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St. Philip's College · - · ECON-Economics

Principles of Macroeconomics

  • Full Term Spring 2018
  • Section 034.14702
  • 3-3-0 Credits
  • 01/16/2018 to 05/12/2018
  • Modified 12/17/2017

Meeting Times

This is an online class. You may work on it at any time.

Contact Information

Instructor: Mr. David Kisel

Office Hours

  • Monday, Tuesday, Wednesday, Thursday, 10:30 AM to 12:00 PM, SLC 219 C



A student of this institution is not under any obligation to purchase a textbook from a college-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer. This course requires one of the following textbooks.

The student selects ONE of the following textbooks:

The Economy Today, (w/out Access Code) 14th Edition, by Bradley R. Schiller, ISBN 9780078021862
(This textbook covers the material for both ECON 2301 and ECON 2302.)

The Macro Economy Today, (w/out Access) 14th Edition, by Bradley R. Schiller, ISBN 9781259291821
(This is an alternative textbook that may be used by students that prefer to purchase only the part of the required textbook that covers the material for ECON 2301.)



An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy. This course fulfills the Social and Behavioral Sciences foundational component area of the core and addresses the following required objectives: Critical Thinking, Communication, Empirical Quantitative Skills, and Social Responsibility.


INRW 0420

MATH 0410


This course fulfills the Social and Behavioral Sciences foundational component area of the core curriculum and addresses the following core objectives: Critical Thinking, Communication, Empirical and Quantitative Skills, and Social Responsibility. This course includes various topics and/or assignments that support these objectives and sharpen student skills in these areas.
A graded assignment will be used to measure mastery of these objectives.

The core curriculum proposal offers the following general explanation of how the content of a principles of macroeconomics course may address these core objectives:
Critical Thinking Skills -- Economic data cannot be analyzed without some understanding of logic and human behavior, so critical thinking is an essential part of understanding the principles of economics. The principles of economics fall into three broad categories: how people make decisions, how people interact and how the economy as a whole behaves.
The critical thinking skills that apply to economics, therefore, are those that relate to human and organizational behaviors.
Communication Skills -- Macroeconomics students need excellent communication skills that allow them to both receive and convey complex concepts, theories, explanations, and other information in a clear, understandable manner.
Empirical and Quantitative Skills -- Macroeconomics students apply mathematical formulas to economics concepts and theories in an effort to provide solutions to real-world problems. In order to perform efficiently as professionals and citizens after completing their studies, students must become competent in reading and using quantitative data, in understanding
quantitative evidence and in applying basic quantitative skills to the solution of economic problems.
Social Responsibility -- Macroeconomics examines the fundamentals of the American mixed-capitalistic economy as it relates to social welfare. People are making choices under conditions of scarcity and these choices affect society. Cognizance of how that individual choice-making impacts the whole makes Macroeconomics students better citizens and more informed voters.


1 Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.

2 Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

3 Define and measure national income and rates of unemployment and inflation.

4 Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.

5 Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.

6 Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.

7 Explain the mechanics and institutions of international trade and their impact on the macro economy.

8 Define economic growth and identify sources of economic growth.


A timed, comprehensive final exam is required at the end of this course. Other graded assignments and grade weighting will be determined by the instructor. 


Grading Scale
A 90 - 100
B 80 - 89.9
C 70 - 79.9
D 60 - 69.9
F 0 - 59.9


Grade Calculation  
Chapter Questions 35%
Homework 1 QEP 10%
Homework 2 Excel Lookup 5%
Homework Total 15%
Exam 1 (Chapters 1 -4 ) 10%
Exam 2 (Chapters 5-10) 10%
Exam 3 (Chapters 11-15) 10%
Final Exam (Comprehensive Chapters 1-21) 20%
Exams Total 50%

Course Policies

This is an online class. Students are expected to login at least two times a week. Being inactive for more than a week may lead to being dropped from the class. Each week the class will do about one module. Each module is between 6 - 15 pages in canvas and includes several question activities to check your progress.  The due dates will be listed online and late work will not be accepted this includes exams.  Note that items will be due on Tuesday’s and Thursday’s.  All work will turned in online. It is recommended that students work a few days ahead and not wait till the last minute to work on assignments, as unforeseen circumstances can happen at any time and late work will not be accepted.

It is also expected that students act in a respectful way towards other students (netiquette). Students should check their grades in canvas on a weekly basis and let me know of any discrepancies as soon as possible.

Students are expected to self-advocate. Ask questions when needed, come by my office hours, send questions in Canvas. If you need help do not wait until it is too late. Please do not ask for extra credit work as it would not be fair to the rest of the class for me to only give you an extra assignment. Remember you have to earn your grade.

