Syllabus
UNE Summer Session
ECON 1011: Macroeconomics – Summer Session – 6 Weeks
Credits - 3
Description
This course introduces students to macroeconomics, the study of the economy as a whole. Students will learn about the key macroeconomic indicators of GDP, unemployment, and inflation, and then apply these concepts to analyze economic behavior. The topics covered in this course include choice and scarcity; supply, demand, and its applications; GDP and economic growth; unemployment and inflation; the aggregate demand-aggregate supply model; Keynesian economics and Neoclassical economics; fiscal policy; money and banking; monetary policy; policy applications; globalization and trade; exchange rates and international finance; and Inequality, Poverty and Discrimination.
Materials
Learning Objectives and Outcomes
Course Outcomes
Upon completion of this course, students should be able to:
- Explain the role of scarcity, specialization, opportunity costs in economic decision-making.
- Identify the determinants of supply and demand and demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and quantity.
- Define GDP, economic growth, and identify sources of economic growth.
- Describe unemployment rate and inflation rate and use them to analyze the economy in quantitative terms.
- Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems.
- Describe aggregate demand in Keynesian analysis and policy implications of the Neoclassical perspective.
- Define money and money supply; describe the process of money creation by the banking system, and analyze the role of money, credit, and Federal Reserve.
- Apply the principle of comparative advantage to international trade and evaluate the impact of exchange rates to domestic economic activity.
- Analyze government spending, taxation and fiscal policy, and the impact of government borrowing.
- Analyze fiscal and monetary policy decisions to counter business cycles fluctuations by using macroeconomic models.
- Describe absolute and comparative advantage and analyze the effects of barriers to international trade.
- Describe protectionism, and analyze international trade and its effects on jobs, wages and working conditions, and the tradeoffs of trade policy.
- Define Inequality, poverty and discrimination and explain their patterns in the U.S.
Assignments
FINAL EXAM
The final exam account for 30% of your grade and is designed to review important concepts found in the module materials.
The final exam will be timed and proctored. The University of New England has contracted with ProctorU to provide students with the most convenient online exam proctoring system. Upon enrollment into the course, you will register with ProctorU and establish a login name and password. This will give you access to all of ProctorU’s services.
When you’re ready, you will schedule your exam time with ProctorU at least 72 hours prior to taking the exam. Please refer to the full requirements for proctored exams in the Policies section below. You must purchase a UNE Compliant External Webcam to take your proctored examinations. Remember to order your webcam at least three weeks prior to scheduling your first proctored exam.
The exams are closed book, closed notes, and no additional resources may be used during the exam session.
This will be a cumulative exam. Two attempts will be available for this exam.
KNOWLEDGE CHECKS – PRACTICE QUIZZES
Module quizzes should help evaluate your performance and readiness to take the exams. Quizzes are assigned for every module covered in the course. Collectively, quizzes account for 30% of your final grade. You will have 15 quizzes, two attempts for each quiz. You will have 90 minutes to complete each attempt.
WORKSHEETS – ASSIGNMENTS
For each of modules 1-14, there will be a worksheet. It is recommended that for each module, you read any associated material posted until you are confident in your understanding of the material and then attempt the assigned worksheet. Collectively, worksheet assignments account for 28% of your final grade.
DISCUSSION BOARD POSTS
There will be five discussion board posts. You are required to create a new thread with a response to the question posted in the Forum Description. Once you create your thread, you will be able to view other threads in the forum by your classmates. You are then required to post a response to at least two of your classmates’ threads. Collectively, discussions account for 12% of your final grade.
Grading Policy
Your grade in this course will be determined by the following criteria:
Grade Breakdown
| Assignment | Grade Weight |
|---|---|
| Final Exam | 30% |
| Quizzes | 30% |
| Assignments | 28% |
| Discussion Questions | 12% |
| Total | 100% |
Grade Scale
| Grade | Points Grade | Point Average (GPA) |
| A | 94 – 100% | 4.00 |
| A- | 90 – 93% | 3.75 |
| B+ | 87 – 89% | 3.50 |
| B | 84 – 86% | 3.00 |
| B- | 80 – 83% | 2.75 |
| C+ | 77 – 79% | 2.50 |
| C | 74 – 76% | 2.00 |
| C- | 70 – 73% | 1.75 |
| D | 64 – 69% | 1.00 |
| F | 00 – 63% | 0.00 |
Schedule
Course Schedule
| Assignments | Due Dates | ||
| Week 1 |
|
Modules 1-3 Quizzes Modules 1-3 Assignments Week 1 Discussion |
Initial Discussion Posts: 11:59 PM EST on THURSDAY Response Discussion Posts, Assignments, and Quizzes: 11:59 PM EST on SUNDAY |
| Week 2 |
|
Modules 4-6 Quizzes Modules 4-6 Assignments Week 2 Discussion |
Initial Discussion Posts: 11:59 PM EST on THURSDAY Response Discussion Posts, Assignments, and Quizzes: 11:59 PM EST on SUNDAY |
| Week 3 |
|
Modules 7-9 Quizzes Modules 7-9 Assignments Week 3 Discussion |
Initial Discussion Posts: 11:59 PM EST on THURSDAY Response Discussion Posts, Assignments, and Quizzes: 11:59 PM EST on SUNDAY |
| Week 4 |
|
Modules 10-12 Quizzes Modules 10-12 Assignments Week 4 Discussion |
Initial Discussion Posts: 11:59 PM EST on THURSDAY Response Discussion Posts, Assignments, and Quizzes: 11:59 PM EST on SUNDAY |
| Week 5 |
|
Modules 13-15 Quizzes Modules 13-14 Assignments Week 5 Discussion |
Initial Discussion Posts: 11:59 PM EST on THURSDAY Response Discussion Posts, Assignments, and Quizzes: 11:59 PM EST on SUNDAY |
| Week 6 | Final Exam | Final Exam | Due 11:59 PM EST on FRIDAY |
Student Resources
Summer Session Online Student Support
Your Student Support Specialist is a resource for you. Please don't hesitate to contact them for assistance, including, but not limited to course planning, current problems or issues in a course, technology concerns, or personal emergencies.
