ECON-102 OP95 Wong - Syllabus PDF

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INTRODUCTION TO MACROECONOMICS ECON 102 Section OP95 – Winter 2018 Instructor Contact Information: Instructor: Andrew Wong, MA Office: CCC 7-360G; mailbox in 7-368 Phone: 780-633-3997 [email protected] or through Blackboard E-mail: Office Hour: R 3:00-4:00 pm or by appointment * Please note the contact information above. The best way to reach me is by using the email function in the course. Course Web Page: http://www.mymacewan.ca Course Description Following a brief introduction to the discipline of economics, this course provides an introductory investigation of national income determinations, monetary and banking systems, and fiscal and monetary policies. Contemporary problems of unemployment, inflation, economic growth, exchange rates and international trade are analyzed. Emphasis is given to Canadian issues. Course Prerequisite There are no prerequisites for this course. However, the following skills are expected: fluency in English, ability to write for an academic audience, and computer skills appropriate for a computer-delivered online course. Course Objectives That upon completion of the course, students will have: (1) An understanding of how GDP and CPI are defined and calculated and their applications in the study of economics. (2) An appreciation of how economists approach the analysis of the monetary, fiscal policies and macro management. (3) An ability to apply the model of aggregate demand and aggregate supply to questions of recession and economic expansion. Course Credits:

3 Credits

Blackboard Website Contents As this course is offered only online, here is a brief outline of what you can find on the BlackBoard website at MyMacewan.ca. The website address is: http://www.mymacewan.ca. Log-in with the UserID and password sent to you by the registrar. Then click on the link to “Distance and Online Learning”, scroll down to find your course, and click on the course 1

link. On the home page of the course, there are separate links for each module. In each module are required activities and various optional study aids to supplement the textbook. Required Textbook Parkin, Michael and Robin Bade (2016) Macroeconomics: Canada in the Global Environment (Ninth Edition). Pearson Education Canada. The book is available at the MacEwan University Bookstore either on campus (where used copies may be available) or online at http://www.macewanbookstore.com. Additionally, for those who prefer to purchase eBooks, the text is available digitally. Course Outline Module 1 Module 2 Module 3 Module 4 Module 5 Module 6 Module 7 Module 8 Module 9 Module 10

Welcome GDP and the Standard of Living The CPI and Unemployment Economic Growth Financial Systems Money, Price Level and Inflation Aggregate Supply and Aggregate Demand Expenditure Multiplier Fiscal and Monetary Policy International Trade and Finance

Chapter 20 Chapter 21 Chapter 22 Chapter 23 Chapter 24 Chapter 26 Chapter 27 Chapter 29/30 Chapter 25/31

Grade Evaluation There are several forms of evaluation in this course. The biggest single evaluation point is the comprehensive final examination (37%), which you must pass in order to pass the course. The remaining 63% is divided between quizzes, assignments, and discussion posts. All graded elements will have associated deadline dates. You can, of course, work ahead on modules and study questions, but quizzes and discussion posts must be completed by the deadline (see the online calendar in the Blackboard course for deadlines). Late penalties will be assigned for assignments that are submitted after the deadline (see below), but discussion posts, quizzes and the final exam cannot be completed once the deadline date has passed. The various assessments are briefly summarized below and then in more detail: 9 quizzes (3% each) 9 assignments (2% each) 6 discussion posts (3% each) Comprehensive final exam (see calendar)

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27% 18% 18% 37%

1. Quizzes (27%): There are nine quizzes, one per module. Each quiz is worth 3% for a total of 27% of your final grade. Each quiz is made up of 15 multiple choice questions. You are to do all nine quizzes online through Blackboard. They are all timed and open book. 1.

2. 3. 4. 5. 6.

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These unit quizzes are released (available) by the dates indicated on your calendar and must be completed and submitted by the deadline date. See the online calendar for quiz release and deadline dates. Don’t leave the quiz until the last minute and run out of time! If you submit your quiz answers after 11:59, your entire quiz will be considered late and will not be accepted, and you will receive a zero. You have only one opportunity to take each module quiz. You have 45 minutes to answer 15 multiple choice questions. The quizzes are open book, but due to the time limit, it is best to study as you would for any other quiz. Complete your quiz in one seating, in case you encounter technical difficulties and may not able to get back to it. Each student gets a different quiz for each module, with items randomly generated from the test bank. Thus, the chances for quiz questions to be duplicated, given the size of the test bank, are slim. Having someone take the quiz for you, or having someone help you, is cheating (see below for more information on Academic Integrity). This will result in a zero for the quiz, and possible failure of the course. All quizzes will be sent to the instructor automatically. Results will be immediately available to you after you have submitted the quiz. Your quiz grade will be posted to the “Grade Book” area of the course on Blackboard. If you have a specific question about a quiz question, contact the instructor as soon as possible, noting the unit number and quiz question, as well as the specific concerns you have about the question.

