Principles of Macroeconomics
ECO2013, Section # 2882
Online Instruction
Fall 2021 (0595)
View the Syllabus Addendum, which provides the most current version of fluid information, such as the academic calendar.
Welcome to ECO 2013 Principles of Macroeconomics! I look forward to introducing you to the exciting world of economics and engaging you in the coursework and discussions. I encourage you to browse the site and become familiar with it. Please read the syllabus thoroughly and email me if you have any questions.
Name: Gezime Christian
Email: christian.gezime@spcollege.edu
Phone: n/a
Office and Online Chat Hours: n/a
Office Location: n/a
Instructor Web Page: https://web.spcollege.edu/instructors/id/christian.gezime
Mrs. Christian is a former student of St. Petersburg College through the Early College Program where she was actively involved in SGA, served as President of Phi Theta Kappa, and was awarded Student of the Year in 2009. Mrs. Christian transferred to The University of Tampa for her Bachelor’s degree which she obtained in both Business Economics and Mathematics in 2012 and was awarded Outstanding Student in Economics. Subsequently, she studied at Yale University where she earned her Master’s degree in International and Development Economics in 2013.
While living and working full-time in Washington, D.C., she has been teaching part-time as an Adjunct Faculty for St. Petersburg College since 2013. Most recently, she worked at The White House Office of Management and Budget where she was awarded a Presidential Management Fellowship and served as a Program Examiner during both the Obama and Trump administration. Previously, she was an Analyst at the U.S. Export-Import Bank, which followed her role as a Consultant at The World Bank.
Name: Dr. Joseph Smiley
Office Location: Tarpon Springs, TS 105
Office Phone Number: 727-712-5851
Email: smiley.joseph@spcollege.edu
Name: Dr. Douglas Rivero
Office Location: Seminole Campus, UP - 337-A
Office Phone Number: (727) 394-6948
Email: Rivero.Douglas@spcollege.edu
URL: http://www.spcollege.edu/socialsciences/
Course Description: This is a course in economic principles involving the overall operation of the market economy. Particular attention will be given to the effects of aggregate demand and aggregate supply on the levels of output, employment, and prices. This course will also examine how the tools of fiscal and monetary policy may be used in dealing with macroeconomics problems such as unemployment, inflation and economic fluctuation.
This course partially satisfies the writing requirements, outlined in the General Education Requirements. Credit is not given for both ECO2013 and Honors Macroeconomics. 47 contact hours. [3 Credits]
Course Goals:
Major Learning Outcomes
1. The student will demonstrate an understanding of the basic tools needed to understand current macroeconomics theory.
2. The student will develop an understanding of the basis theories involved in the study of macroeconomics.
3. The student will develop an understanding of the operation of the market economy.
4. The student will develop an understanding of how economists measure production.
5. The student will develop an understanding of the effects of aggregate demand and aggregate supply on the levels of output, employment, and prices.
6. The student will demonstrate an understanding of the different types of fiscal and monetary policy tools used in the United States.
7. The student will demonstrate an understanding of the accomplishments and limitations of monetary and fiscal policies.
8. The student will develop skills needed to apply basic macroeconomics principles.
9. The student will develop an understanding of the effects of international trade and finance on employment, prices, and incomes.
10. The student will develop an understanding of personal financial planning.
11. The student will demonstrate increased ability in writing.
Course Objectives: List the course Objectives that will lead the student through the learning process to achieve the course goal. Again, this would be in addition to, or a clarification of, the C&I/CurricUNET Approved Course Outline.
1. The student will demonstrate an understanding of the basic tools needed to understand current macroeconomics theory by
a. defining economic terminology,
b. identifying and recalling mathematical formulas used to solve problems involving basic macroeconomics principles,
c. identifying, illustrating and interpreting graphs,
d. recalling basic math and algebra.
2. The student will develop an understanding of the basis theories involved in the study of macroeconomics by
a. illustrating economic principles graphically,
b. identifying and explaining these theories.
3. The student will develop an understanding of the operation of the market economy by determining changes in equilibrium price and output under market situations.
