Macroeconomics Topics For Assignment Sheet

Most individuals probably understand the economic concepts of unemployment and inflation. Unemployment reflects the number of people out of work who are actively seeking work, and inflation indicates an overall rise in the price level of most, but not all, goods and services. This unit will give you a deeper look at these concepts, as well as their interrelationship.

Consider first that inflation erodes the purchasing power of the dollar - or any other monetary unit, like the euro, yen, or pound. By distinguishing between nominal income, or the actual amount of money, and real income, or the amount of goods and services it can buy, macroeconomics helps measure the effects that inflation has on an economy and on its constituents' standards of living. Second, consider some details about unemployment. There is the labor force, which includes both the employed and unemployed, or those able and willing to work but not currently working, and those not in the labor force, including full time students, nonworking spouses, and retirees. Third, adding another layer of evolving depth, this unit defines and describes three types of unemployment: frictional unemployment (or temporary unemployment); structural unemployment (affecting whole sectors of the economy); and cyclical unemployment (caused by downturns in the economy).

To better understand the interrelationship between unemployment and inflation consider the following unlikely event. Suppose everyone who was seeking a job got one tomorrow, began earning income, and spent their income. As it would take longer for the products to arrive in retail stores, there would be a lot of money chasing a few goods. Consequently, unemployment would fall and the overall price level would rise. Gaining further depth in the progression of this course, the differences between our expectations for inflation and our observations of it tend to reinforce the notion that expectations play a large role in macroeconomics.

Completing this unit should take you approximately 20 hours.

Principles of Macroeconomics

ECON 2301 PCM--Open Campus Syllabus

PCM = Internet Based

11 week Summer session

May 28--Aug 11

Summer 2013

PCM-Internet based Distance Learning Section

Econ 2301 31950 DIL 046

NOTE: This syllabus may undergo minor changes up to the first day of the semester. The syllabus as it stands on the first day of the semester will be the final arbiter of all questions about the course, its assignments, its due dates, and its grading methodology. Small changes to the syllabus as it now stands might be made before the first of the semester. If you download this syllabus a substantial time before the beginning of the semester, I encourage you to check back to see if there have been any changes, such as deadline changes or grading changes, the first few days of class.


Richard Croxdale

Office Hours:How:May 28---Aug 11
in person2-3 Tth
asynchronous:Email and Discussion Board at any time, I will respond within 24 hours.
 by phone:656-9534


Rio Grande Campus

Rm. 010


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Messages: Please feel free to leave messages on Mr. Croxdale's voice mail at 656-9534. He will return the calls as soon as he is in the office again.


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 Blackboard: Blackboard is an on-line classroom management tool. It includes a gradebook, an announcements page, and a facility for administering on-line tests and quizzes.

Course Announcements will be posted to Blackboard; midterm exams will be administered through Blackboard; and your course grades can be accessed through Blackboard. In addition to the email address given above and the course listserv, communication will be done through the Discussion Board that is part of the course's Blackboard site.

Blackboard's URL is This is the URL for ACC's Blackboard site. Do not go to, the company's own site.


If you have not created your new ACC Username or Password through ACCeID Manager, then please go to this link:

Do not fill in your Username and Password on this page, since you do not have either yet. DO CLICK on “First-Time Login.”

Your ACCeID will be the first letter of your legal, given, first name and your seven digit ACC ID number. For example, fictional student John Keynes might have this Username j0067701.

Once you submit this Username, just follow the instructions.

The first day students can access Blackboard is typically the day after regular registration ends.

