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Econ 2101
Eric A. Kouevi Page 1 of 7
Syllabus Jan 9
ECONOMICS 2101 - 007
PRINCIPLES OF MACROECONOMICS
SPRING 2014
INSTRUCTOR
Eric A. Kouevi akouevi@uncc.edu
Office: 218 C Friday Building
Office Hours: Tu 3:30 – 4:45 pm; Th 3:30 – 4:45 pm in Friday building 132 lecture hall,
other hours by appointment only.
COURSE MATERIALS
This course uses Moodle2 for assignments and class communications.
The textbook is Principles of Macroeconomics, edition 2.0, by Rittenberg and
Tregarthen. The text is published by Flat World Knowledge, a company that is
pioneering low-cost textbook publishing. You have several options for acquiring the
text. These are explained at here.
COURSE DESCRIPTION
This is the first course in the study of how the overall economy works and what options
there are to shape the outcomes. Our central theme is what determines how much we
produce, how many people are employed, and what the price level is. These topics are
in the news every day. We will use the tools of economics to take an analytical look at
these topics.
If you follow the US news, you have already heard a lot about macroeconomics. Since
the Great Recession began in December 2007, the economic news has been
dominated by discussions of problems in the financial industry, the housing bubble, the
level of employment and unemployment, the Fed and monetary policy, the federal debt,
optimal tax rates, and the fiscal cliff. This course helps you understand the economics
at work in these important issues. With some work, the world will look differently to you
at the end of the course than it does at the beginning.
Econ 2101
Eric A. Kouevi Page 2 of 7
Syllabus Jan 9
COURSE OBJECTIVES
To gain a fundamental understanding of the workings of the macro-economy; and to
develop a basic understanding of the role that government has in influencing economic
activity.
Along with other course objectives, this course will help the student develop problem-
solving skills; skills associated with independent thinking; and will address social,
political, and global issues using tools of economic analysis.
Additionally, ECON 2101 is one of the courses that satisfies the social science
requirement of the new general education program. The course is intended to introduce
students to the methods of the social sciences and to the application of these methods
for gaining a scientific understanding of the social world.
Foundations of Economic Thinking
•  Scarcity and choice
•  Supply and demand
Macroeconomic Measures and Issues
•  Production and output
•  Real and nominal values
•  Inflation
Macroeconomic Policy
•  The Fed and monetary policy
•  Fiscal policy
Investment
International trade
Econ 2101
Eric A. Kouevi Page 3 of 7
Syllabus Jan 9
PATH TO SUCCESS: COURSE GROUND RULES
1. Attend class. This is the equivalent of showing up for work. It is necessary but not
sufficient to learn the material.
2. Be prepared for each class meeting. Before class, study the assigned material AND
learn the specialized vocabulary terms.
3. Stay for the entire class time. You may not go out and come back to class. You are
expected to refrain from side conversations during the class. Do not leave the class
to visit the vending machines, kill an enemy, check Facebook, rob a bank, try a new
margarita recipe, or any other reason. Your actions have consequences for you and
for others, so limit your footprint, please.
4. The best practice is to refrain from using any electronic device during class. Taking
notes by hand facilitates learning. Cursive writing produces more retention than
printing. There is sound research to support this.
You may not use electronic devices during class. You may not take photos, check
Facebook, record the class, or any other use of electronics. That means no phones,
no tablets, no laptops, no Cray supercomputers, and no cameras.
It is never appropriate to use headphones during class.
5. You may not take pictures or make recordings of the lecture or other class work.
These products are the property of the instructor. Your notes are your products and
you can do as you like with them provided you do not create disincentives for class
attendance.
6. No spitting.
7. If you miss a class, get the notes from a classmate. The instructor does not deliver
instant replays or even summary notes.
8. In addition to time spent in class, you should plan to spend at least 6 hours per
week studying for this course alone. Additional time will be required if your
prerequisite skills are weak. Additional time is also required to prepare for exams. If
you are not prepared to devote this time, week after week, reschedule this course for
a semester when you have more time available.
9. Identify and correct any skill deficiencies related to this course. These skills may be
the correct use of capitalization and other grammatical conventions, arithmetic and
algebraic facility, creating and understanding graphs, or time management skills.
Econ 2101
Eric A. Kouevi Page 4 of 7
Syllabus Jan 9
10.You are responsible for solving your own IT problems. If something is not working
on your phone, Mac, or tablet, try a Windows computer. Use Firefox as your
browser. If you continue to have difficulty, call the help desk at 7 – 6400.
GRADES
Exams:
Grades will be based upon four tests and an optional final exam. The tests are weighted
equally. Students can opt to drop their lowest regular exam, take the final, and apply the
grade of the final to the dropped exam.
Letter grades are assigned as follows:
A 90-100
B 80-89
C 70-79
D 60-69
F Below 60
Grades are rounded to the nearest whole percentage. Special consideration may be
given to students who perform especially well on the final.
Students who arrive late for tests and/or the final examination will be permitted to sit the
test or exam provided that no student has turned in their paper prior to the student’s
arrival. Once a paper has been turned in, late arriving students will not be permitted to
begin the test or exam. A student who begins a test or exam late will not be given extra
time at the end of the regular test or examination period.
Attendance policy:
This course has no formal attendance policy. Students are expected to make all classes
on time. All students are expected to make all tests when scheduled. Make-up exams
will only be allowed for pre-excused absences. Written proof of the reason for absence
must be provided. Examples of acceptable reasons are; medical (minor illnesses not
included), death of or serious illness to family members, major traffic accident, and
athletes and others who represent the university on a regular basis. Remember
excused absences must provide a written reason from the appropriate official(s)
indicating the exact dates for which class was or will be missed. If a student misses a
test or tests with an excused absence, the student must take the final exam and the
weight(s) of the missed test(s) will be applied to the final exam.
Econ 2101
Eric A. Kouevi Page 5 of 7
Syllabus Jan 9
UNIVERSITY POLICIES
It is your responsibility to be fully and accurately informed of University policies,
including, but not limited to, rules regarding dropping and adding courses, graduation
requirements, and student conduct. The Dean of Students Office is the authoritative
source for these policies.
The UNC Charlotte Code of Student Academic Integrity will be actively enforced in this
course. The code forbids cheating, fabricating or falsifying information, submitting
academic work for multiple requirements, plagiarizing, abusing academic materials, and
complicity in academic dishonesty. Be sure you know the meaning of these terms. "I
didn't think THAT was plagiarizing." is not an acceptable defense. Any special
requirements or permissions regarding academic integrity will be stated by the instructor
and are binding on you. You are expected to report cases of academic dishonesty to
the course instructor.
If you have a disability that affects your ability to do the work in this course, please
contact the Office of Disability Services to obtain a Letter of Accommodation. The office
is 230 Fretwell; phone 7.4355.
The Belk College of Business strives to create an inclusive academic climate in which
the dignity of all individuals is respected and maintained. Therefore, we celebrate
diversity that includes, but is not limited to ability/disability, age, culture, ethnicity,
gender, language, race, religion, sexual orientation, and socio-economic status.
Econ 2101
Eric A. Kouevi Page 6 of 7
Syllabus Jan 9
COURSE SCHEDULE
Date Day Topic
Jan	
  9	
   Th	
   Chapter 1: Introduction to Economics
Jan	
  14	
   T	
  	
