Principles of Macroeconomics: Econ 202 - Fall 2004

Class Time/Location	Instructor
Section 1 meets from 2pm to 2:50pm MWF in Rotunda B. Section 2 meets from 3pm to 3:50pm MWF in Rotunda B.	Scott Fausti <SCOTT_FAUSTI@SDSTATE.EDU> 688-4868

Office Hours/Location
Scobey Hall: room 104.
Office hours: Thur and Fri at 4pm to 5pm, or by appointment!

Course Description

This course is an introduction to macroeconomic analysis and policy. The objective of the course is to develop student skills that will enable the student to analyze macroeconomic issues clearly and critically. I will introduce students to the methods and tools used in economic analysis, and they will apply these analytic tools to questions of current policy interest. It is my goal to have students develop an intuitive understanding of how our economy interacts with American society and the global economy.

Class Info

Course Grading and Requirements: There will be a multiple choice midterm and a final exam, each exam will contribute 30% to your final grade. Makeup exams are essay. Weekly online quizzes will contribute 40% to your final grade. The quiz procedure will be explained in class.

Exam Schedule: Midterm is scheduled for Oct 22 and will be give during the regular class period. The final exam is tentatively scheduled for Wednesday, December 15 at 7pm in Rotunda D.

Grading Procedure: The scheduled exams and quizzes will determine the course grade. Course grades will be determined by a modified scale. A: 90% B: 80% C: 65% D: 55%

South Dakota BOR Requirements:

BOR System GOAL 3: Students will understand the organization, potential, and diversity of the human community through study of the social sciences.

Student Learning Outcomes (SLO): As a result of taking this course, students will:

1. Identify and explain basic concepts, terminology and theories of the selected social science disciplines from different spatial, temporal, cultural and/or institutional contexts by:
a. explaining and using basic macroeconomic principles to solve homework and exams problems.

2. Apply selected social science concepts and theories to contemporary issues by:
a. applying basic macroeconomic principles on exams to analyze current economic issues;
b. applying basic macroeconomic principles during class discussions to explain current economic problems.

3. Identify and explain the social or aesthetic values of different cultures by:
a. explaining during class room discussions the basic macroeconomic principles of comparative advantage and opportunity cost and how they are related to different countries and cultures;
b. demonstrating on exams how different countries and cultures optimize scarce resources to maximize society’s welfare.

4. Demonstrate a basic understanding of the allocation of human or natural resources within societies by:
a. applying basic macroeconomic principles of productive efficiency and (resource) allocation efficiency to the economic problems of economic growth, employment, and price stability to provide students insight how a capitalist market economy functions.

> "If you are a person with a disability and anticipate needing any type of
> accommodation in order to participate in this class, please inform me and
> make the appropriate arrangements with the Office of Disability Services
> (ODS). The Office of Disability Services is located in 110 West Hall. To
> schedule an appointment call (605) 688-4504 and request to speak with
> Nancy L. Schade the Coordinator of Disability Services."
>