Syllabus

Principles of Macroeconomics

1188-FIU01-ECO-2013-SECRVD-83548

    General Information

    Professor Information

    Professor Photo
    Badi Sabet
    By Appointment via Adobe Connect; Use Canvas Inbox to request an appointment
    954-288-0175 (No calls after 10 pm EST)
    Please use Canvas Inbox
    VH-136 (MMC)
    Nelson Sotomayor; 
    nsoto018@fiu.edu 

    Course Description And Purpose

    The course covers all macroeconomic principles, their functions and interaction. It also covers governmental intervention in our aggregate economy. It discusses monetary and fiscal policies, the role of central banking, intermediaries, supply and demand, and the business cycle. 

    Course Objectives

    Students will be able to:

    • Explain how the aggregate economy operates
    • Describe the operation of market forces such as demand and supply, elasticities, and general equilibrium
    • Discuss the role of the government in the economic system in relation to enterprising
    • Identify potential GDP versus actual, and the trade-off between unemployment and inflation
    • Explain the monetary system (expansionary/contractionary), the role of the Federal Reserve, money supply determination, and fiscal policy
    • Illustrate the business cycle and aggregate supply/aggregate demand model

    Course Awards



    Quality Matters

    This certification mark recognizes that this course met Quality Matters review standards.

    Important Information

    Policies

    Please check this section carefully before you proceed to read the rest of the syllabus.

    1. This is a fully online course which provides flexibility within limits.
    2. If you take a vacation or business trip, you still need to fulfill your responsibilities with regard to assignment (essays or discussions) and exam deadlines.
    3. I will not elevate the final average to the next highest decimal, even if it is a minuscule amount.
    4. Please read the Syllabus carefully, line by line and ensure that you submit assignments timely and allow sufficient time to take your exams (do not start your exam at 11:00 pm, or submit your assignment at 11:29 pm).

    Please review the policies page as it contains essential information regarding guidelines relevant to all courses at FIU and additional information on the standards for acceptable netiquette important for online courses.

    Technical Requirements and Skills

    One of the greatest barriers to taking an online course is a lack of basic computer literacy. By computer literacy we mean being able to manage and organize computer files efficiently, and learning to use your computer's operating system and software quickly and easily. Keep in mind that this is not a computer literacy course; but students enrolled in online courses are expected to have moderate proficiency using a computer. Please go to the "What's Required" webpage to find out more information on this subject.

    Please visit our Technical Requirements webpage for additional information.

    Accessibility And Accommodation

    The Disability Resource Center collaborates with students, faculty, staff, and community members to create diverse learning environments that are usable, equitable, inclusive and sustainable. The DRC provides FIU students with disabilities the necessary support to successfully complete their education and participate in activities available to all students. If you have a diagnosed disability and plan to utilize academic accommodations, please contact the Center at 305-348-3532 or visit them at the Graham Center GC 190.

    Please visit our ADA Compliance webpage for information about accessibility involving the tools used in this course.

    Please visit the LMS Accessibility webpage for more information:

    For additional assistance please contact FIU's Disability Resource Center.

    Panthers Care & Counseling and Psychological Services (CAPS)

    If you are looking for help for yourself or a fellow classmate, Panthers Care encourages you to express any concerns you may come across as it relates to any personal behavior concerns or worries you have, for the classmate’s well-being or yours; you are encouraged to share your concerns with FIU’s Panthers Care website: http://PanthersCare.fiu.edu/.

    Counseling and Psychological Services (CAPS) offers free and confidential help for anxiety, depression, stress, and other concerns that life brings. Learn more about CAPS at caps.fiu.edu. Professional counselors are available for same-day appointments. Don’t wait to call 305-348-2277 to set up a time to talk or visit the online self-help portal.

    Academic Misconduct Statement

    Florida International University is a community dedicated to generating and imparting knowledge through excellent teaching and research, the rigorous and respectful exchange of ideas and community service. All students should respect the right of others to have an equitable opportunity to learn and honestly to demonstrate the quality of their learning. Therefore, all students are expected to adhere to a standard of academic conduct, which demonstrates respect for themselves, their fellow students, and the educational mission of the University. All students are deemed by the University to understand that if they are found responsible for academic misconduct, they will be subject to the Academic Misconduct procedures and sanctions, as outlined in the Student Handbook.

    Academic Misconduct includes: Cheating – The unauthorized use of books, notes, aids, electronic sources; or assistance from another person with respect to examinations, course assignments, field service reports, class recitations; or the unauthorized possession of examination papers or course materials, whether originally authorized or not. Plagiarism – The use and appropriation of another’s work without any indication of the source and the representation of such work as the student’s own. Any student who fails to give credit for ideas, expressions or materials taken from another source, including internet sources, is responsible for plagiarism.

    Learn more about the academic integrity policies and procedures as well as student resources that can help you prepare for a successful semester.

    Course Prerequisites

    There are no prerequisites for this course.

    For all FIU students admitted to the College of Business in the Fall 2016 and later terms, the GPA earned for the seven Common Prerequisite Course (or equivalents) credit hours must be 2.5 or higher. Additionally, students must earn a “C” or higher in each of the seven lower-division Common Prerequisite Courses (or equivalents). Each of these seven courses cannot be attempted more than twice. Drops after the add/drop period, which result in a DR grade, are considered an attempt in the course and count as an unsuccessful enrollment.
     
    Students admitted to a College of Business program in the Fall 2016 and later terms (a) failing to complete the seven Common Prerequisite Courses (or equivalents) with a 2.5 or higher, or (b) failing to pass any of the seven Common Prerequisite Courses (or equivalents) in two attempts, can no longer continue to pursue any major within the College of Business.

    Proctored Exam Policy

    The professor reserves the right to require proctored make-up exams if necessary. See Missed Exam Policy section further below.

    Textbook

    Textbook Image
    Principles of Macroeconomics
    Steven A. Greenlaw, Timothy Taylor, David Shapiro
    Openstax, 2nd Edition, 2017
    ISBN-10: 1947172395
    ISBN-13: 9781947172395
    You may purchase your textbook online at the .

    Good news: your textbook for this class is available for free online, in web view and PDF format! You can also order a print version, if you prefer, from OpenStax on Amazon.com.

    You can view all book details on Openstax's website. From there you can view the textbook online, view a PDF of the textbook, and/or order a print copy of your textbook.

    ou can use whichever formats you want. Web view is recommended -- the responsive design works seamlessly on any device. If you buy on Amazon, make sure you use the link above so you get the official OpenStax print version. (Simple printouts sold by third parties on Amazon are not verifiable and not as high-quality.)

    Expectations Of This Course

    This is an online course, which means most (if not all) of the course work will be conducted online. Expectations for performance in an online course are the same for a traditional course. In fact, online courses require a degree of self-motivation, self-discipline, and technology skills which can make these courses more demanding for some students.

    Students are expected to:

    • Review the How to Get Started information located in Modules
    • Introduce yourself to the class during the first week by posting a self introduction in the appropriate discussion forum
    • Take the practice quiz to ensure that your computer is compatible with Canvas
    • Interact online with instructor and peers
    • Review and follow the course calendar
    • Log in to the course daily
    • Respond to discussion boards by the deadline
    • Respond to messages daily
    • Submit assignments by the corresponding deadline

    The instructor will:

    • Log in to the course daily
    • Respond to discussion boards during and after the deadline
    • Respond to messages daily, otherwise students will be notified
    • Grade assignments within 3-7 days of the assignment deadline, based on the number of enrollees

    Course Detail

    Course Communication

    Communication in this course will take place within Canvas. See the Canvas Guide on communicating with course users for more information.

    Adobe Connect Office Hours

    Adobe Connect is an online meeting room where you can interact with your professor and fellow students by sharing screens or files, chat, broadcast live audio, and take part in other interactive online activities. We will be utilizing this tool to conduct office hours.

    Meetings will be available by appointment.

    Requirements for using Adobe Connect:

    • Disable any window pop-up blocker.
    • Adobe Flash Player is required to successfully run your Adobe Connect meeting. You can test your computer to make sure your computer and network connections are properly configured to provide you with the best possible Adobe Connect meeting experience.
    • Use of a combination headset and microphone with USB connection is recommended to ensure quality sound and reduce technical difficulties.

      Reference Adobe Connect (Tutorials & Help) for additional information.

    Recommended Readings

    Articles

    Students are encouraged to go online or visit the library of their choice and read recent economic journals and articles in the Wall Street Journal related to economic matters.

    Student Bio Activity & Successful Online Student Activity

    Student Bio Activity

    During the first week of class, every student should create his/her own student bio using the course's Discussion Forum, which can be accessed from the left-hand navigation menu.

    You are encouraged to include following in your bio: name, status in your current program, educational background to date, the reason you take this course, your expectation of this course, your experience with any aspect of online learning, work experience, career plans, and personal plans. (No longer than 500 words). You all have a choice of attaching your digital picture (optional).

    Successful Online Student Activity

    Think about important factors that contribute to being successful in an online course. List five most important factors from your perspective and explain how those factors can help you to be successful in this course.
    The following articles can help you decide:

    This activity should be posted on the Discussion Forum in the "Successful Online Students" category.

    Discussion Forums

    There will be three discussion forums (12 points total, 4 points each)

    Students will be discussing important economic topics and their effect on today’s society. Please go to the Discussion Forum to see the topics.

    If plagiarism occurs, the consequence at a minimum is receiving an F for the course. You need to format your answers according to the instructions (exactly) given below. Any violation will result in a point deduction.

    Expectations:

    • Conduct your own research
    • Provide a minimum of three (3) references, excluding the textbook
    • Provide a minimum of three (3) feedbacks to other students' submissions
    • Each feedback must be 50-75 words
    • Identical feedback will not be graded​

    ​​Edit: Discussion 3 will be submitted using Turnitin to check the originality of your submission. The Discussion 3 dropbox is located in Module 4 along with more information about Turnitin on Canvas.

    Note: Discussion boards will only be available during the time stated in the course calendar and cannot be made up.


    Discussion Rubric

    Criteria Scale
    Initial Response 0-2 Points
    3 Feedback Responses to Peers 0-1 Point
    3 References 0-1 Point

    Exams

    There will be four exams (88 points total, 22 points each). All exams are fully online.

    A total of four exams, (please click on the "Assessments" link on the left-hand side navigation bar for dates and times). All exams consist of 50 multiple-choice questions. Each exam will be available for one day from 12:00am to 11:30pm, ET. Once you open an exam, you will have 90 minutes to complete and submit it.

    IMPORTANT: Although you will be allowed to begin your exam at any time before 11:30pm, IT WILL BE AUTOMATICALLY SUBMITTED AT 11:30PM BY THE SYSTEM.

    If you need help understanding the materials, you can always go to the Tutoring Center, which is located at VH-136.

    Exams Weight Chapters
    Exam 1 (22 points of total grade) Chapters 1, 2, 3, 4
    Exam 2 (22 points of total grade) Chapters 5, 6, 7, 8
    Exam 3 (22 points of total grade) Chapters 9, 10, 11, 12
    Exam 4 (22 points of total grade) Chapters 13, 14, 15, 16

    Exams are not cumulative. Students are to work alone. Questions will be randomized and taken from a pool, therefore collaboration is not allowed. To successfully complete the exam on a timely basis, be familiar with the content. If you want to review your results,  you MUST go to the professor's office hours. No exam results will be available online.

    In order to mitigate any issues with your computer and online assessments, it is very important that you take the "Practice Quiz" from each computer you will be using to take your graded quizzes and exams. It is your responsibility to make sure your computer meets the minimum hardware requirements.

