Syllabus: ECON 2002.01-203 (25771)
Principle of Macroeconomics
Spring 2023
Instructor: Hui-Jun Chen
Last Update: April 9, 2023

Contents

 Course Overview
 Grades
 Grading Policy
  Quizzes / Exams
  Problem Sets
 Quizzes, Problem Sets and Examinations Integrity Policies
  Curving
  Bailout Policy: Midterm & Final weight change
 Tentative Course Schedule
 New General Education Learning Outcomes 
 Legacy General Education Course learning outcomes
  Social Science Goal
  Organizations and Polities Expected Learning Outcomes
 Ohio State’s academic integrity policy
 Other Policies
  Economics Learning Center
  Grading scale

Course Overview

Grades

Categories

Points

Problem sets on course material

20 points

Quizzes on Calculus videos

20 points

Midterm Exam

25 points

Final Exam

25 points

Attendance

10 points

Total

100 points

See course schedule, below, for due dates

Grading Policy

Quizzes / Exams

Weekly quizzes in this class: Quiz on syllabus and Calculus materials. You will have unlimited attempts and unlimited time per attempt for quizzes of Calculus materials. When calculating the final grade, I will drop two quiz with the lowest grade in each category (except Quiz on Calculus, Ch. 10 & 11).

The exact due date and time for quizzes and exams should refer to the schedule below and the setting on Carmen. In principle, all quizzes are due on Sunday 11:59pm, and the answer is available on next Monday.

Late quizzes are not accepted, unless you have formal excuse (require formal documentation, and the instrutor still has rights to decide whether to extend the quiz / exams for this excuse).

Final exam are cumulative, so the content from the midterm is also included in final exam.

Problem Sets

There is class discussion about the problem sets on the recitation class. Recitation class will also be held by me, and its purpose is to allow students to know each other and form a discussion group about the problem sets. Even though there are discussion groups, everyone still answer the problem sets individually on Carmen. This design ensures individual student to have free of will even if he or she doesn’t agree with other group members. Problem sets will be multiple choice questions, each question will have option (A) to (D). You will have 2 attempts on Carmen. For convenience, the problem sets quiz on Carmen is only for grading purpose, hence it might looks like figure 1, which the red letter is what each option supposed to represent.

Figure 1: Example for Carmen questions
PIC

Quizzes, Problem Sets and Examinations Integrity Policies

Quizzes and Problem Sets: Discussions are encouraged, but each person must hand in their own quiz on Carmen.

Examinations: Discussions are forbidden, either face to face or via online discussion board / Social media. You are allowed to refer to course slides, core-econ textbook, lecture videos.

Curving

If less than 40% of the students get A- or above, I will add some points to everybody until 40% of the students get A- or above, but I don’t expect this to occur.

Bailout Policy: Midterm & Final weight change

After the midterm exam, there will be a survey on Carmen asking whether you want to change the weight between midterm and final from 25 points each to 10 points for midterm and 40 points for final. This survey will due before the final exam date, and you cannot change the weight between midterm and final after you took the final exam.

Tentative Course Schedule

(Updated: April 9, 2023)

Wk

Days

Quizzes

Topics, Readings and Deadlines for quizzes

1

01/09
01/11
01/13

Essence of Calculus Ch.1
Syllabus

Topic: Introducing Syllabus and Class
Reading: Unit 1
Deadline: 01/15 11:59pm

2

01/18
01/20

Essence of Calculus Ch.2

Topic: Economic Modelling
Reading: Unit 1 and Unit 2
Deadline: 01/22 11:59pm

3

01/23
01/25
01/27

Essence of Calculus Ch.3

Topic: Consumer
Reading: Unit 3
Deadline: 01/29 11:59pm

4

01/30
02/01
02/03

Essence of Calculus Ch.4
Problem Set 1

Topic: Firm and Labor
Reading: Unit 6
Deadline: 02/05 11:59pm

5

02/06
02/08
02/10

Essence of Calculus Ch.5
Problem Set 2

Topic: Profit Maximization
Reading: Unit 7
Deadline: 02/12 11:59pm

6

02/13
02/15
02/17

Essence of Calculus Ch.6
Problem Set 3

Topic: Labor Market
Reading: Unit 9
Deadline: 02/19 11:59pm

7

02/20
02/22
02/24

Problem Set 4

Topic: Credit Market
Reading: Unit 10
Deadline: 02/26 11:59pm

8

02/27

None

Midterm Exam

8

03/01
03/03

None

Wk

Days

Quizzes

Topics, Readings and Deadlines for quizzes

9

03/06
03/08
03/10

Essence of Calculus Ch.7

Topic: Fiscal Policy
Reading: Unit 14
Deadline: 03/12 11:59pm

10

03/14,16,18

None

Spring break

11

03/20
03/22
03/24

Essence of Calculus Ch.8
Problem Set 7

Topic: Monetary Policy
Reading: Unit 15
Deadline: 03/26 11:59pm

12

03/27
03/29

Essence of Calculus Ch.9
Problem Set 8

Topic: Long-run economic performance
Reading: Unit 16
Deadline: 04/02 11:59pm

12

03/31

No class; MEA Presentation in Cleveland

13

04/03
04/05
04/07

Essence of Calculus Ch.10

Topic: Application: The Great Depression
Reading: Unit 17
Deadline: 04/09 11:59pm

14

04/10
04/12
04/14

Essence of Calculus Ch.11

Topic: Application: Asset price bubbles
Reading: Unit 11
Deadline: 04/16 11:59pm

15

04/17,19,21

None

Week for adjustment

16

04/28

None

Final Exam (Link)

New General Education Learning Outcomes

Credit: Dr. Darcy Hartman

Under the new GE, this course fulfills the GE Foundations requirement for Social and Behavioral Sciences. 

