PRINCIPLES OF MACROECONOMICS

ECONOMICS 1022A-650
Department of Economics
Western University
May 2022
General Information:

Instructor: Emilie Rivers

Office: 4080 SSC
Phone: 519-661-2111 ext. 85276
E-mail: [email protected]
Office hours: Thursdays, 10:00AM-12:00PM Eastern Time
• Office hours will be held online
• Office hours sessions must be arranged in advance via email
Delivery mode: online asynchronous
Course website: https://owl.uwo.ca/portal
Undergraduate inquiries: 519-661-3507 or SSC Room 4075 or [email protected]

Registration:

You are responsible for ensuring you are registered in the correct courses. If you are not
registered in this course, the Department will not release any of your marks until your
registration is corrected. You may check your timetable by using the Login on the Student
Services website at https://student.uwo.ca. If you notice a problem, please contact your home
Faculty Academic Counsellor immediately.

Prerequisite Note:

Economics 1021A/B must be taken prior to or at the same time as 1022A/B. Students are
strongly advised to take Economics 1021A/B before taking Economics 1022A/B.

You are responsible for ensuring that you have successfully completed all course prerequisites,
and that you have not taken any anti-requisite courses. Lack of prerequisites may not be used
as a basis for appeal. If you are found to be ineligible for a course, you may be removed from
it at any time and you will receive no adjustment to your fees. This decision cannot be appealed.

If you find that you do not have the course prerequisites, it is in your best interest to drop the
course well before the end of the add/drop period. Your prompt attention to this matter will not
only help protect your academic record, but will ensure that spaces become available for
students who require the course in question for graduation.

Course Objectives:

The goal of this course is to introduce you to the macroeconomic principles that will enable
you to understand and interpret economic events in the world around you. You will learn what

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causes the economy to go through cycles of growth and contraction, and how the government
can influence the economy to attempt to moderate these cycles.

Course Learning Outcomes:

Upon successful completion of this course, students will be able to understand, explain, and
analyze:
§ the various measures of macroeconomic activity.
§ the economic models that determine equilibrium in an economy.
§ how market participants interact with each other and the impact of these interactions
on a national and global level.
§ how economies move through business cycles.
§ how the government uses fiscal and monetary policy to influence economic outcomes.
§ the requirements for long-term economic growth.

Textbook and Course Materials:

Textbook (also available as an eText): MACROECONOMICS Canada in the Global

Environment, Tenth Edition, by Michael Parkin and Robin Bade

MyLab Economics (Required for assessments)

• Website: www.pearsonmylabandmastering.com
• Course ID: rivers40941
• Access code can be purchased with new textbook, with eText access, or separately.
• Students must register for MyLab using their UWO email address and student number.
(Registration instructions are available on OWL.)

Technical Requirements:

• Laptop or computer
• Stable internet connection
• Microphone required for students who would like to attend online office hours.
• Webcam required for students who require a make-up for the Final Exam.

For technical support, see the OWL Help page or contact Western Technology Services
Helpdesk (https://wts.uwo.ca/about-wts/contact.html). Google Chrome or Mozilla Firefox are
the preferred browsers for OWL; update your browser frequently.

Communication:

• Students should check the course OWL site for newly posted course material at the
start of each week.
• Students should check OWL announcements multiple times per week.
• Some important announcements will also be emailed to students’ UWO email
accounts. Students are expected to check their UWO email daily.
• Students should post all course-related content questions on the OWL forum so that

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 everyone can access answers to questions.
• Students are encouraged to answer each other’s questions on the forums. The forums
will be monitored by the instructor or teaching assistant to correct and/or supplement
answers provided by students. Questions not answered by other students will receive a
response from the instructor or teaching assistant after about 48 hours.
• For questions unrelated to course content, please contact the instructor via email from
your UWO email account. Students will receive a response in 24 – 48 hours.

