Syllaus - Southern Utah University

By Larry Cook,2014-03-25 22:17
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Syllaus - Southern Utah UniversityUtah

    ECON 4900/ BA 6100

    Explorations in the Great Recession (or the Federal Reserve Class)

    Fall, 2013

Instructor: Professor David Berri

    Office hours (PRIOR TO 11/2): Monday & Wednesday&Friday 2pm to 4pm

     Tuesday&Thursday: 3pm to 4pm

     (AFTER 11/2): Friday 2pm to 4pm

     Tuesday&Thursday: 2pm to 4pm

    Office : Dixie Leavitt Business Building #318

    Office Phone Number: 586-5477


    Web Site:

Course Description

    The Great Recession began in December of 2007 and didn’t officially end until June, 2009. Consequently this was the longest downturn in the U.S. Economy since the Great Depression. The purpose of this class is to explore the causes of this event and evaluate the responses of the Federal Reserve and Federal Government. This exploration will include a review of economic history, macroeconomic theory, and both monetary and fiscal policy.

    With respect to monetary policy, this class will employ a simulation created and presented by economists at the San Francisco Federal Reserve. This simulation will allow students to work with the San Francisco Federeal Reserve. And towards the end of the term, economists from the Federal Reserve will visit Southern Utah University for presentations made by the students in the class. In sum, this class will provide students an opportunity to interact with people involved with the macroeconomic policy of this nation.

Student Course Objectives

    Students will learn (1) economic history; (2) macroeconomic theory; (3) analyze macroeconomic concepts and theories; (4) collect macroeconomic data and information; (5) construct data tables and charts to organize, analyze, and present data and relationships; (6) assess current macroeconomic conditions and make simple forecasts; and (7) affectively communicate macroeconomic information in written documents and oral presentations.

The Instructor’s Course Objectives:

    My primary focus is that you learn the material presented in the course. By learning, I hope you will still be able to recall the material we cover long after this quarter has concluded.

Required Text and Supporting Material

     Macroeconomic Simulation sponsored by the San Francisco Federal Reserve


    ISBN: 978-0691158730 Ben Bernanke The Federal Reserve and the Financial Crisis Princeton

    Alan Blinder After the Music Stopped Penguin ISBN: 978-1594205309

    Additional writings available either on-line or on reserve at the library.


     The grading scale is as follows:

     A = 92.0-100 A- = 89.5-92.0

     B+ = 87.0-89.5 B = 82.0-87.0

     B- = 79.5-82.0 C+ = 77.0-79.5

     C = 72.0-77.0 C- = 69.5-72.0

     D+ = 67.0-69.5 D = 60.0-67.0

     D- = 55.0-60.0 F < 55.0

     Although this is the grading scale slated for this course, the instructor reserves the right to alter the scale to

     fit the structure of the class.

How you acquire your grade (or the work you shall be doing)

     I. Study Guides and Power Points Slides

    For each section of the course a study guide consisting of a series of questions and assignments --

    will be given. The questions and assignments on these outlines will not be graded. However, the

    material on these guides will be utilized in writing both the quizzes and the exams.

    The power point slides used in lecture will also be made available on-line. So you do not need to

    write down everything on these slides. It is important to note, though, that everything on the lecture

    outlines is not listed on the power point slides. Therefore you need to come to class and pay

    attention to what is being said.

     II. Daily quizzes, Homework, and Reading Comprehension Quizzes

     (30% of grade undergraduate students, 25% of grade graduate students)

     At some point in virtually every class we will have at least one quiz. The quizzes are designed to

     both review class material and prepare you to take the exams. The quizzes will be designed to

     take less than 15 minutes of class time to complete.

    In addition to quizzes, I may also assign homework. These assignments will encourage you to

    better understand macroeconomic data.

    Finally, I am very interested in each student coming to class prepared. To give you an incentive to be

    prepared you will also be taking Reading Comprehension Quizzes. These may be given as in- class

    or out of class assignments.

    The top 60% of these assignments will count towards your final grade.

     Note: You must take (not pass, just take) at least half of these assignments to pass the class.

     III. The San Francisco Federal Reserve Simulation

     (20% of grade undergraduates, 30% of grade graduates)

     Note: Graduate students will be asked to do more with respect to the Simulation. What is meant by

     “more” is still to be determined.

     IV. Exams (50% of grade undergraduate students, 45% of grade graduate students)

     Three exams are scheduled, two mid-terms and a final. Each exam will consist of both subjective

    and objective questions. The subjective or essay questions will come directly from the lecture

    outlines. The objective questions will be generally based upon the lecture outlines, the quizzes, and


    Note on quizzes and exams: Given the above objective, I do not expect that you will forget material

    soon after each exam.

