North East Independent School District



Course Syllabus/Class Rules – AP Macroeconomics/Mr. Damon PetersonDouglas MacArthur High SchoolI. Overview:Advanced Placement Economics is designed to replicate a college macroeconomics course. Students in most colleges of business/economics take this course as first semester freshman. It can also serve as an elective course for students with other majors. This course is designed to give students a thoroughunderstanding of the principles of economics that apply to an economic system as a whole. Such a course places particular emphasis on the study of national income and price determination, and also develops student’s familiarity with economic performance measures, economic growth, and international economics. Because of the amount of material to be covered and its difficulty, it is recommended that you take notes as you read. A majority of assignments will require a minimum of one to two hours of preparation. At the beginning of the semester, a list of all students and their phone numberswill be distributed to each student. This is done to encourage peer cooperation and the establishment of study groups. It should help keep you on the right track and allow you to be better prepared for the next class period.II. Course Outline:The attached outline shows the scope and sequence of the units covered in this class. This scope and sequence is based on the College Board’s Summary Outline for the 2020 AP Macroeconomics exam. This outline provides percentage goals for the material to be covered on the AP exam. On the outline, I have lined up the chapters with the appropriate AP exam goals. As you go through this course of study, keep in mind the following three “secrets to success:”1. Understand, rather than memorize the material. *2. Learn to think, write, and speak in “economese,” the language of economics.3. Understand and be able to explain accurately the crucial cause and effect relationships.* I will caution you, however, that memorization is a necessary component to many professions. Try being a doctor or lawyer without a wealth of stored information in your brain. Creating a library in your head allows you to make linkages and analyze information (in other words “think critically”). The best way to create that library in your head is to reread and review material several times in advance before being tested.III. The AP Macroecomics Exam:The AP Examination in Macroeconomics is taken over a 2 hour and 10 minute time period. The exam consists of a 70 minute multiple choice section comprising 2/3rds of the overall grade and 60 minute free response section representing 1/3rd of the overall grade. There are 60 multiple choice questions and 3 free response questions. The first free response question counts for 50% of the FRQ section (or 16.5% of the total grade) and each of the other two FRQs count 25% each of the FRQ section (or 8.25% of the total grade). The FRQ section begins with a mandatory 10 minute reading period. During this period, students are advised to read each of the questions, sketch graphs, make notes, and plan their answers in the question booklet. Students then have 50 minutes to write their answers in the answer booklet. However, any information provided in the question booklet during the 10 minute reading period will not be graded. Only information provided on the answer document will be graded. The reader’s scores on the free response essay sections are combined with the results of the computer scored multiple choice questions, and the total raw scores are converted to AP’s 5 point scale as shown below.AP GRADE QUALIFICATION5 Extremely well qualified4 Well qualified3 Qualified2 Possibly Qualified1 No recommendationsWhat does this mean to you in terms of obtaining college credit? Credit, advanced placement, or both are awarded by the college or university, not the College Board or the AP Program. The best source of specific and up to date information about an individual institution’s policy is its catalog or website.However, many colleges will award course credit for a score of 3. Most all colleges award credit for a score of 4. Practically all colleges award credit for a score of 5. In addition, the State of Texas requires all publicly funded Texas colleges or universities to accept a score of 3 for credit. This law was passed in June of 2015 and became applicable for the 2016 AP Exams.The 2020 AP Macroeconomics exam will be held on Thursday, May 14th at 12.00 p.m.. Please note that there is an AP Microeconomics Exam. However, I would not recommend that you sign up for the microeconomics exam, as you will not have covered sufficient material to do well on the test.GO TO THE NEXT PAGE FOR CLASS RULESIV. Class Rules:Teacher:Mr. Damon D. PetersonConference Period:8th (3.25. – 4.15 pm)School Telephone:356-7600 (main office #)E-Mail Addressdpeter1@ (best way to contact me!)Textbook:Krugman Economics for AP Course Description:The study of macroeconomics at an introductory level.In order to avoid any misunderstanding of my general classroom policies and procedures, you and