Economic: Monetary Policy and Read Ch.

|[pic] |Course Syllabus |
| |School of Business |
| |ECO/372 Version 4 |
| |Principles of Macroeconomics |

Copyright © 2012, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Group ID: HBM-0212A
Facilitator: Mark Langenbacher
Course Schedule:
7/22/13, 7/29/13, 8/05/13, 8/12/13, 8/19/13
Course Location/Times: Honolulu Learning Center/ 6 pm

Availability: I will respond to all voice/e-mails within 24 to 48 hours. Phone # is 808-492-6270.

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• Communication
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Course Description

This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.

Policies

Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents:

• University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum.

University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.

Course Materials

Colander, D. C. (2010). Macroeconomics (8th ed.). Boston, MA: McGraw-Hill/Irwin.

All electronic materials are available on the student website.

|Week One: Fundamentals of Macroeconomics |
| |Details |Due |Points |
|Objectives |Explain the economic interaction of resources among households, government, and business. | | |
| |Describe gross domestic product, inflation rate, unemployment rate, and interest rate. | | |
| |Identify sources of historical economic data and economic forecasts. | | |
|Reading |Read Ch. 1 of Macroeconomics. | | |
|Reading |Read Ch. 2 of Macroeconomics. | | |
|Reading |Read Ch. 6 of Macroeconomics. | | |
|Reading |Read Ch. 7 of Macroeconomics. | | |
|Reading |Read Ch. 8 of Macroeconomics. | | |
|Participation |Participate in class discussion. |7/22 |4 |

|Week Two: Aggregate Demand and Supply Models |
| |Details |Due |Points |
|Objectives | | | |
| |Analyze the impact of various factors on aggregate demand and supply. | | |
| |Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models. | | |
|Reading |Read Ch. 10 of Macroeconomics. | | |
|Reading |Read Ch. 12 of Macroeconomics. | | |
|Participation |Participate in class discussion. |7/29 |4 |
|Individual |Resource: Figure 3-1 in Ch. 3 of Macroeconomics. |7/29 |17 |
|Fundamentals of | | | |
|Macroeconomics Paper |Part 1 | | |
| | | | |
| |Describe the following terms in your word. | | |
| | | | |
| |Gross domestic product (GDP) | | |
| |Real GDP | | |
| |Nominal GDP | | |
| |Unemployment rate | | |
| |Inflation rate | | |
| |Interest rate | | |
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| |Part 2 | | |
| | | | |
| |Consider the following examples of economic activities: | | |
| | | | |
| |Purchasing of groceries | | |
| |Massive layoff of employees | | |
| |Decrease in taxes | | |
| | | | |
| |Describe how each of these activities affects government, households, and businesses. Describe | | |
| |the flow of resources from one entity to another for each activity. | | |
| | | | |
| |Write a 700- to 1,500-word paper summarizing the results. | | |
|Learning Team Charter |Develop your learning team Charter. Be sure to develop a thorough conflict resolution process. |7/29 |3 |
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| |Turn in your Learning Team Log. | | |
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|Week Three: Monetary Policy |
| |Details |Due |Points |
|Objectives | | | |
| |Assess the factors contributing to the establishment of general and specific rates of | | |
| |interest. | | |
| |Explain the role of the Federal Reserve System in designing and implementing U.S. monetary | | |
| |policies. | | |
| |Analyze how the money multiplier effect facilitates the creation of money. | | |
|Reading |Read Ch. 11 of Macroeconomics. | | |
|Reading |Read Ch. 13 of Macroeconomics. | | |
|Reading |Read Ch. 14 of Macroeconomics. | | |
|Participation |Participate in class discussion. |8/5 |4 |
|Learning Team |For this assignment, you will choose from the following options: |8/5 |14 |
|Aggregate Demand and | | | |
|Supply Models |Option 1: Economic Advisement Paper | | |
| |Option 2: Economic Critique | | |
| | | | |
| |Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply | | |
| |Models located on the student website and select one option to complete the assignment. | | |
|Learning Team |Turn in your Learning Team Log. | | |
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|Week Four: Fiscal Policy – Politics, Deficits, and Debt |
| |Details |Due |Points |
|Objectives | | | |
| |Analyze the influence of deficit, surplus, and debt on the health of the U.S. macroeconomy. | | |
|Reading |Read Ch. 17 of Macroeconomics. | | |
|Reading |Read Ch. 18 of Macroeconomics. | | |
|Participation |Participate in class discussion. |8/13 |4 |
|Individual |Your boss has chosen you to give a presentation to a number of foreign officials regarding the|8/13 |17 |
|Federal Reserve |United States Federal Reserve System. These officials are very interested in doing business in| | |
|Presentation |the United States, but they would like to learn more about the Federal Reserve and how it | | |
| |operates. | | |
| | | | |
| |Develop a 10- to 15-slide Microsoft® PowerPoint® presentation. | | |
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| |Address the following questions and include a notes page which contains the write-up portion | | |
| |to each question: | | |
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| |What are the factors that would influence the Federal Reserve in adjusting the discount rate? | | |
| |How does the discount rate affect the decisions of banks in setting their specific interest | | |
| |rates? | | |
| |How does monetary policy aim to avoid inflation? | | |
| |How does monetary policy control the money supply? | | |
| |How does a stimulus program (through the money multiplier) affect the money supply? | | |
| |Currently, what indictors are evident that there is too much or too little money within the | | |
| |economy? How is monetary policy aiming to adjust this? | | |
|Learning Team |Develop a list of resources you might use to gather historical economic data as well as |8/13 |3 |
|Weekly Reflection - |economic forecast data. | | |
|Economic Forecasting | | | |
|Paper |Explain how and why each source is valuable and useful. | | |
| | | | |
| |Identify any quantitative or qualitative forecasting factors contained in the sources. | | |
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| |Turn in your Learning Team Log. | | |

|Week Five: International Trade and Finance |
| |Details |Due |Points |
|Objectives | | | |
| |Analyze the effects of international trade on the U.S. macroeconomy. | | |
| |Explain how foreign exchange rates are determined. | | |
| |Analyze the impact of trade restrictions, tariffs, and quotas on the U.S. macroeconomy. | | |
|Reading |Read Ch. 19 of Macroeconomics. | | |
|Reading |Read Ch. 20 of Macroeconomics. | | |
|Reading |Read Ch. 21 of Macroeconomics. | | |
|Participation |Participate in class discussion. |8/19 |4 |
|Individual |Resources: Macroeconomics |8/19 |15 |
|Final Examination | | | |
| |Click the link to the Final Examination on your student website. | | |
| | | | |
| |Complete the Final Examination. You are allowed one attempt to complete the exam, which is | | |
| |timed and must be completed in 3 hours. Results are auto graded and sent to your instructor. | | |
| | | | |
| |Note. Final Examination questions are adapted from Macroeconomics. | | |
|Individual |Turn in your Learning Team Evaluation. |8/19 |1 |
|Learning Team Evaluation| | | |
|Learning Team |Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an |8/19 |10 |
|Fiscal Policy Paper |effect on the following: | | |
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| |Tax payers | | |
| |Future Social Security and Medicare users | | |
| |Unemployed individuals | | |
| |University of Phoenix student | | |
| |The United State’s financial reputation on an international level | | |
| |A domestic automotive manufacturing (exporter) | | |
| |An Italian clothing company (importer) | | |
| |GDP | | |
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| |Write a 750- to 1,050-word paper summarizing the results. | | |

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