ECON 2301-04 Introduction To Macroeconomics Fall 2020

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ECON 2301-04 Introduction to MacroeconomicsFall 2020Dr. Brandli StitzelClass Days/Times/Location: Tuesday & Thursday/11:00-12:15am/CC 201Office Location: Classroom Center 336FOffice Hours: In person T/W/H 10-11am CDT. Online via Zoom T/W/H 1-3pm CDT. Preceding each assignmentdeadline via Zoom meeting. Additional time either in person or online available by appointment.Office Phone: 806-651-4122Email: bstitzel@wtamu.edu; My preferred correspondence is WTClass messages.Social Media: Keep up with the latest happenings of your COB on Facebook and Twitter, connect with us onLinkedIn, and check out COB videos on YouTube.Terms of UseA student's continued enrollment in this course signifies acknowledgment of and agreement with thestatements, disclaimers, policies, and procedures outlined within this syllabus and elsewhere in the WTC lassenvironment. This Syllabus is a dynamic document. Elements of the course structure (e.g., dates and topicscovered, but not policies) may be changed at the discretion of the professor.WTAMU Paul and Virginia Engler College of Business Mission StatementThe mission of the Paul and Virginia Engler College of Business is to provide high quality undergraduate andgraduate business education with a global perspective and ethical awareness. We accomplish this throughemphasis on excellence in teaching, which is strengthened by faculty scholarship and supported byprofessional service.and advancement via key learning goals andLearning Objectives of the WTAMU Paul andobjectives.Virginia Engler College of Business ProgramsThe Paul and Virginia Engler College of BusinessThe learning objectives of the Paul and Virginia(COB) at West Texas A&M University (WTAMU)Engler College of Business are as follows:seeks to prepare students in the Bachelor of LeadershipBusiness Administration (BBA), Master of Business CommunicationAdministration (MBA), Master of Professional Critical ThinkingAccounting (MPA), Master of Science in Computer Business IntegrationInformation Systems and Business Analytics Core Business Knowledge(MSCISBA) and the Master of Science Finance and Global Business EnvironmentEconomics (MSFE) degree programs for careers in Business Ethics and Corporate Governancebusiness and to foster their professional growth1

Course DescriptionThis class is an introduction to macroeconomics. We will familiarize ourselves with core economic ideasincluding, but not limited to; markets, growth, business cycles, inflation, money, monetary policy, and fiscalpolicy.Course Objectives1. Identify the major measures of national economic performance.2. Demonstrate an understanding of the causes of economic growth, business cycles, and inflation.3. Describe the role of the Federal Reserve System and the commercial banking industry in determining the supplyof money and credit in the economy.4. Understand the impact and potential limitations of monetary policy.5. Understand the impact and potential limitations of fiscal policy.6. Demonstrate an understanding of the financial linkages between countries and the impact of these linkages onnational economic performance and living standards.Map from COB Learning Objectives to Specific Course ObjectivesThe Engler College of Business Learning Goals are related to the course objectives for ECON 2301, as follows:1. Students will demonstrate competencies in writing, speaking, and technology communication viaindividual exams, written assignments, and in-class exercises, discussion forums.2. Students will demonstrate their competencies in critical thinking via individual exams, writtenassignments, and in-class exercises.3. Students will demonstrate their competencies in ethical decisions via written assignments, and in-classexercises.4. Students will demonstrate their knowledge of the global and domestic environment and their relevanceto the business contexts via individual exams and written assignments.5. Students will demonstrate their knowledge of diversity for effective problem-solving via individualexams, written assignments, and in-class exercises.6. Students will illustrate and explain theories and concepts related to markets, growth, business cycles,inflation, money, monetary policy, and fiscal policy via individual exams, written assignments, and inclass exercises.Course Materials (Including text, calculator, internet connectivity, software, virtual programs, etc.) Principles of Macroeconomics videos, Marginal Revolution UniversityOther materials will be made available as the semester progresses.Course Grading PoliciesThere are two exams and ten homework assignments in this class. The schedule will be available with moredetail in EVariousWeek of Oct 14thDecember 10th2

