Course Syllabus

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ECON 104: Introduction to Macroeconomic Analysis and Policy

Course Overview

CATEGORY INFORMATION

Credits:

3

Prerequisites:

None

Delivery:

Web (Canvas, https://psu.instructure.com)

Dates:

See the Calendar tab in Canvas.

Instructor:

See the Orientation page in Canvas.

 

Description

This introductory course introduces students to the complex world of macroeconomics. You will learn about many macroeconomic statistics and the theoretical and empirical relationships therein. This course will discuss the Classical Theory, the Keynesian Theory and supply side economics. Much attention is devoted to applying the content of the course to real world events..

Objectives

Upon successful completion of this course, you will be able to:

  1. Follow almost any discussion about the macroeconomy and understand the foundation and assumptions that underlie the discussion
  2. Become familiar with real world economic events that affect us all
  3. Share your newly acquired human capital with others

Organization

For each lesson, you will complete the following activities and assignments:

  • Watch the online lecture videos
  • Read assigned chapters from the textbook
  • Complete a homework assignment on the topics covered in the lesson

You will also take two midterm exams. The grade breakdown for these assignments is provided in the Assignments section of this syllabus.

Online Learning & Attendance

This course has been developed to promote asynchronous learning. The instructor and students do NOT meet on a designated day and time each week. For each lesson, there is a timeframe to complete all activities and assignments, and you may work at your own pace within that timeframe. However, you must adhere to the deadlines outlined on the calendar. (Click the Calendar tab in Canvas. Or check the Orientation page under the Modules tab.) You should log into the course daily to check for updates, review lessons, and participate in activities.

 

Texts & Other Materials

There is one required text.

  1. R. Glenn Hubbard and Anthony Patrick O 'Brien. Macroeconomics [7th edition]. Pearson Prentice Hall (ISBN: 978-0-13-473831-4).

 

Library Services

Penn State Libraries provides a wide variety of services and resources. To learn how to take advantage, refer to the Online Student Library Guide at http://guides.libraries.psu.edu/onlinestudentlibraryguide. This guide serves as your starting point for access to all that Penn State Libraries can offer you as an online student. Use this guide if you have questions on library services offered to you, how the library can help you, how to use the library, or what resources you can access via the library! The guide will connect you to important pages and resources within Penn State Libraries and save time from you searching for the information you need.

Course Reserves

There are electronic resources on reserve for this course that can be accessed through the Penn State Libraries. To access your Course Reserves, please use the Library Resources tab in the course navigation menu. For any questions you may have about viewing or printing your Course Reserves, refer to the View and Print Electronic Course Reserves page at https://libraries.psu.edu/services/course-reserves/using-electronic-reserves/view-and-print-electronic-course-reserves.

Other required article readings and videos will be posted to the course website.

 

You will need to have regular access to a scanner for homework assignments and exams. You will submit these by completing your work on paper (such as drawing graphs) and then scanning your papers to create an electronic file and submitting the electronic file to the appropriate dropbox on the course website. Please make sure to familiarize yourself with the submission procedure and the appropriate deadlines.

 

Tutor.com

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Tutor.com is a free, 24/7 tutoring service that provides students with assistance in coursework, test preparation, research, writing, and so forth for various subjects. The tutors are subject-matter experts, and each student will have personalized one-on-one sessions with them. Students can schedule their own tutoring appointments to engage in interactive sessions that include a whiteboard and chat feature. The service can be utilized on any device that has Internet access. Students are encouraged to use the service throughout the semester.

Getting Started with Tutor.com:

  • Launch Tutor.com by clicking the Tutor.com link in the Course Navigation Menu.
  • Select the topic you are studying from the drop-down menu.
  • From the subject drop-down menu, select your course.
  • Ask your tutor a question in the text box. If you're working with a document, such as a rough draft of a writing assignment, you can upload the file here as well.
  • Once you have made these selections, click Get a Tutor, and a tutor will be assigned to you within two minutes.
  • You will then enter a virtual classroom with your tutor. Here, the interactive whiteboard and chat feature will be available. You will be able to talk with your tutor and use the tools. File sharing will be available for you and your tutor to review a document at the same time.
  • After your session, please fill out the post-session survey to offer feedback on your experience.
  • For a more detailed overview of Tutor.com, please view the How It Works video or read the "How It Works" guide. If you have any questions or need additional help logging in, please contact studentsupport@tutor.com

 

Grading

Final letter grades will be assigned based on the scale below.

Scale

GRADE

PERCENT

A

93-100

A-

90-92.9

B+

87-89.9

B

83-86.9

B-

80-82.9

C+

77-79.9

C

70-76.9

D

60-69.9

F

0-59.9

 

Due Dates

Please be aware that Canvas follows the Eastern Time (EST) time zone. Assignment due dates adhere to this time zone, and it is your responsibility to submit them accordingly. If you are outside of the EST time zone, you can set your Canvas account to sync to it. Refer to the Set a Time Zone article in the Canvas Guide at https://community.canvaslms.com/docs/DOC-2891.