Students should anticipate spending 4 - 6 hours per week engaged in reading, web-based research, and studying. Academic integrity is expected from all students, and scholastic dishonesty is not allowed. Scholastic dishonesty includes, but is not limited to, cheating on a test, plagiarism, and collusion.

If a student wishes to be dropped before the drop deadline they will need to make the request in ACES. It is the student’s responsibility to request to be dropped.

The best method of communication is the Canvas messaging system. I will not respond to email requests that are sent from personal accounts (emails that do not end in, as the identity of the sender cannot be verified. Also note that some issues may be resolved more efficiently with a phone call or an in person visit.

The OLRN 0001 training is a requirement of St. Philip’s College for all students taking online classes and must be completed by the 3rd day of class (first Thursday). Any students that do not show up on the roster as having completed the training will be dropped before the census date.


Week 1 - Jan. 15 Orientation
Week 2 -  Jan. 22 Module 1
  Part 1: The Economic Challenge
  1. Economics: The Core Issues 
Week 2 - Jan. 22 Module 2
Week 3 - Jan. 29 3. Supply and Demand
Week 4 - Feb. 5 Module 3
  2. The U.S. Economy: A Global View
  4. The Role of Government
Week 4 - Feb. 5 Exam 1
Week 5 - Feb. 12 Module 4
Week 6 - Feb. 19 Part 2: Measuring Marco Outcomes
  5. National Income Accounting
  6. Unemployment 
  7. Inflation
Week 7 - Feb. 26 Module 5
Week 8 - March 5 Part 3: Cyclical Instability
  8. The Business Cycle
  9. Aggregate Demand
  10. Self-Adjustment or Instability?
Week 8 - March 5 Exam 2
Week of March 12 Spring Break
Week 9 - March 19 Module 6
  Part 4: Fiscal Policy
  11. Fiscal Policy
  12. Deficits and Debt
Week 10 - March 26 Module 7
Week 11 - April 2 Part 5: Monetary Policy
  13. Money and Banks 
  14. The Federal Reserve System
  15. Monetary Policy
Week 11 - April 2 Exam 3
Week 12 - April 9 Module 8
Week 13 - April 16 Part 6: Supply-Side Options
  16. Supply-side Policy: Short-run Options
  17. Growth and Productivity: Long-run Possibilities
Week 13 - April 16 Module 9
  Part 7: Policy Constraints
  18. Theory versus Reality
Week 13 - April 16 Module 10
Week 14 - April 24 Part 8 : International Economics
  19. International Trade (35)
  20. International Finance (36)
  21. Global Poverty (37)
Week 15 - April 30 Review for final
Week 16 - May 7 Final Exam


Institutional Policies


A. Attendance:

Student absences will be recorded from the first day the class meets, and beginning Fall 2014, students who do not attend the first scheduled class meeting or contact the instructor will be dropped. Students should verify the drop is completed.

For fully online courses, an attendance verification activity is assigned and must be completed by the 3rd class day.

Effective Spring Term 2010, student absences will be recorded from the first day the class meets. Regular and punctual attendance in all classes and laboratories, day and evening, is required. Students who are absent for any reason should always consult with their instructors. Course syllabi must provide specific information regarding attendance, including, for courses involving the internet, online activity that constitutes “attendance.” Also, both tardiness and early departure from class may be considered forms of absenteeism. In all cases, students will be held responsible for completion of course requirements covered in their absence.

Additionally, it is the student’s responsibility to drop a course for nonattendance. Course instructors establish policy with regard to attendance in their respective syllabi and may drop a student for excessive absences. Absences are considered excessive when more than 12.5 percent of the total contact hours of instruction in a semester, including lecture and lab, are missed. For example, in a three-credit-hour lecture class, students may be dropped after more than six contact hours of absences. In a four-credit-hour lecture/lab class, students may be dropped after more than eight contact hours of absences. Absences are counted regardless of whether they occur consecutively.

In special programs with additional accreditation or certification standards, additional attendance requirements may be enforced but faculty must clearly explain these policies in their syllabi. Students who stop attending class for any reason should contact the instructor as soon as possible.

Failure to officially withdraw may result in a failing grade for the course. It is the student’s responsibility to withdraw officially from a class by submitting request through the Course Withdrawal link in ACES.  Students may be required to consult with an advisor or designee before dropping.

Failure to officially withdraw may result in a failing grade for the course. It is the student’s responsibility to withdraw officially from a class by submitting a completed Withdrawal Form to the Admissions and Records Office.

B. Early Alert and Intervention

Alamo College instructors care about students’ success in every course.  During the semester, students may receive alert emails through the ACES account regarding their progress and ultimate success in a course.  Upon receipt of the email, students are to contact the course instructor to discuss specific tasks or actions to improve success in this course.  In addition, students will also need to meet with their Certified Advisor.  Discussions with faculty and Certified Advisors allows the student to identify actions that will help to successfully complete course requirements at the colleges of the Alamo Colleges District.