4. The student will develop an understanding of how economists measure production by
a. recalling formulas involving national income accounting,
b. solving mathematical problems involving national income accounting.
5. The student will develop an understanding of the effects of aggregate demand and aggregate supply on the levels of output, employment, and prices by
a. determining the macroeconomics equilibrium at various levels of aggregate demand,
b. describing the individual components of aggregate demand and aggregate supply.
6. The student will demonstrate an understanding of the different types of fiscal and monetary policy tools used in the United States by
a. determining the differences between monetary and fiscal policy,
b. describing the types of monetary and fiscal policy tools.
7. The student will demonstrate an understanding of the accomplishments and limitations of monetary and fiscal policies by determining what changes will occur in output, employment, incomes, and prices when certain monetary and fiscal policy tools are implemented.
8. The student will develop skills needed to apply basic macroeconomics principles by predicting the theoretical outcome of changes in various market situations.
9. The student will develop an understanding of the effects of international trade and finance on employment, prices, and incomes by calculating or determining changes in these variables under various economic systems.
10. The student will demonstrate knowledge of personal financial planning by
a. identifying short-term and long-term personal financial goals.
b. identifying anticipated and unanticipated income and expenses.
c. examining components and purposes of a personal net worth statement
d. developing a personal budget
e. investigating the effects of government actions and economic conditions on financial planning
f. explaining how economics influences a personal financial plan.
11. The student will demonstrate increased ability in writing by
a. research, analysis, outline, evaluation or other types of papers completed outside of the direct classroom experience,
b. research, analysis, outline, journal, evaluation or other types of essays completed during the direct classroom experience,
c. any type of expository, evaluative, persuasive or personal response writing as described in the college publication entitled "A Resource Manual for Writing Across the Curriculum".
Prerequisites: ENC0020 and REA0002, or EAP1695 or appropriate score on the Placement Test.
Availability of Course Content: The course will be available in MyCourses the Friday prior to the class starting to all enrolled students.
Other Critical Course Expectations: (e.g., field study, proctored testing).
View the Proctored Testing Information site
Required Textbook:
Title: Foundations of Economics
Author: Bade & Parkin
Edition: 9th Edition
Publisher: Pearson Learning Solutions
Format: Loose-leaf colored textbook + eTextbook access + MyEconLab access: ISBN-13: 9780136714750 (Only sold at the SPC Bookstore)
Temporary Access - While waiting for your textbook to arrive, do go ahead and register for the 14-day complimentary access before the end of Week 1 of the course:
| 1. | Click on any Pearson link inside MyCourses/ECO2013 online section (e.g. Chapter 1 Homework link). |
| 2. | You will see the a page asking for login and then either purchase or redeem a code. At the bottom of this page, there is a message and link to enable temporary access. |
| 3. | Follow these instructions when you have the access code (found on a hard-board card that comes with a new textbook purchase) to upgrade to full access of MyEconLab. |
Chapters Used from the Textbooks:
|
|
Foundations of Economics |
Foundations of Macroeconomics |
|
Getting Started |
1 |
1 |
|
The U.S. and Global Economics |
2 |
2 |
|
The Economic Problem |
3 |
3 |
|
Demand & Supply |
4 |
4 |
|
GDP |
21 |
5 |
|
Jobs & Unemployment |
22 |
6 |
|
CPI & Cost of Living |
23 |
7 |
|
Potential GDP & Natural Unemployment Rate |
24 |
8 |
|
Monetary System |
27 |
11 |
|
Money, Interest, Inflation |
28 |
12 |
|
Aggregate Supply & Demand |
29 |
13 |
|
Aggregate Expenditure Multiplier |
30 |
14 |
|
Short-Run Policy Tradeoff |
31 |
15 |
|
Fiscal Policy |
32 |
16 |
|
Monetary Policy |
33 |
17 |
|
International Finance |
34 |
19 |
View the Disability Resources site
View the Academic Support Services site
View the On-Campus and Online Support site
View the Student Services and Resources site
Course Dates: September 13, 2021 - December 9, 2021
Drop Date: September 17, 2021
Withdrawal Date: November 1, 2021
View the college-wide attendance policy included in the Syllabus Addendum.