Grading Scale:A [1.00, 0.895]B (0.895, 0.795]C (0.795, 0.695]D (0.695, 0.595]F (0.595, 0]All grades will be posted to the gradebook in WTClass.Course Assignment, Examination, and or Project PoliciesHomework:There are ten homeworks comprising 30% of the course grade. The homework will completed online. Thehomework assignments must be completed individually and students are permitted to reference coursematerials. Using the work of other students, whether past or present, is never acceptable. Plagiarized workwill result in an automatic zero on the assignment.Exams:There are two exams for the course. Each is equally weighted at 35%. Exams are multiple choice, online, andwill be done out of class during an exam window. Exam one will cover comparative advantage, markets, trade,market failure, inflation, unemployment and growth. The final will cover growth, Keynesian economics,aggregated supply and demand, and fiscal policy, deficits, debt, monetary theory, and monetary policy. Theexam will open on the date listed in the course schedule at beginning of day (12:00am CDT) and will close onthe date listed in the course schedule at end of day (11:59pm CDT). Students will have 100 minutes tocomplete 35 multiple choice questions. The exam will be reviewable after the due date has passed. The examis taken in WTClass. It must be completed individually and students are permitted to reference coursematerials.Classroom ConductStudents are expected to be courteous and respectful of the instructor and other students. The classroomenvironment should be centered around learning and classroom conduct should reflect this.Additional Course PoliciesAll work will be submitted electronically. You must do your own work unless otherwise instructed. You maynever use the work of other students past or present. Please cite sources when you use them. Plagiarizedwork will result in an automatic zero on the assignment.Late work will not be accepted.There is no extra credit available in the course.There will be no incompletes granted for this course.3

All students in this course will be treated equally. There will be no opportunities granted to any one studentthat are not equally available to all other students in the course.Course Topics - Tentative Calendar of Readings, Topics, and Due Dates2020AUG 25-AUG 27SEP 1 – SEP 3SEP 8 – SEP 10SEP 15 – SEP 17SEP 22 – SEP 24SEP 29 – OCT 1OCT 6 – OCT 8OCT 13 – OCT 15OCT 20 – OCT 22OCT 27 – OCT 29NOV 3 – NOV 5NOV 10 – NOV 12NOV 17 – NOV 19NOV 24 – NOV 26DEC 1 – DEC 3DEC 7-- DEC 11CHAPTERIntroductionAbsolute and Comparative AdvantageMarkets and Supply and DemandElemental Case for Free TradeIntro to GrowthGrowth(Exam Week)Keynesian MacroAggregate Supply and DemandFiscal PolicyFederal Deficits and DebtFED Monetary TheoryMoney and Financial system No Class the (26th )Monetary policy/ReviewFinal Exam WeekWTAMU Paul and Virginia Engler COB Student Code of EthicsEach student enrolled in COB courses accepts personal responsibility to uphold and defend academic integrityand to promote an atmosphere in which all individuals may flourish. The COB Student Code of Ethics strives toset a standard of honest behavior that reflects well on students, the COB and West Texas A&M University. Allstudents enrolled in business courses are expected to follow the explicit behaviors detailed in the StudentCode of Ethics.Code of Ethics Do not use notes, texts, solutionmanuals, or other aids for a quiz or examwithout instructor authorization. Do not copy the work of others and/orallow others to view your answers orcopy your work during a quiz, exam, oron homework assignments. Do not allow other parties to assist in thecompletion of your quiz, exam,homework, paper, or project when notpermitted. 4Do not work with other students onprojects or assignments withoutauthorization from the course instructor.Properly cite and specifically credit thesource of text, graphic, and webmaterials in papers, projects, or otherassignments.Do not forge the signature of aninstructor, advisor, dean, or anotherstudent.Provide truthful information for classabsences when asking faculty for excused

