Business & Social Science Division

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Business & Social Science Division

Course Title


Ma
croeconomics

Course
Number

ECON.2301
.41801 MW 12:00
-
2:50pm
8 Week Semester



Course
Description

A study of macro
-
economic principles. Analysis of the market economy; national income
accounting;
income determination; stabilization policies: monetary and fiscal policy; money and
banking; demand and supply
-
side economics; monetarist vs. Keynesian view inflation theories
such as distinction between demand
-
pull and cost
-
push theories, Phillips curve a
nalysis; labor
market and determination of unemployment rate. (4506015125)


Credit Hours

3 Credit Hours

Prerequisites


ENGL.0305 or ENGL.0316 and ENGL.0307 or 0326 or 0356, or higher level course
(ENGL.1301), or placement by testing; MATH.0306.

Semester

and
Year

Spring 2009

Instructor
Information:

Professor James F. Zipperer

F339

james.f.zipperer@lonestar.edu

936.273.7348

Dean and/or
Department
chair contact
information

Dean Becky Gustamante

F
335

becky.gustamante@lonestar.edu

936.273.7321

Chair Beth Engel

F334

Oleta.B.Engel@lonestar.edu

Office Hours













Monday 6:00
-
7
:00pm

Tuesday 8:00
-
8:30am and
9:50
-
10:20am

Wednesday 11:00
-
12:00noon

Thursday 7:30
-
8:30am

Friday By appointment only

There are several options for contacting me. I will reply to you within

48

hours by
phone excluding weekends and holidays
. I check email daily and will
respond when
checked. The best time to contact by phone is during office hours.
If you do not get
me live on the phone, l
eave a brief message with your
name and
return phone number
fi
rst, then your message, then your name and
phone number again.


C
ourse
Discussion Area



For any general questions regarding the coursework.



Student

Email



For any confidential matters, such as your grades.



Note that under the FERPA Act, I cannot respond to grade questions via email
unless you use a student email address o
r inside an online course. Non
-
school email addresses cannot be responded to concerning grading issues.



Tutoring and appointments can be set at the student’s request.



Instructor Phone Number


936.273.7348
This is my daytime phone number. I
can usually be

reached there
during the posted office hours
or you can leave a
voicemail.

Lengthy voicemails will not be responded to.

email:
james.f.zipperer@lonestar.edu



For emergency situations where you
cannot contact me via the course discussion area or the course email.

Note: I
normally do not work on weekends.

Learning
Outcomes

2008
-

2009 Learning Outcomes for ECON

2301



Explain the mechanics and effectiveness of the market mechanism in allocating resources.



Explain the role of government policy as it affects the business cycle.



Explain the role of money, the Federal Reserve and the banking system in facilitating economi
c
exchange and in promoting economic growth and stability.



Explain the role of Fiscal Policy in attempting to promote full employment and economic growth.



Explain economic instability in the form of the business cycle, unemployment, and inflation.



Expla
in the major factors effecting long run economic growth and productivity.



Explain the role of the global economy on domestic markets, prices and decision making.



Explain the role of National Income Accounting in providing data for decisions in both the private and
public sectors.



Explain the public sector’
s role in the economy.




Required
Materials




Macroeconomics: Prin
ciples, Problems, and Policies,”
17/e

McConnell/Brue by McGraw/Hill Irwin publisher

ISBN: 0073273082


You can save 50% by purchasing the e
-
text at
http://zinio.com/?ns=mhhe&rf=olc





Evaluation





Getting

Started








Wall Street Paper Assignment

100 points

Quizzes


1
00 points

Homework



200 points

Class
Discussions


100 points

Two

Exams



2
00 points
(100
each
)

Final Exam

3
00 points

Total Points 1000 points


Quizzes will be given in the classroom on a daily basis as deemed necessary by the
professor. Missed quizzes cannot be made
-
up, but one of the lowest grades will be
thrown out to accommodate those who have missed.

Your Wall Street Assignment
information

will come later in the semester

as this project
must develop theoretical skills before attempting
.

For now, here are t he basi c
requi rement s for t he paper you wi l l be expect ed t o produce.
The st udent i s requi red t o
submi t an annot at ed bi bl i ography on a r
el evant Wal l St reet Journal art i cl e. The paper
shoul d be no more t han one page i n l engt h, t yped (doubl e
-
spaced) usi ng 12 poi nt font
wi t h 1” margi ns. The headi ng shoul d ci t e t he rel evant i nformat i on (aut hor, t i t l e, source,
publ i sher, vol ume, dat e, and pag
e numbers) i n bi bl i ographi cal form. A bri ef summary
of t he art i cl e shoul d fol l ow. Thi s summary must be i n t he st udent ’ s own words. In t he
next paragraph, t he paper shoul d det ermi ne how t hi s art i cl e rel at es t o
mi croeconom
i cs. You wi l l be al l owed t o t urn

i n a rough draft at some poi nt i n t he
semest er. Turni ng i n a rough draft i s not mandat ory, but you wi l l be t ot al l y responsi bl e
for your grade i f you do not have i t checked fi rst. Lat e papers wi l l not be accept ed for
any reason.