This is an online class, and so there is no face to face meeting. However, the institution does have an attendance policy for online courses that can be found in the link above.
The grading system by which the student’s coursework will be assessed are
1) Each Chapter will have a Video Lesson activity worth 5 points and can be viewed unlimited times up to the due date. This activity is a replacement of the PowerPoint slides and students can pause, rewind or fast-forward as they view and write their own notes on the chapter either before or after reading the content in the electronic textbook. This is very helpful in understanding the graphs, tables and mathematical formulae covered in the chapters.
2) Each Chapter will have a Homework assignment worth 5 points with unlimited attempts up to the due date. After the due date, the maximum points earned out of all the attempts will be recorded. If you earn full points in the first attempt of the Homework assignment, then you can skip the StudyPlan and go straight to the Quiz assignment of that chapter.
3) Each Chapter will have a Quiz assignment worth 10 points with only two attempts up to the due date. After the due date, the maximum points earned out of the two attempts will be recorded. After the 1st attempt, the students are to complete an ungraded StudyPlan activity that will pull only the incorrect questions from the 1st attempt to help student review and remediate. Mastering this activity will allow the student to proceed to the 2nd attempt of the Quiz.
4) Each Unit that consists of four chapters will have a Discussion worth 20 points that includes a Main Post (minimum 300 words) and a Reply Post (minimum 200 words) and only 1 attempt. This will be manually graded the week after the due date. This activity will help the students apply the concepts learned in each unit to the U.S. economy.
5) Each Unit that consists of four chapters will have an Exam worth 60 points with only one attempt. Points earned will be recorded.
The four varieties of assessments will provide opportunities for success across different learning styles and examination methods that test higher order cognitive and synthesis skills.
|
Assessment Types |
Total Points |
% of Grand Total |
| Chapter Videos [5 points * 16 chapters] |
80 |
12.5% |
|
Chapter Homework |
80 |
12.5% |
|
Chapter Quizzes |
160 |
25% |
|
Unit Discussion Posts |
80 |
12.5% |
|
Unit Exams |
240 |
37.5% |
|
Grand Total |
640 points |
100% |
Grading System
|
Grades |
Percentage |
Points |
|
A |
90% to 100% |
576 - 640 points |
|
B |
80% to 89% |
512 - 575 points |
|
C |
70% to 79% |
448 -511 points |
|
D |
60% to 69% |
384 - 447 points |
|
F |
0% to 59% |
0-383 points |
The is no policy on late assignments. Due dates are to be followed strictly or risk earning zero points after the due date. You are strongly encouraged to regularly check the Calendar tab to work ahead.
A temporary incomplete grade ['I'] will be considered only in documented circumstances that appear, in the judgment of the instructor, to be extraordinary, catastrophic, completely unforeseeable, and clearly beyond the student's control, provided that the student has made satisfactory progress in the course and completed at least 80% of assignments.
