Course Description and Purpose

Course Objectives

By the end of this course you will be able to:

• Explain how the aggregate economy operates.
• Describe the operation of market forces such as demand and supply, elasticities, and general equilibrium.
• Discuss the role of the government in the economic system in relation to enterprising.
• Identify potential GDP versus actual, and the trade-off between unemployment and inflation.
• Explain the monetary system (expansionary/contractionary), the role of the Federal Reserve, money supply determination, and fiscal policy.
• Illustrate the business cycle and aggregate supply/aggregate demand model.

Important Information

Please read this section carefully before you proceed to the rest of the syllabus.

1. This is a fully online course which provides flexibility within limits.
2. If you take a vacation, you still need to fulfill your responsibilities with regard to assignments and exam deadlines.
3. I will not elevate the final average to the next highest decimal, even if it is a minuscule amount.
4. Please read the Syllabus carefully, line by line and ensure that you submit assignments timely and allow sufficient time to take your exams (do not start your exam at 11:00 pm, or submit your assignment at 11:29 pm).

You should also review the following pages:

• Policies
• Technical Requirements and Skills
• Adobe Connect Office Hours
• Accessibility and Accommodation
• Panthers Care & Counseling and Psychological Services (CAPS)
• Academic Misconduct Statement

Course Prerequisites

There are no prerequisites for this course.

Textbook and Course Materials

Essay Assignments

There will be a total of three (3) essay assignments (12 points of total grade - 4 points each).

You're expected to complete these essays on your own.

The purpose of selecting particular essay topics is to create a learning environment and allow students to enhance their knowledge of the principles of macroeconomics. Essay topics are designed to enhance the student’s knowledge by researching the topic, reading, and extrapolating the knowledge in writing and formatting it for grading purposes.

You need to format your answers according to the instructions (exactly) given below. Any violation will result in a point deduction.

Directions:

• Use Times New Roman, 12pt font, double-spaced, 1-inch margins.
• Do not repeat the questions in your submission; just provided responses.
• Provide three (3) references in APA format.
  • The Purdue Online Writing Lab covers everything you need to know about APA format. Use these guides and the others in the website's left menu to help format your references properly: (1) In-Text Citations: The Basics and (2) Reference List: Basic Rules.
• Use your own wording.
• Must be submitted as a word document (doc, docx) -- Canvas will not accept other filetypes.
• Must be independently researched.
• Must be completely free of grammatical, punctuation and spelling errors.
• One point will be deducted for each violation (please take it seriously).
• Essays will be checked for plagiarism using Turnitin.com's plagiarism framework. You will be able to see the percentage of your essay that has been matched to other sources on the web and make the necessary adjustments to resubmit before the due date. Keep this percentage as low as possible! 

Find the due dates in the Course Summary at the end of the syllabus.

Total	12 points
Essay Topics	Points
Essay #1: What are the four tools of monetary policy? Tool one (150 words): How do these tools correct any deviation in the business cycle concerning unemployment and inflation? Tool two (150 words): How do these tools balance out the lending and borrowing in the financial market? Tool three (150 words): How do these tools help banking systems to borrow from one another and the Federal Reserve. Tool four (150 words): How do these tools facilitate investment activities: During recession During expansion	4 points
Essay #2: What is fiscal policy and its purpose? (50 words) Who conducts it? (30 words) What economic variables are targeted? (20 words) How does it work during recession? (50 words) How does it work during expansion? (50 words)	4 points
Essay #3: What are the four components of aggregate demand? (30 words) Component one. What are the economic activities and who is involved?  (40 words) Component two. What are the economic activities and who is involved? (40 words) Component three. What are the economic activities and who is involved? (40 words) Component four. What are the economic activities and who is involved? (50 words)	4 points

Essay Rubric

Criteria	Excellent	Satisfactory	Unsatisfactory
Content	All questions have been answered thoroughly and met the word count criteria	All questions have been answered but have less than the word count minimum criteria	One or more questions were not answered and have less than word count minimum criteria
References	Provided three (3) references formatted properly	Provided less than 3 references or references are not formatted properly	Provided less than 3 references and the references are not formatted properly
Originality	The essay is an original work and all works by other authors are cited	The essay is an original work and most works by other authors are cited	The essay has numerous instances of works by other authors who were not cited

Exams

There will be four exams (88 points total, 22 points each). All exams are fully online.

All exams consist of 50 multiple-choice questions. Each exam will be available for one day from 12:00am to 11:30pm, eastern time. Once you open an exam, you will have 90 minutes to complete and submit it.

IMPORTANT: Although you will be allowed to begin your exam at any time before 11:30pm, it will be automatically submitted by the system at 11:30PM. To get the full 90 minutes for the exam, you must begin by 10:00PM.

Exams	Points	Chapters Covered
Exam 1	22 points	Chapters 1, 2, 3, 4
Exam 2	22 points	Chapters 5, 6, 7, 8
Exam 3	22 points	Chapters 9, 10, 11, 12
Exam 4	22 points	Chapters 13, 14, 15, 16

Exams are not cumulative. Students are to work alone; collaboration is not allowed. Questions will be randomized and taken from a pool. To successfully complete the exam on a timely basis, be familiar with the content. If you want to review your results, you must make an appointment with the professor. No exam results will be available online.

In order to mitigate any issues with your computer and online assessments, it is very important that you take the "Practice Quiz" from each computer you will be using to take your exams. It is your responsibility to make sure your computer meets the minimum hardware requirements.

Missed Exams Policy

You can make an Adobe Connect appointment with me or call to discuss any problem that you might have before the exam, and I will be very glad to answer your questions and help you as much as I can.

A missed exam must have a documented excuse. It will be up to the professor to grant a make-up exam based on the excuse. If a student does not have a legitimate excuse for missing an exam, it will be up to the professor to determine whether or not a make-up exam will be allowed.

Exams missed for medical reasons must have valid medical documentation submitted to the professor within 72 hours of the missed exam window. 

Any requests for a make-up exam that is not due to medical reasons must be brought to the professor's attention within 24 hours of the missed exam.

Grading

Essay 3	4
Total	100
Course Requirements	Points
Exam 1	22
Exam 2	22
Exam 3	22
Exam 4	22
Essay 1	4
Essay 2	4

Letter	Range (%)	Letter	Range (%)	Letter	Range (%)
A	90 - 100	B	77 - 80	C	66 - 68
A-	86 - 89	B-	73 - 76	D	60 - 65
B+	81 - 85	C+	69 - 72	F	0 - 59