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Main Campus · Richards College of Business · Economics

Principles of Macroeconomics

  • Fall 2020
  • Sections 02, 05
  • 3 Credits
  • 08/12/2020 to 12/05/2020
  • Modified 08/06/2020


A study of the economy as a whole including production, economic fluctuations, inflation, unemployment, public policy, and international economics. Requires overall GPA of 2.0.


GPA 2.00 or above required 2.00

Contact Information

Kim Holder

Communication Preference: The quickest way to ask for help is via email or by scheduling an appointment during office hours. General class questions and overall discussions are answered quickly by using the alternative communication tools available for this course: ( or

Since my office does not allow adequate space for social distancing, all office hours will be maintained virtually in both group settings and individual appointments. Please check your UWG email and CourseDen for links to sign up for scheduled office hours.

Meeting Times

Delivery Method Details

This course is delivered via hybrid instruction. At least 50% of this course instruction is required to be conducted online using UWG’s CourseDen (D2L), the remainder will take place via face-to-face lectures at our regularly scheduled class time.

A class schedule is included within the syllabus and distributed in class and on CourseDen. It is the student’s responsibility to stay up to date with the location and delivery method for each class using the tools provided.

Please check your UWG email for information about how our roster will be split and to select the day of the week that you will attend so that we can maintain social distancing in our classroom.

Please consult the course schedule for details about what will be covered each week online and face-to-face for our hybrid course.

2105-05 Lecture & Discussion

  • Monday, Wednesday, 11:00 AM to 12:15 PM, Miller Hall 1201

2105-02 Lecture & Discussion

  • Monday, Wednesday, 12:30 PM to 1:45 PM, Miller Hall 1201



  • Author: William McEachern
  • Publisher: Cengage
  • Edition: 6th
  • ISBN: 1337408743
  • Availability: Campus Bookstore or online retailers (ex: Amazon)
  • Price: $20-25 used

This textbook "MACRO" by William McEachern ISBN 1337408743 (6th) or ISBN: 1305659090 (5th) is required.

The 1st chapter is posted on CourseDen and placed on reserve in the UWG Library (although I am unsure how library reserves will work this semester).

Both editions are also available for purchase in the UWG Bookstore and can easily be found for sale online by other vendors. I will use the 6th edition for instruction, but the 5th was used in the semester immediately preceding so it is an easy, low-cost option and there are minimal changes between editions. You do not need any access to online textbook ancillary materials.


Upon completion, students will:

  1. Be able to describe basic economic concepts such as scarcity and opportunity costs (LG4, LG7, LG8)
  2. Demonstrate a basic knowledge of macroeconomic concepts such as gross domestic product, inflation, and unemployment (LG4, LG7)
  3. Demonstrate a basic knowledge of international economics including concepts such as exchange rates and net exports (LG4, LG5, LG7, LG8, LG9)
  4. Demonstrate a basic knowledge of the banking system, the impact of the Federal Reserve on the economy, and government taxation and spending policy (LG7)
  5. Be able to analyze the effectiveness of fiscal and monetary policy in combating inflation or unemployment (LG4, LG7, LG10)
  6. Be able to apply macroeconomic models such as aggregate supply and demand to the analysis of current economic issues (LG4, LG7, LG9, LG10)
  7. Demonstrate an understanding of the social, cultural and/or political development of the people and institutions of the United States (U.S. Perspectives Core Overlay)


Grading is calculated based on your performance and participation in the form of quizzes and discussion activities (50%), a midterm (20%), and a final exam (30%).


Exams and Assignment Information

The exams, quizzes, discussions, and assignments are based on the assigned readings, lecture notes, handouts, and other course content. There are NO make-up tests, except for university-approved excuses, such as UWG Health Center verified severe/contagious illnesses, death in the family, hospitalization, jury duty, or university-sanctioned events where you are a required participant. You must provide appropriate documentation and make alternative arrangements well in advance of any required coursework.

All deadlines are announced in advance on CourseDen. Some testing will be completed using CourseDen and missed deadlines CANNOT be made up without prior permission and appropriate documentation. All deadlines are stated as Eastern Standard Time (EST).

