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日期：2022-02-19 11:40

Syllabus1: Macroeconomics

Course Information

Macroeconomics

ECON-100-001

Spring 2022

Runs from January 10th 2022 – April 25th 2022

Online lecture sessions: Tuesdays and Fridays, 8:10am to 9:25am Eastern Time.

Instructor Information

Preferred Communication Method: Canvas, email and Zoom meetings

Response time: email messages will be responded within two business days.

Instructor Bio: Prof. Martinez-Covarrubias studied his MSc at the University of Birmingham in

England and received his PhD from the University of Limerick in Ireland. He has more than 10

years' experience as a lecturer and senior lecturer. He has taught numerous - and a wide range of-

economic modules including Macroeconomics at graduate and undergraduate level in Europe.

He has supervised several Masters and PhD theses. He has published books and several articles

in leading international journals, such as Regional Studies. His research interests focus on

economics of innovation and technological change, industrial economics, economic integration

and public policy. He has presented numerous international conferences and keynote speeches.

As practitioner, he held senior roles in national civil services in Mexico and Ireland. He advises

the European Commission with its international development co-operation program with African

Countries in areas of Science, Technology and Innovation.

Teaching Assistants (TA) Information:

Nguyen, Nghia (Nick). nn3647a@american.edu Cimiluca, Mark. mc0551a@american.edu

Spaulding Bingaman, sb2941a@student.american.edu (SI Leader)

1 Every effort will be made to follow this syllabus. However, exceptional situations may require

exceptional changes at the discretion of the instructor.

Course Description

Introduction to the basic principles of aggregate economic analysis. Includes measurement and

determinants of national income, unemployment, inflation, economic growth, and business

cycles. Topics also include historical perspectives, alternative approaches to economics, and

current issues and controversies.

Translation

A beginning course in macroeconomics explores how an economist views the way people make

choices and works through the implications of the economist’s view. We first look at the choices

of individuals and households, and we look at the choices of firms, other organizations, and

governments. We develop a systematic way of describing how choices are made, and we follow

through with a systematic analysis of how choices change when circumstances change. We then

look at how everybody’s choices add up to “the economy.” Finally, we find out how

policymakers can help to “grow the economy” and how they can help to keep the growth as

steady as circumstances allow.

This Course in General Education

For students who entered AU before Fall 2018, this course is part of the General Education

Program. It is part of Foundational Area 4. Courses in Area 4:

Study the institutions, systems, and patterns of governance and of economic and social

organization that underlie contemporary societies.

Place policy options and their consequences in their appropriate social and political

context, drawing on classic and contemporary theories of human organization.

Develop your capacity to critically reflect on the organization of societies and the

relationship between the individual and the society, using the distinctive methods of

inquiry appropriate to the study of social institutions.

Course Learning Outcomes

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

1. Describe how people and businesses interact in markets.

2. Define key measures of economic activity and locate statistics on them.

3. Define economic growth and recession and explain what can cause them.

4. Explain how governments and monetary authorities can promote economic growth and/or

economic stability.

5. Explain the interrelationships between markets for outputs, inputs, and currencies in a

global economy.

Textbooks and Materials

Textbook: Macroeconomics by Krugman and Wells, 6th Edition, Macmillan.

Option #1: Digital Only: Achieve Access for Krugman/Wells, Macroeconomics, 6/e. ISBN:

9781319320195.

Option #2: Print + Digital: Loose-leaf Print Text & Achieve Access for Krugman/Wells,

Macroeconomics, 6/e. ISBN: 9781319396824. The campus bookstore can help you purchase a

print version.

Pre-Class online activities and electronic homework assignments: “Achieve”. To gain access

to these, which is organized by Achieve, you will have to register as a student of this course.

Please examine the instructions in the Canvas site for registering on Achieve as soon as possible.

Your subscription to Achieve gives you access to the digital version of the textbook.

Instructional Technologies

Canvas Learning Management System

You will use your AU credentials to log in to Canvas. AU’s Canvas Support team recommends

using Chrome or Firefox to optimize your experience and avoid incompatibility issues that can

occur when accessing Canvas with other browsers. DO NOT USE Internet Explorer. We will

use the video conferencing software ‘Zoom’ for our virtual sessions.

This course is delivered completely online, therefore it is your onus making sure you Internet

connection, software and equipment at your end work at an adequate level. The University

provides assistance. If you have any problems, you can contact the OIT Help Desk at: Phone:

202-885-2550; E-mail: helpdesk@american.edu or Online Support & Live Chat:

help.american.edu

Accessibility Statement

To find out about the accessibility of the instructional technology and other software for this

course, click on the link for the product. Canvas, Zoom, Achieve (Macmillan), CourseArc,

Collaborate Ultra, Microsoft Office, Adobe Reader.