Tentative Course Schedule:

Week Dates Chapters*

1 May 9-13 4
2 May 16-20 5
3 May 24-27 6
4 May 30-June 3 7
5 June 6-10 8
6 June 13-17 9
7 June 20-24 10
8 June 27-30 11
9 July 4-8 12
10 July 11-15 13
11 July 18-22 14
12 July 25-29 Review Week

*Some chapters may have topics omitted. Details on chapter coverage will
be provided on the course website.

Assessments and Grading:

All regularly scheduled assessments in this course will be held online on MyLab. The
tentative date, coverage and weight of the assessments in the calculation of your course mark
are as follows:

Assessment Date Chapters Weight

Test 1 May 25 Ch. 4-5 15%
Test 2 June 15 Ch. 6-8 20%
Test 3 July 6 Ch. 9-11 20%
Final Exam TBD Ch. 4-14 45%

During assessments, students are forbidden to communicate with any person other than an
examination proctor or the instructor. Students are forbidden from using any books, notes,
study guides, diagrams, communication equipment such as a cell phone, computer programs
or software, online resources or websites, or other aids unless specifically authorized by the
instructor. Such authorization must be stated explicitly in the assessment instructions.

Tentative Test Details: Tests will be mixed format. Tests will be 1 hour or less in duration and
will be available 8:00-10:00PM Eastern Time on the date indicated in the table above. Test
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timing will be confirmed and additional format details will be provided one week prior to each
test date.

Students should keep this schedule and workload in mind given their other courses and
commitments. Students should plan ahead to ensure that they have the capacity to complete
the tests on these dates. Students should notify the instructor of conflicts with any of these test
dates no later than May 20.

Tentative Final Exam Details: The Final Exam will be cumulative and will be mixed format.
The Final Exam will be scheduled by the Registrar. Once the date and time of the Final Exam
is available, it will be announced on OWL. Students with a Final Exam conflict must inform
the instructor within one week of the announcement of the Final Exam date.

Policy Regarding Missed Assessments:

Students with an approved absence from a test during the term will have the weight of the
missed test reallocated to the Final Exam. Students who miss more than two tests are likely
not to have met the course learning outcomes and may not be permitted to pass the course,
regardless of grades received on the previous or remaining assessments. They should contact
the instructor for additional steps.

Students with an approved absence from the Final Exam will be required to write a make-up
exam. The make-up Final Exam may differ in length and format from the regularly scheduled
Final Exam and may or may not be held on MyLab. The make-up Final Exam will be
proctored using Zoom.

Students who miss any assessments must follow Western University’s procedures for approval
of their absence in order to receive an accommodation. Please see pp. 7-8 of this syllabus for
details on these procedures. If Western University announces any procedures for the approval
of absences during Summer 2022 that supplement or supplant the information provided on this
syllabus, please follow those procedures. Any assessments missed without approval will
receive a mark of zero.

Professionalism, Privacy and Copyright:

• Students are expected to follow the Student Code of Conduct.

• All course materials, including notes and outlines, handouts, videos, practice exercises,
assessments, and similar materials, are protected by copyright. Students may take
notes and make copies of course materials for their own educational purposes only.
• Students may not reproduce (or allow others to reproduce), post or distribute any
course materials publicly and/or for commercial purposes without written consent.
• Recordings (audio or video) are not permitted without explicit, written permission.
Permitted recordings may not be distributed or shared.

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Tips on How to Be Successful in this Class:

1. Start each week by reading the assigned textbook chapter. Then read the course notes
provided for you. The course notes are a synopsis of the chapter. They do not contain all of
the material that you need to know! You must read the textbook.

2. Work as many problems as you need to do to feel comfortable with the material. There are
problems on MyLab, at the end of the chapter in the textbook, and on the course website.
There is no lack of problems to work on! Economics requires active learning. Passively
reading the textbook rarely results in a passing grade.

