Introduction



ECO 2013: MacroeconomicsPrinciples of MacroeconomicsKey Course InformationInstructorNicholas C. ReithmaierPhone(727) 341-4127Fax(855) 223-2830E-mailreithmaier.nicholas@spcollege.eduLocationOnline @ SPC MyCoursesCourse Credits3IntroductionWelcome to ECO 2013 called Principles of Macroeconomics! In this course, we’ll studies the basic concepts of a large economy comprised of a lot of individuals and businesses. The next course in the sequence, ECO 2013 called Principles of Microeconomics, explores the basic concepts of a single individual or business. Together, these two courses provide a comprehensive overview of economics. Below are some of the topics in each course that we explain and develop mathematical models for. ECO 2013 – Principles of MacroeconomicsECO 2023 – Principles of MicroeconomicsHow to use math and graphs in economicsWhat economics is and what the major principles of economics areHow individual markets work by using consumer demand and business supplyEconomic indicators such as GDP, inflation, and unemploymentHow consumers make choices between different goodsHow economies use capital to grow and developThe types of competition in a free market from perfect to monopolyThe aggregate demand and aggregate supply model which describes how a macroeconomy worksHow to determine the right amount of environmental regulationsHow governments use spending and money printing to control economic growthHow risk and uncertainty influence marketsThe purpose of banks and money in the modern economyThe major types of government spendingRequired TextPrinciples of Macroeconomics by OpenSTAX is a free textbook that is 100% compatible with this course—you can download an electronic copy at Excel software (available on SPC computers and for download by SPC certificate/degree seeking students). Students can use alternatives, such as Google Sheets, LibreOffice, and pen/paper that is scanned. Course DescriptionThis course is a study involving the theory of the business firm in the market economy. Major emphasis will be placed on the theory of price and output determination under different market situations, as well as consumer demand and behavior in market economies.Course Prerequisites(ENC 0025 and REA 0017) or EAP 1695 or appropriate score on the placement test. MAC 1105 is highly recommended—algebra will be used in this course.Grading PolicyGrades will be determined by the equally weighted average of all homework assignments. There are no exams for this course, and all homeworks are open book. Students should re-submit homeworks for re-grading, based on instructor feedback as many times as needed to master the concept. A: at least 90% B: at least 80% C: at least 70% D: at least 60% F: at least 0%Note: The required SPC MyCourses grade schema doesn’t round grades up, so an 89.97% can’t be reported as an A. If you’re bordering on the edge, re-submit a low-score homework for re-grading. Historically, curves have not been used for this course as many students received As and Bs through their own hard work. Students can pass with an A or B when they thoughtfully answer all assignments, re-submit homework for re-grading, and work with the instructor to overcome challenges. Contact the instructor before withdrawing the course to explore other options. Attendance PolicySPC requires attendance to be taken at the end of week 1, week 2, and at the 60% mark of the course. This means that students are required to submit the intro quiz by the end of week 1 for week 1/2 attendance, and at least half of all homework assignments by the withdraw date—contact the instructor to stay in the course if you won’t be able to meet these deadlines for any reason. Note that all assignments can be re-submitted for a higher grade without penalty—the purpose of this course is to learn. Exam PolicyNo timed exams will given in this course and all homeworks are open book. Homework documents must be individual efforts (don’t copy/paste answers), though group collaboration on how to solve the problem is allowed. Disability PolicyIf you require any sort of disability accommodations, then please contact SPC's Disability Resources. Note that there are no timed assignments nor are there any exams for this course. MiscellaneousKeep in mind that this course requires 12 to 15 hours of dedicated concentration every week. course is entirely self-paced—ensure that all assignments are turned in no later than 11:55pm on the last Sunday of the semester. All instructors are required to input final grades into MySPC by 8pm on the last Wednesday of the semester so late assignments might not be graded when final grades have to be submitted. Syllabus AddendumSPC publishes a robust addendum to the syllabus covering the following topics. factorsStudent expectationsSafety and securityStudent concernsOther support services ................
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