your parent/guardian will be asked to sign this information sheet. Please return a signed copy of this sheet within the first week of school and keep the extra copy in your notebook.SUPPLIES: Only Blue or Black ink will be accepted (no markers). All work must be done on white, wide lined notebook paper. No spiral edges on work to be turned in. LATE AND MAKE-UP WORK: 1.Excused & Unexcused Absences:NEISD distinguishes between excused and unexcused absences. Make up work for excused absences will be eligible for full credit. However, students will receive a 20% deduction from the total grade for any homework/daily assignment not made up within the allotted time period. Make-up work for unexcused absences will be penalized equal to late work. A 20% deduction from the total grade earned will automatically be taken on make up work for unexcused absences turned in within the allotted time period.2.Late Homework/Daily Assignments:Late homework/daily assignments will be accepted until the material has been assessed summatively or within a three week grading period. 3. Allotted or Reasonable Time for Make Up Work:Students will be allowed reasonable time to make up assignments, homework, projects, quizzes, and tests. At the high school level reasonable time is defined as the class meeting after the student returns to the missed class. For example, if a student misses 2nd period on Monday and returns to 2nd period on Tuesday, his/her make up work is due at the beginning of 2nd period on Wednesday. Please note: If a student is present when a quiz, test, or essay is announced and the student is absent on the intervening days, the student is expected to take the test on the day that he/she returns to class. Make Up Binder:Make up work is the STUDENT’s responsibility. Students will consult the make-up folder in the classroom after an absence, copy the agenda, locate the proper papers in the folder, and complete and return work promptly. C. TESTING AND HOMEWORK DAYS: School policy is that social studies teachers will test on odd numbered calendar days and homework is assigned on even numbered calendar days. D. ESSAYS, QUIZZES, AND TESTS: Students will have several essays, quizzes, and tests each nine weeks. Quizzes may or may not be announced in advance. It is the student’s responsibility to arrange make-up times with the teacher. I maintain a make up binder in order to keep track of make up times. E. GRADING POLICY: Please keep track of your grades. If you have questions about your grades, I will gladly set up time to discuss them with you. 1. Daily grades and homework, = 20%. No grades are dropped. 2. Quizzes and Free-Response Essays = 30%. No grades are dropped 3. Test grades = 40%. No test grades will be dropped. 4. Participation/Attitude = 10%. 5. The two nine-week grading periods comprising each semester will count 40% of your semester average. The final exam will count 20% of the semester average. 6. Extra credit opportunities are offered during each grading period. Points will be added to your final nine-week’s average. *** Please note that a student’s participation and overall attitude in class has a positive effect on learning and can be used to determine if an a grade needs adjustment F. PROGRESS REPORTS: During the 4th and 7th weeks of each nine weeks grading period, all students at MacArthur receive a progress report. This report details a student’s progress in all courses currently being taken. It is the STUDENT’S responsibility to bring this report home. Therefore, please mark the 4th and 7th weeks of each nine- week’s period on your calendar and ask your student for the progress report. Please call or e-mail me if you have any questions.G. GENERAL: Gum, food and/or beverages are NOT allowed in the classroom.Textbooks and supplies are required each day of class.Tobacco in any form is not allowed on campus.Once the tardy bell rings, students will not be allowed to return to lockers.Personal grooming is done outside the classroom.In the case of a substitute teacher, EXEMPLARY behavior is expected.Students are expected to stay on task, participate in classroom activities, and respect the property of others. Students will not be allowed to interfere with another student’s opportunity to learn or the teacher’s ability to teach.Students are expected to copy the agenda from the chalkboard daily and keep the pages in their notebook throughout each nine-weeks. Parents wishing to check on classroom activities or completed homework assignments should ask to see the student’s notebook and consult the agenda. Hats will not be worn in the classroom.THE TARDY BELL IS THE AUTOMATIC SIGNAL FOR CLASS TO IMMEDIATELY COME TO ORDER. H. COMMUNICATION:If at any time throughout the school year you are experiencing problems with the class, talk to me before or after the period. I am willing to work with you, but please tell me what the problem is because I cannot read minds. Please feel free to come in for extra help should the need arise. I am in school each morning by 8.00 a.m.I have read and understand the policies, procedures, of Mr. Damon Peterson’s