USF St. Petersburg

ECO 2013 Macroeconomics Fall Semester, 2011

Instructor: Office: Office Phone Email

Richard Loring Moss DAV 108 (727) 873-4079 [email protected]

Tuesday: Thursday:

Office Hours 3:30 p.m.- 5:30 p.m. 11:00 a.m.- noon. 1:00 p.m. -2:00 p.m. or by appointment

DESCRIPTION Macroeconomics is an introduction to the theory of income determination with emphasis on monetary and fiscal policies. Our study will include discussion of national income accounting, the federal budget, money, prices, growth, employment, and the balance of payments and exchange rates. The course is divided into three parts: basic economic tools, a discussion of the current state of the economy, and a discussion of monetary and fiscal policy. PREREQUISITES: Officially: none. However, it would be good to have some proficiency in algebra and graphical analysis as they are heavily relied upon in this course OBJECTIVE: The objective is to provide you with knowledge regarding the U.S. economy and macroeconomic policy. After completing this course you will be able to: understand the benefits of trade. be able to identify and compute measures of national output, the price level, and unemployment (General Education learning outcome D.1). be able to identify and analyze factors affecting long-run economic growth and short-run fluctuations in national output. know the basic structure of the U.S. financial and monetary systems (General Education learning outcome D.3). know the tools and basic effects of fiscal and monetary policies. understand the basic features of open economies, including imports, exports, capital flows, and exchange rates. TEXTS AND REQUIRED MATERIALS: Macroeconomics, David Colander, 8/ed, McGraw Hill The textbook Web site is at http://www.mhhe.com/colander8e . Click on the Macroeconomics Text and then click on Student Edition and then Choose a Chapter. Materials available at the site include chapter summaries, multiple choice tests, and interactive graphs. Books are available at http://usfstpete.bncollege.com or USF St. Petersburg Bookstore (727 873-2017). You will need a non-programmable calculator for exams in this class. Cell phones, PDAs, or other electronic devices cannot be used as calculators during exams. METHOD / COMPUTER REQUIREMENTS: You are expected to have your own or access to a computer and access to the Internet. This class uses Blackboard. See the instructions for Blackboard below. You will need the free Adobe Acrobat Reader (http://www.adobe.com/products/acrobat/readstep2.html).

ECO 2013 601 602 Fall 11 Moss.Doc

ECO 2013 Macroeconomics

Spring Semester, 2011

STUDENT EVALUATION: There is no extra credit available in this class. Your final grade will be based a weighted average of activities as shown to the right. Each exam and the final average grade will be scaled as follows:

A+:(100-95) A: (94.9-91) A-: (90.9-88)

B+:(87.9-85) B: (84.9-81 B-: (80.9-78)

C+:(77.9-75) C: (74.9-71) C-: (70.9-68)

2

Activity Exam 1 Exam 2 Exam 3 On-line Quizzes In class Quizzes D:(67.9-60) F: 59.9-0 (no +/- for D or F grades)

Weight 26.7% 26.7 % 26.7% 10.0% 10.0%

”S/U” grade contracts will be available to qualified students who are not business majors. The incomplete grade: University policy prohibits awarding an incomplete grade to a student who is not passing the course at the time of the incomplete. ECO 2013 partially fulfills the University’s general education requirements. A portion of the exams taken in this course will used to evaluate whether you meet the general education requirements shown in the Course Objectives segment of this syllabus. COURSE POLICIES (Note: additional course policy detail is posted on the course Blackboard site in the Course Documents section.)

All exams are closed book, but you may bring one page of formulas and notes for your use during the exam. Bring a calculator to all exams. A sample exam will be posted on Blackboard. The make-up exam covering topics on exam 1 and 2 is given at the end of the semester. From time to time there will be an in-class quiz. If you are not in class to take the quiz, you will get a zero on that quiz. You may miss only one quiz without penalty. An on-line quiz is assigned most weeks Your lowest on-line quiz grade will be dropped. If you have problems with course policies or course material, please come to see me or e-mail me as soon as possible. If you wait until the end of the semester it may be difficult or impossible to resolve the problem. MAKE-UP EXAM ELIGIBILITY AND MULLIGANS: (Note: additional exam policy detail is posted on the course Blackboard site in the Course Documents section.)

You will be able to take the make-up exam as a replacement for your lowest grade, or missed exam, if all of the following conditions are met: 1. 2. 3. 4.

You have missed a maximum of one in class quiz. You have missed a maximum of on-line quiz. There is at least 10.0 point difference between your exam 1 and exam 2 scores. At least one your exam scores (either the first or second exam) is a 71.5 or better. That is, if you cannot earn at least “C” grade in at least one exam, you will not qualify for the makeup. If you miss both the first and second exam, you will not be eligible for the make-up.

If you are eligible for the Mulligan and take the make-up, the make-up grade will replace your lowest exam grade (whether it is higher or lower than the lowest exam grade).

