10th Author: Slavin Publisher: Mc Graw-Hill Publishers
Course Objectives: Upon completion of this course the students will be able to:
Module 1 Objectives
· Summarize America’s economic development.
· Describe the effect of the Great Depression on our economy and evaluate the New Deal measures that helped to bring about recovery.
· Explain and illustrate how a well-functioning economy allocates resources
· Define the differences and characteristics of the world’s various economics systems
· Describe how free markets operate and apply supply and demand analysis to real world problems
· Apply macroeconomics concepts to current issues in the economy
Module 2 Objectives
· Explain the consumption and savings functions and the determinants of consumption
· Define investment and identify its components and its determinants
· Discuss how government spends money
· Compute average and marginal tax rates
· Identify the various types of taxes
· Explain the basis for international trade
Module 3 Objectives
· Define Gross Domestic Product and how it is derived
· Calculate real GDP and discuss the significance of real GDP
· Calculate per capita GDP and per capita real GDP
· Identify the stages of the business cycle and the role of automatic stabilizers
· Calculate the unemployment rate
· Analyze factors of macroeconomic stability and instability
· Describe and apply fiscal policy measures
· Calculate fiscal policy gaps and prescribe fiscal policy remedies
Module 4 Objectives
· Explain the role of money and the origins of the modern banking system
· Describe monetary policy and the operation of the Federal Reserve Bank
· Describe the theoretical views of the aggregate economy.
· Discuss the status and prospects for U.S. economic growth
TEACHING METHODS: The textbook, PowerPoint presentations, homework, and projects will be used as a basis for learning.
EVALUATION TECHNIQUES:
Individual Projects (4) 100 points
Chapter Worksheets 120 points
Chapter Quizzes (8) 120 points
Module Exams (4) 400 points
Homework 160 points
Final Exam (comprehensive) 100 points
TOTAL 1000 points
COURSE GRADE: A = 900-1000
B = 800-899
C = 700-799
D = 600-699
F = 599 or less
CHAPTER PROBLEMS: You are assigned the end of the chapter multiple choice and fill-in-the-blank questions and the following end-of-chapter problems. Forty points are allocated for the homework problems for each module. Failure to turn in a module’s homework assignment by the due date due will result in a grade of zero on that module. Homework will not be accepted after the due date.
Module 1
Chapter 2 Problems, page 46-48, 1-9.
Chapter 4 Problems, page 97-98, 1-8.
Module 2
Chapter 5 Problems, page 125-126, 1-12.
Chapter 6 Problems, page 151-152, 1-10.
Chapter 7 Problems, page 180, 1-5, 8, 9, 10, 11, 15
Module 3
Chapter 9 Problems, page 224, 1-10
Chapter 10 Problems, page 261-262, 1-12.
Chapter 11 Problems, page 286, 1-4
Chapter 12 Problems, page 322-323, 1-10
Module 4
Chapter 13 Problems, page 348, 1-5
Chapter 14 Problems, page 384, 1-10
Chapter 15 Problems, page 411, 1-5
INDIVIDUAL PROJECTS: There are four projects that are required for the course. There is one project assigned for each learning module of the course that emphasizes a concept covered during that module. You will complete the project following it directions and submit it to the instructor.
CHAPTER QUIZZES: You will take 8 multiple choice quizzes during the course. The quizzes cover two chapters and are worth 15 points each. Quizzes will prepare you for the module exams. Quizzes must be completed by the assigned time designated by the instructor. You are not to work with others when taking quizzes. Violations of this policy will be considered by the instructor to be academic dishonesty.
EXAMS: You will take 4 proctored module exams during the course. These exams will cover four chapters each.
FINAL EXAM: You will take a proctored final exam. This exam will cover the sixteen chapters we covered in the class.
LATE ASSIGNMENTS: Late assignments will not be accepted. Makeup exams will not be allowed except under extreme circumstances and with advanced permission of the instructor.
COURSE WITHDRAWAL: The deadline to withdraw from a course shall not exceed 3/4 the duration of any class. Check the TCC Academic Calendar for the deadline that applies to the course(s). Begin the process with a discussion with the faculty member assigned to the course. Contact the Advisement Office at any TCC campus to initiate withdrawal from a course ('W' grade) or to change from Credit to Audit. Withdrawal and/or change to an audit from a course after the drop/add period can alter the financial aid award for the current and future semesters. Students may receive an outstanding bill from TCC if the recalculation leaves a balance due to TCC. Students who stop participating in the course and fail to withdraw may receive a course grade of “F,” which may have financial aid consequences for the student.
“TCC Financial Aid Policy Statement effective fall 2011 classes”
“We wanted to let you know that the Federal Financial Rules and Regulations have changed. Beginning now, if you receive any type of federal financial aid (Title IV aid) such as student loans, veterans benefits, grants, scholarships or any other type of federal financial aid, you could be affected.
