Faculty

ECON-2301 Principles of Macroeconomics

Chinelo Chukwuemeka

Credit Spring 2026

Section(s)

ECON-2301-026 (34008)
LEC MW 1:30pm - 2:50pm RVS RVSA 2266

Course Requirements

Course Evaluation/Grading System: There will be two quizzes, six homework assignments and 2 exams during the semester.

Homework: The purpose of the homework is to provide you with the opportunity to review, retain, recall and apply the materials covered so as to prepare you for the exams.

Exams: There will two exams based on work done in each module.

Assignments 600
Quizzes 50
Midterm Exam 150
Final Exam 200

Grading System

A 900 - 100

B 800 - 899

C 700 – 799

D 600 - 699

F Below

Week	Date	Contents
1	1/19 (M)	No class- campus closed
	1/21 (W)	Syllabus review, Cengage
2	1/26 (M)	What is Economics About? - Ch 1 & 2
	1/28 (W)	What is Economics About? - review
Assignment 1 Due
3	2/2 (M)	Supply and Demand Ch 4 - Demand
	2/4 (W)	Supply and Demand Ch 4 - Supply
4	2/9 (M)	Supply and Demand Ch 4 - Equilibrium
	2/11(W)	Supply and Demand Ch 4 - Review
Assignment 2 Due
5	2/16 (M)	The Data of Macroeconomics – Ch 10
	2/18(W)	The Data of Macroeconomics – Ch 11
6	2/23 (M)	The Data of Macroeconomics – Ch 15
	2/25(W)	Ch 12 Production and Long Run Growth
Assignment 3 Due
7	3/2 (M)	Ch 13 Saving, Investment and the Financial System
	3/5 (W)	Ch 13 Saving, Investment and the Financial System
8	3/9 (M)	Midterm Review
	3/11 (W)	Midterm Exam
Midterm Exam, 3/11
9	3/16 (M)	No Class – Spring Break
	3/18 (W)	No Class – Spring Break
10	3/23 (M)	Money and Price in the Long Run – Ch 16, 17
	3/25 (W)	Money and Price in the Long Run – Ch 16, 17
Assignment 4
11	3/30 (M)	Ch 20 AS-AD Model - Overview
	4/1 (W)	Ch 20 AS-AD Model – AD curve
12	4/6 (M)	Ch 20 AS-AD Model – LRAS & SRAS curves
	4/8 (W)	Ch 20 AS-AD Model – Equilibrium
Assignment 5 Due
13	4/13 (M)	Ch 21 Monetary and Fiscal Policies – Monetary Policy
	4/15 (W)	Ch 21 Monetary and Fiscal Policies – Fiscal Policy
14	4/20 (M)	Ch 22 The Short-run Tradeoffs between Inflation and Unemployment
	4/22 (W)	Ch 22 The Short-run Tradeoffs between Inflation and Unemployment
Assignment 6 Due
15	4/27 (M)	Ch 22 The Short-run Tradeoffs between Inflation and Unemployment
	4/29 (W)	Final Review
16	Final Exam, Due on 5/6 (Wed)

Readings

Required texts/materials

N. Gregory Mankiw, Principles of Macroeconomics, 10th edition, Cengage, 2023

ISBN-13: 978-0357722961

First Day Access (FDA): First Day / Inclusive Access is an e-book program that Barnes & Noble has created to assist students in an easy way to access textbooks and other course materials. Those materials are available to students on the first day of classes. The cost of materials is part of their ACC tuition for the course and is paid when the tuition for the course is paid. The following video will explain how to access your First Day course materials through Blackboard.
https://www.youtube.com/watch?v=IbblnCvGvVA

Course Subjects

Course description

Credit Hours: 3

Principles of Macroeconomics deals with consumers, producers as a whole, international trade, the effects of government spending and taxation, and the monetary policy of the Federal Reserve. Macroeconomics is concerned with unemployment, inflation, national income, economic growth, and the business cycle.

Prerequisites: Must meet ACC proficiency requirements in Reading, Writing and Math (see the course catalogue or an advisor)

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.

INSTRUCTIONAL METHODOLOGY

Students will use the Blackboard Learning Management System for assignment instructions, submitting assignment and collaboration. ACC Blackboard Support website

Student Learning Outcomes/Learning Objectives

Student Learning Outcomes

Students who complete this course will be able to:

Critically evaluate GDP, unemployment, and inflation data;
Explain the business cycle and its phases;
Manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy;
Explain fiscal policy tools and defend and criticize the usage fiscal policy;
Describe how a fractional reserve banking system works;
Explain monetary policy tools and defend and criticize the usage monetary policy

Discipline Program Student Learning Outcomes

Students who complete this course will be able to:

PSLO 1. Socially Optimal Market Outcomes-Model and explain under what
circumstances markets are capable of creating a socially optimal outcome.
PSLO 2. Socially suboptimal Market Outcomes- Model and explain under what
circumstances markets are capable of creating outcomes that are not socially optimal.
PSLO 3. Economic Policy- Defend and criticize the role of economic policy in a mixed
market economy.
PSLO 4: Economic Data-Critically evaluate economic data

General Education Competencies in this course

Social Responsibility (Civic and Cultural Awareness) - Analyze differences and commonalities among peoples, ideas, aesthetic traditions, and cultural practices to include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities.
Critical Thinking Skills - Gather, analyze, synthesize, evaluate and apply information for the purposes of innovation, inquiry, and creative thinking.
Empirical and Quantitative Skills - Apply mathematical, logical and scientific principles and methods through the manipulation and analysis of numerical data or observable facts resulting in informed conclusions.
Communication Skills - Develop, interpret, and express ideas and information through written, oral and visual communication that is adapted to purpose, structure, audience, and medium.