ECN 101 Principles of Macroeconomics

Semester: Spring 2007 Online

Instructor: Jeff Sherman

Credit Hours: 3

CRN: 1133

Department: Economics / Social Sciences

Course Perquisites: English 101L and Math 102

Course Location: Distance Learning - None

Meeting Time (days/hours): Distance Learning 24/7. Since this is a distance learning course,
you are expected to log on weekly at your convenience to complete assignments quizzes and participate
in the discussion board.

Scope of Course: An elementary study of the principles of economics related to critical macroeconomic theory. The course provides a basic study of macroeconomic measurements in addition to comparing and contrasting major economic theories like Classical, Keynesian and Monetarist. This course will also examine key economic phenomenon such as business cycles, inflation, deflation, economic growth and more. This course will also examine the interplay of macroeconomic factors on today’s multicultural society.

Textbook - Which needs to be purchased at the MXCC Bookstore
Macroeconomics 7^th Edition, Arnold

Office Hours: upon arrangement

Office Telephone: available upon request

Instructor’s Personal Email: lampler@yahoo.com

Evaluation:

2. Weekly On-line Quizzes and assignments 20% of final grade

3. Midterm Exam 15% of final grade

4. Final Exam 25% of final grade

3. Term Paper 25% of final grade

Key Subject Matter Covered:

• Examine topics including scarcity, utility and economic factors on consumer behavior and economic theories in a multicultural society.
• Supply & Demand: Theory.
• Prices & Unemployment. The structure, content and timing of economic policy.
• Macroeconomic Measurements Part II GDP and Real GDP.
• Economic Instability: A Critique of the Self-Regulating Economy. Exploration of Keynesian Economic Theory.
• Federal Budget and Fiscal Policy. Look at the role of governmental economic policies has in managing economic volatility.
• The Federal Reserve System. Examine how the Fed changes the money supply and what options are available to affect economic growth & performance.
• Monetary Policy. Explore the factors that influence the demand & supply for money. Examine how monetary policy may be used to control inflationary & recessionary forces.
• International Finance