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Principles of Macroeconomics

Dual Enrollment Class

ECO 2013 / Fall 2018

Instructor: Magda de la Torre

Class and Office Location: Mater Academy High School/ Room 132 Phone Number: (305) 828 -1886

Email: mdelatorre@

Course Overview

“Principles of Macroeconomics” course has been designed to provide students with the basic concepts of the economy as a whole and how the economy works in the short and the long run. This is a course to qualify secondary school students who wish to complete coursework equivalent to a one-semester college introductory class. Each student is expected to work on a variety of assignments and assessments to demonstrate understanding enough of the subject area matter to be given three (3) college credits. There are not pre-requisites or co-requisites to take this course.

Meeting Times

Class lectures will take place at Mater Academy High School, Room 132 according to the high school block schedule.

Required Textbook

• McConnell, Campbell R and Brue, Stanley R. “Economics: Principles Problems and Policies”. 18th Edition. New York, NY: McGraw-Hill Irwin, 2009.

ISBN-13:978-0-07-337569. Each student will receive a textbook at the beginning of the semester.

Online version

• Anderson, David. “Economics by Examples”. Worth Publishers/BFW, 2007.

ISBN-13: 978-0-7167-6934-7. Each student will receive a textbook at the beginning of the semester.

• Krugman, P. and Wells, R. “Economics”. Worth Publishers/BFW, 2009.

ISBN-13: 978-0-7167-7158-6. Student can find a copy of this book in the Mater Academy Library.

• Online Textbook . Subject → Social Science → Principles of Economics → Download a PDF

Additional Textbook

• Ray, Margaret and Anderson, David. “Krugman’s macroeconomics for AP”. Worth Publishers/BFW, 2011.

ISBN-13: 978-1-4292-5730-5. Student can find a copy of this book in the Mater Academy Library.

Office Hours, Website and Contact Information

For additional help, student could come to participate in our systematic tutoring activities, every Monday and Wednesday from 6:30 a.m. to 7:20 a.m. and Wednesday from 2:35 p.m. to 3:30 p.m. in room 132. For any additional contact, please feel free to e-mail me. Don’t forget to indicate your full name and the period in which you are receiving the course in the subject line.

Email: mdelatorre@ or magdadelatorere@

All students are expected to log into the Mater Academy website at least twice a week. There you could find homework instructions and assignment due dates. Assignments are expected to be completed on time.

Webpage:

Course Competencies / Course Objectives

The student will demonstrate comprehension of the following basic topics:

• Fundamental economic concepts such as scarcity, opportunity costs, and will be able to make a distinction between absolute and comparative advantage, and apply the principle of comparative advantage to determine the base on which mutually advantageous trade can take place between individuals and/or countries, and to identify comparative advantage from differences in opportunity costs.

• Tools of supply and demand used to analyze the mechanisms of a free market economy.

• Basic macroeconomic concepts and issues, to recognize of economic fluctuations and it relation with unemployment, inflation, and economic growth.

• An overview of how the economy works, identifying the key measures of economic performance: gross domestic product, unemployment, and inflation.

• Aggregate supply and aggregate demand model to explain the determination of national output equilibrium, the general price level, and the impact of economic fluctuations on the economy’s output and price level, both in the short run and in the long run.

• How the public policy can affect the economy’s output, price level, and level of employment, both in the short run and in the long run.

• Interactions between both monetary and fiscal policies.

• Role of the productivity in increasing the real output the standard of living.

• How open economies interact through the goods and services market and the financial markets.

Student Learning Outcomes

At the end of this course, students will be able to:

• Communicate effectively using listening, speaking, reading, and writing skills.

• Evaluate and interpret numerical and graphical information by using logical skills.

• Solve word problems using critical and scientific reasoning.

• Evaluate and compare information to make conclusions.

Policy and Procedures

Attendance to class is mandatory. Students are expected to be in class on time. The class is inside of the high school schedule, but the Miami Dade County Public School attendance policy is not applied. However other Mater Academy specific regulation must be followed. Students will be allowed three absences per semester-class without penalty. More than three absences will require a teacher-student meeting to evaluate the absence status.

At the end of the semester, make-up work will be considered on an individual basis.

All student must turn off his/her cell phone during classes and exams. Teacher may collect cell phones and any other electronic devices during exams. The use of calculators is allowed in classes and exams. Teacher will provide a calculator to student as needed.

