INDIAN RIVER STATE COLLEGE

PRINCIPLES OF ECONOMICS MACRO

MACROECONOMICS ECO 2013
COURSE SYLLABUS
FALL TERM 2014

Instructor Information
Name: Jeff A. Wiltzius
Phone: 772-462-7694
E-Mail: jwiltziu@irsc.edu
Office Locations: Bldg. R Room 248-B, Mueller A-115

Office Hours:
Day Campus Time
Monday Mueller 8:30 11:00 AM
Monday Mueller 12:15 - 1:15 PM
Tuesday Main 8:30 - 9:30 AM
Tuesday Main 10:45 - 12:15 PM
Tuesday Main 1:45 2:15 PM
Wednesday Mueller 8:30 11:00 AM
Wednesday Mueller 12:15 - 1:15 PM
Thursday Main 8:30 - 9:30 AM
Thursday Main 10:45 - 12:15 PM
Thursday Main 1:45 2:15 PM
Friday Virtual Hours 8:00 8:30 AM

Course Information

Name: Principles of Economics I Macro 3 credit hours

Description: Emphasis on the study of macroeconomics: national income accounting, consumption,
savings and investment, government spending in economic activity and influence on money and
banking, problems of inflation and unemployment, international trade and its impact on domestic
activity.

Prerequisite: College-level English and reading proficiency.

Course Aim: The objective of this course is to introduce students to the theories issues and application
of macroeconomic concepts. Contents include an emphasis on the articulation of the concepts and
familiarization of contemporary economic issues.

Educational Materials:
Text: Principles of Economics 7th ed. Mankiw, N. Gregory

Supplemental Material: Practice Supply and Demand exams for Supply and Demand analysis.

Supplemental Angel Computer Software: PowerPoint, Flashcards, Chapter Reviews, ABC Videos and much,
much, more!

Communication: The ability to communicate is one of the main abilities that have allowed mankind to
dominate the planet. Communication today has more forms and proper use of each form is important for this
course and in future business and life communication. The best way to communicate through email is inside
Blackboard. This allows the instructor to know exactly which class you are in and has all grading and
assignment data available. When communicating by outside email always identify yourself by your full name.
Instructors do not know a student named handsomeguy@aol.com. Also identify the course, and the meeting
day and time. This decreases response time. Students may be given assignments or schedule changes through
email so check your Blackboard email regularly.

Evaluation

Course Grade: There will be four multiple choice and/or short answer exams. On the average five chapters
will be covered for each exam. The three exam grades will be averaged and each exam will account for 33%
of your grade. There are no make-up exams. A missed exam becomes the drop grade. The grades will be
allocated as follows:

90 - 100 = A 80 - 89 = B 70 - 79 = C 60 - 69 = D Below 60 = F

Absences from two exams or the final will result in an automatic F. A score of at least a C on the final
exam is required to earn an A or a B in this course.

Extra Credit:
A pop quiz will be offered for extra credit in each of the three sections that will be worth up to 6 points added
to each section test. Pop quizzes will always be on material that is in the reading assignments and has not
been covered in class.

10 points can be earned in each section by working the on-line quizzes. 20 questions will be randomly chosen
from each chapter question bank. The highest score will be saved in the grade book. This is open book so
every student should be able to earn these points. Quizzes can be taken as many times as needed to prepare for
the exam. The percentage of points that are available will deem the percentage of the 10 points earned.

Extra Credit Writing Assignment: Read: The Coming Generational Storm, What You Need to Know about
Americas Economic Future by L. Kotlikoff and S. Burns. Extract 25 economic terms in sequential order from
throughout the book with the definition of the term and the page number where it was found. The project must
be word processed and is worth 10 points added to the score earned on the final exam.

Assignments: There will be eight written assignments. The assignments will be used for by the instructor for
student grading in "borderline" cases. Each assignment will be graded on a pass/fail basis.

Mid-term Assessment: At the mid-point of the semester, you will receive a progress report if you are failing
the class.

Classroom Policies

Absences and Make-up Work: Students are expected to be in class on time and remain until the dismissal.
Regular attendance is required in order to successfully complete the class. You are responsible for all material
covered or assigned during class.

