I need someone to do a final exam for principal of macroeconomic

eco201_syllabus.pdf

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Saint Leo University

ECO 201 Principles of Macroeconomics

Course Description: An introduction to the study of the determination of income, output, employment, and prices in the U.S. economy. Emphasis on fundamental economic concepts, gross domestic product and its components, monetary and fiscal policy, and contemporary macroeconomic issues. Prerequisite: None Textbooks: Miller, R. (2014). Economics Today. 17th Edition. Upper Saddle River, NJ: Pearson Education.

eBook with MyEconLab access and print upgrade option. ISBN: 978-1-269-938444-0

This course is a part of the Common Body of Knowledge that all business majors take. You will be tested on this course content when you take the ETS Major Field Test in Business (ETS Exam). You are strongly encouraged to keep all notes, eText access codes, and print upgrade, if applicable, for this course to enable you to prepare adequately for the test. Learning Outcomes: 1. Explain the concepts of scarcity, opportunity cost, and the role of incentives in decision making. 2. Identify and explain the primary statistics used to measure income, output, employment, and prices in

the aggregate economy. 3. Develop and describe the basic Aggregate Supply/Aggregate Demand (AS/AD) Model. 4. Describe Monetary and Fiscal Policy within the context of the AS/AD model. 5. Relate the concept of deficit to debt by comparing government expenditures to government revenues. 6. Recognize the importance of specialization by comparative advantage in the face of globalization. 7. Distinguish between the balance of trade and the balance of payments. 8. VALUES OUTCOME: Discuss, integrate, and explain the relevance of Responsible Stewardship in

the context of macroeconomic analysis. Core Value: Responsible Stewardship: Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources to university and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo University's mission and goals. Evaluation:

Chapter Tests (10) (60%) Homework (10) (10%)

Discussion (8) (10%) Writing Assignment (1) (10%) Final Course Assessment (10%)

Tests: The graded chapter tests in this class will occur in Modules 2-8, with practice tests in Module 1. All tests will be completed online, through MyEconLab which is already embedded within LearningStudio. Tests will cover the material in the textbook and AVPs. The online homework assignments should be completed prior to taking the tests, as they will help to better prepare you. There is one test per chapter, regardless of the number of chapters covered per module. Before you can access the tests, however, you need to first log in with the access code that came bundled with your eBook. Please make sure to keep the second access code in a safe location, as you will need that access code when you take Principles of Microeconomics, ECO 202. Homework: All homework assignments will be completed online, through MyEconLab which is already embedded within LearningStudio. There is one assignment per chapter, regardless of the number of chapters covered per module. You are allowed two attempts per question. Before you can access the assignments, however, you need to first log in with the access code that came bundled with your eBook. Please make sure to keep the second access code in a safe location, as you will need that access code when you take Principles of Microeconomics, ECO 202. Discussion: There will be one required discussion question per module. The discussion questions ask you to apply the material you have learned in that module at a deeper level. While there is no specific length requirement, discussions are graded based on the quality and understanding of your analysis. You are encouraged to not only reference your readings, but to also conduct further research online to enhance your postings. For full credit, you need a minimum one quality response to the question AND two quality responses to classmates’ postings. Responses of “I agree” or “Great post!” do not count as quality posts.

Writing Assignment: A written assignment is due in module 3. This assignment asks you to synthesize the concepts learned in your readings with Saint Leo’s Core Values. The assignment must be placed in the course Dropbox by the close of Module 3, and will be automatically run through Turnitin.com for verification of authenticity. The paper must between 2-3 pages, double spaced, with size 12 font. Your sources must be fully cited using the APA formatting style. A detailed rubric is also provided. Final Course Assessment: The Final Course Assessment will be taken in Module 8 in addition to the module test. It is a comprehensive multiple-choice assessment of the learning outcomes from Modules 1-8.

Assessment of the Learning Outcomes

Learning Outcome

Assessment Method(s)

1 Test question, Homework question, Final Course Assessment

2 Test question, Writing Assignment, Homework question, Final Course Assessment

3 Test question, Homework question, Final Course Assessment

4 Test question, Homework question, Final Course Assessment

5 Test question, Homework question, Final Course Assessment

6 Test question, Homework question, Final Course Assessment

7 Writing Assignment

Grading Scale: The following distribution will be used in assigning grades

(decimal points will be rounded to the nearest whole number at semester’s end): Grade Score (%)

A 94-100 A- 90-93 B+ 87-89 B 84-86 B- 80-83 C+ 77-79 C 74-76 C- 70-73 D+ 67-69 D 60-66 F 0-59

Course Schedule: Module 1 The Nature of Economics: Scarcity and the World of Trade-Offs Objectives

At the conclusion of this module, you will be able to:

 Discuss the differences between microeconomics and macroeconomics.

 Evaluate the role that rational self-interest plays in economic analysis.

 Distinguish between positive and normative economics.