All assignments are due by 11:59 PM Eastern Time on the date indicated on the Calendar. (Due dates can be also be viewed under the Syllabus tab.) Assignments will be available for submission until 4:00 AM Eastern Time the following day, but any submissions made between 11:59 PM and 4:00 AM will be marked late and points may be deducted at the instructor's discretion, up to and including all points, resulting in a zero. As a general rule, you will NOT be able to go back and make up missed assignments. It is your responsibility to keep up with your assignments. Students with an excused absence (e.g., hospitalization, jury duty, family emergency, or military service) may be asked to produce proper documentation in order to make up graded work. All make-up work is at the discretion of the instructor.

Veterans and currently serving military personnel and/or spouses with unique circumstances (e.g., upcoming deployments, drill/duty requirements, disabilities, VA appointments, etc.) are welcome and encouraged to communicate these, in advance if possible, to the instructor in the case that special arrangements need to be made.

Notes

  • To Do List: Some assignments may not appear in the To Do list under the Home tab. Use the Calendar or Syllabus to ensure that you are fully aware of assignment due dates.

 

Valid Excuses

A major advantage of an online course is the flexibility it affords students for doing assignments. All assignments are intended to be accessed and completed within a window of several days duration, and can be done from anywhere in the world. (The necessary technology, even if you are not at home, will frequently be available at internet cafes, copy shops, or libraries.) The dates of these assignments have been provided to you well ahead of time in the course calendar. Given this flexibility, an unexpected event that makes it impossible for a student to complete an assignment on time should be very rare. It is expected that students plan ahead and allocate their time accordingly

In general, there will be no extensions given on any regularly scheduled assignments (projects and discussion posts). Early access to exams or extensions on exams will only be given in the case of a valid conflict, and a student must inform the instructor as early as possible if they anticipate being unable to complete the exam within the assigned window. Valid conflicts are items that make it impossible for a student to complete the assignment at the scheduled time, primarily including illness, hospitalization, or family emergencies. Travel plans (except as required by university-sponsored activities) DO NOT constitute a valid conflict. Students should plan to be available online until they finish the assignment. Encountering technical problems at the last minute is not a valid conflict. For more information on valid excuses, please see the Department of Economics policy on valid excuses, which is available at the Department website.

 

Assignments

Basic information about each assignment group is provided below. For detailed directions about an individual assignment, see the assignment information under the Modules tab.

ASSIGNMENT

Weight

Exams (2 midterm, 1 final)

75%

Homework (7)

25%

Total

100%

 

Exams (3 x various amounts; 75% total)

There will be three exams (two midterm exams and a final) worth a total of 75% of your final grade. Each exam is worth a different amount of points. The two midterm exams and the final exam will be administered through Canvas. Once you open an exam, you will have 3 hours to complete and submit it. Exams are open-ended. You will be required to solve problems and illustrate ideas using graphs.

Exams may cover reading assignments, online lecture notes and content of video clips. Likewise, exams are 'open book,' meaning you may use your textbook, notes from the online course material, a calculator and scrap paper when taking them. However, you may not use online sources and all answers provided must be your own original work. Using and/or copying from outside sources is a violation of Academic Integrity and subject to academic sanction.

Homework (6 x 100 points; 25%)

Your homework will consist of an assessment completed in Canvas, based on material from preceding lesson(s). Each homework assignment will be worth the same amount of points. The single lowest homework grade will be dropped.

 

University Policies

Academic Integrity

Penn State defines academic integrity as “the pursuit of scholarly activity in an open, honest and responsible manner.” (Senate Policy 49-20). Dishonesty of any kind will not be tolerated in this course. Dishonesty includes, but is not limited to, cheating, plagiarizing, fabricating information or citations, facilitating acts of academic dishonesty by others, having unauthorized possession of examinations, submitting work of another person or work previously used without permission from the instructor or tampering with the academic work of other students. Students facing allegations of academic misconduct who drop the course will be returned and will be expected to complete course work and meet course deadlines until the allegations are dismissed and the drop is permitted. Students responsible for academic misconduct often receive academic sanctions, which can be severe, and put themselves at jeopardy for disciplinary sanctions assigned by the University’s Office of Student Conduct (see Senate Policy G-9).

Unless your instructor tells you otherwise:

  • Always include an in-text citation that includes the author(s) last name(s) and the year the source was published at the end of any sentence or below any image that includes words, images, or ideas you found in a source, always include quoted text within quotation marks, and always include a reference for any source at the end of your paper (ask your instructor about the format you should use).
  • All of your graded coursework must be created by you without help from anyone in the course or otherwise. If you have questions about this, you should ask your instructor before submitting work for evaluation.