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ECO 2013 Macroeconomics

Spring Semester, 2011

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MISSING AN EXAM While it is not recommended, you may miss one exam for any reason. No documentation is required. However, if you do miss an exam you must meet the make-up exam eligibility conditions (quizzes, “C” grade on the exam you take) in order to take the make-up exam. If you do not meet those conditions you will not be able to take the make-up exam. ATTENDANCE:

This is a class lecture/discussion course. YOU DO NOT BELONG IN THIS CLASS UNLESS YOU EXPECT TO ATTEND EVERY CLASS MEETING. Your textbook serves as a reference for this course, and some of the lecture materials are drawn from other sources. The PowerPoint slides are just an outline used in lecture; they cannot contain a complete explanation of the material. Nor do the PowerPoint slides contain all the steps required to solve problems. And of course, if you miss class, you miss an opportunity to ask questions about material that you do not understand as well as hear the answers to questions that other student ask. As a result, you might have difficulty understanding some of the materials if you miss classes. Cut classes at your own risk. You are responsible for all the material presented in class. CELL PHONE USE: Cell phone use in the classroom during class will disturb the entire class. Please either turn your cell phones off, set them to vibrate, or do not take them to class. You cannot use your cell phone for any purpose during exams. BLACKBOARD Notes related to the lectures, sample exams, on-line quizzes, and your grades will be posted on the class Blackboard site. Setting up Blackboard: If you do not have a USF Net Account, go to https://my.usf.edu/ click on Sign Up. Follow the instructions on the screen. To access course materials, log on to Blackboard at https://my.usf.edu/ and select this course’s site..

E-Mail Forwarding If you do not use your USF e-mail account, you should set the account to forward e-mail to the account you do use. E-mail relating to this course can only be sent to your USF e-mail account. Note: Make sure that any forwarded e-mails do not get screened out as spam or junk.

USF St. Petersburg campus evening students: The St. Pete Safe Team phone number is 553-4273. Call them if you need a ride to your car.

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ECO 2013 Macroeconomics

Spring Semester, 2011

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UNIVERSITY/COLLEGE OF BUSINESS SECTION Academic Dishonesty: See USF Policy on Academic Dishonesty and Disruption of Academic Process at www.ugs.usf.edu/catalogs/0304/adadap.htm Because of the University’s commitment to academic integrity, plagiarism or cheating on course work or on examinations will result in penalties that may include a grade of “F” for the specific exam or course work and a grade of “F” or “FF” for the course. Any incident of academic dishonesty will be reported to the dean of the college. Definitions and punishment guidelines for Plagiarism, Cheating, and Student Disruption of the Academic Process may be found at the web address listed above.

Students with Disabilities: Please notify your instructor if you have a learning disability or require special assistance with this course. Confidential personal and learning assistance counseling are made available to students through the Division of Student Affairs. Contact R. Barry McDowell ([email protected]) for more information.

Religious Holidays: You can miss an examination due to a religious holiday without notification or documentation. However, you must maintain eligibility in order to take the make-up if you intend to take the make up the exam.

Copyrights: Students may tape lectures and use slides from the Web for their own study, but may NOT sell these materials to others. You do not have copyright protection on any written materials that you hand in this course.

Food We will follow the college rules on drinking in class.

Other Notes GPA: Undergraduate students who enter USF under the 2001-2002, or later, catalog are required to earn a grade of C-, or better, in every undergraduate core class and an overall GPA of 2.0 for all undergraduate core classes.

BUSINESS PROGRAM LEARNING GOALS: (Money and Banking) 1.

2.

3.

4.

5.

6.

Interpersonal and Communication Skills

Analytical and Critical Thinking Skills

Information Technology Skills

Reflective Thinking and Experiential Learning

Ethical and Social Consciousness

Multicultural Competence

1

5

1

3

2

0

Goal

[1] INTERPERSONAL AND COMMUNICATION SKILLS Limited written skills are required to complete the short answer portion of the exams. [2] ANALYTICAL AND CRITICAL THINKING SKILLS Use of economic models to analyze macroeconomic problems. Use of algebra to solve models. Ability to evaluate consequences of various macroeconomic strategies/courses of action Data analysis skills in interpreting GDP and financial data [3] INFORMATION TECHNOLOGY SKILLS Basic computer proficiency is required in this class. [4] REFLECTIVE THINKING AND EXPERIENTIAL LEARNING Applications Orientation Economic models used to illustrate the effects of monetary and fiscal policy . [5] ETHICAL AND SOCIAL CONSCIOUSNESS Consequences of monetary and fiscal policy are discussed.. [6] MULTICULTURAL COMPETENCE International trade issues are discussed.

ECO 2013 601 602 Fall 11 Moss.Doc

ECO 2013 Macroeconomics

Spring Semester, 2011

TENTATIVE CLASS SCHEDULE Week

Week of:

Chapter*

1

8/23, 8/25

1, 3

Introduction: Economics and Economic Institutions

2

8/30, 9/1

2

Production Possibilities Model and Trade

3

9/6, 9/8

4

Demand and Supply

4

9/13, 9/15

5

Demand and Supply Applications

5

9/20 9/22

6

9/27, 9/29

6, 7

Macro Economic Issues

7

10/4, 10/6

8

Measuring the Aggregate Economy: Measuring GDP

Ch 2 Appendix A provides a nice review of working with graphs

Exam 1 (Tuesday) Macro Economic Issues (Thursday)

8

10/11, 10/13 9

Growth and the Wealth of Nations

9

10/18, 10/20 10

Aggregate Demand and Aggregate Supply Model

10

10/25 10/27

Aggregate Demand /Aggregate Supply Model (Tues) Exam 2 (Thursday)

10/29

Last day to drop without academic penalty

11

11/1, 1/13

11, 12

Multiplier Model

12

11/8, 11/10

13,14

Monetary Theory and Policy (Skip Appendix 13A)

13

11/15, 11/17 14,15

14

11/22 11/24

15

11/29, 12/1

16

Financial Crises

16

Inflation Thanksgiving

17,18

Fiscal Policy

12/6** ** subject to final exam schedule

Exam 3 and make up exam

* Chapter assignments are from the textbook

ECO 2013 601 602 Fall 11 Moss.Doc

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