Fi nal l et t er grades
wi l l be assi gned i n t he fol l owi ng manner:

1000
-

900

(A)

800
-

899

(B)

700


799

(C)

600


699

(D)

599 and below

(F)

No make
-
up exams will be given without prior approval of the professor. Missing an
exam without appr
oval can be discussed, but the student must have a valid reason
and proof to verify their excuse. A second missed exam will automatically be given a
grade of zero. No exceptions. The final exam is mandatory and comprehensive of the
entire course. Failu
re to take the final exam will result in a grade of “F” for the course.
Failure to turn in your test booklet and/or scantron at the end of the final exam will
result in an “F” for the course, no matter what your grade average is at that point.

Classroom
Behavior



Students are expected to use proper grammar and respond in a professional,
respectful manner. Using abbreviations and slang words in written projects is
unacceptable and will result in a reduction of that grade. Written responses should be
prepared in a
thoughtful, analytical manner and should be validated ahead of time.
Opinions, anecdotal evidence, and speculation have no place in the study of
economics. Each student is expected to do their own work and all the rules for
plagiarism

apply to each and e
very assignment
. Any student found guilty of plagiarism
will be
subjected to the full force of the appropriate penalty. (See academic integrity
policy below)

The
Lone Star College Catalog
[Student Conduct, Section 562.01d] states, “Disruptive
activity th
at hinders other students’ learning or deters an instructor from effective
teaching will not be tolerated under any circumstances.”

Withdrawal
Policy

See the catalog for a description of the course withdrawal policy.

See the catalog for a
description of

the course withdrawal policy.

http://www.lonestar.edu/130277/


It is the policy of this faculty member to hold the student responsible for their course
load. Please note, I will not drop you from the course with the registrar. It is the
student’s responsibility to maintain their course load and to drop the class wit
h the
required paperwork at the registrar’s office in a timely manner before the drop date.
Any student still on the class roll sheet at the end of the semester will receive a grade
according to the class grade sheet. Therefore, a student who simply stop
s coming to
class who does not take the necessary steps to drop the course according to the
withdrawal policy set forth by the Lone Star College System will be given a grade of
“F.”


Schedule Changes & Withdrawals

The Texas Higher Education Coordinating
Board rules are used to determine refunds
for college credit class cancellations, drops or withdrawals. Refunds are mailed or
credited back to your account from the

Lone Star College System

System Office

four
to six weeks after the official day of record.
View the official academic calendar for
official days of record.

Class Cancellation

-

If the college cancels or discontinues a scheduled course, 100
percent refund will be granted.

Drop/Add Procedures

-

It is recommended that you consult with your class in
structor
before submitting a written withdrawal request to the admission office. The written
request may be faxed, mailed or delivered in person. Although you can drop classes
until the official withdrawal date, refunds are only granted if a withdrawal req
uest is
submitted prior to dates included in the refund schedule below. You should keep the
paperwork showing that a class has been dropped.

You may not add a class, without instructional vice president approval, after the

class has met one time.



It is the policy of this faculty member to hold the student responsible for their course
load. Please note, I will not drop you from the course with the registrar. It is the
student’s responsibility to
maintain their course load and to drop the class wit
h the
required paperwork at the registrar’s office in a timely manner before the drop date.
Any student still on the class roll sheet at the end of the semester will receive a grade
according to the class grade sheet. Therefore, a student who simply stop
s coming to
class who does not take the necessary steps to drop the course according to the
withdrawal policy set forth by the Lone Star College System will be given a grade of
“F.”


Schedule Changes & Withdrawals

The Texas Higher Education Coordinating
Board rules are used to determine refunds
for college credit class cancellations, drops or withdrawals. Refunds are mailed or
credited back to your account from the

Lone Star College System

System Office

four
to six weeks after the official day of record.
View the official academic calendar for
official days of record.

Class Cancellation

-

If the college cancels or discontinues a scheduled course, 100
percent refund will be granted.

Drop/Add Procedures

-

It is recommended that you consult with your class in
structor
before submitting a written withdrawal request to the admission office. The written
request may be faxed, mailed or delivered in person. Although you can drop classes
until the official withdrawal date, refunds are only granted if a withdrawal req
uest is
submitted prior to dates included in the refund schedule below. You should keep the
paperwork showing that a class has been dropped.

