EC141.02 Macroeconomics, Fall Term, 2007 Syllabus
Kelvin Schuchart, Sr. Lecturer in Economics, Wartburg College
Room 116 - Whitehouse Business Center
Class time 10:45 – 11:50 MWF
Office Hours: 12:00 -1:00 pm. MWF
Other times as arranged.
Email Kelvin.schuchart@wartburg.edu or phone (266-2485), a local call.
Alternate email <kschuchart@gmail.com>
Text: Economics, Gwartney, et.al. 11th Edition, Thomson/Southwestern Pub.
Final Exam: Tuesday, December 11, 2007. 8 to 10 am. WBC 116.
The assignments are a guide and may be modified as conditions change. In-class announcements will take precedence over the printed syllabus.
Your course grade is determined on a percentage basis of all points available: 100-90 =A;
89-80 = B; 79 - 70 = C; 69 - 60 = D; below 60% is failing. Attendance is always a
consideration. I appreciate advance notification (email), if you know you are going to be absent.
Grades are compiled based on tests, quizzes, additional assignments, and activities. Some assignments may be emailed.
Academic Honesty
By attending Wartburg College, students pledge their dedication to the Honor Code.
"As matter of personal commitment, students, faculty, and staff of Wartburg College are expected to demonstrate four simple principles.
1) All submitted work must be your own.
2) When using the work or ideas of others, including fellow students, provide full credit through accurate citations.
3) Ask for clarification if there is uncertainty about citation rules on a particular assignment.
4) Maintain academic honesty on examinations and class assignments."
Special Needs
The Americans with Disabilities Act of 1990 (ADA) provides protection from illegal discrimination for qualified individuals with disabilities. Students requesting instructional accommodations due to disabilities must arrange for such accommodations by contacting the Dean of Students Deborah Loers. She can be reached at the Student Life office, Saemann Student Center 195, 352-8260, deborah.loers@wartburg.edu. Accommodation should be requested PRIOR to affected assignment due dates.
The following is a general guide to assignments and tests. Other items will be added as appropriate and timely. Copies of relevant materials will be posted on the My Wartburg website.
05 Sept. Chapter 1, Introduction
07 Sept. Chapter 2, Tools of Economics
10 Sept. Quiz, Chapter 1 & 2 Begin Chapter 3, Law of Demand
12 Sept. Chapter 3, Law of Demand
14 Sept. Chapter 3, continue Supply
17 Sept. Chapter 4, Application of Supply and Demand
19 Sept. Chapter 4 continued
21 Sept Chapter 5 “Special Cases
24 Sept. Chapter 6, Collective Decision Making
26 Sept. Review/ Catch-up
28 Sept Test, Chapters 3 – 6
01 Oct. Chapter 7, GDP
03 Oct. Chapter 8, Business Cycle, Labor/Employment
05 Oct. continue Inflation
08 Oct. Chapter 9, Circular Flow theory
10 Oct. Chapter 10, Aggregate Demand
12 Oct. Test, Chapters 7 – 10
15 Oct. Chapter 11, Keynesian Theory
17 Oct. Chapter 11 continued
19 Oct. Chapter 12 Fiscal Policy (Homecoming Weekend)
22 Oct. Chapter 12 continued
24 Oct. more Fiscal policy
26 Oct. Fall Break
29 Oct. Catch up and Review
31 Oct. Test, Chapters 11 & 12
02 Nov. Chapter 13, Money and Banking
05 Nov. Chapter 13, continued
07 Nov. Chapter 14, Monetary Policy
09 Nov. Continued
12 Nov. Continued
14 Nov. Test, Chapters 13 & 14
16 Nov. Chapter 15, Expectations
19 Nov. Continued
21 Nov. Shortened periods, Thanksgiving Break
23 Nov. Break – no classes
26 Nov. Chapter 16, Economic Growth
28 Nov. Growth issues, continued
30 Nov. Chapter 17, International Trade
03 Dec. Trade issues
05 Dec. Wrap up loose ends
07 Dec. Formal review for exam
11 Dec. Final Exam, 8 – 10 am.
ADAM SMITH quotes,
“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.”
The Wealth of Nations, Book IV Chapter VIII