   Chapter 2: Production Options
Jan	
  16	
   Th	
   Chapter 2: Production Options
Jan	
  17	
   F	
   Last	
  day	
  to	
  add	
  a	
  class	
  
Jan	
  21	
   T	
  	
   Chapter 3: Demand and Supply
Jan	
  23	
   Th	
   Chapter 3: Demand and Supply
Jan	
  28	
   T	
  	
   Chapter 3: Demand and Supply; Chapter 4: More Demand and
Supply
Jan	
  30	
   Th	
   Chapter 4: More Demand and Supply
Feb	
  4	
   T	
  	
   Exam 1
Feb	
  6	
   Th	
   Chapter 5: Introduction to Macroeconomics
Feb	
  11	
   T	
  	
   Chapter 5: Introduction to Macroeconomics
Feb	
  13	
   Th	
   Chapter 6: Measuring Production and Income
Feb	
  18	
   T	
  	
   Chapter 7: Aggregate Demand and Aggregate Supply
Feb	
  20	
   Th	
   Chapter 7: Aggregate Demand and Aggregate Supply
Feb	
  25	
   T	
  	
   Exam 2
Feb	
  27	
   Th	
   Chapter 8: Economic Growth
March	
  4	
   T	
  	
   No class
March	
  6	
   Th	
   No class
March	
  
11	
  
T	
  	
   Chapter 9: Money
March	
  
13	
  
Th	
   Chapter 9: Money
Econ 2101
Eric A. Kouevi Page 7 of 7
Syllabus Jan 9
March	
  
18	
  
T	
  	
   Chapter 10: Financial Markets and the Economy
March	
  
20	
  
Th	
   Chapter 10: Financial Markets and the Economy
March	
  
25	
  
T	
  	
   Exam 3
March	
  
26	
  
W	
   Last day to drop
March	
  
27	
  
Th	
   Chapter 11: Monetary Policy and the Fed
April	
  1	
   T	
  	
   Chapter 11: Monetary Policy and the Fed
April	
  3	
   Th	
   Chapter 12: Government and Fiscal Policy
April	
  8	
   T	
  	
   Chapter 12: Government and Fiscal Policy
April	
  10	
   Th	
   Chapter 14: Investment and Economic Activity
April	
  15	
   T	
  	
   Chapter 14: Investment and Economic Activity
April	
  17	
   Th	
   Exam 4
April	
  22	
   T	
  	
   Chapter 15: Net Exports and International Finance
April	
  24	
   Th	
   Chapter 15: Net Exports and International Finance
April	
  29	
   T	
  	
   Review
	
   	
   	
  
May	
  8	
   Th	
   2:00	
  –	
  4:30	
  Final	
  exam.	
  	
