ECON 201-002: Macroeconomics

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Oct 28, 2013 (3 years and 9 months ago)

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October 28, 2013


Course Description

ECON 201
-
00
2
: Macroeconomics


Instructor:

J Alan “J” Bennett

Course Time and Place:

TR 10
-
11:50am
, COB 10
1

Office:
21
8
B, College of Business

Office Hours:

MW 10
-
noon
,

TR 8
-
10am and 1
-
2pm,

and
by appointment


Phone:

(O)257
-
4464

E
-
mail
:
jbennett@latech.edu (please put “ECON 201
-
00
2
” in the subject line)


Course Description:

“A study of basic economic principles and problems, with particular reference to
the operation and social implications of the American economic system.” Specifically
, ECON 201
focuses on
Macroeconomics
, the study of the economy
as a whole

and the changes brought about by
aggregate consumer, investor, and government behavior.


Prerequisites:

None


Course Materials


IMPORTANT NOTES ABOUT THE TEXTBOOK
: The package that

is sold in Tech’s bookstore
provides you with access to both Aplia (an online homework program) AND the electronic version of
Mankiw’s text (cited below). You need not purchase a physical textbook unless you want one. Also, it
is very important to note
that the bookstore package will give you access to the e
-
book for 365 days;
thus, IF YOU INTEND TO TAKE ECON 202
WITHIN A YEAR AFTER TAKING

ECON 201 YOU
NEED NOT PURCHASE ANYTHING FOR
ECON 202

AS YOU WILL CONTINUE TO HAVE
ACCESS BY VIRTUE OF THIS PURCHASE. If you do NOT intend to take ECON 202, YOU
SHOULD PURCHASE A ONE
-
SEMESTER VERSION OF THE APLIA/E
-
BOOK PACKAGE
DIRECTLY ON THE APLIA WEBSITE (
www.aplia.co
m
). You may also purchase the 365 day
version at the Aplia website if you wish.




Principles of Economics,
6
th

Edition, with Aplia
, by N. Gregory Mankiw, published by
Thomson/Southwestern Publishing, 20
12
. Note that the Mankiw book may be purchased
ONLI
NE

(see the Aplia attachment).



The
Study Guide
, while not required, is recommended.



Some additional readings of interest may be assigned.



Please bring a blue, full
-
size Scantron to each exam.


Note about Aplia:

Aplia is an interactive, web
-
based education
al program that will provide you with
additional instruction and practice problems; I believe that you will find it very helpful
, both because it
will help you learn economics and because it will provide you bonus points
. Please see the attached
“Aplia St
udent Registration and Payment Instructions.”


Course Communication:

My chief methods of communicating with you will be (1) announcements in
class, (2)
Tech e
-
mail
(3)
Moodle postings/announcements,
and (4) postings in Aplia. I will NOT send
any personal

e
-
mail correspondence to non
-
Tech e
-
mail addresses. If you download e
-
mail from your
Tech account to another e
-
mail account (e.g., Hotmail, AOL, MS Outlook, etc.), that is your business;
understand that in doing so, however, your privacy cannot be protec
ted. Thus, if you don’t use your
Tech address, you should.


Student Evaluation:

There will be
five or s
ix in
-
c
lass exams given (60 points each)

per the syllabus,
the lowest of which will be dropped
. Exam coverage is per the syllabus and will predominant
ly be from
October 28, 2013


Course Description

the textbook readings and lecture material; any other material covered on the exams will be announced
in advance. There will also be an
Aplia Grade

worth potentially 10% of the total exam points

(
i.e., up to
one
full
letter grade).
Half

of your

Aplia points will be based on the percentage of GRADED Aplia
quizzes/assignments you
take

(i.e., if you complete 100% of the graded assignments, you’ll get
half the

points) and the remaining points will be determined by the
percent correct

in those assign
ments (i.e., if
you got 70% of the questions correct
, and there are 300 total exam points
, you’d get 15 * 70% = 11
points, rounded). Grades will be assigned according to a straight,
strict
, grading scale (90% and above =
“A”, less than 60% = “F”, etc).
G
rades will ONLY be adjusted upward through rounding (e.g., 79.5%
will round up to 80%, 79.49% will not)
. The instructor reserves the right to curve exam/quiz results, but
this should
not

be assumed.
Any students needing testing or classroom accommodation
s based on a
disability are encouraged to discuss those needs with me as soon as possible. All students, in
accordance with the Academic Honor Code, pledge the following: Being a student of higher
standards, I pledge to embody the principles of academic
integrity
(www.latech.edu/tech/students/honor
-
code.pdf).


Unfortunately, not all students take this pledge seriously. Because of this, I must insist on the following:



No cell phone calculators will be allowed during exams/quizzes (bring a regular
calculator)



On exam days, spread out, at least one seat between you and your neighbor. When this is not
physically possible, I will allow side
-
by
-
side seating ONLY in the first two rows.



All materials, except for those needed to take the test, should be s
towed somewhere other than
your desktop.


Emergency Notification System:
All Louisiana Tech students are strongly encouraged to enroll and
update their contact information in the Emergency Notification System. It takes just a few seconds to
ensure you’re able to receive important text and voice alerts in the event of a campus e
mergency. For
more information on the Emergency Notification System, please visit:
http://www.latech.edu/administration/ens.shtml
.


Make
-
up Policy:

Make
-
up exams are NOT granted (except under extraordinary circumstances) without
my permission
in advance
. E
-
mail is probably the best way to co
ntact me, as it has a time stamp.
Absolutely no make
-
ups will be granted if you contact me later than the day of the exam
. Make
-
ups
that are granted will be given at a mutually satisfactory time for the instructor and student
not later than
one class per
iod after the missed exam
. Athletes who miss quizzes due to
known

travel conflicts must
make up the quiz
before

the next class period. It is the
athlete’s

responsibility to arrange a time for the
makeup.


How to Succeed in Economics 201:

Many students ar
e surprised at how challenging Economics is.
Many economic principles seem to be “common sense,” but there are also frequent times when
Economics seems very counterintuitive. It is not easy to “think like an economist.” That’s why
proactive study habits

are essential. The following “tips” for studying are applicable to all of your
subjects, not just Economics.



Read the course material
before

the lecture (i.e., pay attention to the “Assignment” column on
the Syllabus)



Answer the questions and problems in

the textbook and, if you purchase one, which I strongly
suggest, the Study Guide. Do the Aplia assignments. People learn best by applying what they
learn. I will post the answers to Mankiw’s end
-
of
-
chapter questions on Blackboard. Answer the
questions

first on your own
,
then, and only then
, compare your answers to the posted answers.
Treat the end
-
of
-
chapter problems and the Aplia quizzes as if they were official tests; if you get
October 28, 2013


Course Description

only 50% of them right, you obviously are not understanding the materia
l and you should see
me!



Do NOT depend on copies of Powerpoint slides as study aids. The slides are OUTLINES of the
material and so leave out much of the substance of the lecture. The slides are NOT substitutes
for good note
-
taking.



If you diligently fol
low all of the above and are still struggling, come see me! Of course, you
can come see me anytime, but don’t wait until your grade is trashed before you seek help!


Attendance:

Success in this class (and, for that matter, any class) will come from atten
ding class and
diligently reading your textbooks and any other assigned readings. Per Louisiana Tech policy, class
attendance will be taken. Attending class is an
expectation
; you’re not doing me a favor by showing up,
but you
are

doing yourself one.