3. Do not be afraid to ask questions. If you have questions or are struggling with a topic, post
them on the Forum. Your classmates will be happy to discuss your question with you, and
the teaching assistant and I will check the Forum to make sure that no one will lead you
astray.

4. Make it a daily habit to log onto OWL to ensure you have seen everything posted to help
you succeed in this class.

5. Connect with others. Try forming an online study group and meet on a weekly basis for
study and peer support.

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 Please Note
Department & University Policies for Summer 2022

The University expects all students to take responsibility for their own Academic Programs.
Students should also check their registration to ensure they are enrolled in the correct courses.

1. Guidelines, policies, and your academic rights and responsibilities are posted online in
the current Western Academic Calendar at: http://westerncalendar.uwo.ca. Claiming that
“you didn’t know what to do” is not an acceptable excuse for not following the stated
policies and procedures.

2. Students must familiarize themselves with the “Rules of Conduct for Examinations”
http://www.uwo.ca/univsec/pdf/academic_policies/exam/administration.pdf.

3. Cheating as an academic offence: Students are responsible for understanding what it

means to “cheat.” The Department of Economics treats cheating incidents very seriously
and will investigate any suspect behavior. Students found guilty will incur penalties that
could include a failing grade or being barred from future registration in other Economics
courses or programs. The University may impose further penalties such as suspension or
expulsion.

4. Plagiarism: Students must write their essays and assignments in their own words. When
taking an idea/passage from another author, it must be acknowledged with quotation marks
where appropriate and referenced with footnotes or citations. Plagiarism is an academic
offence (see Scholastic Discipline for Undergraduate Students in the Western Calendar at
http://westerncalendar.uwo.ca/PolicyPages.cfm?Command=showCategory&PolicyCategor
yID=1&SelectedCalendar=Live&ArchiveID=#Page_20).

Western University uses software to check for plagiarism and students may be required to
electronically submit their work. Those found guilty will be penalized as noted in point 3.

5. It is a Department of Economics policy that NO assignments be dated, stamped or accepted

by staff. Students must submit assignments to the instructor.

6. Appeals: University policies and procedures for appealing a mark can be found in the
Student Academic Appeals section in the current Western Academic Calendar at:
http://westerncalendar.uwo.ca/PolicyPages.cfm?Command=showCategory&PolicyCategor
yID=1&SelectedCalendar=Live&ArchiveID=#Page_14. Please note the relevant
deadlines.

Department of Economics procedures for appealing a mark can be found here:

https://economics.uwo.ca/undergraduate/program_counselling/responsibilities_policies.ht
ml#appeals. The Department will not consider an appeal unless an attempt has been made
to settle the matter with the instructor first. Students who remain dissatisfied with the
outcome may proceed to submit an appeal to [email protected]. Please follow the
instructions and use the appeal form shown in the above link.

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7. Systematic adjustments of a class grade distribution (either up or down) can occur in
Economics courses. The fact that grades have been adjusted is not grounds for an appeal.

8. Note the following add and drop deadlines:

Policy Regarding Makeup Tests and Final Examinations

Faculty of Social Science policy states that oversleeping or misreading an exam schedule is
NOT grounds for a makeup. This rule applies to midterm and final exams in the Department of
Economics.

Policies Regarding Academic Accommodation

• The Faculty of Social Science’s policies on academic accommodation are found at

https://counselling.ssc.uwo.ca/procedures/academic_consideration.html

• Accommodation for Students with Disabilities: Students with disabilities or

accessibility challenges should work with Accessible Education (formerly SSD,
see http://academicsupport.uwo.ca/accessible_education/index.html), which provides
recommendations for accommodation based on medical documentation or
psychological and cognitive testing. The accommodation policy can be found here:
Academic Accommodation for Students with Disabilities.

• Rewriting Exams and Retroactive Reweighting are NOT Permitted: Students who
proceed to write a test or examination must be prepared to accept the mark. Rewriting
tests or examinations, or retroactive reweighting of marks, is not permitted. Self-
Reported Absences cannot be used once a student has proceeded to start to write a test
or exam.