A detailed breakdown of the assignments is provided by chapters:
|
|
Foundations of Economics |
Foundations of Macroeconomics |
Chapter |
|
|
|
|
|
Unit 1 |
|
|
|
|
|
20 |
60 |
|
Getting Started |
1 |
1 |
5 |
5 |
10 |
|
|
|
The U.S. and Global Economics |
2 |
2 |
5 |
|
|
|
|
|
The Economic Problem |
3 |
3 |
5 |
|
10 |
|
|
|
Demand & Supply |
4 |
4 |
5 |
5 |
10 |
|
|
|
Unit 2 |
|
|
|
|
|
20 |
60 |
|
GDP |
21 |
5 |
5 |
5 |
10 |
|
|
|
Jobs & Unemployment |
22 |
6 |
5 |
5 |
10 |
|
|
|
CPI & Cost of Living |
23 |
7 |
5 |
5 |
10 |
|
|
|
Potential GDP & Natural Unemployment Rate |
24 |
8 |
5 |
5 |
10 |
|
|
|
Unit 3 |
|
|
|
|
|
20 |
60 |
|
Monetary System |
27 |
11 |
5 |
5 |
10 |
|
|
|
Money, Interest, Inflation |
28 |
12 |
5 |
5 |
10 |
|
|
|
Aggregate Supply & Demand |
29 |
13 |
5 |
5 |
10 |
|
|
|
Aggregate Expenditure Multiplier |
30 |
14 |
5 |
5 |
10 |
|
|
|
Unit 4 |
|
|
|
|
|
20 |
60 |
|
Fiscal Policy |
31 |
16 |
5 |
5 |
10 |
|
|
|
Monetary Policy |
32 |
17 |
5 |
5 |
10 |
|
|
|
Short-run Policy Tradeoff |
33 |
15 |
5 |
5 |
10 |
|
|
|
International Finance |
34 |
19 |
5 |
5 |
10 |
|
|
|
|
|
Total Points (640) |
80 |
80 |
160 |
80 |
240 |
|
|
|
% of Grand Total |
12.5% |
12.5% |
25% |
12.5% |
37.5% |
As an internet course, there will be no physical orientation or meetings. Everything is done via reading, doing the homework and on-line quizzes, taking the exams and interacting through the discussions. Experience has shown me that those students who connect on a regular basis and stay connected during the term tend to do well in the course. If you are having difficulty, make contact with me. It is your responsibility to verify that your assignments have been completed on time.
PARTICIPATION AND CONDUCT
View the Online Student Participation and Conduct Guidelines in the Syllabus Addendum
View the Academic Honesty statement
SPC has outlined expectations for student behavior and interaction for online discussions, email, and other forms of communication. View the Netiquette expectations in the Syllabus Addendum.
Copyrighted material within this course, or posted on this course website, is used in compliance with United States Copyright Law. Under that law you may use the material for educational purposes related to the learning outcomes of this course. You may not further download, copy, alter, or distribute the material unless in accordance with copyright law or with permission of the copyright holder. For more information on copyright visit http://www.copyright.gov.
The instructor of this course may require use of Turnitin.com as a tool to promote learning. The tool flags similarity and mechanical issues in written work that merit review. Use of the service enables students and faculty to identify areas that can be strengthened through improved paraphrasing, integration of sources, or proper citation. Submitted papers remain as source documents in the Turnitin database solely for the purpose of detecting originality. Students retain full copyright to their works. Review the Turnitin Usage Agreement. Students who do not wish to submit work through Turnitin must notify their instructor via course email within the first seven days of the course. In lieu of Turnitin use, faculty may require a student to submit copies of sources, preliminary drafts, a research journal, or an annotated bibliography.
The Student Survey of Instruction is administered in courses each semester. It is designed to improve the quality of instruction at St. Petersburg College. All student responses are confidential and anonymous and will be used solely for the purpose of performance improvement.
View the MyCourses Minimum Technology Requirements
Students should know how to navigate the course and use the course tools. Dropbox-style assignments may require attachments in either Microsoft Word (.doc or .docx) or Rich Text Format (.rtf), so that they can be properly evaluated. If an attachment cannot be opened by the instructor, students will be required to re-format and re-submit an assignment so that it can be evaluated and returned with feedback.
Minimum Technical Skills: Specify the minimum technical skills expected of the learner: general and course-specific learners must have to succeed in the course.
MyCourses tutorials are available to students new to this LMS and are located at the beginning of the course. Most features on MyCourses are accessible on mobile devices, although it is recommended that you use a computer for quizzes, tests, and essay assignments.
ACCESSIBILITY OF TECHNOLOGY
View the MyCourses (Brightspace by Desire2Learn) Accessibility Statement
View the MyEconLab Accessibility Information (including instructions for obtaining an accessible version of the textbook)
PRIVACY
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View the Mint.com Privacy Statement
TECHNICAL SUPPORT
MyCourses Technical Support: St. Petersburg College Technical Support Help Desk
MyEconLab Technical Support: Student Support