  Check	
  the	
  University	
  Calendar	
  for	
  location.	
  

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ECON2101-007_201410

  • 1. Econ 2101 Eric A. Kouevi Page 1 of 7 Syllabus Jan 9 ECONOMICS 2101 - 007 PRINCIPLES OF MACROECONOMICS SPRING 2014 INSTRUCTOR Eric A. Kouevi akouevi@uncc.edu Office: 218 C Friday Building Office Hours: Tu 3:30 – 4:45 pm; Th 3:30 – 4:45 pm in Friday building 132 lecture hall, other hours by appointment only. COURSE MATERIALS This course uses Moodle2 for assignments and class communications. The textbook is Principles of Macroeconomics, edition 2.0, by Rittenberg and Tregarthen. The text is published by Flat World Knowledge, a company that is pioneering low-cost textbook publishing. You have several options for acquiring the text. These are explained at here. COURSE DESCRIPTION This is the first course in the study of how the overall economy works and what options there are to shape the outcomes. Our central theme is what determines how much we produce, how many people are employed, and what the price level is. These topics are in the news every day. We will use the tools of economics to take an analytical look at these topics. If you follow the US news, you have already heard a lot about macroeconomics. Since the Great Recession began in December 2007, the economic news has been dominated by discussions of problems in the financial industry, the housing bubble, the level of employment and unemployment, the Fed and monetary policy, the federal debt, optimal tax rates, and the fiscal cliff. This course helps you understand the economics at work in these important issues. With some work, the world will look differently to you at the end of the course than it does at the beginning.
  • 2. Econ 2101 Eric A. Kouevi Page 2 of 7 Syllabus Jan 9 COURSE OBJECTIVES To gain a fundamental understanding of the workings of the macro-economy; and to develop a basic understanding of the role that government has in influencing economic activity. Along with other course objectives, this course will help the student develop problem- solving skills; skills associated with independent thinking; and will address social, political, and global issues using tools of economic analysis. Additionally, ECON 2101 is one of the courses that satisfies the social science requirement of the new general education program. The course is intended to introduce students to the methods of the social sciences and to the application of these methods for gaining a scientific understanding of the social world. Foundations of Economic Thinking •  Scarcity and choice •  Supply and demand Macroeconomic Measures and Issues •  Production and output •  Real and nominal values •  Inflation Macroeconomic Policy •  The Fed and monetary policy •  Fiscal policy Investment International trade
  • 3. Econ 2101 Eric A. Kouevi Page 3 of 7 Syllabus Jan 9 PATH TO SUCCESS: COURSE GROUND RULES 1. Attend class. This is the equivalent of showing up for work. It is necessary but not sufficient to learn the material. 2. Be prepared for each class meeting. Before class, study the assigned material AND learn the specialized vocabulary terms. 3. Stay for the entire class time. You may not go out and come back to class. You are expected to refrain from side conversations during the class. Do not leave the class to visit the vending machines, kill an enemy, check Facebook, rob a bank, try a new margarita recipe, or any other reason. Your actions have consequences for you and for others, so limit your footprint, please. 4. The best practice is to refrain from using any electronic device during class. Taking notes by hand facilitates learning. Cursive writing produces more retention than printing. There is sound research to support this. You may not use electronic devices during class. You may not take photos, check Facebook, record the class, or any other use of electronics. That means no phones, no tablets, no laptops, no Cray supercomputers, and no cameras. It is never appropriate to use headphones during class. 5. You may not take pictures or make recordings of the lecture or other class work. These products are the property of the instructor. Your notes are your products and you can do as you like with them provided you do not create disincentives for class attendance. 6. No spitting. 7. If you miss a class, get the notes from a classmate. The instructor does not deliver instant replays or even summary notes. 8. In addition to time spent in class, you should plan to spend at least 6 hours per week studying for this course alone. Additional time will be required if your prerequisite skills are weak. Additional time is also required to prepare for exams. If you are not prepared to devote this time, week after week, reschedule this course for a semester when you have more time available. 9. Identify and correct any skill deficiencies related to this course. These skills may be the correct use of capitalization and other grammatical conventions, arithmetic and algebraic facility, creating and understanding graphs, or time management skills.