Helpful Hint: Once you are logged into ACC's Blackboard site, the easiest way to navigate the this course's Blackboard content is by first clicking on the "Courses" tab in the upper left hand corner of the first Blackboard page that comes up. Then click on the name of the course: Course ID: 212F-10503-ECON 2301-001: Principles of Macroeconomics. You are then taken to the course's main Blackboard page. It is much easier to find the "User Tools" button and the "Assignments" button, where the links to the on-line exams can be found, than if you try to navigate from the very first page that comes up when you log onto Blackboard

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Course Description:

The purpose of this course is to familiarize the student with the generally accepted principles of macroeconomics. Though ultimately based on the actions of individual households and business firms, macroeconomics deals with aggregates--i.e., consumers as a whole, producers as a whole, exporters and importers as a whole, the effects of government spending and taxation, and the monetary policy of the central bank. Macroeconomics is concerned with such things as unemployment, inflation, and the business cycle.

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Departmental Course Description, Rationale, Common Course Objectives/Student Outcomes, and Departmental Quiz 

  1. Course Description- Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation, and the business cycle.
  2. Course Rationale- This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over national economic policy reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economics, government, and social work courses.
  3. Common Course Objectives/Student Outcomes. Students who complete this course will be able to understand:
    • the meaning of unemployment and inflation data and how that data is collected and computed;
    • the meaning and components of the National Income Accounts, especially GDP;
    • the meaning of the business cycle and its phases;
    • and to manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy;
    • how fiscal policy operates, its tools, and its advantages and drawbacks;
    • how a fractional reserve banking system works;
    • how monetary policy operates, its tools, and its advantages and drawbacks.

Instructional Resources:


1. Economics Today: The Macro View plus MyEconLab plus eBook 1-semester Student Access Kit, 16/E, by Roger LeRoy Miller (Pearson/Prentice Hall, 2012).
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Learning Objectives:

The examinations in this course are based on learning objectives composed by the instructor that you can find on Blackboard. Read these objectives carefully before you read the corresponding chapter in the textbook. The learning objectives are correlated exactly with the questions on the exams and are more detailed than the ones that can be found under "objectives" in the textbook's web site. 

In general, after studying each chapter, you should be able to:

  1. Answer questions about the topics the exam over that chpater will cover
  2. Define all the key terms introduced in the chapter and review the "what you should know" section at the end of the chapter.
  3. Answer questions in the Sample Tests in MyEconLab.
  4. Successfully complete the Homework Assignment over the chapter in MyEconLab.
  5. Take the Quiz over the chapter assigned in MyEconLab by your instructor.

The learning objectives are there to help you focus your mind on the important concepts and theories discussed in the unit. The exams will test your knowledge of and ability to apply these learning objectives. Knowing this will help you efficiently allocate your mental energies.

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Economics Today: The Macro View plus MyEconLab plus eBook 1-semester Student Access Kit, 16/E:

This is a traditional introduction to macroeconomics college textbook. If you buy this text new, an access kit granting students access to the on-line homework site, MyEconLab, and the associated eBook has been added.

Some version of the textbook, new, used, or eBook, is required. So is access to the course's MyEconLab site.

You can buy the eBook and MyEconLab together as a package without the hardcopy of the textbook if you so desire. Instructions on how to do so can be found below.

You can buy used copies of this text also. In fact, I see no reason why you couldn't use the 13th or 14th editions if you can find them. (Hint: Search engines). However, you need to be careful here, because in all probability you will not receive a access kit that has not been used, even if you buy a used 15th edition. So, if you do buy used, you will most likely still need to buy access to MyEconLab. Instructions on how to do this can also be found below.


  1. ACC Bookstores have the following textbook for sale:  Economics Today: The Macro View plus MyEconLab plus eBook 1-semester Student Access Kit, 16/E, by Roger LeRoy Miller (Pearson/Prentice Hall, 2012). ISBN-10: 0132744651 | ISBN-13: 9780132744652. This package will contain a hard copy of the text and an Access Code for MyEconLab and the eBook.

    I estimate the selling price will be $187 with an access kit for MyEconLab and the eBook.

