COURSE REQUIREMENT:

COURSE EVALUATION/GRADIING SYSTEM

Course Evaluation/Grading System: There will be six quizzes, three homework assignments and three tests during the semester. 

Quizzes: The purpose of the quizzes is to help you comprehend and master the important concepts, terms and principles to be discussed in class.  Everyone is allowed to miss one quiz for any reason whatsoever (Illness, family emergency, car problem etc.)  But if one takes all six quizzes then the lowest quiz grade will be dropped.

Homework: The purpose of the homework is to provide you with the opportunity to review, retain, recall and apply the materials covered so as to prepare you for the tests.  LATE HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.

Tests: There will be no makeup exam UNLESS you provide detailed documentation (Doctor’s Note; Funeral document etc.)  to justify the need for a make up exam.

Grading                               

Quizzes  :               10%       

Homework             15%       

Tests                       75%       

Grading System

A                             90 - 100

B                             80 - 89

C                             70 – 79

D                             60 - 69

F                              Below 60

 COURSE POLICY

Attendance Policy : Attendance is required. If you do not plan to attend lectures regularly, you are advised to withdraw.

Attendance Policy/Class Participation:  Regular attendance is required. If attendance or compliance with other  course policies is unsatisfactory, the instructor may withdraw students from the class.

Withdrawal Policy: It is the responsibilty of each student to ensure that his or her name is removed from the roll should he or she decides to withdraw from the class. The instructor does however  reserve the right to drop a student should he or she feels it necessay. If a student decides to withdraw, he or she shoudl verify that the withdrawal is submitted before the Final Withdrawal Date. The student is strongly encouraged to retain a copy of the withdrawal form for his or records. Students who enroll for the third subsequent time in the course taken since Fall 2002 may be charged a higher tuition rate for the course. State law permits students to withdraw from no more than  six courses during their entire undergraduate career at Texas public colleges or universities. With certain exceptions, all course withdrawals automatically count toward this limit. Details regarding this policy can be found in the ACC college catalog.   The last day to withdraw from the class is Monday April 27, 2020.

Incomplete Policy: An instructor may award a grade of "I" (Incomplete) if a student was unable to complete all the objectives for a passing grade in a course. An Incomplete grade cannot be carried beyond the established date in the following semester. The completion date is dertermined by the instructor but may not be later than the final deadline for withdrawal inthe subsequent semester.

READING

Required Materials

Textbook: Principles of Macroeconomics (8th Ed) ISBN 978-130-597-1509

Gregory Mankiw.

Optional Material

Study Guide: Principles of Macroeconomics (ISBN 978-1-285-86425-9

David R. Hakes

COURSE SUBJECT

COURSE DESCRIPTION

Principles of Macroeconomics deals with consumers as a whole, producers as a whole, and the effects of government spending and taxation policies and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation, and the business cycle.

PREREQUISITES:

Student must meet ACC proficiency requirements in Reading, Writing and Math (see the course catalogue or an advisor

COURSE RATIONALE

This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over national economic policy reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economics, government, and social work courses.

 MATERIALS

Required Textbook: Principles of Macroeconomics (8th Ed) ISBN 978-130-597-1509 Gregory Mankiw.

Optional Study Guide: Principles of Macroeconomics. ISBN 978-1-285-86425-9 .David R. Hakes

INSTRUCTIONAL METHODOLOGY  

The instructional methodology include lectures (to explain the main concepts and principles you read before coming to class) peer teaching (to reinforce your understanding of the lectures) video clips (to give examples of economic principles at work in daily life.

COURSE OUTLINE/CALENDAR

Part 1: Introduction

Part II: Macroeconomic Data and Long Run Economy

a)            Measurement of National Income

b)            Measurement of Cost of Living

c)             Production and Growth

d)            Unemployment and Its Natural Rate

Reading: Chapters 10, 11, 12, 15

Quizzes: (To be announced)

Homework: Due Tuesday February 11, 2020

Test I: Tuesday Feb 18, 2020

Part III: Long Run Economy, Money and Prices 

a)            Saving, Investment and Financial System

b)            The Basic Tools of Finance

c)             The Monetary System

d)            Inflation. Its Causes and Costs

Reading: Chapters 13, 14, 16, 17

Quizzes: (To be announced)

Homework: Due Tuesday March 24, 2020

Test II: Tuesday March 31,  2020

Part IV: Open Economy and Short Run Economic Fluctuations.

a)            Open Economy.

b)            Aggregate Demand and Supply

c)             Macroeconomic Policy Debates

Reading: Chapters 20, 21, 22, 18, 19

Quizzes: To be announced)

Homework: Due Thursday May 7, 2020

Test III: Thursday May 14, 2020

Student Learning Outcomes (SLO)

• Critically evaluate GDP, Unemployment and Inflation Data;
• Explain the business cycle and its phases and
• Manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy;
• Explain fiscal policy tools, andthen defend and criticize the usage of of fiscal policy;
• Describe how  fractional reserve banking system works;
• Explain monetary policy tolls and then defend and criticize the usage of monetary policy.

Discipline Program Student Learning Outcomes

• Retired PSLOs
• PLSO 1. Socially Optimal Market Outcomes-Model and explain under what circumstances  markets are capable of creating socially optimal ourcomes.
• PSLO 2.. Socially Sub-Optimal Market Outcomes-Model and explain under what circumstances  markets are capable of creating outcomes that are not socially optimal
• PSLO 3. Economic Policy- Defend and criticize the role of economic policy in a mixed market economy
• PSLO 4. Economic Data-Critically evaluate economic data..

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General Education Competencies in This Course

• Civic and Cultural Awareness: Analyze and critiquing competing perspectives in a democratic society. Comparing, contrasting and interpreting differences and commonalities among peoples, ideas, aesthetic traditions and cultural practices.
• Critical Thinking: Gathering, analyzing synthetizing, evaluation and applying information
• Quantitative and Empirical Reasoning: Applying Mathematical, logical and scientific principles and methods
• Written, Oral and Visual Communication: Communicating effectively, adapting to purpose, structure, audience and medium