  • 4. Econ 2101 Eric A. Kouevi Page 4 of 7 Syllabus Jan 9 10.You are responsible for solving your own IT problems. If something is not working on your phone, Mac, or tablet, try a Windows computer. Use Firefox as your browser. If you continue to have difficulty, call the help desk at 7 – 6400. GRADES Exams: Grades will be based upon four tests and an optional final exam. The tests are weighted equally. Students can opt to drop their lowest regular exam, take the final, and apply the grade of the final to the dropped exam. Letter grades are assigned as follows: A 90-100 B 80-89 C 70-79 D 60-69 F Below 60 Grades are rounded to the nearest whole percentage. Special consideration may be given to students who perform especially well on the final. Students who arrive late for tests and/or the final examination will be permitted to sit the test or exam provided that no student has turned in their paper prior to the student’s arrival. Once a paper has been turned in, late arriving students will not be permitted to begin the test or exam. A student who begins a test or exam late will not be given extra time at the end of the regular test or examination period. Attendance policy: This course has no formal attendance policy. Students are expected to make all classes on time. All students are expected to make all tests when scheduled. Make-up exams will only be allowed for pre-excused absences. Written proof of the reason for absence must be provided. Examples of acceptable reasons are; medical (minor illnesses not included), death of or serious illness to family members, major traffic accident, and athletes and others who represent the university on a regular basis. Remember excused absences must provide a written reason from the appropriate official(s) indicating the exact dates for which class was or will be missed. If a student misses a test or tests with an excused absence, the student must take the final exam and the weight(s) of the missed test(s) will be applied to the final exam.
  • 5. Econ 2101 Eric A. Kouevi Page 5 of 7 Syllabus Jan 9 UNIVERSITY POLICIES It is your responsibility to be fully and accurately informed of University policies, including, but not limited to, rules regarding dropping and adding courses, graduation requirements, and student conduct. The Dean of Students Office is the authoritative source for these policies. The UNC Charlotte Code of Student Academic Integrity will be actively enforced in this course. The code forbids cheating, fabricating or falsifying information, submitting academic work for multiple requirements, plagiarizing, abusing academic materials, and complicity in academic dishonesty. Be sure you know the meaning of these terms. "I didn't think THAT was plagiarizing." is not an acceptable defense. Any special requirements or permissions regarding academic integrity will be stated by the instructor and are binding on you. You are expected to report cases of academic dishonesty to the course instructor. If you have a disability that affects your ability to do the work in this course, please contact the Office of Disability Services to obtain a Letter of Accommodation. The office is 230 Fretwell; phone 7.4355. The Belk College of Business strives to create an inclusive academic climate in which the dignity of all individuals is respected and maintained. Therefore, we celebrate diversity that includes, but is not limited to ability/disability, age, culture, ethnicity, gender, language, race, religion, sexual orientation, and socio-economic status.
  • 6. Econ 2101 Eric A. Kouevi Page 6 of 7 Syllabus Jan 9 COURSE SCHEDULE Date Day Topic Jan  9   Th   Chapter 1: Introduction to Economics Jan  14   T     Chapter 2: Production Options Jan  16   Th   Chapter 2: Production Options Jan  17   F   Last  day  to  add  a  class   Jan  21   T     Chapter 3: Demand and Supply Jan  23   Th   Chapter 3: Demand and Supply Jan  28   T     Chapter 3: Demand and Supply; Chapter 4: More Demand and Supply Jan  30   Th   Chapter 4: More Demand and Supply Feb  4   T     Exam 1 Feb  6   Th   Chapter 5: Introduction to Macroeconomics Feb  11   T     Chapter 5: Introduction to Macroeconomics Feb  13   Th   Chapter 6: Measuring Production and Income Feb  18   T     Chapter 7: Aggregate Demand and Aggregate Supply Feb  20   Th   Chapter 7: Aggregate Demand and Aggregate Supply Feb  25   T     Exam 2 Feb  27   Th   Chapter 8: Economic Growth March  4   T     No class March  6   Th   No class March   11   T     Chapter 9: Money March   13   Th   Chapter 9: Money
  • 7. Econ 2101 Eric A. Kouevi Page 7 of 7 Syllabus Jan 9 March   18   T     Chapter 10: Financial Markets and the Economy March   20   Th   Chapter 10: Financial Markets and the Economy March   25   T     Exam 3 March   26   W   Last day to drop March   27   Th   Chapter 11: Monetary Policy and the Fed April  1   T     Chapter 11: Monetary Policy and the Fed April  3   Th   Chapter 12: Government and Fiscal Policy April  8   T     Chapter 12: Government and Fiscal Policy April  10   Th   Chapter 14: Investment and Economic Activity April  15   T     Chapter 14: Investment and Economic Activity April  17   Th   Exam 4 April  22   T     Chapter 15: Net Exports and International Finance April  24   Th   Chapter 15: Net Exports and International Finance April  29   T     Review       May  8   Th   2:00  –  4:30  Final  exam.    Check  the  University  Calendar  for  location.