Goals:

  1. Successful students will critically analyze and apply theoretical and empirical approaches within the social and behavioral sciences, including modern principles, theories, methods, and modes of inquiry.
  2. Successful students will recognize the implications of social and behavioral scientific findings and their potential impacts.

Expected Learning Outcomes:

Successful students will be able to:

  1. Explain basic facts, principles, theories, and methods of social and behavioral science.
  2. Explain and evaluate differences, similarities, and disparities among institutions, organizations, cultures, societies, and/or individuals using social and behavioral science.
  3. Analyze how political, economic, individual, or social factors and values impact social structures, policies, and/or decisions.
  4. Evaluate social and ethical implications of social scientific and behavioral research.
  5. Critically evaluate and responsibly use information from the social and behavioral sciences.

Economics 2002.01 will achieve these learning outcomes by teaching students about the theories and methods of social scientific inquiry through discussion of supply and demand at the national level, and the measurement of national income and other macroeconomic measures, along with applications to current events. Students will write a paper on a current event, following the event through the course of the semester. They will perform a critical analysis of the problem and solution utilizing various sources to present their arguments.

Students will learn about the formation and durability of political, economic, and social organizing principles through discussions of the origin and structure of central banks as well as other international organizations, and fiscal and monetary policy. These topics will include discussion of various commonly accepted points of view.

Students will comprehend and assess the nature and values of organizations and polities and their importance in social problem solving and policy making through discussion of fiscal and monetary policy, business cycles and the Federal Reserve Bank, including its values and objectives. In addition, by choosing their own topic, they will have an in-depth look at a current event to study within the context of these principles.

Legacy General Education Course learning outcomes

This course fulfills the GE Goals and Expected Learning Outcomes for Social Science: Organizations and Polities.

Social Science Goal

Students understand the systematic study of human behavior and cognition; the structure of human societies, cultures, and institutions; and the processes by which individuals, groups, and societies interact, communicate, and use human, natural, and economic resources.

Organizations and Polities Expected Learning Outcomes

  1. Students understand the theories and methods of social scientific inquiry as they apply to the study of organizations and polities.
  2. Students understand the formation and durability of political, economic, and social organizing principles and their differences and similarities across contexts.
  3. Students comprehend and assess the nature and values of organizations and polities and their importance in social problem solving and policy making.

Economics 2002.01 addresses the theories and methods of social scientific inquiry through discussion of supply and demand at the national level, and the measurement of national income and other macroeconomic measures, along with applications to current events.

Students will learn about the formation and durability of political, economic, and social organizing principles through discussions of the origin and structure of central banks as well as other international organizations, and fiscal and monetary policy. These topics will include discussion of various commonly accepted points of view.

Students will comprehend and assess the nature and values of organizations and polities and their importance in social problem solving and policy making through discussion of fiscal and monetary policy, business cycles and the Federal Reserve Bank, including its values and objectives.

Ohio State’s academic integrity policy

Academic integrity is essential to maintaining an environment that fosters excellence in teaching, research, and other educational and scholarly activities. Thus, The Ohio State University and the Committee on Academic Misconduct (COAM) expect that all students have read and understand the University’s Code of Student Conduct, and that all students will complete all academic and scholarly assignments with fairness and honesty. Students must recognize that failure to follow the rules and guidelines established in the University’s Code of Student Conduct and this syllabus may constitute “Academic Misconduct.”

The Ohio State University’s Code of Student Conduct (Section 3335-23-04) defines academic misconduct as: “Any activity that tends to compromise the academic integrity of the University, or subvert the educational process.” Examples of academic misconduct include (but are not limited to) plagiarism, collusion (unauthorized collaboration), copying the work of another student, and possession of unauthorized materials during an examination. Ignorance of the University’s Code of Student Conduct is never considered an “excuse” for academic misconduct, so I recommend that you review the Code of Student Conduct and, specifically, the sections dealing with academic misconduct.

If I suspect that a student has committed academic misconduct in this course, I am obligated by University Rules to report my suspicions to the Committee on Academic Misconduct.  If COAM determines that you have violated the University’s Code of Student Conduct (i.e., committed academic misconduct), the sanctions for the misconduct could include a failing grade in this course and suspension or dismissal from the University.

If you have any questions about the above policy or what constitutes academic misconduct in this course, please contact me.

Other sources of information on academic misconduct (integrity) to which you can refer include:

Violating university or course rules as contained in the course syllabus or other information provided to the student in regard to student classroom conduct may result in your being removed from the class rolls.

Other Policies

Students with disabilities that have been certified by the Office for Disability Services will be appropriately accommodated. They should inform the instructor as soon as possible of their needs. Students who feel that they need an accommodation based on the impact of a disability should contact the Office for Disability Service. General information is available at http://www.ods.ohio-state.edu.

The core material contained within this syllabus will either be discussed in class or assigned as required reading.

If you decide not to complete the course, please formally withdraw from the class. Failure to officially withdraw will result in an “E” on your transcript and you will have foregone the opportunity to receive a refund (partial or full).

You are expected to be on time to class. In those events when you do arrive at class late, please find a seat as quietly and unobtrusively as possible. Do not interrupt class to hand in assignments or request materials. An opportunity will be provided for these activities at an appropriate time.

We will be doing in-class participation exercises that work via the internet. Please be sure to bring a mobile device (laptop, tablet, or smartphone) with you to class each day.

Economics Learning Center

Information can be found at https://economics.osu.edu/economics-learning-center.

Grading scale