Course Expectations, Requirements, and Policies

Expectations for Course Participation

Attendance at lecture sessions is mandatory. You must proactively participate in the activities

and group discussions during the sessions. Attendance will be recorded, and you will gain points

(3% of your overall grade) for attending at least 90% of all sessions.

Time Commitment:

This course is taught completely on-line, and you have a high degree of flexibility to

choose when to study. You still need to plan your days and evenings carefully during the period

you take this class. It is expected that you will need to devote at least 7 and a half hours a week

to this class. This includes:

Reading power-point presentations, and watching supplementary videos

Attending and participating in online lectures.

Reading the textbook

Doing online homework assignments

Writing and developing the required assignments

Studying for and taking the required exams

Communication Policy

For any issue or query related to the course, your first contact point will be your

designated Teaching Assistant or Supplementary Instruction Leader. If you are not satisfied, then

you can escalate and contact the instructor.

Please plan and organize your time efficiently. The implication of the response time

stated earlier is that the instructor’s inbox is not checked over the weekends. This means that if

your email is received on a Friday after 4pm, you will get a reply by Tuesday at the end of

business at the latest.

Canvas is the official digital platform to announce important aspects of the course. Please

make sure these announcements are not sent to your spam folder by your email account. You can

ensure this by adjusting your email settings and preferences. For help, contact OIT Help Desk at:

Phone: 202-885-2550; E-mail: helpdesk@american.edu or Online Support & Live Chat:

help.american.edu

Time Zones:

All deadlines mentioned in the syllabus refer to Eastern Standard Time. If you are not

living in the Eastern United States while taking this course, please be aware of the time

differences so that you do not turn in your assignments late. (For example, if you are in

California, then a 12-midnight deadline means that you must turn in your work by 9 pm that

night. If you are in Japan, you must turn in your work by 1 pm the following day.)

General Organization of Class and Grading Standards

Each week of the class will be organized in a similar way.

You should begin each week by reading the relevant textbook chapters and doing the

Pre-Class activities and Bridge quizzes.

Then, attend the lectures where we will address some of the key concepts in the course

that are particularly important to master.

After that, I would recommend that you re-read the textbook chapters.

You will be directed to the Learning Curve online activity, and an electronic homework

assignment on Achieve that you will be required to complete before the week ends.

There will be Group Presentations for which you will be allocated to a team of five or

six students. You will receive instructions to develop a Digital Artifact as a team. On the

relevant week you and your team will submit and present your Digital Artifact to the

whole, or a wider section of the class. A rubric will be made available in advance, so you

and your team will be clear on what is expected from you to deliver. This is a

collaborative effort where all members are expected to contribute equally.

The Midterm exam and the Final Exam will be time-bound and further instructions will

be issued in due course. For these and Reaction Papers collaborative effort is not

allowed.

Canvas is the official platform to host all students’ assignment records. Therefore, all

assignments must be submitted to the designated submission points in Canvas. Technically,

Canvas does not allow the instructor or TAs (Teaching Assistants) to submit on the students’

behalf; therefore, please do not email your work to your instructor or TA. Each student should

submit his/her own work directly on Canvas. If you are in doubt about how to do it, please ask

your TA or instructor. Submission Points will be made available in due course.

Achieve is integrated with Canvas. This means that if you complete your weekly online

assignments in Achieve, the scores will automatically be transferred to Canvas within at least 48

hours (about 2 days) after completing the homework sets. If your score in Canvas is different to

your latest score in Achieve, please do not panic; give it at least two days to get your latest score

reflected on Canvas. If nothing changes, then please contact your instructor or TA.

Late Work Policy

20% marks less in that assignment for every day of delay.

All assignments should be submitted before the indicated deadline. For every day an assignment

is late after the assignment is due, 20 per cent will be deducted from the assignment grade. For

example, if your submission is 2 days late and you are awarded full points (100), your final grade

on the assignment would be 60 points (2 days late x 20 per cent deduction per day = 40 per cent

Late Penalty). For the calculation of the Late Penalty, late days will be rounded up to the next

whole number. For example, if a student submits 1.3 days late, the Late Penalty will treat the

student as 2 days late. No exceptions to this policy will be made, apart from documented medical

or family emergencies (in these cases, an ad-hoc deadline with no penalty will be agreed on a

case-by-case basis).

For the case of the final exam, late penalties will be more severe: 5% deduction for every

minute of delay.

It is the onus of the student making sure that his/her submitted work is the intended piece. This

means that whatever material is submitted, it will be graded accordingly, and under no

circumstances ‘completed’ work presented after the deadline will be considered to replace the

original submitted ‘incomplete’ work.

