Fall 2019 ECONOMICS 101 Jose L. Esteban
Principles of Macroeconomics
TEXT: Macroeconomics 21 edition by C. McConnell, S. Brue and S. Flynn. Canvas/Connect software is also required. Package at school bookstore is best deal!
TEACHING METHOD: Each week you will read the assigned textbook chapters listed below, then go to Canvas/Connect and complete the work for the week. You will also need to complete the in-class work. Interaction with other students enrolled and with me will be a major source of information for all of us.
OBJECTIVES: Introduction to basic economics theory with an emphasis on how Economics affects our daily lives and preparation for upper division courses.
Successful Students:
Will be able to: (1) assess the impact of current events using market analysis, (2) explain how market based economies evolve, (3) explain the role of competition and the role of the government in market based economies, and (4) offer various policy options to alter the state of the economy. These items represent a partial list of Student Learning Outcomes.
OFFICE HOURS: M 10-11, T 11-12, W 12:35-1 or by appointment. Office location: MD-379 Phone: 744-1150 extension 2421 e-mail: jesteban@palomar.edu Economics Department extension – 2412. Time management
TENTATIVE OUTLINE
WEEK 1 | Introduction to Economics | Read Chapters 1 and 2 | PPC CANVAS/Connect | |||
WEEK 2 | Supply and Demand Analysis | Read Chapter 3 | CANVAS/Connect | |||
WEEK 3 | Introduction to Macroeconomics | Read Chapter 6 | CANVAS/Connect | |||
WEEK 4 | National Accounting | Read Chapter 7 | CANVAS/Connect | |||
WEEK 5 | Economic growth | Read Chapter 8 | TEST NO. 1 | |||
WEEK 6 | Business cycles | Read Chapter 9 | CANVAS/Connect | |||
WEEK 7 | Macroeconomic relationships | Read Chapter 10 | CANVAS/Connect | |||
WEEK 8 | Aggregate Expenditure Model | Read Chapter 11 | CANVAS/Connect | |||
WEEK 9 | Aggregate Supply and Demand | Read Chapter 12 | CANVAS/Connect | |||
WEEK 10 | Fiscal Policy and the deficit | Read Chapter 13 | CANVAS/Connect | |||
WEEK 11 | Money and Banking | Read Chapter 14 | TEST NO. 2 | |||
WEEK 12 | Money and Banking – continued | Read Chapter 15 | CANVAS/Connect | |||
WEEK 13 | Monetary Policy | Read Chapter 16 | CANVAS/Connect | |||
WEEK 14 | More AD and AS | Read Chapter 18 | CANVAS/Connect | |||
WEEK 15 | International Trade | Read Chapter 20 | CANVAS/Connect | |||
WEEK 16 | International Finance | Read Chapter 21 | CANVAS/Connect | |||
WEEK 17 | FINAL EXAM | Last day of class | December 11 |
GRADING POLICY
FIRST TEST | 100 points |
SECOND TEST | 100 Points |
ONLINE WORK – Connect | 200 points |
VARIOUS PROJECTS/HOMEWORK – Connect | 200 points |
FINAL TEST | 150 points |
TOTAL | 750 points |
Notes: All tests are cumulative and are made up of multiple choice and/or essay questions. No make-ups are possible unless an emergency occurs. If you have a problem, please see me or call me. Homework assignments will be randomly collected for extra points. Please turn off your cell phone – if it rings I will confiscate phone until next class! No exceptions! Please abide student conduct – http://www.palomar.edu/studentlifeandleadership/home/student-discipline/ Your computer may crash twice per semester 🙂 – after that no resets for quizzes/exams! This means you may miss 2 online assignments without penalty!
- Drop deadline is listed in Eservices – after this date AUTOMATIC F!
To get a grade of A/Credit you need 90% of the total points - To get a grade of B/Credit you need 80% of the total points
- To get a grade of C/Credit you need 70% of the total points
- To get a grade of D/No Credit you need 60% of the total points
To get a grade of F/No Credit you would be under 60% of the points
SUGGESTIONS
To do well in class I suggest you do the following:
a) Finish your reading assignment before class and take notes about the information you gather. You will discover that you need to read the material over a couple of times before it makes sense. Go to Canvas/Connect and do the work! Software work is a large part of your grade.
b) Make sure you ask questions in class about the material you do not understand. Bring up current events for discussion. Economics is a very current topic.
c) Your class attendance is CRITICAL!
d) You are in this class because you chose to be here. Make it a rewarding and interesting experience for you. Economics is a challenging subject, and by the same token, an interesting one. In order for you to learn, you will have to work at it. HAVE FUN!!!