 Explain why the scarcity problem induces individuals to consider opportunity costs.

 Discuss why obtaining increasing increments of any particular good typically entails giving up more and more units of other goods.

 Explain why the economy faces a trade-off between consumption goods and capital goods.

Assignments

Items to be Completed: Due No Later Than:

Post an introduction to the class Thursday 11:59 PM EST/EDT

Read Economics Today, Chapters 1 and 2

View Audio Visual Presentation (AVP)

Post an initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 1 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 2 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 1 Test Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 2 Test Sunday 11:59 PM EST/EDT

Module 2 The Macroeconomy: Unemployment, Inflation, and Deflation Objectives

At the conclusion of this module, you will be able to:

 Explain how to calculate the official unemployment rate and discuss the types of unemployment.

 Describe how price indexes are calculated and define the key types of price indexes.

 Distinguish between nominal and real interest rates. Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapter 7

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 7 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 7 Test Sunday 11:59 PM EST/EDT

Module 3 Measuring the Economy’s Performance Objectives

At the conclusion of this module, you will be able to:

 Define gross domestic product (GDP) and understand the limitations of using GDP as a measure of national welfare.

 Explain the expenditure and income approaches to tabulating GDP.

 Distinguish between nominal GDP and real GDP. Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapter 8

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 8 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 8 Test Sunday 11:59 PM EST/EDT

Submit writing assignment Sunday 11:59 PM EST/EDT

Read Economics Today, Chapter 8 Sunday 11:59 PM EST/EDT

Module 4 Real GDP and the Price Level in the Long Run and Classical and Keynesian

Macro Analyses Objectives

At the conclusion of this module, you will be able to:

 Describe the effect of economic growth on the long-run aggregate supply curve.

 Explain why the aggregate demand curve slopes downward, and list key factors that cause this curve to shift.

 Discuss the meaning of long-run equilibrium for the economy as a whole.

 Describe the short-run determination of equilibrium real GDP and the price level in the classical model.

 Describe what factors cause shifts in the short-run and long-run aggregate supply curves.

 Evaluate the effects of aggregate demand and supply shocks on equilibrium real GDP in the short run.

Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapters 10 and 11

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 10 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 11 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 10 Test Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 11 Test Sunday 11:59 PM EST/EDT

Module 5 Fiscal Policy and Deficit Spending and the Public Debt Objectives

At the conclusion of this module, you will be able to:

 Use traditional Keynesian analysis to evaluate the effects of discretionary fiscal policies.

 Discuss ways in which indirect crowding out and direct expenditure offsets can reduce the effectiveness of fiscal policy actions.

 Describe how certain aspects of fiscal policy function as automatic stabilizers for the economy.

 Explain how federal government budget deficits occur.

 Analyze the macroeconomic effects of government budget deficits.

 Describe possible ways to reduce the public debt. Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapters 13 and 14

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 13 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 14 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 13 Test Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 14 Test Sunday 11:59 PM EST/EDT

Module 6 Money, Banking, and Central Banking and Domestic and International

Dimensions of Monetary Policy Objectives

At the conclusion of this module, you will be able to:

 Define the fundamental functions of money and identify key properties that any good that functions as money must possess.

 Describe the basic structure and functions of the Federal Reserve System.

 Determine the maximum potential extent that the money supply will change following a Federal Reserve monetary policy action.

 Describe how Federal Reserve monetary policy actions influence market interest rates.

 Evaluate how expansionary and contractionary monetary policy actions affect equilibrium real GDP and the price level in the short run.

 Understand the equation of exchange and its importance in the quantity theory of money and prices.

Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapters 15 and 16

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 15 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 16 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 15 Test Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 16 Test Sunday 11:59 PM EST/EDT

Module 7 Comparative Advantage and the Open Economy Objectives

At the conclusion of this module, you will be able to:

 Explain why nations can gain from specializing in production and engaging in international trade.

 Understand common arguments against free trade and why nations restrict trade.

 Identify key international agreements and organizations that adjudicate trade disputes among nations.

Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapter 32

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 32 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 32 Test Sunday 11:59 PM EST/EDT

Module 8 Exchange Rates and the Balance of Payments Objectives

At the conclusion of this module, you will be able to:

 Distinguish between the balance of trade and the balance of payments.

 Outline how exchange rates are determined in the markets for foreign exchange and what factors induce changes in equilibrium.

 Understand how policymakers can go about attempting to fix exchange rates. Assignments

Items to be Completed: Due No Later Than:

Read Economics Today, Chapter 33

View Audio Visual Presentation (AVP)

Post initial response to the Discussion Board Thursday 11:59 PM EST/EDT

Post responses to at least two classmates Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 33 Homework Sunday 11:59 PM EST/EDT

Complete MyEconLab Chapter 33 Test Sunday 11:59 PM EST/EDT

Complete Final Exam Sunday 11:59 PM EST/EDT