Calumet College of St. Joseph

SYLLABUS FOR PRINCIPLES OF ECONOMICS I

 

Term: Fall 2001-2002 (011) (Sept. 4 – Dec. 15)                                                       

Course Number: ECN 210a

Instructor:   Mr. Terry Ferrari

Office:  Classroom prior to class every Thursday or other times as scheduled.

Office Phone: 1-800-333-0894 ext. 5479; or 312-322-5479

E-mail:  Terry.R.Ferrari@chi.frb.org

Office Hours: The office phone noted above, Monday through Friday 8:00 am – 4:00 PM

 

Instructor Background: BA – Augustana (IL) College, English; MBA – Loyola University Chicago, Accounting.  Business experience: Ford Motor Company 1976 – 1981; Searle Pharmaceutical 1981 – 1982; Federal Reserve Bank of Chicago 1982 - present.

 

Course Time: Thursdays 7:00 PM – 10:00 PM

 

Course Description: This course serves as an introduction to economics in general, and as an introduction to macroeconomics in particular.  It includes such topics as national income, employment, monetary policy, economic growth, and the international implications of macroeconomic policy.

 

Prerequisites: MTH 160 (or equivalent), concurrent registration, or consent of program director.

 

Learning Outcomes/ Competencies:

Students will be introduced to a range of macroeconomic theories and concepts, such as national and world aggregates, money and banking, and problems and controversies.

 

Students in this course will:

 

·         Be able to illustrate the usefulness of economic analysis by applying appropriate thought processes to various economic situations that can be found in the textbook, contemporary literature, and current media.

·         Be able to develop their own individual economic reasoning talents.

·         Understand and appreciate the role of consumers, businesses, and governments in the national and world economies.

 

Textbook: Economic Principles, Problems, and Policies, 14th Edition (1999) by McConnell and Brue

 

Learning Strategies:

Students will be expected to read assigned materials and contribute to class discussion.  Students will be encouraged to contribute to the overall learning atmosphere by providing articles from the newspaper, internet, or other sources as appropriate.

 

Assessment:

Students will be required to take four short answer essay tests and submit weekly homework assignments.  The tests will be weighted based on length and overall class performance.  Extra credit exercises are available and will be accepted until the final examination.

 

 

Exams (Midterm, Final, Quizzes)                                                     90% of grade

Class participation/collaboration/attendance/assignments       10 % of grade

Class Policy on Attendance:

Students are expected to attend classes and participate.  Students are also expected to take all examinations and turn in all assigned homework.  If possible, absences should be discussed in advance.  If absences are not anticipated, students should contact the instructor to ensure that any missed assignments are completed and submitted.

 

Class Policy on Electronic Devices: (Cell phones, Beeper, Pagers, etc.)

It is understood that certain important personal situations may occur.  Therefore, please discuss any circumstances with the instructor so that arrangements can be made so that students can remain accessible, if necessary, and disruptions can be kept to a minimum.

 

Course Outline:

 

Class Dates        Chap(s)                                Topic(s)                                                               Assignments *                   Other

Sep. 06                  1 –   2                    Introductory Material                           Chapters 3 – 4

Sep. 13                  3 –   4                    Markets                                                 Chapters 5 – 6

Sep. 20                  5 –   6                    Mixed Economies; Internatl.Topics                Chapter 7

Sep. 27                      7                          Measuring Domestic Output            Chapters 8 – 9                     TEST

Oct. 04                     8 –  9                    Unemployment; Inflation                    Chapters 10 – 11

Oct. 11                   10 – 11                  Inflation: Aggregate Expenditures    Chapter 12

Oct. 18                   11 – 12                  Aggregate Demand and Supply       Chapter 13

Oct. 25                      13                       Money and Banking                            Chapter 14                            TEST

Nov. 01                      14                       Federal Reserve; Money                   Chapter 15

Nov. 08                      15                       Monetary Policy                                   Chapter 16

Nov. 15                     16                       Aggregate Supply                                                Chapters 17 – 18                 TEST

Nov. 22                                                  NO CLASS – HAPPY THANKSGIVING!

Nov. 29                  17 – 18                  Macro Theory and Policy Disputes Chapter 19

Dec. 06                      19                       Deficits, Debt, and Growth

Dec. 13                                                                                                                                                                  TEST

* Other supplementary reading may be assigned as appropriate.

 

Class Participation:

Students will be expected to read assigned materials and contribute to class discussion.  Students will be encouraged to contribute to the overall learning atmosphere by providing articles from the newspaper, internet, or other sources as appropriate.

 

Center for Academic Excellence:

Tutoring assistance is free to all students of Calumet College of St. Joseph. Call the Center for Academic Excellence (CAE), to make an appointment at 1-219-473-4287. The Center has experienced and well-trained tutors in most subject areas to help students who are struggling in a course or who are doing well and would like to do better. Regular weekly tutoring sessions are likely to improve your grade.

 

Statement of Plagiarism:

If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or been involved in another form of academic dishonesty, the instructor or other personnel may elect to bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is dismissal from the College. The procedures for judicial review are listed under the section of CCSJ handbook that addresses student grievances. (Academic Planner 2001/2002 p.27)

 

 

 

Citation Guidelines:

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, and Chicago Manual of Style or Turabian.).  All of these guidelines are available in the Calumet College of St. Joseph library or bookstore.  These texts outline how to cite references from a variety of sources, including electronic media.

 

Withdrawal from Classes Policy:

After the last day for class changes has passed (see College calendar), students may withdraw from a course in which they are registered with permission from the faculty member conducting the course. A written request detailing the reason(s) for the withdrawal must be filed with the Registrar. Written request for withdrawal must be received by the Registrar by the last day of classes prior to the final examination dates specified in the catalogue. Written requests may be mailed to the Registrar or faxed to the College fax number 1-219-473-4259. Students are to make note of the refund schedule when withdrawing from courses. The request is forwarded to the faculty member, who makes the final determination to accept or deny the request. If the request is honored, the student will receive notification of official withdrawal; if denied, the notification will indicate why the withdrawal is disallowed. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

 

An official withdrawal is recorded as a "W" grade on the student's transcript. Dropping a course without written permission automatically incurs an "F" grade for the course (see Refund Schedule).