All exams, quizzes, discussions, and assignments will be delivered fully online. This includes the midterm and final examinations.

Group Assignments

Collaboration with others is a key to success, particularly in the business world. Even if you someday want to be the CEO of your own company, you eventually will need to learn to manage your ability to interact with others. In that spirit, this course requires random, collaborative graded assignments, and other group activities that are designed to help you learn an essential real-world business skill.

With today’s technology, it is easier than ever to coordinate work across time and space using a variety of methods, and time is provided within the course to accommodate this requirement - do NOT let this be a stumbling block to a successful semester!

Any assigned group work will be coordinated and conducted online through the use of discussion forums or other technology.

Extra Credit

Any extra credit opportunities will be announced in class or on CourseDen along with their corresponding deadlines and will be offered to the class as a whole. The pursuit of extra credit is optional and is offered at the discretion of the instructor. There is no guarantee of extra credit being offered during this semester and since this is a hybrid class, any extra credit opportunities will be offered online at the discretion of the instructor.

My overall goal is to help each of you find a path to success, recognizing that each person learns in their own unique way and at their own pace. A variety of ways for you to earn points towards your final grade are offered within this course and most students are very successful. However, each semester there are a handful of students who wish they had taken advantage of earlier opportunities to earn points, such as extra credit options…don’t let this happen to you!


The approximate pace of the course is one chapter each week. This checklist/calendar is posted in CourseDen and all relevant deadlines are set once the class roster is finalized after Roster Verification. Any and all changes to the dates on the syllabus will be posted on CourseDen and via the communication tools/social media sites used for the class. If you have conflicts with the date, time, or location of any assignments or other graded work, you must communicate these concerns in advance. If you need accommodations due to university-approved travel, please submit your letter or other documentation via email during the first few weeks of this course. Please allocate plenty of time for dealing with parking problems, traffic delays, and the ability to maintain social distancing especially during class change times.

Week 1 (½ week)

  • Wednesday, August 12th (ONLINE): Syllabus, Course Overview, and Ch 1

Week 2

  • Monday, August 17th (ONLINE): Ch 2
  • Wednesday, August 19th (ONLINE): Ch 3

NOTES: Open Drop/Add through August 18th, Fee Payment Deadline on August 19th, Roster Verified on August 21st

Week 3

  • Monday, August 24th (F2F): Ch 1-3 Practice Problems Review
  • Wednesday, August 26th (F2F): Ch 1-3 Practice Problems Review

Week 4

  • Monday, August 31st (ONLINE): Ch 4
  • Wednesday, September 2nd (ONLINE): Ch 5

Week 5 (½ week)

  • Monday, September 7th: Labor Day Holiday – NO UWG Classes
  • Wednesday, September 9th (ONLINE): Ch 6

Week 6

  • Monday, September 14th (F2F): Ch 4-6 Practice Problems Review
  • Wednesday, September 16th (F2F): Ch 4-6 Practice Problems Review

Week 7

  • Monday, September 21st (F2F): Drop-in Midterm Review/FAQs
  • Wednesday, September 23rd (F2F): Drop-in Midterm Review/FAQs, Midterm Exam Opens

Week 8

  • Monday, September 28th (ONLINE): Reserved to take Midterm
  • Wednesday, September 30th (ONLINE): Reserved for Midterm Project Collaboration

NOTE: the Withdrawal Deadline is Oct 5th

Week 9

  • Monday, October 5th (ONLINE): Midterm Due
  • Wednesday, October 7th (ONLINE): Project Due, Ch 7

Week 10

  • Monday, October 12th (F2F): Ch 8-9
  • Wednesday, October 14th (F2F): Ch 8-9

Week 11

  • Monday, October 19th (F2F): Ch 8-9 Practice Problems Review
  • Wednesday, October 21st (F2F): Ch 8-9 Practice Problems Review

Week 12

  • Monday, October 26th (ONLINE): Ch 9b-10
  • Wednesday, October 28th (ONLINE): Ch 11, 13, 15 Introduction

