Macroeconomics

Textbook

McEachern, W. A. (2012). ECON Macro 3 (3rd ed.). Mason, OH: South-Western.

Each response should be 75 words in length and cite the textbook as a reference.

1. Why does investment spending not equal saving in the circular flow?

2. Why does the consumer price index exaggerate the inflation rate?

3. Discuss the limitations of national income accounting.

4. Why do total leakages and total injections have to be equal?

5. What is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy.

6. What is the difference between anticipated and unanticipated inflation? How do they differ in their effects on economic agents? Does inflation have no effects on the economy if it is anticipated? Explain.

7. Describe the four types of unemployment. How do the four types differ in their effects on the economy and on the unemployed?

8. Explain how the law of diminishing marginal returns is related to the per-worker production function.

9. What is meant by “quality of labor”? How does improvement in the quality of labor affect economic growth?

10. Explain what would cause the government purchases function to increase. Will a change in social security spending affect government purchases?

11. Suppose MPC is 0.8 initially. Households then change their behavior so that the MPC falls to 0.75. What happens to aggregate expenditures? Why?

12. What is a consumption function? Describe the graph of a consumption function and explain its shape. If total spending is consumption plus investment spending, how does an increase in the interest rate affect total spending?

13. For each of the following, explain whether it shifts the short-run aggregate supply curve, the long-run aggregate supply curve, or the aggregate demand curve (or more than one of these). a. Households decide to save a smaller share of their disposable income. b. There is an 8-week strike in the steel industry.

14. How is an aggregate demand curve derived? What would cause the aggregate demand curve to shift to the right?

BBA 2401, Principles of Macroeconomics 1

Course Description

Provides an understanding of macroeconomics as one of the most relevant and interesting subjects to study. Explains
how public policy is formed and encourages a greater appreciation for how a modern economy functions. Economics is
also emphasized as a practical tool for managerial decision-making.

Prerequisites

None

Course Textbook

McEachern, W. A. (2012). ECON Macro 3 (3rd ed.). Mason, OH: South-Western.

Course Learning Objectives

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

1. Recognize resource scarcity as the central economic problem.
2. Analyze how supply and demand creates the market for goods and services.
3. Discuss various national economic indicators and how each relates to economic growth.
4. Examine the effects of unemployment and inflation on the economy.
5. Construct the aggregate expenditure and demand model of the macro economy.
6. Discuss the interaction of the Federal Government and the Federal Reserve Bank in controlling the economy.
7. Illustrate monetary theory using the money supply and demand model.
8. Analyze the international economy through trade interdependences and financial interactions.

Credits

Upon completion of this course, the students will earn three (3) hours of college credit.

Course Structure

1. Unit Learning Objectives: Each unit contains Unit Learning Objectives that specify the measurable skills and
knowledge students should gain upon completion of the unit.

2. Written Lectures: Each unit contains a Written Lecture, which discusses lesson material.
3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters from the textbook.

Chapter presentations are provided in each unit study guide as Supplemental Reading to aid students their
course of study.

4. Learning Activities (Non-Graded): These non-graded Learning Activities are provided to aid students in their
course of study in Unit II and IV-VIII.

5. Key Terms: Key Terms are intended to guide students in their course of study. Students should pay particular
attention to Key Terms as they represent important concepts within the unit material and reading.

6. Discussion Boards: Discussion Boards are a part of all CSU term courses. Information and specifications
regarding these assignments are provided in the Academic Policies listed in the Course Menu bar.

BBA 2401, Principles of
Macroeconomics
Course Syllabus

BBA 2401, Principles of Macroeconomics 2

7. Unit Assessments: This course contains eight Unit Assessments, one to be completed at the end of each unit.
Assessments are composed of written response questions.

8. Unit Assignments: Students are required to submit for grading Unit Assignments in Units II, IV, VI, and VIII.
Specific information and instructions regarding these assignments are provided below.

9. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or
course content related questions.

10. Student Break Room: This communication forum allows for casual conversation with your classmates.

Unit Assignments

Case Studies

The unit Case Studies are to be completed for Units II, IV, VI, and VIII. In completing these assignments the university
requires that you follow APA guidelines in preparing citations and references.

