Professor Ron Halcrow
Social & Behavioral Sciences
Office: OF3 - 172
COURSE DESCRIPTIONPrinciples of Macroeconomics is a study of the basic economic structure of the U.S. national economy. It includes an introductory analysis of basic macroeconomic concepts and the application of these concepts to understanding the causes of inflation/deflation, unemployment, productivity growth and economic growth. It examines the roles and functions of government and the central banking authority in controlling and regulating various aspects of the national economy.
Students must have the ability to read at the college level. You must also have the ability to understand graphs and basic algebraic equations. Completion of Math 070 is strongly recommended. Read the syllabus in its entirety before you begin the course.
|You will need to have a schedule that allows you to access a computer on campus or have ADMINISTRATOR RIGHTS to a personal computer or Mac to be able to download the necessary software to do your homework in this class. When using the course software, you will need to have all pop-up blockers disabled and you will be required to run Active-X when requested. So as not to miss any deadlines, it is suggested that you print out a hard copy of the schedule and place it somewhere you will see it often. There will be no extensions of deadlines.|
class on February 9th to remain enrolled. If you fail
to attend class on the initial day of class, you will be dropped from
as a "No Show." If you start the class and then choose to
withdraw from it at any time later on in the semester, it will be
responsibility to officially drop the class through Admissions &
Records. Failure to do so will result a grade of F being recorded
transcript for the course. Finally, active attendance is registered by
attendance and completing your assignments on a weekly basis. At
instructor's discretion, you may be dropped for inactive attendance if
to do keep up with the assignments or miss three class sessions.
If you need to contact me by e-mail, please include the following information in the subject line: ECON 101 STUDENT AVC. This will help me sort your email out of the large volume of regular and spam email I receive each day. This increase the likelihood I will be able to respond to you in a timely manner. If I do not respond to an email from you in a timely manner, please approach me in class, as in such a case my spam filter may have filtered your email out.
The Platform for homework assignments is CourseCompass (powered by Blackboard).
COURSE ID: halcrow24699
You will not be able to complete the homework assignments and tests for this course until you register in CourseCompass.
An alternative link to the homework for this course will be on http://avc.blackboard.com
To Login, use the same Username and Password you use to Login to MyAVC.
[eText only - $80 or printed text with eText - $154]
The easiest way to for you to determine whether you should buy a printed copy of the textbook or opt for the eText version alone is to click on the following URL:
Note that if you choose to purchase a new copy that does not have an access kit or a used copy of the text, you will need to go online and purchase an Access Code (the cost is $45 without eText) in order to be able the required homework for this class. Older additions have similar, but slightly dated, content from the 15th edition being used here. If you have an older edition with an access kit, please be aware that the code from that kit will not work for this course. You will still need to purchase an additional Access Code online for the current edition.
IF PURCHASING A PRINTED COPY OF THE TEXT, IT IS VERY IMPORTANT THAT YOU ONLY PURCHASE A COPY THAT INCLUDES MYECONLAB "IN COURSE COMPASS."
Text (printed - instead of eText) Choose either a or b (you can get a discount if you already have a Pearson Account)
Price: $154 - available at the AVC Bookstore or at myPearsonStore
OR (not and)
To access your homework assignments, you must register in CourseCompass using the code in your Student Access Kit.
To do this:
Just go to www.coursecompass.com
Read the next page, then click on 'Next'
Enter the Course ID: halcrow24699 , then click on 'Next'
Click on 'Register with a Student Access Code'
Enter your Access Code that came with your book
Enter 93536 as the School Zip
OPTIONAL READING MATERIALS
An Inquiry Into the Nature and Causes of the Wealth
of Nations, 1776.
expanded version that includes the official AVC STUDENT,
Upon successful completion of the course students will be able to:
Identify, illustrate and examine the consequences of scarcity.
Explain, interpret, analyze and assess how changes in opportunity cost affect individual and business behavior.
Define and demonstrate productive efficiency and allocative optimality.
Explain and examine the interaction of supply and demand in individual markets and how equilibrium price and quantity are determined.
Discuss how government regulations can create excess demand and supply conditions and how markets attempt to correct these.
Define, describe and calculate the measures of aggregate economic activity, such as domestic product and income, unemployment, deflation and inflation.
Apply the measures of aggregate economic activity to the behavior of business cycles.
Explain, formulate, calculate and measure the differences between nominal and real measures of income, product, interest rates and the purchasing power of money.
Define, demonstrate, compare and contrast long run and short run equilibria in the macroeconomy.
Diagram and explain how the macroeconomy reaches equilibrium and moves to alternative equilibria.
Identify, select and differentiate the factors that can cause changes in the price level, real GDP and labor unemployment.
Discuss and evaluate the causes of economic growth and identify, propose and assess the policies that promote it.
Describe, differentiate and utilize the classical, monetarist, Keynesian and supply-side policy approaches for moving the economy to the full employment of resources.
Discuss, differentiate and evaluate expansionary and contractionary fiscal and monetary policies.
Compare and contrast demand-side to supply-side fiscal policies.
Explain what money is, the role of financial intermediation in its creation and how monetary changes influence macroeconomic equilibrium.
Identify, discuss and debate the purpose and functional structure of the Federal Reserve System.
Explain and analyze the Federal Reserve System’s role in influencing the determination of macroeconomic equilibrium, real macroeconomic growth, inflation and currency valuations.