C. Student Responsibility for Success (Alamo Colleges District Policy F.6.2):

As members of the Alamo Colleges District learning community, students, faculty, staff and administrators all share the responsibility to create an atmosphere where knowledge, integrity, truth, and academic honesty are valued and expected. A clear acknowledgment of the mutual obligations of all members of the academic community emphasizes this implicit partnership in fostering the conditions necessary for student success.

In this relationship, the Alamo Colleges District provides institutional policies, procedures, and opportunities to facilitate student learning that encourage interaction, involvement and responsible participation. Inherent in the academic climate is the expectation that students will assume responsibility for contributing to their own development and learning. Academic success is directly tied to the effort students put into their studies, the degree to which they interact with faculty and peers, and the extent to which students integrate into the campus life.

1. Engagement

  1. Create connections and build relationships with faculty, staff and students (visit during office hours, join clubs and organizations, participate in student activities, etc.);
  2. Stay informed of policies, procedures, deadlines and events for academic and co-curricular activities;
  3. Complete all requirements for admission, registration, and payment by deadlines;
  4. Apply for financial assistance, if needed, complying with all federal, state and local regulations and procedures;
  5. Meet all federal, state and local health care regulations.

2. Communication

  1. Seek guidance from faculty, advisors or counselors for questions and concerns in regards to degree plans, major selection, academic status, grades, and issues impacting college success;
  2. Develop a peer support system to identify student contacts for questions, group assignments, etc. regarding academic and co-curricular activities;
  3. Communicate with College personnel promptly regarding academic or co-curricular concerns and assistance requests;
  4. Carefully consider the information provided by College personnel and make decisions using that information;
  5. Check the Alamo Colleges District’s Web Services regularly for emails, holds, student records, financial aid status and announcements;
  6. Submit disability documentation if seeking services and request academic accommodations in advance of each semester.

3. Academic Success

  1. Complete courses with passing grades and maintain good academic standing (2.0 GPA) status;
  2. Read and follow all syllabi;
  3. Purchase textbooks and required supplies in a timely manner;
  4. Attend classes regularly and on time, with as few absences, late arrivals, and early exits as possible;
  5. Arrive to class with all needed materials and completed assignments for that class period;
  6. Be attentive in class and actively participate as appropriate;
  7. Devote sufficient time for studying;
  8. Ensure integrity in all aspects of academic and career development;
  9. Accurately represent one’s own work and that of others used in creating academic assignments. Use information ethically and exercise appropriate caution to avoid plagiarism on all assignments;
  10. Notify faculty in advance or as soon as possible about absences and provide documentation as appropriate;
  11. Consult faculty members in advance when unable to complete projects, assignments, or take examinations as scheduled.

4. Self-Responsibility and Responsibility to Others

  1. Maintain accurate and complete degree/certificate major selection and contact information including name, address, phone number and emergency contact;
  2. Balance personal obligations and educational pursuits. Work with a counselor / advisor to design a realistic schedule that dedicates adequate effort to be successful in college studies;
  3. Know and follow the regulations and guidelines outlined in the Student Code of Conduct and Student Handbook;
  4. Maintain respectful and appropriate behavior within and outside the classroom;
  5. Ask for help when needed. Use all available resources and facilities provided by the College to enhance the learning experience;
  6. Attend scheduled advising sessions, tutorials, and other appointments. Cancel or reschedule only with good reasons as early as possible;
  7. Arrive prepared for tutorial sessions, bringing all needed materials (books, syllabi, rough drafts, calculators, assignment sheets, etc.).

D.  Textbook Availability

A student of this institution is not under any obligation to purchase a textbook from a university-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer.

E. Licensed Concealed Campus Carry

No open carry of firearms is allowed on all property owned, controlled, or leased by the College District, including vehicles operated by the Alamo Colleges District. Concealed carry of a handgun by persons licensed to carry may not be restricted except in locations signed as prohibited areas.

  • Special testing locations requiring a complete surrender of personal effects during testing will be signed as prohibited areas. 
  • Persons may be required to place their purse, backpack or briefcase away from their person, but within their view during tests at the direction of their instructor or test administrator.
  • License holders carrying on campus intending to access prohibited areas must leave their weapons locked in their vehicles.  College lockers are not authorized for storage of handguns by license holders.

Disciplinary Sanctions

Open carry, intentional display, unlicensed carry, and carry in spite of signed prohibition are subject to employee and student discipline, as well as possible prosecution. Unintentional display of a weapon by a license holder must be avoided.  Police will exercise their enforcement discretion. 

