ECON 187 Macroeconomics

ECON 187 March 2022 – Lesson Plan

Codecore COLLEGE

COURSE INFORMATION
The overall health of the economy as measured by gross domestic product, unemployment rates, inflation rates, interest
rates, the balance of payments exchange rates and the money supply is the prime focus of this course . Keynesian and
monetarist theories of income and employment are used as a framework for analyzing government monetary and fiscal
policies.

The role of the Bank of Canada and the chartered banks in determining the money supply and interest rates is described.
Current debate relating to the public debt and supply side economics is evaluated.

International economic issues including free trade the balance of payments are also examined. Where appropriate,
applications to current events are introduced and topics are enhanced wherever possible.

Instructional Level: Certificate

Credits: 3
Total Hours: 64
Types of Instruction:
 64 Hours: Theory

Pre/Corequisites:
 Pre/Corequisite: ECON 186 (strongly recommended), Math 30 (Applied or Pure), Math 33, Math 30-1, or Math
30-2

CLASS INFORMATION
Section Number: March 2022
Term: Winter Year: 2022 Start Date: 3/28/2022 End Date: 7/22/2022
Meeting Times: Please Review Schedule
Meeting Location: Room 604-605

INSTRUCTOR
Ethan Feng
Email: [email protected]
Office Location: 628 6th Avenue 6th fl. New Westminster, BC V3M6Z1
Office Hours: Please discuss with instructor
Academic Manager at CodeCore College
Instructor:
Ethan Feng
[email protected]

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ACADEMIC SUPPORT
Portage College is committed to the education and development of all students. A range of services and supports are
available to assist all students to succeed in and out of the classroom:

 Advising Support

 Student Learning Services

 Accommodations for Students with Disabilities (ex: learning strategies, time management)

 Career Counselling

 Personal Counselling

 Tutoring

 Instructional Technology Support

 Library Services

ACADEMIC YEAR
2021-2022

ASSESSMENTS - TYPES AND DETAILS

TYPE OF ASSESSMENT DESCRIPTION OF ASSESSMENT - may include specific criteria VALUE

 Multiple Choice Quizzes

Mindtap Online Lab
 End of Chapter Review 15%
Assignments
 Aplia Homework

Assignments Two "In The News" Analyses 35%

Chapter Test Chapters 5,6,7,8,9,10 20%

Final Exam Chapters 11,14,15,16,3,12,18 30%

Mindtap Online Labs

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This online tool accompanies your textbook and allows students to practice course concepts through practice quizzes,
flash cards and problem walk-throughs. In addition, there are End of Chapter reviews and Aplia Homework exercises
that provide instant grading and feedback. Before the due date, students will have three attempts per question, which
will be averaged to get your final mark. Follow the MindTap Course Registration Instruction link in Moodle for directions
on logging in for the first time.

In the News Analysis

Students will choose two current “In the News” articles, which must be analyzed using the concepts from the course.
The submission prior to the midterm will relate to topics covered in the first half of the course and the submission after
the midterm must relate to concepts covered in the second half of the course. Assignments should be of professional
quality and in a format that would be appropriate for submitting to upper management. All assignments need to be
word processed in Microsoft Word and submitted using the Moodle assignment tool.

Examinations

These exams will be administered during the appropriate exam weeks. You will be provided with formula sheets if
required. The final exam will only cover material discussed after the midterm.

Late Assignments

A deduction of 15% per day will be allocated to assignments unless conditions have been met as outlined in Business
Departments Policies and Procedures. Students who miss a graded assessment will be given a grade of 0%. This mark
will be reassessed if the student has an excusable absence. An excusable absence must accompany a medical note or
other official documentation. The instructor, in consultation with the program coordinator will determine if the absence
is excusable. Should the absence be deemed excusable, either the instructor will transfer the weight of the missed
assessment to the remaining assessments in the grading category OR the student will submit or write the assessment
immediately upon their return to class. See section 4.3 in the Business Policies for more detail.

COMMUNICATION STRATEGIES AND FEEDBACK

Formal feedback: Students will be asked to participate in our Learning Evaluation (standardized course evaluation tool),
Point of Entry and Point of Exit surveys.

Instructor feedback: If you have any concerns with this class, you should first contact the instructor in order to resolve
the concern(s). If you are not satisfied with the solution offered by the instructor, you should then take your concern(s)
through the appropriate chain of command starting with the Coordinator, then the Dean and lastly the Vice President,
Academic for academic affairs.

Please make an appointment or visit during office hours with your instructor to review course related assignment
questions, or provide additional feedback. Correspondence after hours and on weekends will be responded to as soon
as possible.

Assessment feedback: You can expect assignment feedback within a week. It is a student's responsibility to check the
Moodle companion site for up-to-date course feedback and details.

COURSE TOPICS

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  Measuring the Performance of the Economy

 National Income, Employment and Fiscal Policy

 Money Monetary Policy and Economic Stability

 International Economics

INSTRUCTOR CREDENTIALS
Master's Degree

PERTINENT INFORMATION REGARDING WITHDRAWAL

Depending upon when the student withdraws, a grade of "W" (withdrawal) may be assigned in the course and a refund
may apply.

 A student withdrawal prior to 10% of the course length will result in no record of the course enrolment on the
student's academic transcript.

 A withdrawal greater than 10% and up to and including 95% of the course length will result in the course shown
as a "W" (withdrawal) grade on the transcript.

 A withdrawal greater than 95% of the course length will result in a "F" (failure) grade on the transcript.

Should a student decide to withdraw from a program or course for any reason whatsoever, the student must notify the
Instructor, Program Coordinator, Advisor or Counselor. Failure to complete the clearance procedure or return of textbooks
and materials can result in the withholding of the transcript, certificate, and/or diploma.

** TO DROP A CLASS A STUDENT MUST COMPLETE THE APPROPRIATE FORMS.

RULES OF CONDUCT
Classroom:

Student progress is closely linked to the commitment and engagement within the learning process. In order for students
to succeed academically and to receive the full benefits of their learning situation, students are expected to involve
themselves and participate fully in the process of their educational program.

 Students are expected to act in a professional and respectful manner to other students and instructors

 Profanity and harassment will not be accepted and could result in disciplinary action.

 Cell phones are not permitted to be used in class unless otherwise specified by the instructor.

 The minimum attendance requirements for students are as follows: CodeCore defines poor attendance as being
below 70% for any course.

 Maintain academic integrity

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  Complete all assignments and examinations on the scheduled completion dates.

 Speak English in classes and ensure an inclusive learning environment for others.

 Students are expected to be in class on time and remain in class for the full lesson.

STUDENT STRATEGIES
STUDENT ATTENDANCE:

Class attendance is useful for two reasons. First, class attendance maximizes a students’ learning experience. Second,
attending class is a good way to keep informed of matters relating to the administration of the course (e.g. the timing of
assignments and exams). Ultimately, you are responsible for your own learning and performance in this course.

STUDENT'S PREPARATION:

Pre-reading

Ensure that you do the pre-reading early, so that you have time to think about what you have read before the exam and
before the class if you wish.

Preparing questions

Make a note of anything you are not clear about, and prepare a question to ask early in the class to clarify your
understanding. This will demonstrate your interest in the topic and indicate to the instructor that you have done the
required reading.

Preparing responses

When you read, try to engage with the ideas critically and actively. Make a note of any ideas about which you have strong
opinions, positive or negative. Think about how you would refer to these ideas during the class, or express your views
about them. What language would you use?

Note-taking during discussions and class time

Classes can be a very useful source of ideas on a topic, not only from the instructor but also from other participants. Make
a note of any ideas which may be useful to you in writing assignments or broadening your reading. In most small classes
there is an expectation that you will contribute actively to the discussion and not simply be a 'silent participant'.
In some courses, marks are given for active participation in class.

Learn people's names

Make a conscious effort to learn – and use – the names of all the other people in the class. This includes the students at
the alternate site while using video conferencing.

Using visualization

Every class you attend is also a preparation for the next class. At the end of a class, play it back in your mind, not just for
the content and ideas, but remembering responses and the sort of language used. Then, before the next class, think about
the questions and comments you have thought of and visualize in your mind how the discussion will go. Most
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importantly, imagine yourself taking part: using people's names, getting their attention, asking questions and commenting
on what you've read and on what other people are saying. The more positively you do this, the more it will help you in
class.