Questions? Email: summersessiononline@une.edu.
Instructor and Support Contact Information
Check Brightspace for specific instructor and support specialist contact information.
UNE Libraries
- Library Access for all students: Your library login ID and password are the same as the ones you use to log into Brightspace.
- Library Questions: Ask a librarian or phone library staff at (207) 602-2361 or (207) 221-4330.
Further Assistance
Your student support specialist monitors course progression and provides assistance or guidance when needed. They can assist questions regarding ordering course materials, University policies, billing, navigating the course in Brightspace, and more.
To request an accommodation a student needs to go through the process with our UNE office. If the student has a current/already established accommodation in place with UNE it is the responsibility of the student to notify the program at summersessiononline@une.edu to ensure it is applied properly.
If you need to inquire about a possible accommodation, please reach out to the Student Access Center by calling 207-221-4418 or send an email to pcstudentaccess@une.edu.
Policies
Summer Session & Academic Engagement Policy
Online students are required to submit a graded assignment/discussion prior to Sunday evening at 11:59 pm EDT of the first week of the term. If a student does not submit a posting to the graded assignment/discussion by 11:59 pm EDT on Sunday of the first week, the student will be automatically dropped from the course for non-participation. Review the Student Summer Session Manual for full details.
Proctored Examinations
The University of New England has contracted with ProctorU to provide students with the most convenient online exam proctoring system. This system provides a simple, no cost to the student, secure, online proctor for exams and allows the student to take all the exams at home and on their own schedule.
Upon enrollment into the course, if the course has proctored exams, each student will register with ProctorU and establish a login name and password. This will give the student access to all of ProctorU's services. When ready, students will schedule each of their proctored exams with ProctorU. Exams must be scheduled at least 72 hours in advance to avoid fees. Prior to taking their exams, students must be sure that they have downloaded the ProctorU Chrome or Firefox extension and are using the most current version of Chrome or Firefox. They must also be sure their testing site's connection meets the minimum requirements by using ProctorU's "Test It Out" utility.
Upon the exam day and hour, students will log in to ProctorU and click on "exams". After following the procedures outlined at ProctorU's website, the student will log in to Brightspace and locate their correct exam. The proctor will then allow student access to that exam.
Students must use ProctorU and must follow all proctoring requirements for their exams to be credited.
Information about exam attempts can be found in your course.
Technology Requirements
Please review the technical requirements for UNE Online Programs: Technical Requirements.
Course Length
A schedule of lectures and assignments is included in this syllabus.
Courses in the program are equivalent to one-semester courses designed to be completed in 6 or 12 weeks.
- Enrollment in the course begins the day your section opens which is listed in the Academic Calendar.
- Course due dates, start and end dates are in respect to Eastern Time.
Withdrawal and Refund Policies
Please review the policies in your confirmation email. Contact summersessiononline@une.edu with any questions.
Grade Policy
Students are expected to attempt and complete all graded assignments and proctored exams by the end date of the course.
Transcripts
Due to the Family Educational Rights and Privacy Act, only the student may request official transcripts. This may be done online by going to the University of New England Registrar website and following the directions on the page.
To view your unofficial UNE student transcript:
- Log into uonline at http://uonline.une.edu
- Select Student Services
- Select Student Records
- Select Academic Transcript
To request your official UNE student transcript:
Please review your Unofficial Transcript prior to requesting an Official Transcript.
- Log into uonline at http://uonline.une.edu
- Select Student Services
- Select Student Records
- Select Request Printed/Official Transcript
- Follow the prompts
After you click Submit Request, your official transcript will be put into the queue to be processed in the Registrar's Office.
Academic Integrity
The University of New England values academic integrity in all aspects of the educational experience. Academic dishonesty in any form undermines this standard and devalues the original contributions of others. It is the responsibility of all members of the University community to actively uphold the integrity of the academy; failure to act, for any reason, is not acceptable.
Academic dishonesty includes, but is not limited to the following:
- Cheating, copying, or the offering or receiving of unauthorized assistance or information.
- Fabrication or falsification of data, results, or sources for papers or reports.
- Action which destroys or alters the work of another student.
- Multiple submission of the same paper or report for assignments in more than one course without permission of each instructor.
- Plagiarism, the appropriation of records, research, materials, ideas, or the language of other persons or writers and the submission of them as one's own.
Charges of academic dishonesty will be reviewed by the College. Penalties for students found responsible for violations may depend upon the seriousness and circumstances of the violation, the degree of premeditation involved, and/or the student’s previous record of violations. Appeal of a decision may be made to the Dean whose decision will be final. Student appeals will take place through the grievance process outlined in the student handbook.