Week 13

  • Monday, November 2nd (ONLINE): Ch 11
  • Wednesday, November 4th (ONLINE): Ch 13 & 15

Week 14

  • Monday, November 9th (F2F): Ch 13 and Ch 10-11 Practice Problems Review
  • Wednesday, November 11th (F2F): Ch 13 and Ch 10-11 Practice Problems Review

Week 15

  • Monday, November 16th (ONLINE): Ch 13 Practice Problems Review
  • Wednesday, November 18th (ONLINE): Ch 15 Practice Problems Review

Week 16

  • Monday, November 23rd (F2F or ONLINE): Inequality and Economic Growth
  • Wednesday, November 25th (F2F or ONLINE): Drop-in Final Exam Review/FAQS and Final Exam Opens

Final Exam Week

  • Final Exam (ONLINE): Open from Wednesday, November 25th – Friday, December 4th
  • Grades Posted no later than Monday, December 7th in Banweb and CourseDen

College/School Policies

Wolf Pact

Having read the Honor Code for the University of West Georgia, I understand and accept my responsibility to uphold the values described therein and to conduct myself in a manner that will reflect the values of UWG and the Richards College of Business so as to respect the rights of all UWG community members. As a UWG student, I will represent myself truthfully and complete all academic assignments honestly and within the parameters set by my instructor.

I understand and accept that if I am found guilty of violations (through processes due me as a UWG student and outlined in the UWG Student Handbook), penalties will be imposed.

I also recognize that my responsibility includes a willingness to confront members of the UWG community if I feel there has been a violation of the Honor Code.  

Ultimately, I will conduct myself in a manner that promotes UWG as the best place to work, learn, and succeed for my generation, and those to come!

About the Richards College of Business

To become a globally recognized college of business preparing forward-thinking, responsible leaders.

We are in the business of transforming lives through education, engagement, and experiences.

Strategic Goals and Values

Student Success
Admit quality students and provide them with an education that is rich in experiences and engagement opportunities to prepare them to be effective and ethical professionals.

Academic Success
Recruit, retain and develop faculty and staff by providing sufficient resources to support dynamic and up-to-date bachelor and master-level curricula, to conduct research and other professional activities, and to support engagement with all stakeholders.

Operational Success
Recruit, retain and develop administrative management and staff personnel to manage, develop and support infrastructure and those activities that build internal and external partnerships while working in an ever-changing environment.

Ethical Values
The Richards College of Business community (administrators, faculty, staff, students, and business partners) share a commitment to the principles of honesty and integrity in interactions and undertakings, accountability for personal behavior, and respect for the rights, differences, and dignity of others. In addition, we strive to continuously improve our abilities to recognize unethical behavior and to make ethical and moral decisions.

Institutional Policies

Academic Support

Accessibility Services: Students with a documented disability may work with UWG Accessibility Services to receive essential services specific to their disability. All entitlements to accommodations are based on documentation and USG Board of Regents standards. If a student needs course adaptations or accommodations because of a disability or chronic illness, or if he/she needs to make special arrangements in case the building must be evacuated, the student should notify his/her instructor in writing and provide a copy of his/her Student Accommodations Report (SAR), which is available only from Accessibility Services. Faculty cannot offer accommodations without timely receipt of the SAR; further, no retroactive accommodations will be given. For more information, please contact Accessibility Services.

Center for Academic Success: The Center for Academic Success provides services, programs, and opportunities to help all undergraduate students succeed academically. For more information, contact them: 678-839-6280 or [email protected]

University Writing Center: The University Writing Center assists students with all areas of the writing process. For more information, contact them: 678-839-6513 or [email protected]

Online Courses

UWG takes students’ privacy concerns seriously: technology-enhanced and partially and fully online courses use sites and entities beyond UWG and students have the right to know the privacy policies of these entities. For more information on privacy and accessibility for the most commonly used sites, as well as technology requirements visit the UWG Online site.

Students enrolled in online courses can find answers to many of their questions in the Online/Off-Campus Student Guide.

If a student is experiencing distress and needs help, please see the resources available at the UWG Cares site. Online counseling is also available for online students.

Honor Code

At the University of West Georgia, we believe that academic and personal integrity are based upon honesty, trust, fairness, respect, and responsibility. Students at West Georgia assume responsibility for upholding the honor code. West Georgia students pledge to refrain from engaging in acts that do not maintain academic and personal integrity. These include, but are not limited to, plagiarism, cheating, fabrication, aid of academic dishonesty, lying, bribery or threats, and stealing. 

The University of West Georgia maintains and monitors a confidential Academic Dishonesty Tracking System. This database collects and reports patterns of repeated student violations across all the Colleges, the Ingram Library, and the School of Nursing. Each incidence of academic dishonesty is subject to review and consideration by the instructor, and is subject to a range of academic penalties including, but not limited to, failing the assignment and/or failing the course. Student conduct sanctions range from verbal warning to suspension or expulsion depending on the magnitude of the offense and/or number of offenses. The incident becomes part of the student’s conduct record at UWG.

Additionally, the student is responsible for safeguarding his/her computer account. The student’s account and network connection are for his/her individual use. A computer account is to be used only by the person to whom it has been issued. The student is responsible for all actions originating through his/her account or network connection. Students must not impersonate others or misrepresent or conceal their identities in electronic messages and actions. For more information on the University of West Georgia Honor Code, please see the Student Handbook.

UWG Email Policy

University of West Georgia students are provided a MyUWG e-mail account. The University considers this account to be an official means of communication between the University and the student. The purpose of the official use of the student e-mail account is to provide an effective means of communicating important university related information to UWG students in a timely manner. It is the student’s responsibility to check his or her email.

Credit Hour Policy

The University of West Georgia grants one semester hour of credit for work equivalent to a minimum of one hour (50 minutes) of in-class or other direct faculty instruction AND two hours of student work outside of class per week for approximately fifteen weeks. For each course, the course syllabus will document the amount of in-class (or other direct faculty instruction) and out-of-class work required to earn the credit hour(s) assigned to the course. Out-of-class work will include all forms of credit-bearing activity, including but not limited to assignments, readings, observations, and musical practice. Where available, the university grants academic credit for students who verify via competency-based testing, that they have accomplished the learning outcomes associated with a course that would normally meet the requirements outlined above (e.g. AP credit, CLEP, and departmental exams).

HB 280 (Campus Carry)

UWG follows University System of Georgia (USG) guidance:

You may also visit our website for help with USG Guidance:

Mental Health Support

If you or another student find that you are experiencing a mental health issue, free confidential services are available on campus in the Counseling Center. Students who have experienced sexual or domestic violence may receive confidential medical and advocacy services with the Patient Advocates in Health Services. To report a concern anonymously, please go to UWGcares.

ELL Resources

If you are a student having difficulty with English language skills, and / or U.S. culture is not your home culture, specialized resources are available to help you succeed. Please visit the E.L.L. resource page for more information.


Proctored Exams/Online Instruction: Students should be aware and plan ahead for the possibility of having to complete all courses and/or exams online or in a proctored environment. This means talking with your instructors about what minimum technical requirements (software and hardware) will be required should your class move online or a student's personal needs dictate. This also includes making plans for internet access at whatever location participation may occur.

Virtual or in-person proctored exams, if your instructor should require them, may result in an additional cost to the student. Please discuss these details with your instructor or see the information provided here.

Face Coverings: Effective July 15, 2020, University System of Georgia institutions, including the University of West Georgia, will require all faculty, staff, students, and visitors to wear an appropriate face covering while inside campus facilities/buildings where six feet social distancing may not always be possible. Face covering use will be in addition to and is not a substitute for social distancing.

Face coverings are not required in campus outdoor settings where social distancing requirements are met. Anyone not using a face covering when required will be asked to wear one or must leave the area.

Reasonable accommodations may be made for those who are unable to wear a face covering for documented health reasons.

