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Essential Objectives

Course Syllabus

Revision Date: 17-Jul-22

Fall 2022 | ECO-2020-VO03Y - Macroeconomics

Online Class

Online courses take place 100% online via Canvas, without required in-person or Zoom meetings.

Location: Online
Credits: 3 (45 hours)
Day/Times: Meets online
Semester Dates: 11-01-2022 to 12-19-2022
Last day to drop without a grade: 11-10-2022 - Refund Policy
Last day to withdraw (W grade): 11-29-2022 - Refund Policy
Open Seats/Section Limit: 15/17 (as of 08-12-22 7:05 AM)


Carl Hooker
View Faculty Credentials
View Faculty Statement
Hiring Coordinator for this course: Debra Grant

General Education Requirements

This section meets the following VSC General Education Requirement(s) for Catalog Year 21-22 and later:
Social Sciences
  1. Many degree programs have specific general education recommendations. In order to avoid taking unnecessary classes, please consult with additional resources like your program evaluation, your academic program catalog year page, and your academic advisor.
  2. Courses may only be used to meet one General Education Requirement.

Course Description

This course examines national economic systems with emphasis on the United States. Topics include gross national product, business cycles, employment and prices, recession and inflation, fiscal and monetary policy, and rudiments of international trade. Basic algebra skills required.

Essential Objectives

1. Explain the fundamental principles and theories of macroeconomics, including aggregate economic performance, trends in production, consumption, prices, and employment.
2. Describe the development of macroeconomics as a social science, and provide examples of how macroeconomic concepts such as output, unemployment, and inflation can be used to explain human behavior and subsequent historical phenomena.
3. Examine the impact of human social, cognitive, and emotional behaviors on economic decisions of individuals and firms, and discuss the impact of this behavior on consumption, savings, and investment.
4. Identify the principal components of national production, including consumption, investment, government spending, imports/exports, and their interrelation.
5. Explain causes of economic fluctuation, the nature of business cycles and corollary trends in national price levels, and causes and impacts of interest rate levels.
6. Describe national fiscal and monetary policy; analyze their respective roles, historically and in the current economic environment; and explain how different policies impact the behavior of individuals and society.
7. Identify functions of money and activities of the United States banking system including the role of the Federal Reserve System.
8. Compare capitalism with other economic systems and analyze current world economic development in the context of comparative economic systems.
9. Examine current research and analytical methods in macroeconomics and explain how economists apply these methods to analyze and respond to real world events.
10. Explain how macroeconomic theory has contributed to and/or been used to create, maintain, or dismantle systemic social inequities.

Required Technology

More information on general computer and internet recommendations is available on the CCV IT Support page. https://support.ccv.edu/general/computer-recommendations/

Please see CCV's Digital Equity Statement (pg. 45) to learn more about CCV's commitment to supporting all students access the technology they need to successfully finish their courses.

Required Textbooks and Resources

*** This is a no cost textbook or resource class ***

This course only uses free Open Educational Resources (OER) and/or library materials. For details, see the Canvas Site for this class.


  • multimedia presentations and resources
  • readings, writing, and inquiry-based research
  • online chapter discussion forums
  • end of chapter critical thinking questions and problems
  • chapter quizzes
  • midterm and final exams

Evaluation Criteria

Grades will be based on the following distribution:

Written Homework 15%

Quizzes 15%

Participation in Weekly Discussions 40%

Midterm Exam 15%

Final Exam 15%

Grading Criteria

CCV Letter Grades as outlined in the Evaluation System Policy are assigned according to the following chart:

A Less than 9893
A-Less than 9390
B+Less than 9088
B Less than 8883
B-Less than 8380
C+Less than 8078
C Less than 7873
C-Less than 7370
D+Less than 7068
D Less than 6863
D-Less than 6360
FLess than 60 
NPLess than 600

Weekly Schedule

Week/ModuleTopic  Readings  Assignments


Welcome to Economics!
Choice in a World of Scarcity
Demand and Supply
Labor and Financial Markets


Chapters 1-4


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems



Consumer Choices
The Macroeconomic Perspective
Economic Growth

Chapters 5-7


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems



The International Trade and Capital Flows
The Aggregate Demand/Aggregate Supply Model

Chapters 8-11


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems



Midterm Exam



The Keynesian Perspective
The Neoclassical Perspective
Money and Banking
Monetary Policy and Bank Regulation

Chapters 12-15


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems



Exchange Rates and International Capital Flows
Government Budgets and Fiscal Policy
The Impacts of Government Borrowing
Macroeconomic Policy Around the World

Chapters 16-19


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems



International Trade
Globalization and Protectionism

Chapters 20-21


Discussion Forum

Chapter Quizzes

End of chapter critical thinking questions and problems

Final Exam


Attendance Policy

Regular attendance and participation in classes are essential for success in and are completion requirements for courses at CCV. A student's failure to meet attendance requirements as specified in course descriptions will normally result in a non-satisfactory grade.

  • In general, missing more than 20% of a course due to absences, lateness or early departures may jeopardize a student's ability to earn a satisfactory final grade.
  • Attending an on-ground or synchronous course means a student appeared in the live classroom for at least a meaningful portion of a given class meeting. Attending an online course means a student posted a discussion forum response, completed a quiz or attempted some other academically required activity. Simply viewing a course item or module does not count as attendance.
  • Meeting the minimum attendance requirement for a course does not mean a student has satisfied the academic requirements for participation, which require students to go above and beyond simply attending a portion of the class. Faculty members will individually determine what constitutes participation in each course they teach and explain in their course descriptions how participation factors into a student's final grade.

Participation Expectations

To earn full participation points for the week, students should:

Read the assigned material and demonstrate an understanding of those resources in your assignments and posts. Readings and resources should be cited using APA format, footnotes, or another acceptable format. Links to online sources should be embedded within your post

Post an original response to the weekly prompt(s) before Friday at midnight (11:59 PM) AND a minimum of one response to peers before Monday at midnight (11:59 PM). You are welcome to post early and/or more frequently, as your schedule allows, but you will not receive full credit if you do not meet these minimum requirements and/or deadlines. I will also deduct points for poor grammar and spelling and improper . Please also use proper paragraphing in your posts, one long paragraph is not acceptable for college writing.

Posts should be substantive and demonstrate college-level writing. A substantive post is well-developed, a minimum 150 words with a maximum of 250 words, and references the reading or another appropriate source(s). A substantive post is NOT one or two sentences of general statements or unsupported opinions.

There will generally be one discussion forum for each chapter for the week, the above expectations apply to EACH chapter discussion forum. A grading rubric is posted in the forum as well as covered in a lecture.

Missing & Late Work Policy

Late assignments can be submitted up to one week past the deadline. You will lose 15% for an assignment that is late. After a week, it will no longer be accepted for credit.

Late work is not accepted in the discussion forum. Interacting with classmates is an essential part of online discussions and cannot be made up after the fact.

Extensions will be granted only in extenuating circumstances. If a lengthy medical problem or other emergent personal issue will result in missing weekly discussions and/or assignments, please contact your instructor as soon as possible.

Students who know that they will not have course access for any given week should make arrangements with their instructor to complete assignments and participation requirements prior to the absence.

Accessibility Services for Students with Disabilities:

CCV strives to mitigate barriers to course access for students with documented disabilities. To request accommodations, please
  1. Provide disability documentation to the Accessibility Coordinator at your academic center. https://ccv.edu/discover-resources/students-with-disabilities/
  2. Request an appointment to meet with accessibility coordinator to discuss your request and create an accommodation plan.
  3. Once created, students will share the accommodation plan with faculty. Please note, faculty cannot make disability accommodations outside of this process.

Academic Integrity

CCV has a commitment to honesty and excellence in academic work and expects the same from all students. Academic dishonesty, or cheating, can occur whenever you present -as your own work- something that you did not do. You can also be guilty of cheating if you help someone else cheat. Being unaware of what constitutes academic dishonesty (such as knowing what plagiarism is) does not absolve a student of the responsibility to be honest in his/her academic work. Academic dishonesty is taken very seriously and may lead to dismissal from the College.