    If the ACC bookstore at the campus nearest you does not carry this text, it can have it sent over from the main ACC bookstore. The main ACC Bookstore is located at 824 W. 12th Street. This is near the Rio Grande Campus. Its telephone number is (512) 480-0815. You can order the text on-line through the ACC Bookstore by visiting

    This textbook can be purchased on-line also. For example, on August 8, when I wrote this, Amazon had 8 new copies with an access code for MyEconLab for sale from $139 and no used copies. Of course if you find a used book does not have an access code for MyEconLab, the access code will have to be purchased separately for $50. If you do buy your copy on-line, be sure to do so at least two weeks in advance of the start of the semester. Students in previous semesters have told me that their on-line orders are very slow to arrive.

  2. If you wouldn't mind using just the eBook (no hard copy), you can buy access to the eBook when you sign up on-line for MyEconLab.  The eBook plus MyEconLab costs $100. The eBook will contain exactly the same material as the hardcopy of the textbook available in the bookstore. You can also purchase MyEconLab with a loose leaf, 3-hole punched hard copy for $105 directly from the publisher, or you can purchase access to MyEconLab as a stand alone product for $50.

    Here are the instructions for registering for Myeconlab


    To register, you will need a student access code and a course ID (provided by your instructor.) If you
    purchased a new textbook, it should have come with a Student Access Kit that contains a code you can
    use to register. If you do not have a Student Access Kit, you can purchase access online with a major
    credit card.

    Croxdale Macro Summer 2012
    Course ID: croxdale95894


    Croxdale Macro Summer 2012
    Course ID: croxdale95894

    1. Go to and click the Student button, in the Register section.

    2. Enter the course ID, and click Continue.

    3. If you have an existing Pearson account, Sign in with your existing user name and password, if not
    click Create an account.

    4. Choose to register an access code, or purchase access with a credit card / PayPal. If you are
    waiting on financial aid to purchase your course materials, select the Get temporary access
    without payment for 17 days at the bottom of the page.

    5. Follow the instructions to complete your registration. Check your email for your registration

    To log into your course

    1. Go to
    2. Click on Sign In
    3. Enter your username and password, then click Sign In

    4. Click on the course name on your Courses home page to begin working in your course.

    Be sure to click on the Browser Check link on the Announcements area. This instillation wizard will
    walk you through necessary plugins and players that you will need to use the MyEconLab resources.

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MyEconLab--Student Features:

(The following information about MyEconLab was taken from the publisher's web site at It is worth a visit since additional information is present on that page. You may also take the regular tour now available on the MyEconLab home page:

Students benefit when they arrive for class confident and prepared. MyEconLab is the only online assessment system that gives students the tools they need to learn from their mistakes right at the moment they are struggling.

  1. Personalized Study Plan

    A Study Plan is generated from each student's results on Sample Tests and instructor assignments. Students can clearly see which topics they have mastered-and, more importantly, which they need to work on. The Study Plan links to additional practice problems and tutorial exercises to help on those topics.

  2. Unlimited Practice

    Many Study Plan and instructor-assigned exercises contain algorithmically generated values, ensuring students get as much practice as they need. Every problem links students to learning resources that further reinforce concepts they need to master.

  3. Learning Resources

    In the lower-left corner of each practice problem is a link to the eText page discussing the very concept being applied. Students also have access to guided solutions, animated graphs, audio narratives, flashcards, and live tutoring. MyEconLab has a suite of graphing tools for practice and current news articles that tie chapter topics to everyday issues.

  4. Test and Other Assignments

    MyEconLab comes with two pre-loaded Sample Tests for each chapter so students can self-assess their understanding of the material. Instructors can assign these Sample Tests or create assignments using a mix of publisher-supplied content and their own custom exercises.

