PRINCIPLES OF ECONOMICS II(MACRO)

Note:
Course content may be changed, term to term, without
notice. The information below is provided as a guide
for course selection and is not binding in any form,
and should not be used to purchase course materials.COURSE SYLLABUS
ECNC214
PRINCIPLES OF ECONOMICS II(MACRO)
COURSE DESCRIPTION
This course is an introductory continuation of Principles of Economics I. Topics include supply
and demand for the public sector, financial institutions, and aggregated economic behavior. The
latter includes discussions of national income accounting, and an inquiry into the origins and
dynamics of inflation, unemployment and economic growth.
RATIONALE
ECNC 214 teaches students about the structure of the economy and the interactions among its
different sectors so that they can make good economic decisions, whether for self or public
benefit.
I. PREREQUISITES
None
II. REQUIRED RESOURCE PURCHASES
Click the following link to view the required resources for the term in which you are
registered: http://bookstore.mbsdirect.net/liberty.htm
III. ADDITIONAL MATERIALS FOR LEARNING
A. Computer with Internet access (broadband recommended)
B. (Optional) Wall Street Journal 8-week subscription. Students may complete the
online form and have immediate access to WSJ.com with the print edition (U.S.
addresses) arriving in approximately 3–5 days for $15.95 (75% discount).
C. Microsoft Word
(Microsoft Office is available at a special discount to Liberty University students.)
IV. MEASURABLE LEARNING OUTCOMES
Upon successful completion of this course, the student will be able to:
A. Analyze three basic macroeconomic problems: business cycle, unemployment,
and inflation/deflation.
B. Distinguish various macroeconomic policies that may stabilize the economy.
C. Identify the sources of economic growth.
D. Know the financial relationship between the U.S. and other countries.
E. Read macroeconomics articles in the Wall Street Journal.ECNC 214 Syllabus
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F. Understand biblical principles for macroeconomics.
G. Use the aggregate demand and aggregate supply models to analyze
macroeconomic problems.
V. COURSE REQUIREMENTS AND ASSIGNMENTS
A. Textbook readings and presentations
B. Discussion Board Forums (4)
Students will complete four Discussion Board forums throughout the course. In
each forum, students must choose a topic from a list and write a new thread
containing 3 or 4 well-crafted paragraphs. In the thread, students must cite an
article from at least 1 of the following resources: The Economist, Fortune, or the
Wall Street Journal. Then, they must reply to at least 2 classmates’ threads in 1 or 2
paragraphs each. Also, students must format their posts and cite their source(s)in
APA style. The thread is due by Friday night of Modules/Weeks 1, 3, 5, and 7; the
replies are due by Monday night of these modules.
C. Bible Projects (4)
After reading various chapters from the Stapleford text, students will answer all of
the Discussion Questions at the end of these chapters in a new Word document.
Bible Projects 1–4 are due in Modules/Weeks 1, 3, 5, and 7, respectively.
D. Wall Street Journal Project
Students will read 5 articles from the Wall Street Journal, each covering a
different subject addressed in the course. They will then write a 1-page review of
each article. Students must combine all their reviews into one Word document for
submission. The Wall Street Journal Project is due by the end of Module/Week 8.
E. Exams(4)
Students will take 4 open-book/open-notes exams covering various chapters in the
Gwartney textbook. Each exam contains 40 multiple-choice questions and must
be completed within 2 hours. Exams 1–4 must be taken by the end of
Modules/Weeks 2, 4, 6, and 8, respectively.
VI. COURSE GRADING AND POLICIES
A. Points
Discussion Board Forums (4 at 55 pts ea) 220
Bible Projects (4 at 50 pts ea) 200
Wall Street Journal Project 100
Exams (4 at 120 pts ea) 480
Total 1000
B. Scale
A = 900–1000B = 800–899 C = 700–799 D = 600–699 F = 0–599ECNC 214 Syllabus
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C. Disability Assistance
Students with a documented disability may contact Liberty University Online’s
Office of Disability Academic Support (ODAS) at LUOODAS@liberty.edu to
make arrangements for academic accommodations.COURSE SCHEDULE
ECNC 214
Textbooks: Gwartney et al., Economics: Private and Public Choice (2011).
Stapleford, Bulls, Bears, and Golden Calves: Applying Christian Ethics in
Economics(2009).
WEEK/
MODULE
READING &STUDY ASSIGNMENTS POINTS
1
Gwartney et al.: chs. 7 - 9
Stapleford: chs. 2 & 5
3 Presentations
Course Requirements Checklist
Class Introductions
DB Forum 1
Bible Project 1
0
0
55
50
2
Finish Gwartney et al.: chs. 7 - 9
Research WSJ Articles
Review Presentations
Exam 1 120
3
Gwartney et al.: chs. 10 - 12
Stapleford: chs. 6 - 7
3 Presentations
DB Forum 2
Bible Project 2
55
50
4
Finish Gwartney et al.: chs. 10 - 12
Research WSJ Articles
Review Presentations
Exam 2 120
5
Gwartney et al.: chs. 13 - 15
Stapleford: chs. 8 & 15
3 Presentations
DB Forum 3
Bible Project 3
55
50
6
Finish Gwartney et al.: chs. 13 - 15
Review Presentations Exam 3 120
7
Gwartney et al.: chs. 16, 17 & 19
Stapleford: chs. 3 & 16
Research WSJ Articles
3 Presentations
DB Forum 4
Bible Project 4
55
50
8
Finish Gwartney et al.: chs. 16, 17 & 19
Review Presentations
Wall Street Journal Project
Exam 4
100
120
TOTAL 1000
DB = Discussion Board WSJ = Wall Street Journal
NOTE: Each course week (except week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on
Monday night at 11:59 p.m. (ET). The final week ends at 11:59 p.m. (ET) on Friday.
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