2. Assignments (18%): You will do one assignment for each of the nine modules. These assignments are completed at the Pearson MyEconLab website (www.pearsonmylabandmastering.com). Please follow the registration procedure posted in Blackboard. Instructions are included in each module; you should read them carefully before beginning each assignment. You will be asked to complete a number of different activities, demonstrate that you did the activity and show that you understand the relevance of the activity for the material covered in that module. Quiz questions can be based on these assignments as well. 1. Each unit’s assignment may marked out of a different total, and is worth 2% of your grade, for a total of 18% of your course grade. See the online calendar for assignment deadline dates. 2. To complete an assignment, you will submit your answers via the above site. Assignments will NOT be accepted if they are submitted by email. 3. Having someone write an assignment for you is cheating (see below for more information on Academic Integrity). This will result in a zero for the assignment, and possible failure of the course.

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4. You will only have one attempt to work on each assignment. Save your answers as you go in case you encounter technical difficulties. LATE PENALTY FOR ASSIGNMENTS: 5% per day up to 50% maximum until the final exam deadline date (see the online calendar). You can hand in assignments until the day before the start of the final exam period and still potentially get some credit. Submitting an assignment, even if it is late, can make the difference between passing and failing! 3. Discussion posts (18%): This 18% of your course grade will come from your participation in discussion posts on Blackboard. You are to post one original post once per module (six times during the course), and you will also respond to another student’s post once per module (also six times). Each of the six posts is worth 3% credit each, for a total of 18%. See the online calendar for discussion post deadline dates. The first part of each discussion post will be marked out of a possible 6 of 7 marks total. You will be given credit for your submitted posting if it follows the criteria that you have been asked to follow. In cases where you are asked to make an argument for or against a particular stand, you must make a logical and objective argument. The point of this is to encourage you to share your learning, opinions and experiences as they apply to the course. Therefore, a simple summary in many cases will not receive full credit. The other 1 mark will be awarded if you respond appropriately to at least one other student’s post each module (hence the name “discussion post”). Your post must respond to the discussion or argument of another student by stating whether or not you think the student has supported their statements effectively and appropriately. You will lose marks if you respond to another student inappropriately or disrespectfully (see below). Also, please don’t leave your discussion posts to the last minute, or you and your classmates might find that you simply run out of time to respond to each other and you will lose that 1 mark. Postings will be evaluated on the quality (not quantity) of the postings and the degree that they promote discussion with classmates. You can post as many times as you like for any module. Basic online etiquette is expected of all students. You are expected to use your real name, and thus others in the class can reply to you. You are free to respond any number of times to other students’ posts. Please treat each other with kindness and the utmost courtesy. Remember, students are often required to form an argument in discussion posts; you should not assume that anyone is therefore necessarily putting forth their own personal viewpoint. The Instructor role is as an observer and facilitator. If you are confused about “netiquette”, be sure to find the link in your modules that will assist you with these principles. Having someone write an assignment for you is cheating, and failure to properly cite information that you use for your discussion post is plagiarism (see below for more information on Academic Integrity). This will result in a zero for the discussion post, and possible failure of the course. LATE DISCUSSION POSTS WILL NOT BE ACCEPTED, so make sure to submit them by the deadline date!

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4. Final Examination (37%): The final examination is comprehensive (cumulative) and closed book. It is to be taken in an invigilated circumstance. That is, the final exam will be done on computer in the Blackboard environment and administered by the Exam Services at City Centre Campus or another approved testing facility in your area in a face to face situation (see below). The final exam period for the Winter term is April 10th to April 20th, 2018. The choice of final exam date will be announced toward the end of the course and will appear on the online calendar; be sure to check your announcements in the course. The exam is three hours long and you must to bring student I.D./picture identification of yourself to the examination room, or you will not be allowed to write your exam. Final exam format will be announced in mid March. *IN ORDER TO PASS THE COURSE, YOU MUST PASS THE FINAL EXAM. You must get a least a 50% of the final examination to pass the course, no matter how well you have done on your other course work. The final exam must be written on the final exam date, and grades will be submitted to the Registrar’s Office by five working days after the final exam date. See the online calendar for the final exam deadline date, which will also be announced through Blackboard’s announcement function. Final exam time and place The final exam period for the Winter term is April 10th to April 20th, 2018. An announcement will be sent to you as you near the end of your course, giving you instructions about the final exam. You are given choices among those dates and time. Each student must register his/her own seating via this link: http://myportal.macewan.ca. If you live within a 100km radius of Edmonton, your final exam will take place on the date and time you have reserved in-person at the Exam Services lab, which is located at the MacEwan City Centre Campus in Room 9-204 or 6-224. The deadline to book a local exam is April 3rd, 2018. If you do not live in the Edmonton area, please review You will have to book your exam time via email to Exam Services ([email protected]) or online through the lab using this link: http://goo.gl/yVZfJu. The deadline to book a distance exam is March 26th, 2018.