The instructor of this course strongly encourages students to take the product tour of MyEconLab available here:

Important information about MyEconLab is contained in this tour. Please be sure to view all four parts of the tour:
  1. Welcome
  2. Getting Your Computer Ready to Use MyEconLab
  3. Using MyEconLab to Study on Your Own
  4. Using MyEconLab to Do Assigned Work
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Recommended Study Method:

As a student you should:

  1. Spend as much time studying for this non-traditional course as you would have spent if you had registered for this course in its traditional lecture format - going to lectures and doing homework. This translates into about 12 hours a week for a 16 week course.
  2. Not procrastinate, and you should not cram for exams. Set up a regular study schedule for this course and stick to it!
  3. Read the learning objectives supplied by the instructor. The learning objectives listed in the textbook at the beginning of each online chapter are more general than those composed by the instructor. The instructor's learning objectives will be correlated to the examination questions.
  4. Study the assigned textbook material. This includes the "Issues and Applications" sections found at the end of most chapters.
  5. Complete the Study Plan and relevant Sample Test over the chapter you are studying. Re-study the material you were weak on.
  6. Go to the Study Plan again and take the second Sample Test for the chapter. Once again re-study the material you are still weak on.
  7. Do all of the Homework for the chapter you are studying. This Homework is graded but can be taken over and over again until you get it right.
  8. Take the relevant Quiz for that chapter after you feel comfortable with the material the chapter covers.
  9. Take the four midterm exams and the final by their assigned deadline dates.
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Reading the textbook thoroughly is the key to doing well in this Distance Learning course. Distance Learning courses have no lectures to help you understand the material being covered. You must rely almost completely on the textbook to help you understand the material. This is why reading, and re-reading the text is so essential.

I recommend that you take these steps in reading each chapter.

Step One: Skim the chapter. Spend three to five seconds looking over each page of the chapter.

Step Two: Quickly read over the chapter again reading only the title of the chapter, the learning objectives, all the headings and sub-headings in the chapter, all the words in bold print, and all the words in the left column of each page in the chapter.

Step Three: Read the introduction of the chapter, the first paragraph of each section or subsection in the chapter and the first sentence of all of the other paragraphs in the section or subsection. Finally read the summary of the chapter.

Step Four: Without referring back to the chapter make a list of all the important concepts, terms, ideas, theories, and laws that you can remember.

Step Five:  Read the introduction, the learning objectives, and the summary of the chapter in the "end-of-chapter" section of the textbook.

Step Six: Revise and improve your list and then use it to make the outline/map of the chapter.

Step Seven: Read the chapter in the text completely and thoroughly.

Step Eight: Revise and improve your outline/map once again. This time add the key terms to the appropriate places in your outline/map if they had been included before this time.

Step Nine: Complete a Study Plan for the chapter in MyEconLab.

Step Ten: Revise your outline/map one more time.

Step Eleven: Review your outline/map every four or five days until the exam and then use it to prepare for the exam.

If you read your textbook in this structured and disciplined way, you will learn much more than if you approach your reading task in an unorganized manner, and you will do much better on the exams than you would otherwise do.

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Chapter 1: The Nature of Economics

Chapter 2: Scarcity and the World of Trade-Offs

Chapter 3: Demand and Supply

Chapter 4: Extensions of Demand and Supply Analysis

Test over UNIT I due by June 14 for extra credit points.
Learning Objectives for Exam 1

Chapter 5: Public Spending and Public Choice
Chapter 6: Funding the Public Sector

Chapter 7: The Macroeconomy: Unemployment, Inflation, and Deflation

Chapter 8: Measuring the Economy’s Performance

Chapter 9: Global Economic Growth and Development

Test over UNIT II due by June 28 for extra credit points.
Learning Objectives for Exam 2

Chapter 10: Real GDP and the Price Level in the Long Run

Chapter 11: Classical and Keynesian Macro Analyses

Chapter 12: Consumption, Real GDP, and the Multiplier

Chapter 13: Fiscal Policy

Test over UNIT III due by uly 15 for extra credit points.
Learning Objectives for Exam 3

  Chapter 14: Deficit Spending and the Public Debt

  Chapter 15: Money, Banking, and Central Banking

Chapter 16: Domestic and International Dimensions of Monetary Policy

Chapter 17: Stabilization in an Integrated World Economy
(Skip Chapters 18, 32, and 33)

Test over UNIT IV due by Aug 4 for extra credit points.
Learning Objectives for Exam 4


 FINAL EXAM due by Aug 9.

