ECON&202 MACROECONOMICS

FALL QUARTER 2018

INSTRUCTOR: Dongwa Hu
OFFICE: Olympus 212
OFFICE PHONE: (425) 388-9364 dhu@everettcc.edu
CLASS HOURS: Hybrid Course 10:00am-11:00am M-TH, OLY126
OFFICE HOURS: Tuesday & Wednesday 8:15am-9:45am; 11:00am – 12:00pm
Additional Times Available by Appointment

Canvas On-Line Classroom: This is a Hybrid Course; a portion of the work is done
online. You will have made available lecture notes, discussion board, supplementary
readings, homework exercises, on-line quizzes, PowerPoint presentations, and various
assignments.

COURSE DESCRIPTION: Macroeconomics concentrates on trying to explain the

overall level of economics activity in an industrial capitalist economy, such as the U.S.
economy. We will examine the determination of national income levels, problems of
inflation and unemployment, government finance and fiscal policies, money and
monetary policies, economic growth and international trade. Various theories are put
forth to explain business cycles in both the United States and the world economy.

The growing importance of international trade, economic development, and

Transitional systems are also examined. Special attention is paid to globalization and the
impacts to US economy and worldwide. A central focus will be directed at what
determines living standards and how society can best achieve its most desired economic
objectives-given the political constraints.

COURSE OBJECTIVE: by the end of the course, the student should be able to
 Identify the concepts of scarcity and how market forces operate to allocate
resources and distribute income (Critical Thinking)
 Calculate gross domestic production through either the expenditures, income, or
value-added approaches (Quantitative Analysis)
 List the basic tools of fiscal policy and automatic stabilization.
 Explain the money-creation process and monetary policy by central bank.
 Critique the shortcomings of both fiscal and monetary policymaking (Critical
Thinking)
 Use economic reasoning and principles to compare and evaluate possible causes
and solutions for current macro-economic problems. (Critical Thinking)
 Understand and use the key macro-economic statistics. (Quantitative Reasoning)
 Recognize the main traditions of economic thought as they apply to macro-
economic theory (Critical Thinking)
 Analyze the basic issues and conflicts inherent with globalization from the
developmental, trade, and transitional perspective (Critical Thinking)
 Integrate and apply economic concepts to identify elements of a sustainable
society in a global economy.
REQUIRED TEXT: Economics: Principles, Problems and Policies, by McConnell,
Brue and Flynn; McGraw-Hill/Irwin Publishers/21st edition, 2017; Custom Paperback
Textbook with Access Code available from EvCC Bookstore; ISBN # 9781307064766

OPTIONAL: Students should read (subscribe) to a current business publication (e.g.

The Wall Street Journal, Business Week or other news source).

GRADING:

160 Points Weekly Discussion Boards and Group Presentation

130 Points Weekly Quizzes
130 Points Learn Smart-McGraw Hill Connect Homework
100 Points Exams 1
100 Points Exams 2
100 Points Exams 3
30 Points Class Participation
750 Points Total Possible Weighted Average

KEY ANGEL COMPONENTS:

 Course Information: includes Course Syllabus and Course Policies

 Modules: includes weekly assigned chapters, Lecture Notes that contains chapter
overviews, instructional objectives, and chapter quiz with answers; PowerPoint
Presentation; readings necessary for discussion board analysis; Discussion Board
and weekly self-correcting assessments and exams; and homework exercises in
McGraw Hill Connect.

All assigned readings should be studied carefully early during each week and
reviewed again often. Course emphasis will be geared towards critical thinking and
analysis, quantitative reasoning, and written communication skills.

Weekly Assessments: On-line Quizzes will be posted each week through Sunday
11:59pm (10 multiple choices questions over 15 minutes, allow 2 attempts, the best result
counts for the grade); weekly Learn Smart-McGraw Hill Connect Homework are also due
by 11:59pm Sunday and graded by completion and accuracy, both chapter quizzes and
Connect Assignments are conducted on McGraw-Hill Connect. For the purpose of
fairness and consistency, there will be NO MAKE-UPS of missed work during the
quarter.
Discussion Boards: Topics will be posted in lettered forums. The MINIMUM
requirement is to post TWO new posts (or Thread) each Db assignment. In addition you
should post THREE responses (replies) to other students’ writing that you find to be the
best or most interesting (provocative) of the group. Each of your commentaries should be
comprised of a single STRONG paragraph (substantiated and related to the extent to
the assigned readings). This is sufficient as long as it is done well. It is required that
you cite your sources. Db postings are due by 11:59pm Thursday and responses
(replies) are due by 11:59pm Sunday.