absences or for a make-up for a quiz,exam, or homework.Provide truthful information on yourresume including work history, academicperformance, leadership activities, andmembership in student organizations.Respect the property, personal rights,and learning environment of all members of the academic community. Thisincludes posting, sharing, and otherwisedistributing the course materials outsideof this course without expressedpermission of the faculty, college,university, or system.Live up to the highest ethical standards inall academic and professional endeavors.Students violating the Student Code of Ethics will be reported to the Dean’s office and are subject to penaltiesdescribed in the West Texas A&M University Code of Student Life, which may include suspension from theUniversity. In addition, a violator of the Student Code of Ethics may become ineligible for participation instudent organizations sponsored by the COB and for recognition for College academic honors, awards, andscholarships.COB Student Resources LinkThe COB has developed a Student Resources repository (e.g., APA writing style information, business corereviews, facilities, and other helpful supplements), which can be found on the COB Website. Additionally,WTAMU has developed an Academic Study Skills information site to assist students (e.g., study habits,supplemental instruction, tutoring, writing and math skills), which can be found on the WTAMU Website. ForWTAMU Writing Center information (for students needing writing assistance, guidance, and feedback), pleasevisit their website.COB Communications ComponentThe Paul and Virginia Engler College of Business Communication Component requires students to demonstrateknowledge of communication skills. The COB communications component is a requirement in the followingcourses: ACCT 4373 (Accounting Communications), BUSI 1304 (Business Communication), BUSI 3320 (DigitalCollaboration and Communication), BUSI 4333 (Cross-Cultural Issues in Business Communications), BUSI 4350(Current Issues in Management Communications), BUSI 4375 (Healthcare Communication), BUSI 4380 (ConflictResolution and Negotiation), BUSI 4382 (Emerging Media Law), CIDM 3320 (Digital Collaboration andCommunication), ECON 4370 (Economics of Health Care), FIN 3350 (Personal Financial Planning), FIN 4320(Investments), FIN 4321 (Portfolio Theory), MGT 3335 (Organizational Behavior), MGT 4380 (ConflictResolution and Negotiation), or MKT 3342 (Consumer Behavior).Student Travel OpportunitiesIn multiple business courses, there may be opportunities for student travel supplemented by student fees. Ifyou have an interest in such opportunities as they become available, please notify a faculty member.Dropping/Repeating the CourseShould a student decide to drop the course, it is the student’s responsibility to be aware of the final dropdates and adhere to the WTAMU Add/Drop policy. Any student participating in the course after the WTAMUposted drop date will be considered active and a grade will be administered at the end of the course for thatstudent. Students are charged a fee for any course attempted for a third or subsequent time at WTAMU other5

than a non-degree credit developmental course or exempted courses.Scholastic DishonestyIt is the responsibility of students and instructors to help maintain scholastic integrity at the University byrefusing to participate in or tolerate scholastic dishonesty. Commission of any of the following acts shallconstitute scholastic dishonesty. This listing is not exclusive of any other acts that may reasonably be said toconstitute scholastic dishonesty: acquiring or providing information for any assigned work or examinationfrom any unauthorized source; informing any person or persons of the contents of any examination prior tothe time the examination is given in subsequent sections of the course or as a makeup; plagiarism; submissionof a paper or project that is substantially the same for two courses unless expressly authorized by theinstructor to do so; submission of a paper or project prepared by another student as your own. You areresponsible for being familiar with the University's Academic Integrity Code, as well as the COB Student Codeof Ethics listed in this document.Academic IntegrityAll work must be completed individually unless otherwise stated. Commission of any of the following acts shallconstitute scholastic dishonesty: acquiring or providing information for any assigned work or examination from anyunauthorized source; informing any person or persons of the contents of any examination prior to the time the examis given in any subsequent sections of the course or as a makeup; plagiarism; submission of a paper or project that issubstantially the same for two courses unless expressly authorized by the instructor to do so. For more information,see the Code of Student Life.Viewpoints/External Websites DisclaimerThe views expressed in this document, web-based course materials, and/or classroom presentations anddiscussions are those of the professor and do not necessarily represent the views of West Texas A&MUniversity, its faculty and staff, or its students. Views expressed by students are l ikewise those of the personmaking such statements. It is understood and expected that each individual within this course will respect andallow individual difference of opinion.Neither the professor, the COB, nor WTAMU are responsible for the content of external websites discussed inthe classroom and/or linked to via online course materials, emails, message boards, or other means. Referredwebsites are for illustrative purposes only, and are neither warranted nor endorsed by the professor, COB, orWTAMU. Web pages change frequently, as does domain name ownership. While every effort is made toensure proper referencing, it is possible that students may on occasion find materials to be objectionable forreasons beyond our control.Acceptable Student BehaviorClassroom behavior should not interfere with the instructor’s ability to conduct the class or the ability of otherstudents to learn from the instructional program (Code of Student Life). Unacceptable or disruptive behaviorwill not be tolerated. Students engaging in unacceptable behavior may be instructed to leave the classroom.Inappropriate behavior may result in disciplinary action or referral to the University’s Behavioral Intervention6

