Professor’s Course
Information Sheet
Professor’s
Name: Dr.
V. A. Reilly
Course
Title and Number: Macroeconomic Principles
– ECON 151/DL
Catalog
Description:
A study of the American economic system, including
private enterprise, the role of government in the economy, supply and demand,
national income measurement and theory and fiscal and monetary policy.
Office
Location:
Phone
Number: 732-255-0400 ext. 2430
E-Mail
Address: vreilly@ocean.edu
Office
Hours:
8:30 - 9:30 AM
Monday, Tuesday, Thursday, and Friday
Required
Text and other Materials:
Macroeconomics:
Principles, Problems, and Policies
With
Economy Update 2009
McConnell,
Brue, and Flynn – 18th edition – 2009
ISBN
#0077354230
Course
Pre-Requisites: None
General
Education Goals:
·
To
develop the ability to become an independent thinker through mathematical,
scientific, and philosophical reasoning.
·
To
develop the ability to solve problems by collecting, organizing, and evaluating
information.
·
To
develop both the ability and moral sensitivity needed to make informed
judgments concerning ethical issues.
·
To
develop to develop a historical consciousness, including the ability to reflect
thoughtfully and accurately about historical and contemporary issues of local,
national, and global importance.
·
To
develop a global perspective on problems and issues that humankind faces, and
to explore solutions which are morally, socially, economically, politically,
and ecologically sound.
·
To
develop and demonstrate civic and social responsibility.
·
To
develop an understanding of technology and its impact on society, and the
environment.
Course Learning Outcomes/Objectives:
At the end of the course, students will have a basic understanding of the following economic concepts:
· Define the basic economic terminology and concepts.
· Describe the tools of economic analysis: the economizing problem; the production possibilities curve model (including shifts); how economic systems differ; and circular flow model as an overview of the way a market system operates.
· Demonstrate the concepts of the American market system, private and public sectors of the economy, and the basic principles underlying the global economy.
· Define economic growth and its impact on the business cycle; determine the various types of unemployment (frictional, structural, cyclical, and seasonal) and the problems involved in measuring unemployment.
· Define and analyze the cause and effect of inflation, including the concepts of demand‑pull and cost‑push inflation, anticipated and unanticipated inflation, and the meaning and effects of hyperinflation.
·
Explain the Fiscal and Monetary Policies of the
Unit Learning Objectives
can be found in the Learning Modules for each chapter.
Course
Standards:
·
Students
are expected to be prepared. This preparation includes: reading of the textbook
chapters, reviewing PowerPoint Presentations, participating in class
discussions, completing all exams and assignments.
·
Student
grades will be calculated based on four online exams, discussion board postings,
and assignments.
Grade
Scale:
A Excellent 90 +
B+ Very
Good 86 –
89
B Good 80 – 85
C+ Above
Average 76 - 79
C Average 70 – 75
D Passing
– Below Average 60 – 69
F Failure below 59
Withdrawal
Policy – NEW POLICY:
·
Until the OCC cutoff date, November 10, 2009, any student wishing to withdraw
(Grade = W) may do so for any reason by e‑mailing a
request to the professor. The student must obtain a drop/add form from
Admissions (you can request that Admissions mail it to you if you do not come
to campus). Once completed and signed by the student, it should be mailed to
the professor (at Business Dept.,
·
After the OCC cutoff date to be
named, if a student stops attending or is administratively
withdrawn, a grade of “F” will be assigned.
Academic
and Student Support Services:
Students will find a number of useful and
informative services under Web Links, located on the left side menu of the
course.
Navigational
Assistance:
On the homepage and under Web Links, students will
find a link to the WebCT Student Tutorial. This should provide basic
information to guide you through the course site. Additional information on
technical items can be found by contacting the free 24/7 hotline at
1-866-861-1122.
Minimum
Technical Requirements:
To be successful in this course, students need basic
computer skills especially in using Word Processing software and the Internet.
It is the student’s responsibility to have reliable access to a computer,
either at home, work, or on campus. No
previous knowledge of economics is required for this course as it covers
introductory material.
Internet
Etiquette:
Students will find information on the proper
Internet etiquette under Web Links - Academic Resources – Core Rules of
Netiquette.
Statement
of Plagiarism:
Plagiarism is defined as taking the words or ideas of another person without
documenting them. A form of academic theft, the college holds that any instance
of plagiarism may result in a failing grade. Students should refer to the
student handbook (Policy #5180).
Statement
about Civility:
Students
are expected to behave in an appropriate academic manner while on the OCC
campus or utilizing any OCC course sites.
Campus
Resources & Services: Tutoring
is available in the Writing Lab and in the
Disabilities
Statement: If there is any student in this class who has
special needs due to learning disabilities or other kinds of disabilities,
please feel free to discuss this with me or else someone at the
Disclaimer: Reasonable changes to this course outline may
be made exclusive of course requirements, course calendar, and grading
procedures.
Revised:
August 2009 {var}