    The midterms will be worth 15% of your final grade. The final which will be somewhat

    comprehensive will be worth 20% of your final grade. For graduate students, all exams will

    be worth 15% of their final grade.

Key Dates

    September ??? Conference Call with the San Francisco Federal Reserve

    November 4 San Francisco Federal Reserve Symposium


Make-up Examinations

    Make-up quizzes will not be offered. If a quiz is missed this will count as one of the quizzes that are dropped

    in the computing of this portion of your grade.

    Make-up exams will work as follows: If an accepted excuse is offered prior to the exam in question, you will

    be allowed to make-up the exam and receive full credit. You will receive, though, a different exam than that

    which was offered in class. The instructor reserves the right to give the student an exam consisting of entirely

    essay questions as a make-up exam. If an excuse comes after the exam in question, you will be charged one

    letter grade (10% of grade) for each day it takes you to contact me. It is your responsibility to contact me in

    the event of any difficulty you have with taking the exam.

     Classroom (i.e. Professional) Conduct Class time is a scarce resource. Outside of office hours, this is the only time I have available to offer instruction to you of the course material. It is my responsibility to take the leadership in creating a classroom environment where optimal learning can take place. In addition, I also believe it is my responsibility to help students develop the social skills that are expected in a professional work atmosphere. Here are some expectations I have in order for us to create an effective, professional learning environment . ; Class begins at 4pm. Just as your future employer will expect you to arrive on time, it is my expectation that you will be in class at 4pm. ; Class ends when we are finished with that day’s subject matter. Until I have reached the end of lecture, do not leave the class. Furthermore, do not put your materials away before class has concluded. ; Students are not permitted to use cell phones or laptops during class (or any other electronic device). These technologies not only distract the user, but also the people around the user in the class. ; Do not read the newspaper or work on projects for other courses during class time. ; You are responsible for acquiring relevant notes from other students if you are late to or miss class.

    Ask Questions!!!!

    If something is unclear to you, it probably means that several others have the same question. However, please

    ask me the questions not your neighbor. In other words, no talking when I am talking. Likewise, no talking

    when a fellow student “has the floor.” Professionals are courteous and respectful of each another.

    If you are not comfortable asking questions in class, please come see me in my office, call me, or send me an

    e-mail. My office is the Dixie Leavitt Business Building (#318) and the office number is 586-5477. You can

    also contact me via e-mail ( If you do contact me, please let me know which class you are

    taking (I have over 200 students this semester in three different classes). Academic Integrity

     Scholastic dishonesty will not be tolerated and will be prosecuted to the fullest extent. You are expected to

     have read and understood the current issue of the student handbook (published by Student Services)

     regarding student responsibilities and rights, and the intellectual property policy, for information about

     procedures and about what constitutes acceptable on-campus behavior.

     In addition, the School of Business has adopted an Academic Integrity Policy. This has been posted at my

     website and each student is encouraged to read this policy.

Disability Statement

     Students with medical, psychological, learning, or other disabilities desiring academic adjustments,

     accommodations, or auxiliary aids will need to contact the Southern Utah University Coordinator of

     Services for Students with Disabilities (SSD), in Room 205C of the Sharwan Smith Center, or phone (435)

     865-8022. SSD determines eligibility for and authorizes the provision of these services and aids.


    ; Brief Review of Great Depression and Great Recession

    ; The History of Money

    ; A History of Central Banking

    ; The Targets: Unemployment and Inflation

    ; An Introduction to Macroeconomic Theory

    ; The Great Depression

    ; The Great Recession


    ; History of the National Debt

    ; Why Economic Growth

    ; Economic Systems

    ; US Economic Growth and Presidential Elections


     Information contained in this syllabus, other than the grading, late assignments, makeup work, and

     attendance policies, may be subject to change with advance notice, as deemed appropriate by the instructor.

Emergency Management Statement

     In case of emergency, the University's Emergency Notification System (ENS) will be activated. Students

     are encouraged to maintain updated contact information using the link on the homepage of the mySUU

     portal. In addition, students are encouraged to familiarize themselves with the Emergency Response

     Protocols posted in each classroom. Detailed information about the University's emergency management

     plan can be found at

HEOA Compliance Statement:

     The sharing of copyrighted material through peer-to-peer (P2P) file sharing, except as provided under U.S.

     copyright law, is prohibited by law. Detailed information can be found at

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