GEORGIA HIGHLANDS COLLEGE

Course Syllabus-Fall Semester 2007

Course Number: ECON 2105 (CRN 80014) PSO

Course Title: Principles of Macroeconomics, 3 credit hours.

Pre-requisite: Satisfactory Placement Scores/READ 0099, ENG 0099.

Course Description: This course, principles of economics, is intended to enable students to understand and analyze broad economic measurements such as national income, inflation, and other “macro” aggregates. Macroeconomic behavior in modern market economies follows a cyclical pattern known as the business cycle. Money and banking and their relation to national income expansion and contraction are included, plus how fiscal and monetary policies have operated to stabilize the US economy since WWII.

Course Objective: At the completion of this course, the student should be able to demonstrate, through discussion and examination, a comfortable understanding of the major topics listed in the class schedule. In achieving this objective, the student will gain an historical perspective of economic events that influence our daily lives in the U.S. Also the student should gain confidence in his/her ability to use the computer as an indispensable business and communications tool.

Basic Text: Jeff Holt: Principles of Economics. McGraw-Hill, Higher

Education, 3rd Edition, 2006. ISBN 0-07-354285-7

Grading: (100pts each) First Hourly Exam 25%

Midterm Exam 25%

Second Hourly Exam 25%

Final Exam 25%

(course ave) A 90 - 100

B 80 - 89

C 70 - 79

D 60 - 69

F Below 60

Attendance Policy: Attendance is expected in all classes. Call or email if you cannot make it to a scheduled quiz or exam. No show without notification receives a letter grade (10 point) penalty.

Computers: All students are expected to maintain an email address. Students will be responsible for email assignments and communications and need to check their email messages regularly. Students will be instructed in the use of MS Excel spreadsheet techniques for the economic forecasting project. Students without access to a computer at home or work may use the computer facilities at the Georgia Highlands College Cartersville Center.

Instructor: Dr. Dudley Salley

Office: Cartersville Campus MW 3:00 – 5:00

Room 237 TR 1:00 -- 3:00 F 9:00 – 1:00

E – mail dsalley@highlands.edu Telephone (678) 872 -- 8073

Econ 2105 Macroeconomics

Fall Semester 2007

CLASS WEEK	COURSE OUTLINE	ASSIGNMENT
Aug 20 – 24	Scarce Resources and Economic Choice: Opportunity Cost. Social “Science” & Cartesian Graphs.	Chapter 1 Appendix Ch. 1 and class notes.
Aug 27 – 31	Rise of the Market Economy. Investment & Growth. Economic Systems: What, How, For Whom?	Chapter 2 and class notes. Appendix Ch. 5
Sep 3 -- 7	Market Price & Quantity. A Cartesian Model of Demand and Supply. Government Price Controls.	Chapter 3
Sep 10 -- 14	Exam. Exam Critique. Begin Forecasting Project	Chapters 1 - 3
Sep 17 -- 21	Measuring the Macro Economy. Inflation, Unemployment, GDP & Business Cycles.	Chapters 4 & 5
Sep 24 -- 28	Classical Theory of Smith, Say, Marx. The Quantity Theory of Money. The “Roaring ‘20’s”. The AD/AS Analytical Model.	Chapter 7, video, and class notes. Chapter 6
Oct 1 - 5	Catch up and Exam.	Chapters 4 - 7
Oct 8 - 12	Keynesian Theory (“The Depression”). Fiscal Policy: Kennedy’s “New Economics” of the 1960’s.	Chapter 8 Appendix, Ch. 12 Chapter 9
Oct 15 - 19	Paper Money and Banks. The Federal Reserve & (Keynesian) Monetary Policy.	Chapter 10 Chapter 11, 12
Oct 22 - 26	Fiscal and Monetary Policy “Mix”. The Nixon Years 1969 – 1974.	Class notes.
Oct 29 – Nov 2	Exam.	Chapters 8 - 12
Nov 5 - 9	1970’s Inflation, the “Great” Recession of 1974-75, and Friedman’s Modern Quantity Theory of Money. Volcker’s “Monetarism”, 1979-1982.	Chapter 12
Nov 19	1980’s: Reagan’s Supply Side Economics and the Revival of Classical Economics.	Economic Report of the President.
Nov 22 - 23	Thanksgiving.
Nov 26 - 30	Developing Economies and International Trade.	Chapter 14,15,16
Dec 3 - 5	Current U.S. Business Cycle and Forecasts for 2008.	W.St.J., Business Week, Websites.
Dec 6 - 12	Review and Exam.	Chapters1 - 16.

Course Drop/Add: Rules are found in the Georgia Highlands College Catalog . Deadline for Fall Semester is August 20-22. Last date to withdraw without penalty is October 9.

Student Conduct and Academic Integrity:

See Georgia Highlands College Catalog “Student Rights & Responsibilities” or http://www.highlands.edu/subwebs/academicaffairs/academicintegritypolicy.htm

Disability:

Any student who feels they may need an accommodation based on the impact of a disability should make an appointment with the College Access Center (706) 802-5003 to coordinate reasonable accommodations. You are also welcome to contact me privately to discuss your specific needs.

Students receiving financial aid:

Please be advised that any student receiving a 0.00 GPA will be required to prove that the 0.00 GPA was earned by attending classes or completing requirements for each class. 

Extended Absence Policy:

Students who have circumstances that prevent them from continuing to attend classes over an extended period of time, sometimes request that the faculty member permit them to submit work in absentia to receive credit to complete the course. If the concurrent absences will constitute more the 15% of the class sessions for the term, then written permission from the Division Chair is required before any course assignments can be completed while missing class. The student must be in good academic standing in the course to make the request. All approved coursework must be completed by the end of the semester in which the course was begun.

This syllabus follows the Georgia Highlands College academic course syllabus guideline, amended August, 2006.