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ECONOMICS 102

MACROECONOMIC PRINCIPLES

INSTRUCTOR: FRANNY CHAN

 E-mail address: frannychan@hotmail.com

fchan@fullcoll.edu

Voice mail: 714-992-7000 ext. 28729

 COURSE OBJECTIVE:

This course presents the United States' basic macroeconomics system.  Students are expected to understand the role of government, business cycles, and fiscal and monetary policies.

REQUIRED TEXT:

Roger A. Arnold; Macroeconomics, 12th edition, Thomson South-Western, 2015.

Macroeconomics Course Material: use link in the course website, print out handouts, staple them together and bring them to class. 

CLASS WEBSITE:

http://staffwww.fullcoll.edu/fchan/ Please click on Macroeconomics for additional information about this class.

RECOMMENDED READINGS:

Have access to newsmagazine and newspaper such as U.S. News and World Report, Time, Business Week, Fortune or the Wall Street Journal. Current economic news will be discussed in the class. It will be helpful if you can familiar yourself with the present economic environment of our country. 

COURSE OUTLINE 

ECONOMIC SYSTEMS (Review) CH: 1, 2, 3,

MACROECONOMIC FUNDAMENTALS CH:  6, 7, 8.                                                                                   EXAM I

MACRO ECONOMIC STABILITY, INSTABILITY AND FISCAL POLICY CH:  9, 10, 11.                                      EXAM II

MONEY, BANKING, MONETARY POLICY AND INTERNATIONAL TRADE CH: 12, 13, 14, 15, 22, 23.               

ECONOMIC GROWTH CH: 17                                                                                           FINAL EXAM

FINAL IS COMPREHENSIVE

GRADING:

Your grade is based upon

6 classroom assignments (20%, 3.33% each)

2 exams (40%, 20% each)

1 final exam (40%)

  A:90%  B:80%  C: 60%  D: 50%  F:<50%

 No makeup examinations will be given.  If you miss an exam, the final will be counted twice.

If you wish to withdraw from this class, be sure to drop officially in the record office. Failure to do so will result in an F.

Classroom assignments

These assignments have to be finished in the classroom.  They are open-book exercises and will be given at the end of class sections. No makeup assignments will be given, and no late classroom assignments will be accepted.  If you missed an assignment, you have to do the extra ones to make up. You will be given more than 6 assignments. If you did more than 6 assignments, the extra assignments will be counted as extra credit towards your grade.

Exams

All the exams will consist two parts: true/false and multiple-choice problems. Please bring a calculator and scantron (#882-E) to each exam. Class notes will be very helpful in preparing for the exams. You can prepare a formulae sheet to bring to the exam. No makeup examinations will be given.  If you miss an exam, the final will be counted twice. FINAL IS SELECTIVELY COMPREHENSIVE.

Classroom Rules

All quantitative answers in class work and exams should have at least 2 decimal digits, 4 are recommended. No cell phone use is allowed in classroom and exams. Students are highly encouraged to attend all class sections on time.  College attendance requirement will be followed in this course.

 

COMMUNICATION:

I would be glad to answer your questions about the lecture or course materials. The most effective method of contacting me is by e-mail.  Usually, I will respond to your questions within 24 hours. If you like to talk to me, I can meet you before the class or by appointment. 

 

STUDENT LEARNING OUTCOMES:

Upon successful completion of Econ 102F, Principles of Economics - Macro, the student will be able to access, organize, evaluate, analyze, and synthesize economic data from a variety of sources and present the information appropriately in graphs, tables, charts, or figures to support written or oral arguments.
Upon successful completion of Econ 102F, Principles of Economics - Macro, the student will be able to identify, discuss, compare, and contrast market failures to provide efficient outcomes in product, factor, and financial markets with similar failures of government agencies to provide efficient outcomes through regulation.
Upon successful completion of Econ 102F, Principles of Economics - Macro, the student will be able to identify and assess fiscal and monetary policy options and evaluate their impact on economic growth, price stability, efficiency, and equity.
Upon successful completion of Econ 102F, Principles of Economics - Macro, the student will be able to describe the structure of the Federal Reserve System and financial institutions and analyze their role in the stability of the overall economy.
Upon successful completion of Econ 102F, Principles of Economics - Macro, the student will be able to utilize the aggregate demand/aggregate supply model to predict likely changes in the overall macro economy.

 

The general rules of the College, the requirements of the Social Science Division and the Department of Economics are all assumed and specially applied to the cases of cheating, plagiarism and assignment of an incomplete grade.