You may not add a class, without instructional vice president approval, after the
class has met one time.

Syllabus

Change



While every attempt has been made to prepare this syllabus and class schedule in
final form, it will be the instructor's prerogative to make any changes as may be
deemed necessary in order to meet the learning outcomes of the course. Students wil
l
be notified in writing of any
significant
change.

Certificate/De
gree Plan

Degree plans for programs offered at

Lone Star College


Montgomery
can be located
in the
Lone Star College

catalog or on the

Lone Star College


Montgomery

web site
at:
http://montgomery.lonestar.edu/

Academic
Integrity

See the Lone Star College Academic Integrity Policy at the following URL:


http://www.lonestar.edu/31695/


Academic integrity can be defined as supporting

and engaging in actions that promote
fair and accurate evaluation of all material prepared for and related to college work
while respecting and crediting the unique efforts of others. The Lone Star College
System (Lone Star College System) requires its st
udents to uphold and practice
academic integrity even in the face of temptation to engage in dishonest acts. Lone
Star College System supports the free exchange of ideas, personal growth, creativity,
and innovation while preserving individual rights and re
sponsibilities to achieve
success based on each person’s unique effort and initiative. The core values of
learning: honesty, respect, fairness, and accountability in learning activities form the
basis of academic integrity. *

To abide by academic integrit
y principles, Lone Star College System students are
required to perform their own work on all class/lab/clinical projects, papers and tests
unless a professor specifically allows collaboration with other students. If students
combine their own thoughts wit
h material written by other authors in projects, credit
must be given to the creator of that outside material using a format designated by their
professor. Students must show their work including but not limited to keeping notes,
photocopies of source mate
rial, rough drafts, and lab results.





*The Fundamental Values of Academic Integrity Oct. 1999. The Center for Academic
Integrity. 24 Sept. 2004.

http://www.academicintegrity.org/pdf/FVP
roject.pdf
.


Resolving Issues With Faculty


This is the procedure to follow to resolve an issue with a faculty member:


Whenever possible, students should attempt to resolve problems regarding a faculty
member directly with the faculty member in question.
Students wishing to petition for a
grade change, file and academic appeal or find a harassment complaint should follow
the steps detailed in those sections of this handbook. The following steps should be
followed by the students wishing to address an issue

with a faculty member:

1. Discuss the issue directly with the faculty member in question. If unsatisfied with the
resolutions offered by the faculty member, then

2. Contact the Division Office or Center Director at the college. In some cases, the
division

office or the Student Service Office may refer the student to other college
officials who can best address the nature of the issue. If still unsatisfied with the
resolution after talking with the dean or director, then

3. Prepare a written statement to be

reviewed by the Chief Academic Officer at the
college. The Student Service Officer can assist with locating the Chief Academic
Officer who will then investigate the problem along with the resolutions previously
offered. The Chief Academic Officer may offe
r a different resolution or concur with the
previous resolutions. The Chief Academic Officer’s decision is final.



Software
Piracy:






Law strictly prohibits unauthorized copying of software purchased by

Lone Star
College
-

Montgomery for use in laboratories. Lone Star College
-

Montgomery

administration will take appropriate disciplinary action against anyone violating
copyright laws.


Computer
Virus
Protection:











Computer viruses are, unfortun
ately, a fact of life. Using the diskettes on more than
one computer creates the possibility of infecting computers and diskettes with a
computer virus. This exp
oses the computers of the campus
, your personal computer,
and any others you may be using to po
tential
ly damaging viruses. The campus

has
aggressive anti
-
virus procedures in place to protect its computers, but cannot
guarantee that a virus might not temporarily infect one of its machines. It is your
responsibility to protect all computers under your

control and use and ensure that each
diskette you use, whenever or wherever you use it, has been scanned with anti
-
virus
software. Since new viruses arise continually, your anti
-
virus software must be kept
current. And, since no anti
-
virus software will f
ind every virus, keeping copies of data
(backups) is extremely important.

Equal
Opportunity
Statement:

http://www.lonestar.edu/36280/


Equal Opportunity Statement

The Lone Star College System is committed to the principle of equal opportunity in
education

and employment. The district does not discriminate against individuals on
the basis of race, color, gender, religion, disability, age, veteran status, national origin,
sexual orientation, or ethnicity in the administration of its educational policies,
adm
issions policies, employment policies, scholarship and loan programs, and other
district or college administered programs and activities.