All midterm exams will be available on Blackboard for re-testing purposes through Aug. 11.
All re-tests of midterm exams must be taken before Aug 11.
There will be absolutely no testing or re-testing over midterm exams after Aug. 11.
There is no re-test for the final exam.


Important Note: If you take these tests on time you will receive extra credit points that will improve your grade. See "Extra Credit Points" under "Grading" for details. The total value of these extra credit points is equal to 3.75% of the course grade. You can earn additional extra credit points by doing more than the required MyEconLab Homework & Quizzes. Details about all the extra credit points available can be found under "Extra Credit Points" below.

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All exams, including the final exam, are objective, multiple-choice question exams.

Exams are based on the learning objectives students are expected to master. For more information on learning objectives, please see the section on "Learning Objectives"  in this syllabus. Furthermore the exam questions will be drawn exclusively from the textbook, Economics Today: The Macro View.

The exams over each Unit assigned will include ten questions over each chapter assigned for each Unit -- forty questions in all. The questions will appear on the exams in the order in which the chapters were assigned for the Unit. For example, on the first exam the first ten questions will cover Chapter 1, the next ten will cover Chapter 2, the third ten will cover Chapter 3, and the last ten will cover Chapter 4. Indeed the questions will be numbered in exactly the same way as the learning objectives  the questions are associated with are numbered. 

The midterm/unit exams will be administered over the internet through the course's Blackboard site. You will find them in a folder under the tab for "Assignments" in Blackboard.

There will be ten learning objectives listed for each chapter. Each learning objective will have 10 or more questions connected to it by the testing program used in this course. That program will randomly choose one question from each group of ten for the exam. For example, if an exam is 40 questions long like the exams for this course, then there will be 10 ways to select the first question, ten ways to select the second question, and so on to the fortieth question. The number of different exams this program can generate for one midterm/unit exam is 1040. One billion is 1 followed by 9 zeros. 1040 is 1 followed by 40 zeros.

The online midterm/unit exams will also be timed. You will have 60 minutes to answer 40 questions.

Once again, the midterm exams will be given on the Blackboard internet course platform used by ACC, so students will need to sign on to Blackboard in order to take the exams.

Students will have the opportunity to re-test each exam twice. Students do not have to re-test at all. If a student is satisfied with his score after the initial attempt, he can stop there. If a second or third try is made, the last attempt will completely overwrite (erase) previous efforts.  

So be careful, you can do worse on these re-tests. If you re-test, you will receive the grade you made on your last attempt.

The results of the last re-test will be used in determining your grade. This means there is some risk in re-taking an exam, since you could do worse. This risk is intentional. I put it there hoping that it would give you some incentive to re-study the material if you decide to re-take an exam. Of course, you could do much better on the re-test. If you do I will use that result to calculate your end of the semester grade.

Students will be allowed three attempts on each on-line, mid-term exam--the initial attempt and two re-tests. Blackboard 8 allows these exams to be re-set without the permission of or action by your instructor. If you want to take a re-test, just go to Assignments and the folder that contains the exam you want to re-test. Click on the link for that exam, and a message window will pop up asking you if you really want to re-test. If you indicate that you do want to re-test, then the old grade will be removed and you will be allowed to re-test. You score on the re-test will completely replace your old score on the exam.


For all deadlines click here.  

However, all exams will be available on Blackboard for re-testing purposes through Aug. 11 All re-tests of midterm exams must be taken before Aug. 11 . There will be absolutely no testing or re-testing over midterm exams after Aug. 11 .  There is no re-testing on the final.

Contact the instructor if you are unable to take any of the exams by the listed date.

Contact the instructor if you have fallen behind schedule so that you can put together a plan to catch up.

Final Exam:

The Final Exam must be taken in a Testing Center. Students can not pass the course without taking the final exam.