• Unit II Case Study: Click here to access a PDF of the case studies titled, “GDP and The State of the
USA” and “Price Check on Aisle 2”. Answer the questions at the end of each case study.

• Unit IV Case Study: Click here to access a PDF of the case studies titled, “The Life-Cycle Hypothesis”
and “Investment Varies Much More than Consumption”. Answer the questions at the end of each case
study.

• Unit VI Case Study: Click here to access a PDF of the case studies titled, “Mackerel Economics in
Federal Prisons” and “The Hassle of Small Change”. Answer the questions at the end of each case study.

• Unit VIII Case Study: Click here to access a PDF of the case studies titled, “The Big Mac Index” and
“What About China?” Answer the questions at the end of each case study.

Your responses should be at least 150 words in length. You are required to use at least your textbook as source material
for your responses. All sources used, including the textbook, must be referenced; paraphrased and quoted material must
have accompanying citations.

APA Guidelines

CSU requires that students use the APA style for papers and projects. Therefore, the APA rules for formatting, quoting,
paraphrasing, citing, and listing of sources are to be followed. A document titled “APA Guidelines Summary” is available
for you to download from the APA Guide Link, found in the Learning Resources area of the myCSU Student Portal. It may
also be accessed from the Student Resources link on the Course Menu. This document provides links to several internet
sites that provide comprehensive information on APA formatting, including examples and sample papers.

Submitting Case Studies

Once you have completed your Case Study, submit it by uploading through the “view/complete” link under the Assignment
tab in Units II, IV, VI, and VIII. Do not e-mail your paper directly to your professor. By using the Assignment tab, your
university record will automatically be updated to indicate you have submitted your Case Study and the assignment will be
provided to your professor for grading. Instructions for submitting your assignment can be found under the Assignment tab
in Units II, IV, VI and VIII.

CSU

Grading

Rubric for Papers/Projects

The course papers will be graded based on the CSU Grading Rubric for all types of papers. In addition, all papers will be
submitted for electronic evaluation to rule out plagiarism. Course projects will contain project specific grading criteria
defined in the project directions. To view the rubric, click the Academic Policies link on the Course Menu, or by accessing
the CSU Grading Rubric link, found in the Learning Resources area of the myCSU Student Portal.

http://online.columbiasouthern.edu/CSU_Content/Courses/Business/BBA/BBA2401/12M/UnitII_CaseStudy

http://online.columbiasouthern.edu/CSU_Content/Courses/Business/BBA/BBA2401/12M/UnitIV_CaseStudy

http://online.columbiasouthern.edu/CSU_Content/Courses/Business/BBA/BBA2401/12M/UnitVI_CaseStudy

http://online.columbiasouthern.edu/CSU_Content/Courses/Business/BBA/BBA2401/12M/UnitVIII_CaseStudy

BBA 2401, Principles of Macroeconomics 3

Communication Forums

These are non-graded discussion forums that allow you to communicate with your professor and other students.
Participation in these discussion forums is encouraged, but not required. You can access these forums with the buttons in
the Course Menu. Instructions for subscribing/unsubscribing to these forums are provided below.

Click here for instructions on how to subscribe/unsubscribe and post to the Communication Forums.

Ask the Professor

This communication forum provides you with an opportunity to ask your professor general or course content questions.
Questions may focus on Blackboard locations of online course components, textbook or course content elaboration,
additional guidance on assessment requirements, or general advice from other students.

Questions that are specific in nature, such as inquiries regarding assessment/assignment grades or personal
accommodation requests, are NOT to be posted on this forum. If you have questions, comments, or concerns of a non-
public nature, please feel free to email your professor. Responses to your post will be addressed or emailed by the
professor within 48 hours.

Before posting, please ensure that you have read all relevant course documentation, including the syllabus,
assessment/assignment instructions, faculty feedback, and other important information.

Student Break Room

This communication forum allows for casual conversation with your classmates. Communication on this forum should
always maintain a standard of appropriateness and respect for your fellow classmates. This forum should NOT be used to
share assessment answers.

Communication Forums

Click here for instructions on how to subscribe/unsubscribe and post to the Communication Forums.

Ask the Professor

Before posting, please ensure that you have read all relevant course documentation, including the syllabus,
assessment/assignment instructions, faculty feedback, and other important information.

Student Break Room

https://online.columbiasouthern.edu/CSU_Content/common_files/instructions/DB/Create_New_Thread_Subscribe

BBA 2401, Principles of Macroeconomics 4

Grading

Discussion Boards (8 @ 2%) = 16%
Unit Assessments (8 @ 8%) = 64%
Case Studies (4 @ 5%) = 20%
Total = 100%

Course Schedule/Checklist (PLEASE PRINT)

The following pages contain a printable Course Schedule to assist you through this course. By following this schedule,
you will be assured that you will complete the course within the time allotted.

BBA 2401, Principles of Macroeconomics 5

BBA 2401, Principles of Macroeconomics Course Schedule

By following this schedule, you will be assured that you will complete the course within the time allotted. Please keep this
schedule for reference as you progress through your course.

Unit I Introduction to Macroeconomics
Review:  Unit Study Guide

Read:  Chapter 5: Introduction to Macroeconomics
 Supplemental Reading: See Study Guide

Discuss:  Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Midnight (Central Time)
Submit:  Assessment by

Tuesday, Midnight (Central Time)

Notes/Goals:

Unit II Tracking the U.S. Economy

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:  Chapter 6: Tracking the U.S. Economy
 Supplemental Reading: See Study Guide

Discuss:
 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)
 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)
 Case Study by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit III Unemployment, Inflation, Productivity, and Growth
Review:  Unit Study Guide

Read:
 Chapter 7: Unemployment and Inflation
 Chapter 8: Productivity and Growth
 Supplemental Reading: See Study Guide

Tuesday, Midnight (Central Time)
Submit:  Assessment by Tuesday, Midnight (Central Time)
Notes/Goals:

BBA 2401, Principles of Macroeconomics 6

BBA 2401, Principles of Macroeconomics Course Schedule

Unit IV Aggregate Expenditure, Supply, and Demand

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:
 Chapter 9: Aggregate Expenditure
 Chapter 10: Aggregate Expenditure and Aggregate Demand
 Chapter 11: Aggregate Supply
 Supplemental Reading: See Study Guide

Discuss:
 Discussion Board Response: Submit your response to the Discussion Board question by
Saturday, Midnight (Central Time)
 Discussion Board Comment: Comment on another student’s Discussion Board response by
Tuesday, Midnight (Central Time)
Submit:  Assessment by Tuesday, Midnight (Central Time)
 Case Study by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit V Fiscal Policy and Federal Budgets

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:
 Chapter 12: Fiscal Policy
 Chapter 13: Federal Budgets and Public Policy
 Supplemental Reading: See Study Guide

Tuesday, Midnight (Central Time)
Submit:  Assessment by Tuesday, Midnight (Central Time)
Notes/Goals:

Unit VI Banking and the Financial System

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:
 Chapter 14: Money and the Financial System
 Chapter 15:Banking and the Money Supply
 Supplemental Reading: See Study Guide

BBA 2401, Principles of Macroeconomics 7

BBA 2401, Principles of Macroeconomics Course Schedule

Unit VII Monetary Theory and Macro Policy

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:
 Chapter 16: Monetary Theory and Policy
 Chapter 17: Macro Policy Debate: Active or Passive?
 Supplemental Reading: See Study Guide

Tuesday, Midnight (Central Time)
Submit:  Assessment by Tuesday, Midnight (Central Time)
Notes/Goals:

Unit VIII International Economics

Review:  Unit Study Guide
 Learning Activities (Non-Graded): See Study Guide

Read:
 Chapter 18: International Trade
 Chapter 19: International Finance
 Chapter 20: Economic Development
 Supplemental Reading: See Study Guide

Notes/Goals:

Course Schedule/Checklist (please print)

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