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HomeMy WebLinkAboutECO-2031 BERGEN COMMUNITY COLLEGE Division of Business & Social Sciences Department of Social Sciences Departmental Policy Syllabus ECO-203 Intermediate Macroeconomics Instructor: Office Location: Office Phone: Office Hours: E-mail Address: Departmental Secretary: COURSE DESCRIPTION This course is designed to deepen the student’s understanding and knowledge of theoretical and empirical macroeconomic theory. Topics covered in the course include economic fluctuations; the role of fiscal and monetary policies in stabilizing the economy; the relationship between inflation and unemployment; the role of government policy in promoting long-term economic growth; and dynamics of exchange rate determination in an open economy. Credits: 3 Hours: 3 Prerequisites: ECO-101 Co-requisites: None General Education Course: No Diversity Course: No STUDENT LEARNING OBJECTIVES The main goal of this course is to present a rigorous analysis of economic fluctuations and stabilization policies available to policymakers both in the short-and-long runs. Topics will be presented both graphically and mathematically. As a result of meeting the requirements of this course, students will be able to: ➢ Describe & examine the determinants of output, employment, and economic growth in the long-run ➢ Describe & examine business fluctuations, or cycles, in the short-run ➢ Illustrate how government policy can influence the economy in both the long and short-run ➢ Explain the role of savings, investments, and exchange rates by incorporating the IS-LM model in the economy ➢ Identify the economic role of money and monetary policy MEANS OF ASSESSMENT In order to meet the Student Learning Objectives above, various assessment types will be utilized. The major assessment types used in this course are graded class discussions, homework assignments, tests and quizzes. 2 COURSE TEXTBOOK Suggested textbooks: Mankiw, N.G. (2022). Macroeconomics, 11th Edition. New York, NY: Worth Publishers SUPPLEMENTARY DATA SOURCES National Bureau of Economic Research (NBER) Bureau of Economic Analysis (BEA) Federal Reserve Bank of St. Louis Economic Data (FRED) International Financial Statistics (IFS) by the International Monetary Fund (IMF) World Development Indicators (WDI) by the World Bank Bureau of Labor Statistics (BLS) World Trade Organization (WTO) United Nations Comtrade Database (International Trade Statistics Database) United Nations Conference on Trade and Development (UNCTADstat) GRADING POLICY A student’s final grade should be based primarily on his/her performance on the homework assignments and the mastery of the material covered in the course through quizzes and multiple-choice tests. Class participation will also be part of the final grade. ATTENDANCE POLICY BCC Attendance Policy: All students are expected to attend punctually every scheduled meeting of each course in which they are registered. Attendance and lateness policies and sanctions are to be determined by the instructor for each section of each course. These will be established in writing on the individual course outline. Attendance will be kept by the instructor for administrative and counseling purposes. OTHER COLLEGE, DIVISIONAL, AND/OR DEPARTMENTAL POLICY STATEMENTS Academic Dishonesty: The College has a zero-tolerance policy regarding academic dishonesty. Instances of alleged academic dishonesty such as plagiarism or cheating will be reported to the Departmental Chair and the Vice President for Academic Affairs. Should such allegation be proven, the student will face failure for the work where the cheating occurred, and possibly be removed from the class and suspended from the college with a permanent record of the offense established. Communication: Only communications made through Bergen e-mail account will be accepted. No personal e-mail accounts will be used. Each and every one of you has a Bergen e-mail account and you must use that account when communicating with faculty members. Withdrawals: Students who decide to withdraw from the class can do so without penalty (with the exception of losing tuition money) as long as they meet the official deadline for withdrawal which is posted in the Academic Calendar of the college. Please check that Calendar for the exact date. Remember, do not just walk away from the course without officially withdrawing as it will result in a 3 3-credit zero averaged into your GPA. If you are failing the course, withdraw officially while you can without penalty. Class Cancellation: Please view class cancellations online by selecting Class Cancellations under Current Students>Student Support Services on the College’s home page at www.bergen.edu. Students with Disabilities: Students with documented disabilities who require accommodations by the Americans with Disabilities Act (ADA) can request support services from the Office of Specialized Services of Bergen Community College located in room L-116 of the Pitkin Learning Center. http://www.bergen.edu/oss COURSE OUTLINE AND CALENDAR Week(s) Topic Reading/Activity/Assignments 1 The Science of Macroeconomics & The Data of Macroeconomics Chapters 1 & 2/Homework/Quiz 2 National Income: Where It Comes From & Where It Goes Chapter 3/Homework/Quiz 3 The Monetary System: What It Is & How It Works Chapter 4/Homework/Quiz 4 Inflation: Its Causes, Effects & Social Costs Chapter 5/Homework/Quiz 5 Review Exam 1 6 The Open Economy Chapter 6/Homework/Quiz 7 Unemployment & The Labor Market Chapter 7/Homework/Quiz 8 Capital Accumulation as a Source of Growth Chapter 8/Homework/Quiz 9 Population Growth & Technological Progress Chapter 9/Homework/Quiz 10 Review Exam 2 11 Introduction to Economic Fluctuations Chapter 11/Homework/Quiz 12 Aggregate Demand I: Building the IS-LM Model Chapter 12/Homework/Quiz 13 Aggregate Demand II: Applying the IS-LM Model Chapter 13/Homework/Quiz 14 Aggregate Supply & The Short-Run Tradeoff between Inflation & Unemployment Chapter 15/Homework/Quiz 15 Review Final Exam Note to Students: This Course Outline and Calendar is tentative and subject to change, depending upon the progress of the class.