Central Methodist University – Fayette (Columbia Campus)
Macroeconomics EC 201 Section AB
Fall 2017
8/21/17 - 12/15/17
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
CMU Mission Statement: Central Methodist University prepares students to make a difference in the world by emphasizing academic and professional excellence, ethical leadership, and social responsibility.
Course: Principles of Macroeconomics EC 201 Section AB
Required Course 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.
Students with Disabilities Policy: Central Methodist University makes reasonable accommodations to support students with a federally defined disability. The university’s ‘Students with Disabilities’ policy can be found in the CLAS catalog which is posted in http://www.centralmethodist.edu/academics/catalog/cges-catalog/policies/index.php. To request reasonable accommodations for a disability, students must fill out and submit the application and information forms and provide documentation of the disability. These forms can be found at http://www.centralmethodist.edu/academics/learning-teaching/disability-accommodations.php
Grievance Policy - Central Methodist University has established a grievance policy and process to provide students with an avenue to file a written concern and to track resolutions of said concern. More detailed information about the Grievance Policy can be found in the CLAS catalog which is posted in http://www.centralmethodist.edu/academics/catalog/clas-catalog policies/index.php. If an issue cannot be resolved through consultation with the faculty or Academic Dean, students can report the incident/issue within 30 days of the event via the online web form located at https://cm.maxient.com/reportingform.php?CentralMethodistUniv
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
|
Week
|
Date
|
Chapter
|
Topics
|
|
1
|
Monday, August 21 Wednesday, August 23
|
1
|
Introduction, Ten Principles of Economics
|
|
2
|
Monday, August 28
Wednesday, August 30
|
2
|
Thinking Like an Economist
|
|
3
|
Monday, September 4
Wednesday, September 6
|
3
|
No Class - Labor Day
Interdependence and Gains from Trade
|
|
4
|
Monday, September 11
Wednesday,
September 13
|
4
|
The Market Forces of Supply and Demand
EXAM 1
|
|
5
|
Monday, September 18
Wednesday,
September 20
|
4
|
Chapter 4 continued
Chapter 4 continued
|
|
6
|
Monday, September 25
Wednesday,
September 27
|
5
|
Measuring a Nation’s Income
|
|
7
|
Monday, October 2
Wednesday, October 4
|
6
|
Measuring the Cost of Living
|
|
8
|
Monday, October 9
Wednesday, October 11
|
7
|
Production and Growth
EXAM 2
|
|
9
|
Monday, October 16
Wednesday, October 18
|
7
|
Chapter 7 continued
|
|
10
|
Monday, October 23
Wednesday, October 25
|
8
|
Saving, Investment, and the Financial System
|
|
11
|
Monday, October 30
Wednesday, November 1
|
10
|
Unemployment
|
|
12
|
Monday, November 6
Wednesday, November 8
|
11
|
The Monetary System
EXAM 3
|
|
13
|
Monday, November 13
Wednesday,
November 15
|
11
|
Chapter 11 continued
|
|
|
Monday, November 20
Wednesday, November 22
|
|
THANKSGIVING BREAK
|
|
14
|
Monday, November 27
Monday, November 29
|
15
|
Aggregate Demand and Aggregate Supply
|
|
15
|
Monday, December 4
Wednesday, December 6
|
|
Course Presentations
|
|
16
|
Monday, December 11 Wednesday, December 13
|
|
FINAL EXAMINATION (A)
FINAL EXAMINATION (B)
|