Approved by University Studies Sub-Committee. A2C2 action pending.
WINONA STATE UNIVERSITY
PROPOSAL FOR UNIVERSITY STUDIES COURSES
Department ____________Economics and Finance_________________ Date _______3/31/03__________
_Economics 303________ _Intermediate Macroeconomics ________ __3___
Course No. Course Name Credits
This proposal is for a(n) __X__ Undergraduate Course
Applies to: __X__ Major ___X___ Minor
__X__ Required __X_ Required
_____ Elective _____ Elective
University Studies (A course may be approved to satisfy only one set of outcomes.):
Basic Skills: Arts & Science Core: Unity and Diversity:
_____ 1. College Reading and Writing _____ 1. Humanities _____ 1. Critical Analysis
_____ 2. Oral Communication _____ 2. Natural Science _____ 2. Science and Social Policy
_____ 3. Mathematics _____ 3. Social Science _____ 3. a. Global Perspectives
_____ 4. Physical Development & Wellness _____ 4. Fine & Performing Arts _____ b. Multicultural Perspectives
_____ 4. a. Contemporary Citizenship
_____ b. Democratic Institutions
Flagged Courses: __X_ 1. Writing
_____ 2. Oral Communication
_____ 3. a. Mathematics/Statistics
_____ b. Critical Analysis
Prerequisites ________Economics 202, English 111_________________________________________
Provide the following information (attach materials to this proposal):
Please see Directions for the Department on previous page for material to be submitted.
Attach a University Studies Approval Form.
Department Contact Person for this Proposal:
_______Mary Ann Pevas _______5183_____ email@example.com_____
Name (please print) Phone e-mail address
Department or Program: Economics
Course Number: 303
Semester Hours: 3
Frequency of Offering: Every semester
Course Title: Intermediate Macroeconomics
Catalog Description: This course presents a theoretical perspective on national income accounting and measurement; the determination of national economic activity; economic growth; consumption, investment, government spending and new exports; design and effects of fiscal and monetary policies, inflation. Prerequisites: ECON 202, ENG 111.
This is an existing course previously approved by A2C2: Yes
This is a new course approval: No
University Studies Approval is requested in: Writing Flag.
Department Contact Person: Mary Ann Pevas, firstname.lastname@example.org; 457-5183.
Attachments: A copy of a syllabus is attached. This is the syllabus that the faculty member that normally teaches this course uses. The parts of the course that address the outcomes required to get a writing flag for this course are indicated.
As required by the approval process, the following address the outcomes listed for the Writing Flag and further document course content and learning activities relevant to these outcomes.
The students experience with the processes and procedures used in successful research and writing in the economics of this course will be practiced in a semester long project of four phases of reporting and receiving feedback from the instructor at each phase. These phases involve choosing a topic of interest to pursue, reading in non-technical more popular literature as well as in technical journals, presenting a written report on their findings, selecting a theoretical model and data which they will use to experience hypothesis testing of the theory related to their topic, and finally, create a composite paper which will be posted for all in the class to review and critique. Since this is a significant project, 50% of the final grade will be based on this progressive and closely monitored endeavor.
Essay type questions which will be three quarters of each exam will require students to organize their answers in a logical manner and present their logic in answering the question at hand. Answers are graded on the basis of their selecting of content as well as the presentation of the answer.
Through the processes described above, students will see that writing in this field requires an understanding of the theory and their respective models as well as a growing ability to do critical analysis using the models presented on each of the topics selected. They will also understand that a necessary result of their work is the application of that theory in multiple arenas, such as money markets, labor markets, economic journalism, and on the job presentations of a joint project. For instance, if one grasps the core of a model for the relationship between the unemployment rate and inflation, a person in any given situation in the economy would be able to study current conditions and adjust their behavior accordingly so as to minimize their losses and maximize gains, whether that be in marketing now or later, investing now or later, or in exercising their responsibility as a citizen in choosing how to vote.
Readers in this field expect topics to be presented in a cause-effect framework that often leads to the use of well known economic models. Students are made aware that their presentations in writing and otherwise needs to include this type of analytical exercise. As an illustration, take the case of a research project that is trying to determine the impact of a change in monetary policy on the unemployment rate. Use of macroeconomic models would serve as guiding principles through which some projections could be made and used in the business place.
Students are expected to access different electronic databases which are relevant to the content of this course. Of particular importance to this course are the Federal Reserve System databases, the Bureau of Economic Analysis, the Bureau of Labor Statistics, and the like that can be accessed online. Students will also be expected to use the library resource databases such as the JStor database as well as the more traditional search techniques in both technical and non-technical publications. Also, the Department of Economics and Finance has several additional databases, some in CD-roms and some in local servers.
The guidelines issued by the American Economic Association provide the acceptable format most often used in the field of economics. A strong emphasis is placed on the use of mathematical models and statistical information as evidence. To underscore the importance of using the right format and proper use of quantitative evidence (whether in descriptive, graphical, or statistical form), a percentage of the grade is reserved for these aspects of the project.
SYLLABUS FOR ECON 303
The processes and procedures students will follow with regard to the research project are: