DELAWARE COUNTY COMMUNITY COLLEGE

DELAWARE COUNTY COMMUNITY COLLEGE

SOCIAL SCIENCE AND PUBLIC SERVICE

SYLLABUS

This is a general syllabus for your information. To receive the one for your specific class call your instructor. You will receive a hard-copy for your class in the mail after registering for the distance learning course.

Professor Ali A. Ataiifar
Macroeconomic Principles (ECO 210)

Telephone: 359-7360
Office: Room 3311

REQUIRED TEXTBOOK: See the instructor.

RECOMMENDED MATERIALS:

1. Robert L. Heilbroner, The Worldly Philosophers, Touchstone Books, 1986, 6th ed.*

2. Lester Thurow, Head to Head, William Morrow & Co., Inc., 1992.

3. William Greider, Secrets of the Temple, Simon & Schuster, 1987.

4. "The Wall Street Journal";"Fortune" magazine; or any other financial magazine or newspaper. See your instructor for the subscription forms.

COURSE COMPETENCIES:

Successful completion of this course should enable the student to verbally, graphically and mathematically:

Show how economic resources and goals relate to a price system based on supply and demand.
Explain how the economy can be assessed through national income accounts (GDP,NI,PI,DI).
Identify and evaluate the economic consequences of different trade policies.
Explain how fixed and flexible exchange rates influence Balance of Payments accounts: the Current-Account, the Capital-Account and the Official Reserve Account.
Assess the significance of international trade and finance for the U.S. and world economies.
Evaluate economic instability and fiscal policy through classical Keynesian and monetarist models.
Explain how financial markets, the Federal Reserve System and the banking system interrelate in monetary policy.

PREREQUISITE: Developmental Mathematics (MAT. 060) or equivalent placement test score.

*This is a non-technical book with no graphs or mathematical formulas. It talks about the lives, times and ideas of the great economic thinkers.

COURSE GRADING:

Homework/Participation 10%

Quizzes 20%

First Exam 20%

Second Exam 20%

Final Exam 30%

GRADING SCALE:

90-100 A

80-89 B

70-79 C

60-69 D

Below 60 F

THERE ARE NO MAKE-UP EXAMS! Only the lowest Quiz grade will be dropped.

HOMEWORK/PARTICIPATION:

There will be some homework assignments from the textbook at the end of each class. These assignments will be discussed in the beginning of the next class. Students are encouraged to participate in the discussion by relating and expressing their own views about economic issues and problems. In these discussions I will, at random, call upon students to provide their answers to the assigned questions. Failure to provide a related answer will result in reduction of student's grade by one point.

STUDY GUIDE:

Students are encouraged to answer the questions in the Study Guide corresponding to each chapter in the textbook. Answers to these questions are provided at the end of each chapter. A copy of the study guide is on reserve in the library.

ATTENDANCE:

See page 12 of the DCCC Student Handbook. Lateness and/or leaving the class early without obtaining prior permission will result in reduction of your grade by 1 point. Students are held responsible for all materials and assignments discussed and covered in the class; including those he/she might have missed because of not being in attendance

** Final exam will be semi-comprehensive. There will be no make-up exams or quizzes.

Only the lowest quiz grade will be dropped.

DEADLINE FOR WITHDRAWALS IS: Please call the Records office. IF YOU DECIDE TO WITHDRAW FROM THE COURSE, YOU MUST CONTACT THE RECORDS OFFICE, AND FILL OUT THE APPROPRIATE FORMS FOR THIS PURPOSE.

Macroeconomics Principles ECO 210

COURSE CONTENTS:

I. An Introduction to Economics and the Economy

1. The Nature and Method of Economics