AP Macroeconomics class at Douglas MacArthur High School._______________________________________________ ____________________ Printed Student Name Student Signature Date _______________________________________________ ____________________ Printed Parent Name Parent Signature Date _______________________________________________ ____________________ Printed Parent Name Parent Signature Date __________________________________________________________ Parent/Guardian’s e-mail Parent/Guardian’s e-mailV. Course Materials:Throughout the course, reading is required from the textbook, Krugman’s Economics for AP, 2nd Edition 2015 and activities completed from the Morton workbook. In addition, other materials are utilized from the sources listed below as appropriate.Textbook:Krugman’s Economics for AP, 2nd Edition 2015, BFW/Worth Publishers.Workbook:Morton, John, Advanced Placement Economics Macroeconomics StudentActivities, 3rd edition, New York: National Council on Economic Education, 2004Additional Readings:San Antonio Express NewsWall Street Journal+Newsweek MagazineInternet Resources: Deviants: MacroeconomicsThe Fed TodayTucker: The Man and his DreamVI. Scope and Sequence:A. Unit One - Basic Economic Concepts:1.Scarcity, choice, opportunity cost., and factors of production.2.Opportunity Costs, Production Possibilities Curves.3.Absolute & Comparative Advantage, Specialization, and Foreign Trade.4.Individual Market Demand, Supply, and Equilibrium.Textbook/Workbook readings included in Unit One:Modules 1 through 4 (for parts A, B, and C above)Modules 5 through 7 (for part D above) Morton Workbook Activities: 1 through 7Graphs/Diagrams: Production Possibilities Curve, Individual Market Demand & SupplyB. Unit Two - Measurement of Economic Performance:1.Circular Flow and National Income Accounting. GDP2.Inflation & Indices, Differences between CPI & GDP Deflator.3.Unemployment & Business Cycle. Types of Unemployment & Natural Rate of UnemploymentTextbook/Workbook readings included in Unit Two:Modules 10 through 15.Morton Workbook Activities: 10,11,12,13,15, & 16Graphs/Diagrams: Circular Flow of the Economy; Business Cycle.C. Unit Three - National Income and Price Determination:1. Aggregate Demand with Investment Demand2. Multiplier Effects & Crowding Out.3. Aggregate Supply & the Short Run4 Macroeconomic Equilibrium, Long Run vs. Short Run, & Long Run & Production Possibilities Curve5. Fiscal Policy & Loanable Funds MarketTextbook/Workbook readings included in Unit Three:Modules 16 through 21Morton Workbook Activities: 20,21,22,23,24,28,29,30, & 31.Graphs/Diagrams: Short Run Aggregate Demand; Investment Demand; Crowding Out; Long Run; Aggregate Supply; Aggregate Supply; AD & AS Equilibrium; Long Run Aggregate Demand & Supply; PPC & LRAS; Loanable Funds Market.D. Unit Four: Financial Sector:1. Introduction to the Federal Reserve. Money, banking, & financial markets.2. Time value of money.3. Measures of the money supply4. Banks and the creation of money5. Money Demand.6. Money Market7. Federal Reserve Policy. 8. Quantity Theory of Money9. Real vs. Nominal Interest Rates.Textbook/Workbook readings included in Unit Four:Modules 22 through 27.Morton Workbook Activities: 35, 36, 37, 38, 39, 40, 41, & 42.Graphs: Transactions Demand for Money; Asset Demand for Money; Total Demand for Money; Money Market; Loanable Funds Market;E. Unit Five - Inflation, Unemployment, and Stabilization Policies:1. Policy Mix2. Demand Side, Supply Side, & Laffer Curve3. Demand Pull vs. Cost Push Inflation4. Phillips Curve, SR & LR, ExpectationsTextbook/Workbook readings included in Unit Five:Modules 30 through 34Morton Workbook Activities: 43,44, 45, and 46Graphs/Diagrams: Aggregate Demand; Aggregate Supply; Laffer Curve; Demand Pull & Cost Pull Inflation & the AD/AS Model; Short Run Phillips Curve; Long Run Phillips Curve.F. Unit Six: Growth and Productivity:1. Investment in human capital.2. Investment in physical capital.3. Research and development, and technological development.4. Growth policy.5. Productivity.Textbook/Workbook readings included in Unit Six:Modules 37 through 40Morton Workbook Activity: 47Graphs/Diagrams: Production Possibilities; Aggregate Demand; Aggregate Supply.G. Unit Seven: International Trade & Finance:1. Open Economy & International Trade & Finance2. Balance of Payments.3. Demand & Supply of foreign exchange.4. Foreign exchange rate determination5. Currency appreciation & depreciationTextbook/Workbook readings included in Unit Seven:Modules 41 through 44Morton Workbook Activities: 50,51,52,53, & 54Graphs/Diagrams: Production Possibilities; Foreign Exchange Market.VII. Grading Nine weeks grades will be determined as follows: Tests – 40% Quizzes – 30% Daily and Homework – 20% Participation – 10% The semester exam will constitute 20% of the semester average. There will be a test at the end of each instructional unit. Quizzes will be given periodically, either announced or unannounced, in order to evaluate the students’ knowledge of the material on a day-to-day basis. ................
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