Macroeconomic Principles

Course Details

Course Number: 2333  Section Number: 102

Fall 2010

Location: Dillard College of Business Administration

Classroom Number: 177

Days & Times:

11:00a - 12:20p

Course Attachments

Syllabus  syl-309103MWS-2010-Fall-ECON2333-20100825-134959.docx


MSU Faculty Member
Dr. James Owen   
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Course Objectives

General Learning Goals:

 Upon successful completion of this course, students should be able to:

1)  Demonstrate problem solving and decision making abilities through the critical analysis, evaluation, and interpretation of business information.

2)  Demonstrate a competency in speaking and writing for common business scenarios.

3)  Have an understanding of the influence of global and multicultural issues on business activities.

Course Expectations

Course Specific Learning Goals:

 Upon successful completion of this course, students should be able to:

1)  Have acquired factual knowledge about economic terminology, methods, and trends.

2)  Understand basic economic principles necessary for thinking critically about the economizing problem, specific macroeconomic issues, and available public policy alternatives.

3)  Understand how to apply economic principles in the contexts of business, government, politics, and society.

4)  Recognize the importance of economics with respect to private and public decisions.

5)  Have basic tools to evaluate economic options and changes from the perspective of an informed voter and member of society.

Grading Standards

Grading and Evaluation:

 Grades will be based on student performance and achievement as measured by a series of homework assignments, unannounced quizzes, and examinations.  The relative value of each is:

Unannounced and scheduled quizzes:                                            10%

Average of homework assignments:                                                25%

Examination grades:                                                                         45%

Class participation                                                                            10%

Assignment presentation*                                                                10%


* This factor is based on how your assigned work in the class appears (e.g. is it legible, logical, and well articulated using correct grammar, etc.).


An optional comprehensive final exam will be given.  This exam will be the make-up exam for those individuals who, for one reason or another, miss one of the mid-term exams.  For all students who take the final exam, the achieved grade will replace the lowest mid-term exam score that is recorded.




Exams will be given electronically, typically at the conclusion of each textbook unit division.  Specific instructions will be included for each exam, but in general, each exam will include randomly selected multiple choice questions along with appropriate problems, short – answer essay questions, and/or multi-part essay questions. 


There will be no make-up for the exams. It is the student’s responsibility to know when and where exams will be available. The comprehensive final exam will serve as the make-up exam for this class.  The final exam is scheduled for Monday, 06 DEC 10 from 10:30 am to 12:30 pm.




Student participation is very important for this course. Therefore participation credits are assigned to encourage students to attend classes and engage in class discussion. Participation grade depends on the following factors:

  • Attendance
  • Performance on raising and answering questions in class
  • Performance on raising and answering questions on WEBCT discussion boards


Students with outstandingly good participation can earn up to 10 points of participation grades, while students that seldom participate or are disruptive to class may get zero participation grade. There is no guarantee that a student attending every class will automatically receive the full credit of class participation.


For the record keeping purpose, each class period a roll sheet will be passed through the class and students need to make sure that they sign on the roll sheet. Signing any other student’s name on the roll sheet is considered as a disruptive conduct in this course. A student who needs to leave the classroom early must ask the instructor for an approval before the class.  

Submission Format PolicyNote: You may not submit a paper for a grade in this class that already has been (or will be) submitted for a grade in another course, unless you obtain the explicit written permission of me and the other instructor involved in advance.

Plagiarism Policy Plagiarism is the use of someone else's thoughts, words, ideas, or lines of argument in your own work without appropriate documentation (a parenthetical citation at the end and a listing in "Works Cited")-whether you use that material in a quote, paraphrase, or summary. It is a theft of intellectual property and will not be tolerated, whether intentional or not.

Student Honor Creed

As an MSU Student, I pledge not to lie, cheat, steal, or help anyone else do so."

As students at MSU, we recognize that any great society must be composed of empowered, responsible citizens. We also recognize universities play an important role in helping mold these responsible citizens. We believe students themselves play an important part in developing responsible citizenship by maintaining a community where integrity and honorable character are the norm, not the exception. Thus, We, the Students of Midwestern State University, resolve to uphold the honor of the University by affirming our commitment to complete academic honesty. We resolve not only to be honest but also to hold our peers accountable for complete honesty in all university matters. We consider it dishonest to ask for, give, or receive help in examinations or quizzes, to use any unauthorized material in examinations, or to present, as one's own, work or ideas which are not entirely one's own. We recognize that any instructor has the right to expect that all student work is honest, original work. We accept and acknowledge that responsibility for lying, cheating, stealing, plagiarism, and other forms of academic dishonesty fundamentally rests within each individual student. We expect of ourselves academic integrity, personal professionalism, and ethical character. We appreciate steps taken by University officials to protect the honor of the University against any who would disgrace the MSU student body by violating the spirit of this creed. Written and adopted by the 2002-2003 MSU Student Senate.

Students with Disabilities The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Disability Support Services in Room 168 of the Clark Student Center, 397-4140.

Safe Zones Statement The professor considers this classroom to be a place where you will be treated with respect as a human being - regardless of gender, race, ethnicity, national origin, religious affiliation, sexual orientation, political beliefs, age, or ability. Additionally, diversity of thought is appreciated and encouraged, provided you can agree to disagree. It is the professor's expectation that ALL students consider the classroom a safe environment.

Contacting your Instructor All instructors in the Department have voicemail in their offices and MWSU e-mail addresses. Make sure you add your instructor's phone number and e-mail address to both email and cell phone lists of contacts.

Attendance Requirements

Students are expected to attend all class meetings for this course, following the university attendance policy.  (See Midwestern State University Undergraduate Catalog, Vol. LXXVII, p. 85 & p. 90).  Each meeting of the class will run as scheduled.  So as not to disturb the class, you are not to walk in and out of the classroom during the class hour except for an emergency.

 Students are expected to attend class and participate in discussions.  Students who are absent for three (3) consecutive class sessions may be dropped from the class with a “WF”.  Meaningful participation in discussions will require that assigned materials and projects be completed before the class in which they are considered.  Assignments are to be turned in at the beginning of class.  Assignments turned in late (after the first 5 minutes of the class period in which they are due) will be accepted for grading, provided they are submitted before solutions are posted.  Late submissions may be subject to a potential penalty equal to no more than 12% of the grade earned.  Make-up quizzes will not be given, even if an absence is determined to be excused.  

Other Policies

Other Course Policies


1) Please bring a calculator to class.

2) Please do not use your communication device(s) during the class.

3) It is obviously in a student’s best interests to attend class regularly. The materials are cumulative in nature, so if a student misses some lectures, she or he will not make sense out of subsequent lectures. In addition, she/he potentially loses opportunities to earn quiz credits in the event of an absence. So skip at your own risk!

4) Students are expected to read the class material before and after the scheduled classes.

5) Announcements not made in class will be posted online through WebCT. Students have the responsibility to check the postings regularly.

6) Video, audio, and image recording other than taking hand-written or typed notes in the classroom is not allowed without the prior consent of the instructor. Redistribution of course material prepared by the instructor in any form outside this class is not allowed.



Academic Integrity


Students shall follow the “Student Honor Creed” on p. 4 of the Midwestern State University Student Handbook (2009-2010). A student who commits academic dishonesty is subject to conduct sanctions (Please see p. 71 Item 11 of the Handbook for the definition of Academic Dishonesty, p. 73 and p. 74 for Conduct Sanctions, and p. 75 Section 4 for the Academic Misconduct Procedures).




Midwestern State University Student Handbook (2009-2010) and Undergraduate Catalog (2008-

2010), respectively, at and




Extensive use of the MSU Blackboard/WebCT program is a part of this course.  Each student is expected to become familiar with this program as it provides a primary source of communication regarding assignments, examination materials, and general course information.   You can find access to the system through the MSU homepage.  If you experience difficulties using it, please contact the technicians listed for the program or contact your instructor. 


Important Dates for Fall 2010 term:


Last day for fall term schedule changes:  25 AUG 10                         

Deadline to apply for graduation in December 2010: 04 OCT 10


Academic Integrity:


With regard to academic honesty, students are referred to the “Student Honor Creed” on p. 22-23 of Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 1.


Americans with Disabilities Act:


This class follows the guidelines suggested by the Center for Counseling and Disabilities Services for those students who qualify for disability services.  See Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 2, p. 26.


Electronic Class Supplements:Several electronic class supplements are under consideration and will be introduced as they are selected.


Syllabus Change Policy:  This syllabus is a guide for the course and is subject to change.  All changes will be announced in class and students will be responsible for incorporating the changes into the syllabus.

Writing Proficiency Requirement All students seeking a Bachelor's degree from Midwestern State University must satisfy a writing proficiency requirement once they've 1) passed English 1113 and English 1123 and 2) earned 60 hours. You may meet this requirement by passing either the Writing Proficiency Exam or English 2113. Please keep in mind that, once you've earned over 90 hours, you lose the opportunity to take the $25 exam and have no option but to enroll in the three-credit hour course. If you have any questions about the exam, visit the Writing Proficiency Office website at, or call 397-4131.