Instructional Accommodations: 

Students with disabilities (ESE), who need reasonable modifications to complete tasks successfully and otherwise satisfy course criteria, are encouraged to discuss this with the instructor as early in the course as possible. If this is the first time the student will be requesting accommodations, he or she must first contact the Student Services (Counselors) to formally request accommodations.

Academic Integrity

Students in this class must know, observe, and not compromise the principles of academic integrity. It is not permissible to cheat, to fabricate or falsify information, to submit the same academic work in more than one course without prior permission, to plagiarize, to receive unfair advantage, or to otherwise abuse accepted practices for handling and documenting information. The grade for this course includes the judgment that the student’s work is free from academic dishonesty of any type. Violations or infractions will be reported to the School Administrators and the Dual Enrollment Coordinator and may lead to failure of the course and other sanctions imposed by them.

Tentative Content

These are the modules that I will cover in class, topics and order are subject to change.

Module1: Introduction to Economics. Limits, Alternatives, and Choices

Module 2: Demand, Supply, and Price Determination

Module 3: The Macroeconomic Perspective: GDP and Measures of Economic Performance

Module 4: Two Basic Macroeconomic Issues: Unemployment and Inflation

Module 5: The Aggregate Demand/Aggregate Supply Model.

Module 6: Money and Banking

Module 7: Monetary Policy and Bank Regulation.

Module 8: Government Budgets and Fiscal Policy

Module 9: Macroeconomic Policy around the World.

Module 10: The International Trade. Exchange Rates and International Capital Flows. Globalization and Protectionism

Module 11: Economic Growth and Productivity

Homework/Classwork Assignments

Homework and classwork assignments will be posted in the Mater Academy website at . If the student is absent to school, late work will be accepted. Make-up work will be considered on an individual basis.

Exams

Student will work on an exam every three units. Review will occur as an in class assignment prior to the date of each exam. The final exam will be on January 9 or 10 according to the class schedule. This date however, will maintain tentative.

Evaluations

The final grade will consist of exams, homework, classwork, and article reviews. Each component will receive the following weight:

• Portfolio ---------------------------------------------- 30%

• Online Courses (ECON Lowdown)---------------20%

• Quizzes ------------------------------------------------20%

• Final Exam-------------------------------------------- 30%

Grading Scale

|Grade |Grade Points per Credit |

|A |4.00 |

|A- |3.67 |

|B+ |3.33 |

|B |3.00 |

|B- |2.67 |

|C+ |2.33 |

|C |2.00 |

|C- |1.67 |

|D+ |1.33 |

|D |1.00 |

|D- |0.67 |

|F |0.00 |

Article Review Outline

An article review is a written evaluation in form of an essay, of a particular work after careful reading, note-taking and analysis of what the author is trying to say. Your review’s length may vary according to the article’s size. Generally four to six typed paragraphs per article will suffice. The review consists of four components that are placed in continuous narrative:

1. Description of the work: A one or two paragraph description of the work’s physical structure and any information about the author you may have discovered. For example magazine title, number of pages, publisher, copyright, date, edition, whether it is part of a series.

2. Statements of author’s goals: The author will say that he or she is trying to accomplish somewhere at the outset either in the article’s preface or in its introduction. In your own words, or paraphrasing his or her own, state the person’s objectives for having writing the article (one or two paragraphs)

3. Your verdict: Did the author achieve the goals set forth? Or were some achieved but not all? Were the conclusions valid, or can you show when he or she hedged the point? If the answer is “yes” show why and use examples from the text to bolster your praise. If the answer is “no,” do the same thing to back your claim. Remember, you cannot praise or condemn without proof.

4. Your Opinion of the whole work: Did you like the article? Why or why not? Use examples to bolster your statements

Gordon Rule Writing Assignment

To obtain course credits and earn an average grade of C or higher, each student is required to submit two written economics article reviews by set deadline dates.

The articles review may be related to any of topics covered in the course curriculum. Selected articles for review must be current (within one year of publication) and must be the equivalent of at least one page in length. This assignment will allow students to work with particular significant source of materials in depth on an individual basis outside of class. Students will be evaluated based on the following:

Reading Skills: Comprehension ability to attain overview of material ability to evaluate strengths and weaknesses of a work

Writing Skills: General writing skills, ability, and understanding to follow instructions, summarize body of material succinctly, and provide adequate support for an opinion of the overall work. A rubric is attached, which will be used to grade each article review.

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