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**PLEASE NOTE! If you are taking your final exam at a distance site, instructions will be provided by the Exam Services Lab in Edmonton to the distance facility you identify. When you are done your final exam, you should double-check to make sure that the exam is returned to the Exam Services Lab by your facility. Also, you must ensure that the following information is clearly visible on the envelope containing your exam that is to be mailed to your instructor: Instructor: Office:

Andrew Wong, Economics Instructor 7-368, City Centre Campus 10700-104 Avenue Edmonton, AB T5J 4S2

Grade Criterion: Your grades are always available to you under the My Grades link in the student centre. Below are the standard percentage ranges and their grade equivalents for courses in Economics. Grade A+ A AB+ B BC+ C CD+ D F

Percentage 95-100 90-94 85-89 80-84 75-79 70-74 65-69 61-64 57-60 53-56 50-52 0 -49

Grade Points 4.0 4.0 3.7 3.3 3.0 2.7 2.3 2.0 1.7 1.3 1.0 0

Please Note: The official grading system at MacEwan University is the 12-point letter grade system. While instructors may use percentages to aid in their grade development, percentages are not part of MacEwan University’s official grading system. Policy C2020: Grading. STUDENT RESPONSIBILITIES: Students are expected to be aware of their academic responsibilities as outlined in Policy E3101: Student Rights and Responsibilities. Policies are available online at MacEwan.ca/policymanual. 1. ACADEMIC INTEGRITY: Policy C1000: Academic Integrity. All incidents of academic dishonesty, as outlined in the policy, are reported and recorded by the Academic Integrity Office.

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2. SPECIAL ACCOMMODATIONS: Policy E3400: Student with Disabilities. Students who require special accommodation in this course due to a disability are advised to discuss their needs with Services to Students with Disabilities (SSD). 3. PREREQUISITES: Students who do not have the appropriate prerequisite may be removed from the course and may be responsible for any tuition costs up to the date of removal. 4. FINAL EXAMS: Policy C2005: Final Assessment and Policy C2020: Grading. Students are responsible for confirming the date, time, duration and location of the final exam. Students may apply for a deferred final exam to the Faculty of Arts and Science Program Services Office. Applications must be received within two business days of the final exam (If a deferral is granted, a fee of $50 per exam, up to a maximum of $100 per scheduled exam period, will be charged to your account). 5. APPEALS: Policy E3103: Student Appeals. Students may contact Student Affairs for assistance. INSTRUCTOR COURSE POLICIES 1. MISSED EXAMS: Except for unusual circumstances, a student will not be permitted to write an exam at a different time. When students miss an exam, test, or quiz the instructor should be notified of the reason within 48 hours. In general, some type of official documentation is required in order to obtain an excused absence. When students seek an excused absence because of illness, an official medical note is required. Medical notes must include: the date you were examined, a clear statement indicating that due to the severity of the illness you were unable to write the exam on the scheduled date, and the signature of the doctor (signatures by office staff on behalf of the doctor are not acceptable). Notes obtained subsequent to the date of the exam are generally not accepted. It is the student’s responsibility to keep up with class work when they are absent from class. Absence from class will not be accepted as a legitimate reason for failure to attend an exam on time. 2. LATE ASSIGNMENTS: Additionally, see each section above for the specifics on late coursework. a. NO LATE QUIZZES OR DISCUSSION POSTS WILL BE ACCEPTED. b. LATE PENALTY FOR ASSIGNMENTS: 5% per day up to 50% maximum until the day before the first day of the final exam date (April 9th, 2018). c. Since the late penalty for assignments will be 5% per day from the deadline date until 50% credit is lost, you can still submit assignment at the end of the term and potentially get some credit, however assignments will NOT be accepted after the cutoff date to ensure that final marks can be submitted in a timely manner. It is the student’s responsibility to make sure that their assignment was received either by the due date or before the cutoff date. It can make the difference between passing and failing! 7

3. ELECTRONIC DEVICES: Cell phones, pagers, iPods, PDAs, etc., are to be turned off during lectures, labs, seminars, and exams (except under exceptional circumstances in which approval has been granted by the instructor). 4. E-MAIL COMMUNICATION: It is expected that students will communicate with MacEwan University faculty using their myMacEwan.ca e-mail accounts. Disclaimer: The information in this Course Outline is subject to change; any changes will be disseminated online using the “Announcements” tool.

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