For the fall 2011 semester and beyond, if you receive Federal Financial Aid and you withdraw from or fail a class, you may lose your funding. TCC is required to run a calculation and determine if we must return some or all of your financial aid funds to the Department of Education. This often leaves a student with a balance owed to TCC that must be repaid. For this reason, it is crucial that all students who receive any type of financial aid visit with both an academic advisor and a financial aid advisor before withdrawing from a class or if they feel they are not doing well in a class.
We have provided more details on our website www.tulsacc.edu/finaid. Remember to also check MYTCC email frequently for updates and check your financial aid status on TED.
GENERAL EDUCATION GOALS: General Education courses at TCC ensure that our graduates gain skills, knowledge, and abilities that comprise a common foundation for their higher education and a backdrop for their work and personal lives. TCC’s General Education goals are: Critical Thinking, Effective Communication, Engaged Learning, and Technological Proficiency.
CLASSROOM ETIQUETTE: Open and mutually respectful communication of varied opinions, beliefs, and perspectives is essential and is required in the classroom or online discussions. This encourages the free exchange of ideas that is essential to higher learning and to the ability to learn from each other.
SYLLABUS CHANGES: Occasionally, changes to the syllabus may be necessary. Students will be notified of any changes to the syllabus in writing.
DISABILITY RESOURCES:It is the policy and practice of Tulsa Community College to create inclusive learning environments. Accommodations for qualifying students in compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act are available. To request accommodations, contact the Education Access Center (EAC) at or call (918) 595-7115 (Voice). Deaf and hard of hearing students may text (918) 809-1864.
TOBACCO FREE COLLEGE
Tulsa Community College is a Tobacco Free college in accordance with the Governor’s Executive Order 2012-01 and Title 63 of the Oklahoma Statutes, Section 1-1523 which prohibits smoking or the use of any tobacco products in all public places, in any indoor workplace, and all vehicles owned by the State of Oklahoma and all of its agencies and instrumentalities. This Order includes property leased, rented, or owned by TCC including, but not limited to, all grounds, buildings, facilities, and parking lots. Tulsa Community College’s policy includes a tobacco free environment on all campus and off-campus locations conducting TCC credit or non-credit classes. The TCC Campus Police is responsible for ensuring compliance with the Tobacco-Free Environment Policy. Violations of the policy may be addressed through issuance of campus or state citations. Vapor or other alternate smoking devices are not allowed in the classroom.
ACADEMIC DISHONESTY: Academic dishonesty (cheating) is defined as the deception of others about one’s own work or about the work of another. Academic dishonesty or misconduct is not condoned or tolerated at campuses within the Tulsa Community College system. Tulsa Community College adopts a policy delegating certain forms of authority for disciplinary action to the faculty. Such disciplinary actions delegated to the faculty include, but are not limited to, the dismissal of disrespectful or disorderly students from classes. In the case of academic dishonesty a faculty member may:
§ Require the student to redo an assignment or test, or require the student to complete a substitute assignment or test;
§ Record a "zero" for the assignment or test in question;
§ Recommend to the student that the student withdraw from the class, or administratively withdraw the student from the class;
§ Record a grade of "F" for the student at the end of the semester. Faculty may request that disciplinary action be taken against a student at the administrative level by submitting such a request to the Dean of Student Services.
INSTITUTIONAL STATEMENT: Each student is responsible for being aware of the information contained in the TCC Catalog, TCC Student Handbook, Student Code of Conduct Policy Handbook, and semester information listed in the class schedule. All information may be viewed on the TCC website: www.tulsacc.edu
ECON 2013, Section #460, CRN # 27042
Principles of Macroeconomics
TENTATIVE AGENDA
Subject to Change
Week / Topic / Assignment/HomeworkOne
3/9-3/15 / Chapter 1
Chapter 2 / Read Chapter 1,2
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 1-2
Two
3/16-3/22 / Chapter 3
Chapter 4 / Read Chapter 3,4
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 3-4
Project 1
Module 1 Exam
Spring Break
Three
3/30-4/5 / Chapter 5
Chapter 6 / Read Chapter 5,6
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 5-6
Four
4/6-4/12 / Chapter 7
Chapter 8 / Read Chapter 7,8
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 7-8
Project 2
Module 2 Exam
Five
4/13-4/19 / Chapter9
Chapter 10 / Read Chapter 9,10
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 9-10
Six
4/20-4/26 / Chapter 11
Chapter 12 / Read Chapter 11,12
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 11-12
Project 3
Module 3 Exam
Seven
4/27-5/3 / Chapter 13
Chapter 14 / Read Chapter 13,14
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 13-14
Eight
5/4-5/10 / Chapter 15
Chapter 16 / Read Chapter 15,16
End of Chapter Questions and Problems
Chapter Worksheets
MC Quiz 15-16
Project 4
Module 4 Exam
Final Exam
Updated: 2/24/2015 Page 1