Three Exams: One week prior to their due dates, the essay portion of the exams will be
posted under the weekly modules with specific instructions for their successful
completion. The objective portion (multiple choices) of each exam will be given in class.
Thus each exam will be comprised of a multi-part: analytical essay (30% weight) and 35
multiple-choice questions (70% weight). No make-ups will be allowed.

Class Participation: Participation accounts for 4% of your grade. Attendance is a key

driver in the participation grade.

Exam Feedback: Immediately after each exam, students who wish to discuss any exam
question(s) missed and/or wish to discuss any aspect of the exam should schedule an
appointment during the instructor’s office hours.

Grading Criteria (for Discussion Board Assignments and & Examinations):

A Exceptional insight, original & consistent mastery of material.

B Above average logic, clarity; good overall application of the theories.
C Repetitive reasoning, over-generalized, weak central argument.
D Minimum fulfillment of assignment and lacking substance & clarity
F Incomplete or late work.

FINAL COURSE GRADING GUIDELINES

A 95-100% C+ 77-79%
A- 90- 94% C 70-76%
B+ 87- 89% C- 67-69%
B 83- 86% D 60-66%
B- 80- 82% F Below 60%
 COURSE SCHEDULE

Week Beginning Topic Assigned Reading

#1 MARKETS and SCARCITY Ch. #1-2

Ch. #1-2 Assessment #1: Weekly Quiz/Ch. 1, 2
Connect Homework Ch. 1, 2
Non-graded Posting to Discussion Board, Week 1: BIO

#2 Measuring domestic Output and National Income Ch. #26-27

Ch. #26-27 Assessment #2: Weekly Quiz/Ch. 26, 27
Connect Homework Ch. 26, 27

#3 Economic Growth
Ch. #28 Assessment #3: Weekly Quiz/Ch. 28 Ch. #28
Connect Homework Ch. 28
Graded Posting to Discussion Board

#4 Business Cycles, Unemployment, and Inflation Ch. #29

Ch. #29 Assessment #4: Weekly Quiz/Ch. 29
Connect Homework Ch. 29
Exam 1 Coverage: Chapters #26-29
Exam 1 Essay Posted

#5 Basic Macroeconomic Relationships Ch. #30

Ch. #30 Assessment #5: Weekly Quiz/Ch. 30
Connect Homework Ch. 30
Graded Posting to Discussion Boar

#6 the Aggregate Expenditures Model Ch. #31

Ch. #31 Assessment #6: Weekly Quiz/Ch. 31
Connect Homework Ch. 31
Group Presentations
#7 Aggregate Demand and Aggregate Supply Ch. # 32
Ch. # 32 Assessment #7: Weekly Quiz/Ch. 32
Connect Homework Ch. 32
Graded Posting to Discussion Board
Group Presentations

#8 Fiscal Policy, Deficits, and Debt Ch. # 33

Ch. # 33 Assessment #8: Weekly Quiz/Ch. 33
Connect Homework Ch. 33
Exam 2 Coverage: Chapters #30- 33
Exam 2 Essay Posted
Group Presentations # 9

Ch. #34 Money and Banking Ch. #34

Assessment #9: Weekly Quiz/Ch. 34
Connect Homework Ch. 34
Graded Posting to Discussion Board
Group Presentations

# 10 Money Creation
Ch. #35 Assessment #10: Weekly Quiz/Ch. 35 Ch. #35
Connect Homework Ch. 35
Group Presentations

#11 Interest Rates and Monetary Policy Ch. #36

Ch. #36 Assessment #11: Weekly Quiz/Ch. 36
Connect Homework Ch. 36
Exam 3 Essays Posted
Group Presentations

#12
Final Exam 3 Coverage: Chapters #34-36
DISABILITY SUPPORT SERVICES:

The College will make reasonable accommodations for persons with documented disabilities.
Students should notify the Director of the Center for Disability Services (located in Parks 267 right
across from the bookstore, phone 425-388-9260) and their instructors of any
accommodation needs as soon as possible.

ACADEMIC INTEGRITY:

Academic honesty is highly valued at EvCC. It is expected that you will follow the EvCC honor
code, which means no cheating of any kind. This means you cannot:

 Submit someone else’s work as your own,

 You cannot work in groups when you are not specifically allowed to
do so,
 Use unapproved resources (of any kind),
 Use someone else’s words or ideas without proper citation (give
proper credit to original source)

Please note that there will be zero tolerance for cheating. If you are discovered to have
cheated you will surely fail the assignment and you will most likely be issued a failing grade
for the course. At a minimum, you will fail the assignment and be reported to the EVCC
academic office, which can mean you, could be expelled from the college. If you use
unapproved resources during the mid-term or final exam, whether they are online or physical
documents or recordings, you WILL FAIL THIS COURSE.