    Missed Exams Policy

    You can make an appointment with me to discuss any problem that you might have before the exam, and I will be very glad to answer your questions and help you as much as I can.

    A missed exam must have a documented excuse. It will be up to the professor to grant a make-up exam based on the excuse. 

    If a student does not have a legitimate excuse for missing an exam, it will be up to the professor to determine whether or not a make-up exam will be allowed, and the manner and location in which the exam will be administered.

    Any requests for a make-up exam must be brought to the professors attention within 72 hours of the missed exam.

    Grading

    Course Requirements Points
    Exam 1 22
    Exam 2 22
    Exam 3 22
    Exam 4 22
    Discussion 1 4
    Discussion 2 4
    Discussion 3 4
    Total 100
    Letter Grade Range Letter Grade Range Letter Grade Range
    A 90 - 100 B 77 - 80 C 66 - 68
    A- 86 - 89 B- 73 - 76 D 60 - 65
    B+ 81 - 85 C+ 69 - 72 F 0 - 59

    Course Calendar

    Weekly Schedule

    Module/Dates Tasks

    Module 1

    Aug. 20 - Sept. 16

    First: review the How to Get Started information located in Modules

    Content
    • Chapter 1 - Welcome to Economics!
    • Chapter 2 - Choice in a World of Scarcity
    • Chapter 3 - Demand and Supply
    • Chapter 4 - Labor and Financial Markets

    Assignments and Assessments

    • Student Bio Activity due Sunday, Aug. 26 at 11:30pm ET
    • Successful Online Student Activity due Sunday, Aug. 26 at 11:30pm ET​
    • Exam 1 available on Sunday, September 16 from 12:00am - 11:30pm ET

    Important Dates

    • Classes begin: Monday, Aug. 20
    • Last day to add/drop without financial liability: Monday, Aug. 27
    • Labor Day Holiday (University Closed): Monday, Sept. 3
    Module 2
    Sept. 17 - Oct. 14

    Content

    • Chapter 5 - Elasticity
    • Chapter 6 - The Macroeconomic Perspective
    • Chapter 7 - Economic Growth
    • Chapter 8 - Unemployment

    Assignments and Assessments

    • Discussion 1 available Monday, Sept. 17 at 12:00am until Sunday, Sept. 23 at 11:30pm ET
    • Exam 2 Available on Sunday, Oct. 14 from 12:00am - 11:30pm ET

    Module 3
    Oct. 15 - Nov. 11

    Content

    • Chapter 9 - Inflation
    • Chapter 10 - The International Trade and Capital Flows
    • Chapter 11 - The Aggregate Demand/Aggregate Supply Model
    • Chapter 12 - The Keynesian Perspective

    Assignments and Assessments

    • Discussion 2 available Monday, Oct.15 at 12:00am until Sunday, Oct. 21 at 11:30pm ET
    • Exam 3 available on Sunday, Nov. 11 from 12:00am - 11:30pm ET
    Module 4
    Nov. 12 - Dec. 2
    Content
    • Chapter 13 - The Neoclassical Perspective
    • Chapter 14 - Money and Banking
    • Chapter 15 - Monetary Policy and Bank Regulation
    • Chapter 16 - Exchange Rates and International Capital Flows
    Assignments and Assessments
    • Discussion 3 available Monday, Nov. 12 at 12:00am until Sunday, Nov. 18 at 11:30pm ETExam 4 available on Sunday, Dec. 2 from 12:00am - 11:30pm ET
      • ​​Edit: Discussion 3 will be submitted using Turnitin to check the originality of your submission. The Discussion 3 dropbox is located in Module 4 along with more information about Turnitin on Canvas.

    Important Dates

    • Veterans Day Holiday (University Closed): Monday, Nov. 12
    • Thanksgiving Holiday (University Closed): Thursday, Nov. 22 & Friday, Nov. 23