Inquiries concerning the district's policies, compliance with applicable laws, statutes,
and regulations (such as Titl
e VI, Title IX, and Section 504), and complaints may be
directed to the Associate Vice Chancellor for Human Resources, 832.813.6698. The
Associate Vice Chancellor for Human Resources is designated as the district's Equal
Opportunity Officer and Title IX Co
ordinator. Inquiries about the laws and about
compliance may also be directed to the Assistant Secretary for Civil Rights, U.S.
Department of Education.

For information about your rights or grievance procedures, contact the Title IX and
Section 504 Coordin
ator at any Lone Star College System college.


Academic Appeal

An academic appeal is a formal request brought by a student to change a grade or to
challenge a penalty imposed for violation of standards of academic integrity such as
plagiarism or cheating. A request to change a grade or to challenge a penalty must be
m
ade within twelve months of the action. A grade may only be changed by the
instructor of record (or by a full
-
time instructor in the absence of the instructor of
record) or by the Academic Appeals Committee. An academic appeal will be
considered if there i
s evidence that one or more of the following conditions exist:



error in calculation of grade



deviation from the syllabus or district policy manual



academic disparate treatment of student that is not addressed by EEO
processes



inappropriate penalties im
posed for an academic honesty violation.

An appeal will not be considered because of general dissatisfaction with a grade,
penalty, or outcome of a course. Disagreement with the instructor’s professional
judgment of the quality of the student’s work and p
erformance is also not an
admissible basis for an academic appeal.


ADA
Statement

NHMCCD is dedicated to providing the least restrictive learning environment for all
students. The college district promotes equity in academic access through the
implementation of reasonable accommodations as required by The Vocational
Rehabilitation Act o
f 1973, Title V, Section 504 and the Americans with Disabilities Act
of 1990 (ADA) which will

enable students with disabilities to participate in and benefit from all post
-
secondary
educational programs and activities.


Students with disabilities who beli
eve they need accommodations in this course are
encouraged to contact the following office for support:


Disabilities Services Office

(936)273.7239

Building E, Office 103H


Please do so as soon as possible at the beginning of the semester to ensure these
a
ccommodations are implemented in an expeditious manner.


Advising

For additional assistance or more information on degree plans or future courses that

Lone Star College


Montgomery

may offer, please contact one of the following:

ma t t h e w.t.s a mf o r d @l o n e s t a r.e d u

9 3 6.2 7 3.7 3 4 1 o r
e r ma.m.wa l k e r @l o n e s t a r.e d u

9 3 6.2 7 1.6 1 6 8.

Co u r s e
S c h e d u l e

W e e k On e



Ch a p t e r On e



“ L i mi t s, A l t e r n a t i v e s, a n d C h o i c e s ”

Ch a p t e r

Two



T h e Ma r k e t S y s t e m a n d t h e C i r c u l a r F l o w ”

C h a p t e r T h r e e


“ D e ma n d, S u p p l y a n d Ma r k e t E q u i l i b r i u m”

S y l l a b u s a n d I n t r o d u c t i o n s


W e e k
T w o




Ch a p t e r Th r e e c o n t i n u e d

Ch a p t e r F o u r



T h e U.S. E c o n o my: P r i v a t e a n d P u b l i c S e c t o r s ”

C h a p t e r F i v e


“ T h e U n i t e
d S t a t e s i n t h e Gl o b a l E c o n o my ”


W e e k
T h r e e



Ch a p t e r S i x



“ Me a s u r i n g D o me s t i c O u t p u t a n d N a t i o n a l I n c o me ”

Re vi e w f o r e x a m o n Mo n d a y

Ex a m #1



Ch a p t e r s 1
-
6


W e e k
Four



Chapter Seven



“Introduction to Economic Growth and Instability”

Chapter Eight


“Basic Macroeconomic Relationships”

Chapter Nine


“The Aggregate Expenditures Model”


Week
Five



Chapter Ten




Aggregate Demand and Aggregate Supply”

Chapter Eleven


“Fiscal Policy, Deficits, and Debt

Required reading essay due at the beginning of cla
ss on Monday.

Wall Street Paper rough draft due at beginning of class on Wednesday.


Week
S
ix




Chapter Twelve




Money and Banking”

Review for exam on Monday

Exam #2



Chapters 7
-
12

Wall Street Paper due at beginning of class on Wednesday


Week
Seven




Chapter Fourteen




Interest Rates and Monetary Policy”

Chapter Seventeen


“Disputes over Macro Theory and Policy”


Week Eight



Exam prep on Monday


Final Exam



mandatory and comprehensive

October 16
th

from 12:00
-
1:50pm


Note: The professor reserves the right to change this course
calendar at any time within the semester in order to adequately
cover course material.


“What good fortune for
government that people do not
think.”

Adolf Hitler

Reich Chancellor

Third Reich
-

Deutschland

Founder and leader of the Nazi Party











ECON.2301.41801