All course materials you receive or access are protected by copyright laws. You may use course materials and make copies for your own use, but unauthorized distribution and/or uploading of materials without the instructor’s express permission is strictly prohibited. Students who engage in the unauthorized distribution of copyrighted materials may be held in violation of the University’s Code of Conduct and/or liable under Federal and State laws.

Disability Access

Penn State welcomes students with disabilities into the University's educational programs. Every Penn State campus has an office for students with disabilities. The Student Disability Resources website provides contact information for every Penn State campus at http://equity.psu.edu/student-disability-resources/disability-coordinator. For further information, please visit the Student Disability Resources website at http://equity.psu.edu/student-disability-resources.

In order to receive consideration for reasonable accommodations, you must contact the appropriate disability services office at the campus where you are officially enrolled, participate in an intake interview, and provide documentation described at http://equity.psu.edu/student-disability-resources/applying-for-services. If the documentation supports your request for reasonable accommodations, your campus’s disability services office will provide you with an accommodation letter. Please share this letter with your instructors and discuss the accommodations with them as early in your courses as possible. You must follow this process for every semester that you request accommodations.

Counseling and Psychological Services

Penn State's Counseling and Psychological Services (CAPS) office offers residential and distance-based Penn State students non-emergency mental health services in the form of case management, community resource referrals, supportive listening, care giver support, and much more.

Students may request assistance from CAPS regarding a variety of common mental health issues, including anxiety, depression, relationship difficulties, and stress. CAPS services are designed to enhance students' ability to fully benefit from the University environment and academic experience. Call CAPS at 814-863-0395 (8 am-5 pm, Monday-Friday EST) or submit an inquiry online at https://studentaffairs.psu.edu/form/caps-contact-form to schedule an appointment with a mental health advocate, who can help you address mental health concerns that may interfere with your academic progress or social development. This appointment will include a one-on-one session that can be conducted via telephone, teleconference (Skype, FaceTime, etc.), or locally at Penn State University Park. For more information on services provided through CAPS, please visit the Penn State CAPS website at http://studentaffairs.psu.edu/counseling/. Students enrolled at the World Campus are also encouraged to visit its Mental Health Services page at http://student.worldcampus.psu.edu/student-services/mental-health-services.

Reminder: These services are for non-emergencies only. If you or someone you know is experiencing a crisis situation, please call your local crisis center or 911.

Nondiscrimination

Penn State is committed to equal access to programs, facilities, admission and employment for all persons. It is the policy of the University to maintain an environment free of harassment and free of discrimination against any person because of age, race, color, ancestry, national origin, religion, creed, service in the uniformed services (as defined in state and federal law), veteran status, sex, sexual orientation, marital or family status, pregnancy, pregnancy-related conditions, physical or mental disability, gender, perceived gender, gender identity, genetic information or political ideas. Discriminatory conduct and harassment, as well as sexual misconduct and relationship violence, violates the dignity of individuals, impedes the realization of the University's educational mission, and will not be tolerated. For further information, please visit the Affirmative Action Office website at https://affirmativeaction.psu.edu/.

Reporting a Bias Incident

Penn State takes great pride to foster a diverse and inclusive environment for students, faculty, and staff. Acts of intolerance, discrimination, or harassment due to age, ancestry, color, disability, gender, gender identity, national origin, race, religious belief, sexual orientation, or veteran status are not tolerated and can be reported through Educational Equity via the Report Bias web page at http://equity.psu.edu/reportbias/.

TEACH Act

The materials on the course website are only for the use of students enrolled in this course for purposes associated with this course and may not be retained or further disseminated.

University Emergency Procedure

In the event of a University-wide emergency, the course may be subject to changes. Exigent circumstances may require alternative delivery methods, class materials, and interactions with the instructor and/or classmates. In addition, there may be revisions to grading policies and the Calendar, including assignments and their due dates.

In the event of a University-wide emergency, please refer to the Canvas website at https://psu.instructure.com for specific information related to the course. For more general information about the emergency situation, please refer to the Penn State website at https://www.psu.edu or Penn State News website at https://news.psu.edu.

To register with PSUAlert, a service designed to alert the Penn State community when situations arise that affect the ability of a campus to function normally, please go to the PSU Alert website at https://psualert.psu.edu/. Subscribers can receive alerts by text message to cell phones, and also can elect to have alerts sent to an email address.

Syllabus Subject to Change

The class will likely adhere to the information outlined in this Syllabus and the Calendar, but adjustments may be made based on what actually transpires during the semester. Remaining in the course after reading this Syllabus will signal that you accept the possibility of changes and responsibility for being aware of them.

 

Course Summary:

Date Details Due