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COURSE PRESENTATION – SCHOOL OF BUSINESS

Fall 2021

Course & Section Number:

Economics 1250 – A14: Principles of Microeconomics

1. COURSE DELIVERY MODE

PowerPoint presentations with audio commentary will be used to introduce and analyze major course topics and to clarify what appears in the reading assignments. Weekly readings must be done by all students prior to viewing lectures. This will maximize the student’s understanding and better facilitate useful discussion, questions, etc.

Microsoft Teams and email will be used to facilitate discussion and answer questions. The intention of the Teams meetings is to discuss or clarify course material, go over assignment and midterm answers, work on in-class exercises, and discuss any other questions or issues arising from the above. The Teams meetings will not be used to deliver course material.

MyLab Economics will be used to deliver online quizzes.

There is a Moodle website for this course; there you will find this course presentation as well as PowerPoint slides with audio commentary, in-class exercises, assignments, and other administrative material. It is the student’s responsibility to check this website for posted material. Moodle will be used to deliver the assignments, midterms and final examination.

2. COURSE DESCRIPTION

The purpose of this course is to give the student an introduction to macroeconomic theories and issues and an understanding of how economic variables interact with one another. Among the topics to be covered are measuring national product and income, the theory of income and employment determination, fiscal and monetary policies, and public economic issues such as growth, inflation, productivity and employment.

3. COURSE OBJECTIVES

Upon successful completion of this course students shall be able to:

● identify sources of information regarding the Canadian economy

● explain the basic problems with which macroeconomics is concerned

● define basic macroeconomic terms and concepts

● construct and interpret tables and graphs use models to express macroeconomic relationships and explore the implications of changed assumptions correctly

● apply macroeconomic terms and concepts when discussing economic issues

● identify the contributions as well as the limitations of macroeconomics in solving current economic problems

● calculate and interpret major economic indicators such as the CPI, GDP, inflation, and unemployment

● use the aggregate demand and supply model to analyze short run economic fluctuations and make predictions about possible long run outcomes

● apply the aggregate demand and supply model to express the relationship between prices and output and explain business fluctuations

● apply a money market model to show how interest rates are determined and what causes them to change

● build and apply a formula for the multiplier and interpret it

● apply a theory for inflation

4. REQUIRED TEXTBOOKS AND MATERIALS:

Ragan, Christopher T.S. Macroeconomics, 16 th Canadian edition. Pearson Canada, 2020. Student Access Code for MyLab Economics

Instructor Course ID: roberts09030

REGARDING VOICE OR VIDEO RECORDINGS

Video or voice recording in class potentially violates the privacy rights of instructors and other students. Video or voice recording in class is not permitted unless you have requested and received approval from the instructor, and any other individuals present, prior to recording.

EARLY ALERT SYSTEM at KPU

During the course of the semester, if I am concerned about your progress, I may use the Early Alert Response System (EARS) to connect you with student services who will work with you to find additional resources or supports that may increase your chances of success. Such assistance may include putting you in touch with an academic advisor, a tutor, financial aid, a counsellor or another faculty member. Please be advised that the information is shared with those on a need to know basis and is sent because I care about your progress and success in this course. For more information, check the website – http://kpu.ca/earlyalert

5. TENTATIVE SCHEDULE OF TOPICS*

*It is the students’ responsibility to check the following webpage for Admission dates and deadlines: http://www.kpu.ca/registration/dates/full-semester

6. INSTRUCTOR’S POLICY ON LATE OR MISSED ASSIGNMENTS AND EXAMS

Each assignment must be uploaded by 11:59 pm (on the date it is due. All quizzes will be completed through MyLab Economics, and quizzes must be done by the deadline. Late quizzes and assignments will not be accepted. Make-up midterm examinations will be given only in extenuating circumstances, and the following requirements must be met:

1. An official explanation is submitted. If you will be missing a graded evaluation due to medical reasons, you are required to produce a note from a physician. The note must clearly state that the doctor certifies you are ill and the dates that you are unable to satisfy course requirements. The University reserves the right to contact the physician's office, not to discuss confidential specifics, but to verify that the note is legitimate.

2. The instructor is to be notified by telephone, voicemail or email on the day of the exam, prior to the exam. 

Note: Accommodation may require the student to write an exam in the Testing Centre and the invigilation fee (currently $40) is the student’s responsibility.

7. DETAILED SUMMARY OF EVALUATION SCHEME

8. INSTRUCTOR’S POLICY ON THE FORM IN WHICH STUDENTS SUBMIT THEIR ASSIGNMENTS/PROJECTS

Either hand-written or type-written assignments are acceptable; they must be uploaded as a pdf file to Moodle on the due date. Midterms and the final exam are timed; they must be completed on Moodle during the time window. All quizzes will be completed through MyLab Economics, and quizzes must be done by the deadline. The course ID is roberts09030. Personal information on this web site may be stored on a server outside of Canada. If you have a concern about the safety of your personal information, please use a pseudonym and let me know what name you will be using.