Team. This prohibition applies to all instructional forums, including electronic, classroom, labs, discussiongroups, field trips, etc.Technology RequirementsAll technological requirements for the successful completion of this course are the responsibility of thestudent, including access to a working computer and/or to a device with secure broadband Internetconnection, data storage and retrieval, and state-of-the-art security. The student is responsible for alltechnological problems not related to WTAMU, including but not limited to equipment failures, poweroutages, and internet breakdowns. Furthermore, students are responsible for all necessary technical andoperational skills for completing this course, and for being familiar with WTClass (the Blackboard LearningManagement System) both in a general sense and in a specific sense as pertaining to this course and anymaterials stored within. The professor is not responsible for any technical matters related to WTClass.Students must contact the IT Service Center at 806-651-4357 or itsc@wtamu.edu if they have problemsaccessing and/or using the WTClass environment. Students are also encouraged to consult the StudentTechnology Support Portal at students.wtamu.edu for help with WTClass.Physical or Educational Access - ADA StatementWest Texas A&M University seeks to provide reasonable accommodations for all qualified persons withdisabilities. This University will adhere to all applicable federal, state, and local laws, regulations, andguidelines with respect to providing reasonable accommodations as required to afford equal educationalopportunity. It is the student's responsibility to register with Student Disability Services (SDS) and to contactfaculty members in a timely fashion to arrange for suitable accommodations. Contact Information: StudentSuccess Center, CC 106; phone 806-651-2335.Title IX StatementWest Texas A&M University is committed toproviding a learning, working, and livingenvironment that promotes personal integrity,civility, and mutual respect in an environment freeof sexual misconduct and discrimination. Title IXmakes it clear that violence and harassment basedon sex and gender are Civil Rights offenses subjectto the same kinds of accountability and the samekinds of support applied to offenses against otherprotected categories such as race, national origin,etc. Harassment is not acceptable. If you orsomeone you know has been harassed orassaulted, you can find the appropriate resourceshere: WTAMU Title IX CoordinatorTitleIX@wtamu.edu or call 806.651.3199 WTAMU Counseling Services – ClassroomCenter 116, or call 806.651.2340 WTAMU Police Department – 806.651.2300, ordial 911 24-hour Crisis Hotline – 800.273.8255, or806.359.6699, or 800.692.4039 Visit the Notalone websiteFor more information, see the Code of Student Life.WT Attendance Policy for Core Curriculum ClassesFor the purposes of learning assessment and strategic planning, all students enrolled in Core Curriculum ordevelopmental courses at West Texas A&M University must swipe their Buff Gold cards through the card7

reader installed in the classroom/lab for each class/lab meeting.Evacuation StatementIf you receive notice to evacuate the building, please evacuate promptly but in an orderly manner. Evacuationroutes are posted in various locations indicating all exits, outside assemble area, location of fire extinguishers,fire alarm pull stations and emergency telephone numbers (651.5000 or 911). In the event an evacuation isnecessary; evacuate immediately do not use elevators; take all personal belongings with you; report to outsideassembly area and wait for further information; students needing assistance in the evacuation process s houldbring this to the attention of the instructor at the beginning of the semester.CopyrightAll original content in this document, all web-based course materials (be they text, audio, and/or video),and/or classroom presentations are subject to copyright provisions. No distribution without the expresswritten consent of the author. Students are prohibited from selling (or being paid for taking) notes during thiscourse to or by any person or commercial firm without the express written permission of the professor.* Syllabus template approved by COB Curriculum Committee July 2020. Annual review of the syllabus is aformal part of the COB continuous improvement process.8

Course Description This class is an introduction to macroeconomics. We will familiarize ourselves with core economic ideas including, but not limited to; markets, growth, business cycles, inflation, money, monetary policy, and fiscal pol

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