Academic Honesty: Each student is expected to be in complete compliance with the college's policy 6Hx11-
7.24 on academic honesty as set forth in the college catalog and the student handbook. Any student cheating
on an exam will receive a zero on the exam or more severe disciplinary procedures for flagrant acts. It is
expected that all course work and papers submitted be the student's original work. Only non-programmable
calculators may be used on exams. No cell phone calculators may be used on exams.

Withdrawal Policy: The mid-point for this semester is November 6, 2014. If you withdraw before this date
you will receive a "W". After this date you will receive an instructor W or F depending on your grades. If
considering withdrawing from the class, please confer with the instructor to see where you stand, but it is the
students responsibility to complete withdrawal paperwork.

Tardiness: Students coming late to class can interrupt classroom activities. Disruptive behavior in the
classroom is addressed in the Student Handbook in the Code of Student Conduct (6Hx11-7.24). Please be
on time for class. If you are late, take a seat as close to the door as possible.

Disclaimer: Changes in the syllabus, schedule, and/or college policy may be made at any time during the
semester by announcement of the instructor in class. A revised syllabus may be issued at the discretion of the
professor.

MACROECONOMICS - Course Learning Objectives:

DESCRIBE A WIDE RANGE OF GLOBAL, SOCIAL AND CULTURAL POINTS OF VIEW
AND APPLY VARIOUS PERSPECTIVES TO ANALYZE HUMAN BEHAVIOR

UNDERSTAND AND APPLY ECONOMIC CONCEPTS AS THEY IMPACT EVERYDAY
ACTIVITIES

APPLY MACROECONOMIC CONCEPTS AND GRAPHS IN ANALYZING ECONOMIC
AGGREGATE CONCEPTS

EVALUATE FISCAL AND MONETARY POLICIES AS THEY IMPACT DAILY DECISIONS

CHALLENGE THE RELEVANCE AND IMPORTANCE OF MACROECONOMIC CONCEPTS
AS THEY APPLY TO PRACTICES IN BUDGETING, BANKING AND COMMERCE

Other: In addition to specific objectives, this course will also reinforce the following competencies wholly or
partially:

Student Competencies

Indian River Community College is dedicated to its students.

You are preparing for life.
We are people providing a learning environment, and an unparalleled
spirit to support you in reaching your fullest potential.
What you will find is learning in an environment where you are
encouraged, challenged, and championed.



Reading Assignments
Complete by:
Section 1:
Wednesday, September 10, Chapter 1, Ten Principles of Economics & Three Keys
About Economic Fluctuations Pages 740-742
Monday, September 15, Chapter 2, Thinking Like an Economist &
Chapter 4, The Market Forces of Supply and Demand
In the MindTap Folder: Chapters 1 & 2 Direct from Text Homework Due
Wednesday, September 17, Chapter 10, Externalities
In the MindTap Folder: Chapter 4 Direct from Text Homework
Introduction to Supply and Demand Lecture
Market Supply and Demand will Not be on the Exam
Monday, September 22, Chapter 22, Public Goods and Common Resources &
Chapter 24, The Design of the Tax System
Wednesday, September 24, Finish Chapter 24, The Design of the Tax System &
Review for First Exam
Monday, September 29, First Exam!

Section 2:
Wednesday, October 1, Chapter 23, Measuring a Nations Income
Monday, October 6, Chapter 24, Measuring the Cost of Living
Wednesday, October 8, Chapter 25, Production and Growth
Monday, October 13, Chapter 28, Unemployment
Wednesday, October 15, Chapter 33 Aggregate Demand and Aggregate Supply
Monday, October 20, Test Review
Wednesday, October 22, Test 2

Section 3:
Monday, October 27, Chapter 26, Saving, Investment, and the Financial System
Wednesday, October 29, Chapter 29, The Monetary System
Monday, November 3, Chapter 30, Money Growth and Inflation
Wednesday, November 5, Chapter 34, The Influence of Monetary and Fiscal Policy on
Aggregate Demand
Monday, November 10, No Class Extra Credit Project Due
Wednesday, November 12, Test Review
Monday, November 17, Test 3


Section 4:
Wednesday, November 19, Chapter 3, Interdependence and Gains From Trade
Monday, November 24, Chapter 6, Supply, Demand, and Government Policies
Wednesday, November 26-30, Thanksgiving Holiday No Class
Monday, December 1, Healthcare Supplemental Reading
Chapter Health Care Lecture
Wednesday, December 3, Chapter 9, Applications International Trade
Monday, December 8, Test Review
Wednesday, December 10, Final Exam