• Self-Reported Absences: Students will have one opportunity during summer term to
receive academic consideration if they self-report a missed assessment using the online
self-reported absence portal, provided the following conditions are met: the assessment
is missed due to an absence of no more than 48 hours in duration, and the assessment for
which consideration is being sought is worth 30% or less of the student’s final grade.
Students are expected to contact their instructors within 24 hours of the end of the period
of the self-reported absence, unless noted otherwise on the syllabus. Students are not able
to use the self-reporting option in the following circumstances:

• for exams scheduled by the Office of the Registrar (e.g., final exams)
• absence of a duration greater than 48 hours
• assessments worth more than 30% of the student’s final grade
• if the student has opened or started the test or exam
• if a student has already used the self-reporting portal twice during the fall/winter
terms

If the conditions for a Self-Reported Absence are not met, students will need to provide
a Student Medical Certificate (SMC) if the absence is medical or provide appropriate
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 documentation if there are compassionate grounds for the absence in question. Students
are encouraged to contact their Faculty academic counselling office for more information
about the relevant documentation. It is strongly recommended that students notify the
instructor as soon as possible, ideally before the assessment, when they become aware
of an absence. University policy is that students must communicate with their instructors
no later than 24 hours after the end of the period covered by the SMC or immediately
upon their return from their documented absence. Failure to follow University policy
and procedures may result in denial of academic accommodation and a grade of zero.

• Self-Isolation Reporting Tool: Students who are required to self-isolate due to COVID-
19 should complete the Self-Isolation Reporting Tool (SIRT). By using this, students are
attesting that they must self-isolate as a result of direction obtained from a COVID-19
Self-Assessment. The information entered on this tool will be used by Academic
Counselling to assess your need for academic considerations. Students should note that
this tool is intended for self-isolation due to COVID-19 only and those who complete this
form will be expected to remain off-campus for at least five days. Students are expected
to contact their instructors within 24 hours of the end of the period of their self-isolation
period, unless noted otherwise on the syllabus.

• Documentation for Accommodation: Individual instructors are not permitted to

receive documentation directly from a student, whether in support of an application for
consideration on medical grounds or for other reasons. All required documentation
for absences that are not covered by the Self-Reported Absence Policy must be
submitted to the Academic Counselling office of a student's Home Faculty.

• Western University policy on Consideration for Student Absence is available here:

Policy on Academic Consideration for Student Absences - Undergraduate Students in
First Entry Programs.

• Student Medical Certificate (SMC): This form is available here:

http://www.uwo.ca/univsec/pdf/academic_policies/appeals/medicalform.pdf

• Religious Accommodation: Students should consult the University's list of

recognized religious holidays and should give reasonable notice in writing, prior to the
holiday, to the Instructor and an Academic Counsellor if their course requirements will
be affected by a religious observance. Additional information is given in the Western
Multicultural Calendar.

Policy Regarding Class Attendance and Engagement: If the instructor deems a student’s
attendance or engagement in the class to be unsatisfactory, that student may be prohibited from
writing the final examination. Examples of unsatisfactory class engagement include frequent
absences from an in-person or synchronous online class, lack of assignment submissions, and
inadequate use of online course materials. Instructors who intend to make use of this policy will
notify the student in advance.

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Statement on Mental Health and Support Services: Students under emotional/mental
distress should visit https://uwo.ca/health/mental_wellbeing/ for more information and a
complete list of resources on how to obtain help.

Statement on Remote Proctoring: While Western intends to hold most classes, mid-terms
and finals in-person, the London-Middlesex Health unity may require Western to teach in a
remote format. If this occurs, all assessments will be done remotely and may involve the use of
remote proctoring software (i.e., Proctorio, ProctorTrack). Instructors will provide information
on the details should the need arise.