Sierra College Fall 2013

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Oct 28, 2013 (3 years and 8 months ago)

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Sierra College

Fall

20
1
3


Course:


Economics 1
A

Course Title:


Principles of M
a
croeconomics

Time:



Monday &
Wed
ne
s
day



2
:
0
0

P
M to
3
:
2
0

P
M
-

Room
LR

212




August 2
6
,

20
1
3

through
December

11
,

20
1
3

Section:


80915


Instructor
:


Michael Mace

Phone
(evening):

(916) 624
-
4642

Class
Website
:

www.
M
ichael
M
ace.com

E
-
mail

:


Mike
@michaelmace.com

Office Hours


TBA and by arrangement

Textbook
:


Modern Principles: Macroeconomics
, Cowen/
Tabarrok
,
2
nd

Edition

ISBN
:



ISBN
-
13:
978
-
1
-
4292
-
3998
-
1

Study guide

(NR)

Modern Principles: Macroeconomics,
Cowen
/
Tabarrok
, 2
nd

Edition

ISBN
:



ISBN 13:
978
-
1
-
4292
-
9286
-
3

EconPortal (macro)
:
http://courses.bfwpub.com/cowentabarrokmacro2.php


Grades:


Grades will be based on homework,
quizzes
,
exam
s, and a final.
H
omework assignments
are worth a total of 10%,
quizzes are
worth
a total of
10%,

the

four

exams

are
each worth
1
5
%,
and
the

comprehensive final exam worth
2
0
%.
You are required to have
a
n Eco
n

Portal Access Card (PAC)

for the homework assignments

and quizzes
.


Grades

are assigned as follows:


90
-
100 Percent

A

80
-
89 Percent

B

65
-
79 Percent

C

50
-
64 Percent

D

Below 50 Percent

F


Students who attain these percentages are guaranteed the assigned grade, however the
final grades may be
curved
, in which case
the
grade percentages may be lower than those
listed above. The application of a class curve can only raise grades.


Homework:


Homework assignments consist of
on
-
line chapter
problem sets assigned on the
Econ
Portal (
the
textbook website). Each chapter
covered in the course
will have a portal
homework assignment.
The due date
s are assigned on the Portal and

will be the same
date

as t
he
associated exa
m
, i.e.

given t
hat

the first
exam

covers chapters 1
-
5
, the
due
date for
homework
chapters
1
-
5
is
the da
te

of
E
xam

#1
.


Quizzes:


Quizzes are also assigned via the Econ Portal
. Each chapter covered in the course will
have a quiz. T
he due dates are assigned on the Portal and will be the same date as the
associated exam, i.e. given that the first exam covers chapters 1
-
5, the due date for
quizzes
1
-
5
is the date of Exam #1.

Both the homework assignments and the q
uizzes can
be taken
at a time of the student’s choosing but must be completed
on or
before the
due
date
.


Exam
s:


Exam
s will consist of multiple
-
choice and
possibly
short answer questions
.

Students
are
required
to bring a pencil and an 882 scantron to each exam. Calculators

are allowed but
cell phones
/PDAs

are not.


Make
-
up exams
: Students unable to take the
exam
s on the assigned dates
must

contact
the instructor

in advance to arrange an alternative date.
Failure to do so could result in an
exam grade of zero.
Makeup exam
s must be completed no later than one week after the
in
-
class exam. All m
akeup exams will take place at the Testing Center on the 4
th

floor of
the LRC.


Attendance


Econ
omics can be a difficult
subject and attending class is necessary for students to
full
y

understand the material.

As per Sierra College policy, s
tudents are allowed a total of six
hours of absences in a semester, th
us

excessive
,

unexplained
absences can
result in

the
student being dropped from the c
lass
.


Class
room

Behavior
:


Students are
required to have their cell phones
/

PDAs

set to
silent or
“vibrate” during
class. “Texting” is not allowed during class, and students that have a compelling reason
to either
send
text
messages
or talk on their cell phones
during class
must
do it outside
t
he classroom.
Taking notes on l
aptops
is

allowed if permission is obtained from the
instructor. Personal discussions in the classroom are
disruptive and
rude to both the
instructor and other students and
will
not
be
tolerated
.


Academic Honesty:


Academi
c
honesty

is expected. A student will receive a grade of zero on any work in
which cheating occurs. The matter will be referred to the Division Dean for appropriate
action.



Class
Website


All class information can be found on the website

-

www.
MichaelMace.com
. The main
page will list all r
elevant dates and assignments
. Class grades will be posted periodically
on the website and students will be able to download the
class lecture notes
(files are in
both Powerpoint and PDF for
mat) from

the web
site as well.


Student
Help
:


Students are encouraged to contact the instructor via e
-
mail or phone if they are having
difficulties with the course materials. Students are encouraged to attend the instructor’s
office hours for additional help as well.
Sierra College also offers a number of services,
including tutoring, for students in need of assistance.


Critical Dates


Last date to add class



9/
8
/1
3

Last date to drop with refund


9/
8
/1
3

Last date to drop without a ‘W’

9/
8
/1
3

Last date to drop with a
‘W’


1
1
/
5
/1
3


Course Objectives


1)

To identify basic concepts of macroeconomic theory and apply the concepts to
real world problems.

2)

To prepare students for further studies in economics.

3)

To demonstrate the value and usefulness of economics as a way of
understanding
the way the world works.

4)

To identify and apply the basic terms, concepts, and analytical models used in
economic reasoning

5) To allow students to become better, more
-
informed voters.


Student Perf
o
r
mance Outcomes


After completing this cours
e, students should be able to do the following:


1)

Explain in writing the basic principles underlying the economic way of thinking

2)

List and define basic economic terms (opportunity costs, supply and demand, etc)

3)

Use the supply and demand model to understand and explain how markets work

4)

Understand the construction, and application of various macroeconomic statistics
such as GDP and unemployment

5)

Understand, both conceptually and graphically, the basic macroeconomic

model
of the U.S. economy

6)

Understand the basis for economic growth and wealth creation

7)

Understand the application of fiscal and monetary policy and the effects on
macroeconomic variables

Course Outline



Please note that this is an
approximate

outline

and that the course will vary from the
se
dates
.
Such c
hanges will be announced in class and
posted
on
the

website.

Week 1

8/2
6

Introduction
, Chapter 1





8/2
8

Chapte
r 1

-

The Big Ideas




Week 2

9
/
2

Labor Day Holiday
-

N
O

CLASS





9
/
4

Chapter 2

-

Trade and Comparative Advantage




Week
3

9/
9

Chapter
2,
3

-

Supply & Demand






9/
1
1

Chapter 3
-

Supply & Demand




Week 4

9/1
6

Chapter 4

-


Equilibrium: Supply and Demand





9/1
8

Chapter 4
,

6
-

GDP & the Measurement of Progress




Week
5

9/
23

Exam #1 (Ch 1,

2,

3,

4)






9/
25

Chapter 6
-

GDP & the Measurement of Progress




Week 6

9/
30

Chapter 7


bc潮潭ic dr潷th





10
/2

Chapter
7
, 8

-


Growth & Capital Accumulation





Week
7

10/
7

Chapter 8
-

Growth & Capital Accumulation





10/9

Chapter 9
-

Saving, Investment, and the Financial System




Week 8

10/14

Chapter 9, 11
-

Unemployment





10/16

Chapter 11, 12
-

Inflation and
Quantity Theory of Money




Week 9

10/21

Exam #2 (Ch

6,

7,

8
, 9
)





10/23

Chapter
12
-
Inflation and Quantity Theory of Money




Week 10

10/28

Chapter 13
-

Aggregate Demand, Aggregate Supply





10/30

Chapter
13
-

Aggregate Demand, Aggregate Supply




Week 11

11/4

Chapter 15
-

Federal Reserve System





11/6

Chapter 15, 16


M潮etary m潬icy




Week 12

11/11

Veteran’s Day Holiday


NO CLASS






11/13

Chapter 16
-

Monetary Policy




Week 13

11/18

Chapter 16, 17, The Federal Budget, Taxes and
Spending





11/20

Exam #3 (Chapters 11,12
, 13, 15
)




Week 14

11/25

Chapter 17
-

The Federal Budget, Taxes and Spending





11/27

Chapter 17, 18
-

Fiscal Policy




Week 15

12/2

Chapter 18


ciscal m潬icy





12/4

Chapter 18


ciscal m潬icy




Week

16

12/9

Exam #
4

(Chapters 1
6, 17, 18
)





12/11

Final Exam

(Comprehensive)