ECON 0012A Section 530 Introduction To Macroeconomics .

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ECON 0012A Section 530Introduction to MacroeconomicsPreliminary YearCourse #: Economics 0012ASection #: 530Term: Fall Semester Beginning September 9th 2020Year: 2020Course Day and Time:Online CourseCourse Location: On-Line on Westerns Learning platform “OWL” and on “Zoom”Zoom meetings will occur in real time, however, will be recorded and posted to OWL for studentsthat cannot attend.Instructor InformationName: Heather HallettE-mail:hhallett@uwo.caOffice hours for students: TBAOffice location:Course DescriptionThe goal of the course is to provide an introduction to macroeconomics. The course will discuss concepts suchas national income accounting, inflation, unemployment. Using the micro foundations of macroeconomicstheory, you will develop a simple model to explain the effects of monetary and fiscal policy on levels ofaggregate output.No prerequisite.Learning OutcomesBrescia Competencies in italicsUpon successful completion of this course students will be able to:1.Measure and describe the major components of the national economy and the transactionsamong them. (Inquiry and Analysis)2. Apply macroeconomic models to predict the effect of broad economic events on the variouscomponents of the economy and the level of economic activity.(Critical Thinking and ProblemSolving)3. Apply macroeconomic models to formulate individual economic decisions. (Critical Thinkingand Problem Solving)4. Describe the mechanics of government monetary and fiscal policy. (Communication andInquiry and Analysis)P a g e 1 10

5. Assess the effectiveness of government economic policy in achieving economic and politicalgoals.(Critical Thinking and Problem Solving)6. Explain the significance and mechanisms of international trade in the context of the Canadianeconomy. (Communication)Student competency levels on these outcomes will vary. You can expect to achieve these outcomes ifyou honour course policies, attend classes regularly, complete all assigned work in good faith and ontime, demonstrate comprehension of the course content, and meet all other course expectations ofyou as a student.Brescia CompetenciesPrimary competencies developed in this course include:1. Communication (Level 1)2. Critical Thinking (Level 1)3. Inquiry and Analysis (Level 1)4. Problem Solving (Level 1)5. Valuing (Level 1)See es/ for a detailed description of eachcompetency.Teaching Methodology and Expectations of StudentsThis course combines both synchronous and asynchronous attendance. Attendance at Zoommeetings is encouraged, but not required. Zoom meetings will be recorded for future reference ofstudents and instructor. Readings may be expanded upon by way of videos, exercises, cases,and/or class discussions. You are expected to be prepared and fully engaged in learning. Youshould check OWL regularly for lecture notes, reading, and announcements.Copyright and Intellectual PropertyPowerPoint lecture slides and notes, lists of readings, in-class activities, assignment guidelines, andother components of the course materials are typically the intellectual property of the instructor.Unauthorized reproduction through audio-recording, video-recoding, photographing, sharing onsocial media, or posting on course-sharing websites is an infringement of copyright an isprohibited. Such action may be considered a Code od Conduct violation and lead to sanctions.Course PoliciesEmailEmail is a useful tool for sharing news, setting up appointments, or for a simple assignmentclarification, but for more complex questions, an online face-to-face meeting via “Zoom” is best.P a g e 2 10

Please make an appointment to discuss any personal, academic, group work, or controversialissues in person, especially any concerns that you might have about your grades. For privacyreasons, you must use your Western email account to contact me. Please include your name,course and section number in the subject line of your emails.If you are emailing to let me know that you will not be attending a zoom meeting. I will make anote of it but may not respond. Academic accommodation requests must go through theacademic advisors. If you are asking a question that is answered on OWL (example: “what did wedo in class today?”) I will not respond. Please check OWL before emailing. If you have anexceptional question the response to which would benefit the class, I thank you, and will post aresponse on OWL with gratitude. I will not check email over weekends and holidays, so planaccordingly.AppointmentsStudents are welcome to meet with me by arranging an on-line appointment at a mutuallyconvenient time. Be on time for your appointment, have an objective for the discussion.PrivacyTo respect privacy laws and the privacy of individual students, all grades will be distributed onOWL only. If you wish to discuss a grade, or review a test or paper, please make an appointmentwith the professor to do so in person. To respect your privacy, I will discuss your grades only withyou. Please do not share or compare your grades. I cannot share information about anotherstudent’s grades, so discussions comparing grades between students will not be entertained.Required Course MaterialsThis is an on-line course. It is inevitable that technology sometimes fails, however, a reliablecomputer and internet connection are necessary to complete the course. If this isn’t possible, youshould drop the course and re-enrol at a later date.All assignments (reports, exams, etc.) must be authored from an original document using aMicrosoft Word account registered to the student. Microsoft Word is available free to allstudents by visiting myoffice.uwo.ca. Documents submitted with registrations affiliated to anyoneother than the student may be taken as evidence of collaboration or plagiarism. Only MicrosoftWord documents will be acceptable upload submissions (i.e. do not submit pdf documents). If astudent is required to resubmit due to improper document formatting, late penalties will becalculated from the time the properly formatted document is submitted.E book: Exploring Macroeconomics, Sexton 4th ed. Canadian Publisher: Nelson(Available Here)P a g e 3 10

estType Base&catalogId 10052&categoryId &productId 733785&errorViewName ProductDisplayErrorView&urlLangId -1&langId 1&top category &parent category rn &storeId 10651Course ContentWeekly Organizer:Assignments and/or ReadingsDueDay/TopicDateDescription1Sept. 9th/2020IntroductionEconomic principlesZoom Meeting 10:00 am EDTSept.16th/2020Introduction to Macro economyZoom Meeting 10:00 am EDTSept.23rd/2020Measuring PerformanceSept.30th/2020Aggregate Demand, Supply,EquilibriumZoom Meeting 10:00 am EDTOct. 5th/2020Homework DueHomework #1 Due 10%Oct. 7th/2020Economic GrowthZoom Meeting 10:00 am EDT2345Forum ParticipationForum ParticipationZoom Meeting 10:00 am EDTForum ParticipationForum ParticipationForum Participation6Oct. 14th/2020Fiscal PolicyZoom Meeting 10:00 am EDTForum Participation7Oct. 21st/2020Money and BankingZoom Meeting 10:00 am EDTForum Participation8Oct.26th/2020Test #1Test #1 20% Multiple ChoiceOct. 28th/2020Bank of CanadaZoom Meeting 10:00 am EDTForum Participation9Nov. 4thFall Reading WeekReading Week Nov. 2. – 6thNov.11th/2020Monetary policyZoom Meeting 10:00 am EDTForum ParticipationP a g e 4 10

101112Nov. 12thLast day to drop course with noacademic penaltyDrop DateNov.18th/2020International FinanceZoom Meeting 10:00 am EDTNov. 23rd/2020Homework DueHomework #2 Due 10%Nov.25th/2020International TradeZoom Meeting 10:00 am EDTDec. 9th/2020International Trade cont’dForum ParticipationForum ParticipationZoom Meeting 10:00 am EDTForum ParticipationExam periodDec. 11 – 22ndFinal ExamCUMULATIVE FINAL EXAM 30%Set by RegistrarEvaluationYou must complete all evaluation components to pass the course. I will not re-weight coursecomponents unless you have received an academic accommodation. I will not adjust grades basedon need. Your mark in the course will be the mark that you earn based on your comprehension ofcourse content. Extra credit assignments are not available, and evaluations cannot be rewritten toobtain a higher mark. Once you have completed an evaluation, you are committed to the markearnedLate assignments will be penalized 3% per day. Assignments that are handed in more than oneweek after the due date will not be accepted without documentation from an academic advisor.If you require an extension, please see the Academic Policies and Regulations section at the end ofthis course outline or consult the Academic Calendar.Information on documentation can be found ing/P a g e 5 10

Evaluation ciaCompetenciesForum Contribution (asynchronous)30%On going1-61-5Homework #110%Oct.5th/202031,2,3,4,5Test #1 Multiple Choice20%Oct.26th/20201,21,2,3,4Homework #210%Nov.23rd/202051,2,3,4,5Final Exam cumulative Exam period30%Set byRegistrar1,2,4,5,61,3,4Academic AccommodationFor course components worth 10% or more of the total course grade, please see the Academic Policies andRegulations section at the end of this course outline or consult the Academic Calendar.For course components worth less than 10% of the total course grade, documentation will be required.Medical or other supporting documentation should be submitted to your Academic Advisor (not yourinstructor).2020-21 BRESCIA UNIVERSITY COLLEGE ACADEMIC POLICIES AND REGULATIONS1. POLICY REGARDING ACADEMIC ACCOMMODATIONThe complete policy regarding Accommodation for Illness - Undergraduate Students can be found m?Command showCategory&PolicyCategoryID 1&SelectedCalendar Live&ArchiveID #Page 12.Students who have long-term or chronic medical conditions which may impede their ability to complete academicresponsibilities should seek Academic Accommodation through Student Accessibility ages.cfm?PolicyCategoryID 1&Command showCategory&SelectedCalendar Live&ArchiveID #Page 10).P a g e 6 10

Personal commitments (e.g., vacation flight bookings, work schedule) which conflict with a scheduled test, exam orcourse requirement are not grounds for academic accommodation.Students who experience an illness or extenuating circumstance sufficiently severe to temporarily render themunable to meet academic requirements may submit a request for academic consideration through the followingroutes:1. Submitting a Self-Reported Absence form provided that the conditions for submission are met;2. For medical absences, submitting a Student Medical Certificate (SMC) signed by a licensed medicalor mental health practitioner;3. For non-medical absences, submitting appropriate documentation (e.g., obituary, police report,accident report, court order, etc.) to their Academic Advisor. Students are encouraged to contact theirAcademic Advisor to clarify what documentation is acceptable.Requests for Academic Consideration Using the Self-Reported Absence PortalStudents who experience an unexpected illness or injury or an extenuating circumstance of 48 hours or less thatis sufficiently severe to render them unable to meet academic requirements should self-declare using the onlineSelf-Reported Absence portal. This option should be used in situations where the student expects to resumeacademic responsibilities within 48 hours. Note that the excused absence includes all courses and academicrequirements within the up to 48 hours, it is not intended to provide an excused absence from a single coursewhile students fulfill their academic responsibilities in other courses during that time.The following conditions are in place for self-reporting of medical or extenuating circumstances:1. Students will be allowed a maximum of two self-reported absences between September and Apriland one self-reported absence between May and August;2. The duration of the absence will be for a maximum of 48 hours from the time the Self-Reported Absenceform is completed through the online portal, or from 8:30 am the following morning if the form issubmitted after 4:30 pm;3. The excused absence will terminate prior to the end of the 48 hour period if the student undertakessignificant academic responsibilities (writes a test, submits a paper) during that time;4. Self-reported absences will not be allowed for scheduled final examinations; midterm examinationsscheduled during the December examination period; or for final lab examinations scheduled during thefinal week of term;5. Self-report absences may not be used for assessments worth more than 30% of any course;6. Any absences in excess of 48 hours will require students to present a Student Medical Certificate(SMC), or appropriate documentation;7. Students must communicate with their instructors no later than 24 hours after the end of the periodcovered by the Self-Reported Absence form to clarify how they will fulfil the academic expectations theymay have missed during the absence.Request for Academic Consideration for a Medical AbsenceWhen a student requests academic accommodation (e.g., extension of a deadline, a makeup exam) for workrepresenting 10% or more of the student’s overall grade in the course, it is the responsibility of the student to provideacceptable documentation to support a medical or compassionate claim. All such requests for academicaccommodation must be made through an Academic Advisor and include supporting documentation.Academic accommodation for illness will be granted only if the documentation indicates that the onset, duration andseverity of the illness are such that the student could not reasonably be expected to complete their academicresponsibilities. Minor ailments typically treated by over-the-counter medications will not normally be accommodated.The following conditions apply for students seeking academic accommodation on medical grounds:1. Students must submit their Student Medical Certificate (SMC) along with a request for relief specifying thenature of the accommodation being requested no later than two business days after the date specified forresuming responsibilities. An SMC can be downloaded fromhttp://www.uwo.ca/univsec/pdf/academic policies/appeals/medicalform.pdf ;2. In cases where there might be an extended absence or serious issue, students should submit theirdocumentation promptly and consult their Academic Advisor for advice during their recovery period;P a g e 7 10

3.4.5.Whenever possible, students who require academic accommodation should provide notification anddocumentation in advance of due dates, scheduled tests or examinations, and other academic requirements;Students must communicate with their instructors no later than 24 hours after the end of the period coveredby the SMC to clarify how they will fulfil the academic expectations they may have missed during theabsence;Appropriate academic accommodation will be determined by the Dean’s Office/Academic Advisor inconsultation with the course instructor(s). Academic accommodation may include extension of deadlines,waiver of attendance requirements, arranging Special Exams (make-ups), re-weighting course requirements,or granting late withdrawal without academic penalty.The full policy on requesting accommodation due to illness can be viewed fm?Command showCategory&PolicyCategoryID 1&SelectedCalendar Live&ArchiveID #Page 122. ACADEMIC CONCERNSIf you feel that you have a medical or personal challenge that is interfering with your work, contact your instructor andAcademic Advisor as soon as possible. Problems may then be documented and possible arrangements to assist you can bediscussed at the time of occurrence rather than on a retroactive basis. Retroactive requests for academic accommodation onmedical or compassionate grounds are not normally considered.If you think that you are too far behind to catch up or that your work load is not manageable, you should consult yourAcademic Advisor. If you consider reducing your workload by dropping one or more courses, this must be done by theappropriate deadlines; please refer to the Registrar's website, / or the listof official sessional dates in the Academic alDates.cfm?SelectedCalendar Live&ArchiveID ).You should consult with the course instructor and the Academic Advisor who can help you consider alternatives todropping one or more courses. Note that dropping a course may affect OSAP eligibility and/or Entrance Scholarshipeligibility.3. ABSENCESShort Absences: If you miss a class due to a minor illness or other problems, check your course outline forinformation regarding attendance requirements and make sure you are not missing a test or assignment. Cover anyreadings and arrange to borrow notes from a classmate. Contact the course instructor if you have any questions.Please note that for asynchronous online courses, attendance or participation requirements maybe different than forsynchronous or in-person courses.Extended Absences: If you have an extended absence, you should contact the course instructor and an AcademicAdvisor. Your course instructor and Academic Advisor can discuss ways for you to catch up on missed work, andarrange academic accommodations if appropriate and warranted.It is important to note that the Academic Dean may refuse permission to write the final examination in a course if thestudent has failed to maintain satisfactory academic standing throughout the year or for too frequent absence from theclass or yPages.cfm?Command showCategory&PolicyCategoryID 5&SelectedCalendar Live&ArchiveID #SubHeading 68 ).4. SCHOLASTIC OFFENCESScholastic offences are taken seriously and students are directed to read the appropriate policy, specifically, thedefinition of what constitutes a Scholastic Offence fm?Command showCategory&PolicyCategoryID 1&SelectedCalendar Live&ArchiveID #Page 20.P a g e 8 10

Students are responsible for understanding the nature of and avoiding the occurrence of plagiarism and other academicoffences. Note that such offences include plagiarism, cheating on an examination, submitting false or fraudulentassignments or credentials, impersonating a candidate, or submitting for credit in any course without the knowledgeand approval of the instructor to whom it is submitted, any academic work for which credit has previously beenobtained or is being sought in another course in the University or elsewhere. Students are advised to consult the sectionon Scholastic Discipline for Undergraduate Students in the Academic Calendar.If you are in doubt about whether what you are doing is inappropriate or not, consult your instructor, the Academic Dean’sOffice, or the Registrar. A claim that "you didn't know it was wrong" is not accepted as an excuse.The penalties for a student guilty of a scholastic offence (including plagiarism) include refusal of a passing grade in theassignment, refusal of a passing grade in the course, suspension from the University, and expulsion from theUniversity.Plagiarism:Students must write their essays and assignments in their own words. Whenever students take an idea or a passagefrom another author, they must acknowledge their debt both by using quotation marks where appropriate and by properreferencing such as footnotes or citations. Plagiarism is a major academic offence.All required papers may be subject to submission for textual similarity review to the commercial plagiarism detectionsoftware under license to the University for the detection of plagiarism. All papers submitted for such checking will beincluded as source documents in the reference database for the purpose of detecting plagiarism of papers

Course Description . The goal of the course is to provide an introduction to macroeconomics. The course will discuss concepts such as national income accounting, inflation, unemployment. Using the micro foundations of macroeconomics theory, you will develop a simple model to explain t

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