ECON 105 Syllabus Fall 2011 Syllabus

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ECON 105: Principles of Macroeconomics Radford University, Department of Economics Fall 2011 (August 29-December 9, 2011) Dr. Basel Saleh Office: Davis Hall 119 Office hours: MWF 12:00-12:50 p.m.; and by appointment or by chance. Email: [email protected] WHAT IS MACROECONOMICS? Welcome to the course that contains the subject matter known as Macroeconomics. This course will provide you with the comprehensive information that will help expand your understanding of the current economic affairs in the United States. Since the beginning of 2008, economic news has replaced the war in Iraq and Afghanistan as the headline maker. The 2008 recession or the Great Recession has proven to be one of the most challenging recessions since WWII. This course will help you understand the domestic and international economic issues we hear or read about on a daily basis. The course will introduce the fundamentals of neoclassical economic analysis with more emphasis on macroeconomic topics such as: unemployment, inflation, economic growth, international trade, the Federal Reserve System, and government budget deficit and national debt. COURSE OUTLINE

1. Introduction to economic paradigms [chapter 1] 2. The Structure of the U.S. Economy [chapters 2] 3. Introduction to Supply and Demand Analysis [chapter 3]
4. The Role of Government in the Economy [chapter 4] 5. Introduction to National Income and Product Accounts (NIPA) [chapter 5] 6. The Problem of Unemployment in the U.S. [chapter 6] 7. The Problem of Inflation in the U.S. [chapter 7] 8. The Monetary System [chapter 13] 9. The Federal Reserve System & Monetary Policy [chapter 14] REQUIRED TEXTBOOK Schiller, B. (2010). The Macro Economy Today (12th ed.) RRIMIS EDITION, McGraw-Hill. ISBN: 978-0-39-024162-7. Older but recent editions are also acceptable. If you are in financial need (lost income due to social, economic or health issues, or Pell Grant receipient) then please contact me to borrow a copy of the book from me. You can buy an ebook version online at McGraw-Hill higher education ebooks websites at https://ebooks.primisonline.com (cost $35.85). Please make sure to read the directions carefully since there are two download options (Online viewing or ebook download).

Dr. Saleh Fall 2011

COURSE GRADING

Attendance & professionalism D2L Quizzes Exams

10% 30% 60%

Grade Distribution: A: 90-100%, B: 80-89%, C: 70-79%, D: 60-69%: F: below 60%


Attendance 10% Attendance is required. You will get THREE grace absences over the course of the semester that will not count against you. You are supposed to use these when you are sick or have to leave town, etc. Because of this I don't take doctor's notes for excused absences or anything like that unless someone has an ongoing medical issue. The only exception is if someone has to miss class for "university business" then I usually don't count the absence against them. This would be for athletes or for someone who is attending an event/conference for school. After the grace absences are used up, your grade drops pretty rapidly. So if you miss 4 times you get 8%, 5 times 6%, 6 times 4%, and missing 7 times and more than that is a failure in the course (F). I also adjust it for things like how often you come in late or leave early. No late Arrival late (5 minutes after class starts). Three late arrivals and/or departure will count as an absence. Student Athletes: It is your responsibility to provide me with an advance notice of your upcoming athletic events which may require you to miss a class. Written note from student-athletes support services is expected. Quizzes & Assignments 30% Best 7 of 8 Desire 2 Learn (D2L) assignments. You cant retake any of the assignments if you miss the deadline. I will drop the lowest quiz score at the end of the semester. This is done to accommodate some of you who might miss a quiz due to unforeseen circumstances, computer glitches, or other personal reasons. The university has several computer labs that you can use to complete the quizzes. **You need to familiarize yourself with D2L as soon as possible. Exams 60% There will be two in-class exams in this course. The distribution of the grade for each exam is as follows: Your lower exam score will be weighted at 25% Your higher exam score will be weighted at 35% First Exam: Monday, October 24, 2011 Final Exam: Tuesday, December 13, 2011 at 10:15 a.m. Thanksgiving Break: November 21-27, 2011

Dr. Saleh Fall 2011

STUDENTS WITH DISABILITIES: If you are seeking classroom accommodations under the American with Disabilities Act, you are required to register wit the Disabilities Resource Office (DRO). The DRO is located in Suite 64, Tyler Hall. Phone/TTY: 831-6350. To receive academic accommodation for this class, please obtain the proper forms from the DRO and meet with me at the beginning of the semester to discuss your accommodation needs. The Honor Pledge: I shall uphold the values and ideals of Radford University by engaging in responsible behavior and striving always to be accountable for my actions while holding myself and others to the highest moral and ethical standards of academic integrity and good citizenship as defined in the Standards of Student Conduct WHAT ARE THE STUDENT RESPONSIBILITIES? 1. You are responsible for learning! Take charge and get involved in your own education. 2. You are responsible for knowing what is contained in this syllabus and adhering to what it specifies and requires of you. 3. You are responsible for compliance with all announcements (including changes to the course syllabus) made in class (whether you are present or not when they are made). 4. Any violation of the honor code including cheating, plagiarizing, and other infractions might be reported to the Dean of Students for further disciplinary action or may result in an automatic failing grade. 5. No laptops (unless you are a note taker) and/or phone use (no Angry Birds) when in class. Desire to Learn D2L

Dr. Saleh Fall 2011

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