You MUST show your student ID and a photo ID in order to take an exam at a Testing Center.

The Final Exam can be taken at the Testing Centers on the Northridge, Rio Grande, South Austin, Riverside, Pinnacle, Eastview, Round Rock, Fredericksburg, San Marcos, or Cypress Creek Campuses. The Final Exam will be graded by the Testing Center personnel while students wait for the results.

The final exam will be comprehensive. Two or three questions will be drawn from each chapter covered during the semester. The questions will be arranged in the order the chapters were assigned. Questions over Chapter 1 will be the first ones encountered and questions over Chapter 17 will be the last ones encountered.

Students will be allowed to bring with them a 8.5x11 inch piece of paper with notes written on both sides. This crib sheet must be hand written -- not typed, and it must not be a photocopy. This crib sheet must also be turned in with your answer sheet. You must use a crib sheet even if it has nothing on it except a note saying you didn't prepare a crib sheet with your signature. 

Please make a photocopy of your crib sheet if you want to save it. The original will be taken up with the final exam in the Testing Center and will not be returned to you.

More information about the final can be found on this course's Blackboard site.

There is no retesting on the final exam.

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MyEconLab Homework and Quizzes: is the online study guide which accompanies our Miller text. 25% of your grade, 1000 points, will come from MyEconLab Homework and Quizzes. MyEconLab is required, not optional.

MyEconLab has three types of assignments:

  1. Study Plan: These are ungraded practice questions. You will be given 3 tries, then the system will tell you the correct answer. When you finish, the system will tell you which sections of the chapter you need to focus your study time on.

    Each question will have a panel of Learning Aids to the left of the window. These Learning Aids include

    1. Help Me Solve This - Guided Solutions take you step by step to the correct answer
    2. eText takes you to the page of the text where the information covered by the question is presented even if you did not purchase access to the eBook.
    3. Graphing - allows you to draw a graph of the question to help find an answer
    4. Ask My Instructor - emails the question to me, so I can help you with it

  2. Homework: These are graded question sets, set up like the Study Plan sets.
    Learning Aids are available on Homework assignments, and students will be able to take these assignments over and over again until they get them right.

  3. Quizzes: These are graded assignment sets worth about twice as much as the Homework sets.
    No Learning Aids are available on quizzes while you are working on them, but you will be able to review the graded questions after the deadline with the help of the Learning Aids.
    You will only be allowed three tries on the quizzes. This means that once you submit an answer you cannot go back to change it. It doesn't mean that you cannot leave and reenter the quiz as often as you like before the deadline passes. You will have 75 minutes in total to complete a quiz.

The Results page will give you your scores on each assignment, as well as your overall average.
Quizzes and Homework assignments will have due dates.
You will not be able to do the assignments for credit after their deadlines have passed.



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Grading is based on the total number of possible points available on the exams and the required MyEconLab Homework & Quizzes. There are four required Unit exams and a required final exam. Each midterm exam will consist of 40 questions. Each question on the Unit exams (midterms) is worth 10 points. The final exam will consist of 50 questions. Each question on the final exam is worth 28 points.


Exam 1


(40) X (10)




Exam 2


(40) X (10)




Exam 3


(40) X (10)




Exam 4


(40) X (10)



MyEconLab Homework




MyEconLab Quizzes






Final Exam


(50) X (28)



Total Possible Points



Number of Points needed for Final Letter Grade





















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Extra Credit Points:

There are three ways to for students to improve their grades by earning extra credit points. The total number of extra credit points possible is equal to 13.125% of the 4000 points upon which letter grades will be determined. (In other words, there are actually 4525 points available in the course.)

Extra Credit Type 1: Take the tests on time:

You can earn extra credit points by taking your exams on or before the initial testing deadlines.

You will earn 20 points for each Unit exam taken on or before its deadline. You will not lose these extra credit points if you take the re-test for that unit.

If you take the Final on or before its deadline, you will earn 70 extra credit points.