Student presence online

You should log into your Moodle course on a continual basis. Within the Moodle course there are resources that are
critical for your success in the course. The Moodle course may also include activities like forums, quizzes, and
assignment drop boxes. You will also go into your Moodle course to locate your grades and communicate with your
instructor and other classmates.

TRANSFER OF CREDIT INFORMATION

Transfer credit listed on the ACAT (Alberta Council on Admissions and Transfer) website will be approved for transfer credit
to Portage College. Specific credit awards to a program are subject to the requirements and regulations of the admitting
program, and may vary from the total credit awarded by Portage College. To determine if this course transfers
to other institutions refer to the ACAT website.

SYLLABUS CHANGES
The instructor reserves the right to change class times, due dates of assignments and exams based on the timeline of the
class, feedback from learners and/or logistical issues. Learners will be informed as soon as a change is made.

COLLEGE STUDENT GUIDELINES

All registered students will have access to the Student Guidelines Moodle site that contains all relevant Portage College
guidelines. Students are responsible for reviewing and adhering to these guidelines.

SCHEDULE

Date/Session Content

Week 1 Chapter 1-4 review

TEN PRINCIPLES OF ECONOMICS
Chapter 3 - The Production Possibilities Frontier
Chapter 5 - Measuring a Nation's Income
Key economic measures:
Inflation
Unemployment
Economic growth

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Week 2 Chapter 6 - Measuring the Cost of Living
The consumer price index When CPI rises
the CPI Basket
Calculate the Consumer Price Index
The inflation rate
Calculate the Inflation Rate
Other Price Indexes

Week 3 Chapter 7 - Production and Growth

Economic Growth
Production and Growth
Determine the Productivity
Economic Growth Public Policy

Week 4 Chapter 8 - Saving, Investment, and the Financial System

Financial Institutions in Canadian Economy
Financial markets
Financial intermediaries

Week 5 Chapter 9 - Unemployment and Its Natural Rate

How is unemployment measured?
What problems arise in interpreting the unemployment data?
How long does the typical spell of unemployment last?

Week 6 Chapter 10 - The Monetary System

In this chapter, the role of money in the economy is explored.
What is money?
What are the various forms of money?
The banking system creates money.
How does the government control the quantity of money in circulation?

Week 7 Midterm Week

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Week 8 Chapter 11 - Money Growth and Inflation
What determines whether an economy experiences inflation and, if so, how much?
Inflation: increase in the overall level of prices
Deflation: fall in the overall level of prices

Week 9 Chapter 14 - Aggregate Demand and Aggregate Supply

Economic activity—fluctuates from year to year
Recession: a period of falling incomes & rising unemployment
 2 quarters of negative growth
Depression: a severe recession
 2 years of negative growth
Explaining Short-run Fluctuations
Explaining long-run Fluctuations
Aggregate-Supply and demand Curve Might Shift

Week 10 Chapter 15 - The Influence of Monetary Policy on Aggregate Demand

The wealth effect
The interest rate effect
The real exchange rate effect

Week 11 Chapter 16 - The Influence of Fiscal Policy on Aggregate Demand

Fiscal Policy
 level of government spending and taxation by policymakers

Week 12 Chapter 18 - Five Debates over Macroeconomic Policy

1) Should Monetary And Fiscal Policy Makers Try To Stabilize The Economy?
2) Should An Independent Central Bank make monetary Policy?
3) Should The Central Bank Aim For Zero Inflation?
4) Should governments balance their budgets?
5) 5) Should tax laws be reformed to encourage saving?

Week 13 Chapter 12 - Open-Economy Macroeconomics

Closed economy-economy that does NOT interact with other economies
Open economy-economy that interacts freely with other economies
This interaction can take two forms:
World Market for Goods and Services

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Week 14
Chapter 12 (Continued) - Open-Economy Macroeconomics
World Financial Markets for Financial Assets
This interaction can take two forms:
World Market for Goods and Services
World Financial Markets for Financial Assets

Week 15 Final Exam Review

Week 16 Final Exam Week

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