Sharing of Course Content

Unauthorized downloading, file sharing, or distribution of any part course materials, or using

information for purposes other than student’s own learning, may be deemed a violation of

American University’s Student Conduct Code and subject to disciplinary action (see Student

Conduct Code VI. Prohibited Conduct).

Students are not permitted to make visual or audio recordings (including livestreams) of lectures

or any class-related content or use any type of recording device unless prior permission from the

instructor is obtained and there are no objections from any student in the class. If permission is

granted, only students registered on the course may use or share recordings and any electronic

copies of course materials (e.g., PowerPoints, formulas, lecture notes, and any discussions –

online or otherwise). Use is limited to educational purposes even after the end of the course.

Exceptions will be made for students who present a signed Letter of Accommodation from the

Academic Support and Access Center. Further details are available from the ASAC website.

Other Course Policies

The use of digital devices in activities not relevant to the topics discussed during the virtual

lectures and exams is not permitted. The instructor or tutor reserves his/her right to carry out

random checks and you must cooperate accordingly.

Cheating will not be tolerated. Collaboration on individual assignments and assessments is not

permitted. There will be an opportunity for Group Presentations and Digital Artifacts where

collaboration within your designated group is permitted and encouraged. Anti-cheating

technologies such as Safe Assign and Respondus will be used. If someone is found at foul, an

outright ‘F’ (Fail) will be allocated to that assignment, and/or escalated to university disciplinary

procedures.

Grading and Assessment

Grading Scale

Final Percent Grade Descriptor

93%-100% A Excellent

90%-92% A-

87%-89% B+

83%-86% B Good

80%-82% B-

77%-79% C+

73%-76% C Satisfactory

70%-72% C-

60%-69% D Poor

Under 60% F Academic Fail

Final Grade Calculation

Activity or Assessment Weight in

Final Grade

Attendance to Lectures (at least 90%) 3%

Achieve Sets: Homework (18x, HW) 22%

Achieve Sets: Pre-Class Tutorials, Bridge, Learning

Curve (PCT, BR, LC)

5%

Reaction Papers (2x) 10%

Midterm Exam 20%

Group Presentation (5%) and Digital Artifact (15%) 20%

Final Exam 20%

Note: The final grade calculation is performed at the end of the course by the instruction team,

and it is reported in the Eagle Service 72 hours after the conclusion of the final exam. This

means that, as the course progresses, the ongoing total grade calculated by Canvas is only

indicative and not conclusive.

Homework sets are graded online quizzes in Achieve from which you get your result straight

away after completion. (IMPORTANT: you must allow 48hrs to see your final result of your

completed Homework reflected in Canvas). Each Homework set corresponds to each chapter in

the textbook.

Achieve Sets (PCT, BR, LC) are also online sets that prepare you for the lecture and consolidate

your understanding on the relevant topic. PCT are Pre-Class Tutorials which includes videos

that introduce the topics, BR are small Bridge quizzes that assess your understanding over the

material presented in the PCT and from your reading on the relevant chapter in the book. Finally,

LC stands for Learning Curve, which is an adaptive online test to better prepare you for doing

the Homework set (HW) described above. Most chapters include one PCT, one BR and one LC.

But others may include up to four PCT, four BR and one LC. Other chapters may include only

one of these types of online sets, such as one LC. You must complete all available Achieve sets

per chapter. You will earn the 5 points of your final grade if you complete at least 90% of all

relevant sets.

Reaction papers are small written pieces of no more than two paragraphs where you must

address specific questions that will be issued in advance. Your opinions must be supported by

robust evidence. There are two Reaction Papers each to be submitted in Teaching Week 2 and

Teaching Week 14. Guidelines will be issued in advance.

The Midterm exam will cover the first three modules and will be held during the lecture session

on the Friday of Teaching Week 6.

Group Presentation is one of the most dynamic and engaging assessments in this course, in the

sense that it is a collaborative effort. It is a space for you to get to know more of your classmates.

You will be allocated to a group of 5 or 6 students who altogether will design, prepare and

present to the whole, or a large section of the class, a Digital Artifact that displays your

understanding on relevant topics covered in Class. Further guidelines will be provided in

advance.

A Digital Artifact (resource) in the context of this course is similar to a project that is submitted

for an assignment in a face-to-face course. But rather than submitting a physical object, such as a

paper, an essay or presentation, the assignment is presented and viewed digitally—online

through a site or platform on the web. An artifact has the following characteristics:

A combination of two or more of the following: text, image, sound, video or links

Accessible with its own link (URL)

Easy to access and view online without requiring a password or login information

Available on the Web for at least six weeks.

The Final Exam will cover all topics in this module.