The total number of extra credit points you can earn by taking the exams on time is 150. This is equivalent to 3.75% of the total points available (4000) from the tests, the final, and required MyEconLab Homework & Quizzes.

Extra Credit Type 2: Completing more than the required number of Homework assignments and Quizzes on MyEconLab:

MyEconLab homework assignments and quizzes constitute 25% of the total points for the course. That is 1000 out of a total of 4000 points. The list of homework assignments and quizzes and their due dates can be found on the MyEconLab web site.

The extra credit comes from the fact that if you actually did all of the homework assignments and quizzes listed on MyEconLab for this course, you could earn many more points than 1000. Every point beyond 1000 that you earn on this part of the course will be added to your extra credit points.

Extra Credit Type 3: Taking MyEconLab Tests on the unassigned chapters of the textbook.:

Chapters 18, 32, and 33 are not assigned and will not be covered on any mid-term exam on Blackboard or on the Final Exam.
However small tests over these chapters will be made available on MyEconLab, not on Blackboard. Each of these tests will be worth 50 points.
If students are looking for another way to improve their grade, then they are encouraged to read these chapters and take these tests.
Students must make 70% or better to earn any points on these tests. This policy is meant to discourage students from taking these tests without reading the chapters.
There will be a total of 250 extra credit points available from these tests. 150 points is 3.75% of 4000 points.
The deadline for completing these extra credit tests is December 16.
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Incompletes are discouraged. They will be given only when extraordinary events intervene so as to make completion of the course impossible. If you want an incomplete, these events must be documented. To receive an incomplete the student must have completed two exams with a grade of C or better. The student must also come by my office to fill out an incomplete grade form. If the form is not filled out, an incomplete grade will not be given.

Incompletes will not be given to students who are behind schedule when the semester nears its end. Nor will incompletes be given to students who need just a few more points to make the next higher letter grade. Plenty of opportunity exists during the semester to accomplish your goals.

If you find yourself way behind or many points short toward the end of the semester, you may withdraw without a grade penalty up to three weeks before the end of the semester. Please read the following note about withdrawals.

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Students are responsible for withdrawing themselves from this course if that is what their personal situation requires. This means that if you have taken only two of the tests and the semester ends without your having withdrawn yourself, then you will receive an F in the course. The instructor makes no promise either implicit or explicit to withdraw students from the course. The instructor does reserve the right to withdraw students who have fallen behind on taking the exams and completing the MyEconLab assignments.

In addition, students should be aware of a change in the law regarding Withdrawals passed by the Texas Legislature in the spring of 2007. Starting in the Fall of 2007, entering freshman will be restricted to six non-punitive withdrawals for the whole of their undergraduate careers while attending state colleges.

The last day to withdraw from this course without penalty is Thursday, November 17.

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Unit Covered

Chapters Covered

Exam Deadline for Extra Credit Points

Location of Exam



1, 2, 3, 4

June 14




5, 6, 7, 8, 9

June 28




10, 11, 12, 13

July 15




14, 15, 16, 17

Aug. 4





Aug. 9

Testing Center

Learning Objectives for Chapters and Exams

All midterm exams will be available on Blackboard for re-testing purposes through Aug. 11 .
There will be absolutely no testing or re-testing over midterm exams afterAug. 11 .
There is no re-test for the final exam.


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Scholastic dishonesty: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework.

Students with disabilities: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester. 

Academic Freedom: Each student is strongly encouraged to participate in class discussions. In any classroom situation that includes discussion and critical thinking, particularly about economic and political ideas, there are bound to be many differing viewpoints. Students may not only disagree with each other at times, but the students and instructor may also find that they have opposing views on sensitive and volatile topics. It is my hope that these differences will enhance class discussion and create an atmosphere where students and instructor alike will be encouraged to think and learn. Therefore, be assured that your grades will not be adversely affected by any beliefs or ideas expressed in class or in assignments. Rather, we will all respect the views of others when expressed in classroom discussions.

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