Central Methodist University – Fayette (Columbia Campus)

Macroeconomics EC 201 Section AB

Spring 2017

1/23/17 - 5/12/17

Mondays and Wednesdays 4:00 – 5:15 p.m.

Instructor:  Jumoke Sanusi, Ph.D.

Contact Information: JSanusi@centralmethodist.edu

                                      Cell Phone (573) 823-6040

                                  CMU Administration (573) 447-3311

Class Text: Mankiw, N. G. (2012). Brief Principles of Macroeconomics (6th ed.). Mason, OH: Southwestern Cengage Learning.

Catalog Course Description: Macroeconomics. 3 hours. Following an initial introduction to important general economic concepts, including demand and supply, the course examines the U.S. economy from a macro-economic perspective. It includes an analysis of (1) how unemployment, inflation, and Gross Domestic Product are measured, (2) different theories of why the economy goes through cyclical fluctuations (recessions and booms) in the short run, (3) long-run economic growth, and (4) the use of monetary and fiscal policies to stabilize the economy. Prerequisite: MA 103 0r MA 101/102.

Course Objectives: The goal of this course is to develop students’ understanding of macroeconomic issues. These issues include goals of macroeconomic policy: low unemployment, low inflation, and economic growth; how fiscal policies and monetary policies are used to achieve macroeconomic goals; and how various macroeconomic concepts are measured. Students will also be expected to use economic concepts to explain real-world macroeconomic issues.

Measurable Learning Outcomes: Upon completion of this course, students should be able to demonstrate understanding of the following

• What it means to ‘think like an economist’
• How forces of demand and supply work in price determination
• Economic measurements including measuring Gross Domestic Product and measuring inflation
• Goals of macroeconomic policy
• Tools of macroeconomic policy
• How interaction with other economies impact the domestic economy
• Analysis of real-world economic issues

Course Policies:

Attendance – Students are expected to be in class, and on time, every class meeting. Students are responsible for all material presented in class – regardless of whether they attended that class session.

Information Retrieval - Students are also responsible for any information the university or the instructor has sent to their email addresses. Please check your university email regularly.

Class Assignments – Homework assignments are due at the beginning of class. No make-up exams or make-up homework assignments are given; however, the lowest scores on these assignments are dropped.

Academic Honesty – Students are expected to complete their assignments honestly. Violations of academic integrity include cheating, unauthorized collaboration, and plagiarism. These violations will result in a zero score for the activity and possible referral to the Academic Dean.

Classroom Courtesy -  Teaching methods in this course will include discussions. Comments by class members are encouraged, and students are expected to be courteous in their treatment of comments by class members.

Cell Phone and Other Class Distractions – In order not to distract class activities, please turn off your cell phone or select a silent mode for your ringer during class activities. During class sessions, please use laptops or tablets only for class-related activities.

Evaluation:

Assignments -- in-class, homework, online

     (lowest score on in-class and homework is dropped) 100 points

Three exams (best two grades counted)                          200 points

Presentation                                                                       100 points

Final Examination                                                            200 points  

TOTAL                                                                           600 points

Grading Scale

90 – 100%   =  A

80 – 89%     =  B

70 – 79%   =   C

60 – 69%   =  D

Below 60% =  F   

Course Schedule