If you see a person openly carrying or deliberately displaying a firearm:

  • Call the Alamo Colleges District Police 210-485-0911
  • Do not confront the person or ask if the person has a permit

F. Title IX policy

Information and policy regarding Title IX, Civil Rights Discrimination, Harassment, and Retaliation can be found in Board Policy H.1.2.


While other exams are given at the discretion of the instructor, a final assessment is given at the end of each semester for each course. The Final Exam Schedule changes with each term and differs from normal class meeting dates and times. See the Final Exam Schedule in the Catalog/Schedule of Classes in the left hand navigation bar.

A student who must be absent from a final evaluation should petition that instructor for permission to postpone the evaluation. A student absent without permission from a final evaluation is graded "0" on the exam.

Incomplete Grades.  The conditional grade of “I” may be issued to a student having a passing average on all completed coursework but for a justified reason, such as illness or death in the family or by providential hindrance, has been prevented from taking the final examination or completing other required coursework. The “I” becomes an “F” in one hundred twenty (120) calendar days from the end of the term unless the student completes the balance of the coursework with a performance grade of “D” or higher. Re-enrollment in the course will not resolve the “I.”  The student and faculty must fill out an Incomplete Contract, clearly defining the work remaining to be finished.

College Policies

St. Philip’s College Mission Statement

St. Philip's College, founded in 1898, is a comprehensive public community college whose mission is to empower our diverse student population through personal educational growth, ethical decision-making, career readiness, and community leadership. As a Historically Black College and Hispanic Serving Institution, St.Philip's College is a vital facet of the community, responding to the needs of a population rich in ethnic, cultural, and socio-economic diversity. St. Philip's College creates an environment fostering excellence in academic and technical achievement while expanding its commitment to opportunity and access.

 The college fulfills its mission by offering:

1) General courses in arts and sciences leading to an associate degree.

2) Transfer education for students desiring to attend senior institutions.

3) Developmental courses that improve the basic skills of students whose academic foundations require strengthening.

4) Applied Science and technical programs leading to an associate degree or certificate designed to prepare students for employment and/or to update crucial skills.

5) Workforce and Career development training programs for business, industry and government.

6) Continuing education programs for occupational and educational enrichment or certification.

7) Counseling and guidance designed to assist students in achieving their educational and professional goals.

8) Educational support services including library services, tutoring, open usecomputer labs and writing center.

9) Services and appropriate accommodations for special populations, to include adult literacy and distance education.

10) Quality social, cultural, and intellectual enrichment experiences for the community.

11) Opportunities for participation in community service and economic development projects.

St. Philip’s College Quality Enhancement Plan: Ethical Decision Making

St. Philip's College is committed to quality education, as such the focus of the 2016 Quality Enhancement Plan is ethical decision-making which is the ability to connect values and choices to actions and consequences.

QEP FOCUS STATEMENT: Ethical Decision–Making is the ability to connect values and choices to actions and consequences.

QEP GOAL: Students engage in specific measurable academic activities to enhance their ethical decision–making skill

QEP Student Learning Outcomes:

  • Values: Students gain skills to assess their own values.
  • Ethical Issues: Students identify and are knowledgeable of ethical issues.
  • Perspectives: Students analyze various ethical perspectives.


  1. Stop and think to determine the facts.
  2. Identify options.
  3. Consider consequences for yourself and others.

          Make an ethical choice and take appropriate action

 For more information on the Quality Enhancement Plan,

click HERE



Policies for St. Philip's College:

A. All of the colleges of the Alamo Colleges District are tobacco free.

B. Alamo Colleges District DPS Emergency Phone Numbers:

Emergency Phone (210) 485-0911

General Phone (210) 485-0099

Weather Phone (210) 485-0189 (For information on college closures)

C. Disability Access Statement – In accordance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act, it is the responsibility of the student to self-identify with the campus Disability Support Services office. Only those students with appropriate documentation will receive a letter of accommodation from the Disability Services office. Instructors are required to follow only those accommodation and/or services outlined in the letter of accommodation. For further information, please contact the Disability Services office at (210) 486-2199 or SWC (210) 486-7175 or visit the office located:

MLK Campus – Located at the Sutton Learning Center, Ste. 102

SWC – Located in the LIFEspace office, Bldg. 1, A-135

Web -

If you have specific needs, please discuss them privately with your instructor.

D. Mandatory Student Training for Online Classes:

**Note** If you are new to online classes, you are REQUIRED to take the St. Philip’s College Orientation to Online Learning course, OLRN 0001. The free, self-paced, online course will familiarize you with Canvas and will provide helpful tips on being a successful online learner. Register for the OLRN course the same way as any other course. See or call 210-486-2239 for more information.