Student FAQs: For more information about UWG COVID-19 guidance for students visit the Student FAQ webpage


Additional Items

Attendance/Late policy

This is a hybrid class where some class days we will meet in person in our regularly scheduled class and during other weeks work will be completed independently with scheduled deadlines. Students who miss these deadlines will forfeit those points. All deadlines are scheduled in advance and students will be made aware of them on CourseDen and via the communication tools used for this course. It is the responsibility of the student to make adjustments to their own personal and professional schedules to fit the requirements of the course. All University of West Georgia students taking hybrid/online classes that visit the Carrollton campus must have their vehicle registered and display a current University of West Georgia hang tag and follow the UWG parking code.

Online class days are delivered as asynchronous instruction which means that you can access the material you need without time/place constraints (attending a regular class). This allows you the flexibility you need but there are still firm deadlines and a set “pace” to the course. To be successful in the course, you will need to be comfortable interacting and collaborating with your classmates in an online setting. If this does not suit your learning style or fit your academic needs, check the UWG Class Bulletin for alternative ECON 2105 sections.

Attendance will be taken for contact tracing purposes and students will be assigned a day of the week to attend for any in-person classes, as well as an assigned seat. Details about this will be discussed in our virtual first day of class meetings!

Due to varying health needs for the class as a whole, all materials will also be placed online and non-attendance for face-to-face classes will not affect grades. All graded work will take place via CourseDen.

Because of the likelihood of crowded hallways and lack of social distancing during class changes, class will formally begin 10 minutes late for any scheduled face-to-face meetings. We will also dismiss a few minutes early when possible.

Class Cancellation

If class is cancelled for any reason, any relevant assignments or course announcements will be posted on CourseDen. Please review UWG’s Emergency Closing Policy for inclement weather located here: If severe weather occurs, particularly those affecting your ability to complete assignments (ex: power outages), I will adjust deadlines accordingly. I will also be using Remind 101 this semester, register here (

CourseDen/Access to Technology

This course is delivered at least 50% online. You must have reliable access to technology to be successful in this course. You can complete course assignments that utilize technology by using the student computer labs on campus or on your own equipment. Keep in mind that technology problems often seem to occur at the worst possible times. I encourage every student to have a back-up plan and complete their work well in advance of deadlines in case their technology fails.

Unreliable internet access or inability to login to CourseDen will result in missed deadlines and forfeited points. This course does not require the purchase or use of a clicker. However, from time to time we may answer questions interactively using cellphones or computers and free programs (ex: SurveyMonkey, Google Forms, PollEverywhere, Kahoot).

We will use CourseDen extensively for this course. Please make sure you are comfortable with UWG’s course management system and seek help before assignment or quiz deadlines. Make certain you are aware of the USG D2L/CourseDen maintenance schedule and plan in advance!

CourseDen Direct Link:

D2L Online Help:

Cellphone/Communication Tools

I encourage the use of technology in our face-to-face and virtual classroom as a tool to enhance learning. Tweeting using the class hashtag (#UWGMacro) or interacting using the class Facebook group are all great ways to interact with your classmates. I highly recommend using technology as a way to build your own personal learning network and any extra credit opportunities are designed to provide you with a positive incentive to put forth effort in this area.

Withdrawal Policy

It is the student’s responsibility to withdraw from the class by contacting the registrar’s office directly. On August 21st I will check to see that you have attended class (i.e. logged in on CourseDen, accessed class materials, and completed all assigned work due prior to this date). If this condition is not satisfied, you will be reported as “non-attending” in accordance with the UWG Office of the Registrar guidelines in order to protect your GPA and conform to institutional requirements. The last day to withdraw with a grade of “W” is October 5th according to the UWG Office of the Registrar. You can verify this date directly:

Please be aware that UWG instituted a limited withdrawal policy effective Fall Semester 2013, information is available here:

Academic Dishonesty

Cheating on any test will result in a zero on the test, an F in the course and will be reported to Student Services for appropriate disciplinary action by the University. Cheating on any other graded work will result in a zero on the submitted work, the lowering of the student’s final grade in the course by one letter grade, and will be reported to Student Services for appropriate disciplinary action by the University. Examples of cheating include turning in work that is not your own or having another student complete an online quiz for you with or without compensation. Students not familiar with what constitutes academic dishonesty should refer to the University’s Student Handbook and the Undergraduate Catalog’s Student Code of Conduct: