international academy of design schaumburg by edukaat2


Course Title: Course Number: Instructor Name: Instructor Email and Contact Information: Credit/Clock Hours: Course Length: Course Schedule: Unit of Academic Measurement: Prerequisites: Course Description: Global Economics ECON315 A

Kirstin M.E. Munro

4 Credit Hours 40 Contact Hours

10 Weeks Monday, Wednesday: 12:10pm-2:10pm

Quarter System

MA250 Quantitative Literacy This course focuses on the economic aspects of globalization and examines why the interdependent economies of various nations are regarded as a single economic system or entity. It examines barriers and bridges to the world’s markets, including trade agreements and obstacles to international trading.

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Learning Objectives:

Upon completion of this course, the student should be able to: • • Differentiate between economics and global economics; Compare and contrast varying types of economies and the different governments and customs under which they operate; Analyze the obstacles impacting international trade and investigate ways to navigate through or around these obstacles; Research how investment dollars and financial institutions (including the World Bank and International Monetary Fund) play a role in today’s economy; Distinguish among currency exchange rates and associated purchasing power parity; Explain the role of the Central Banks’ role in adjusting interest rates; Discriminate among trade agreements, the World Trade Organization, and the General Agreement on Trade and Tariffs; and Delineate attributes of Less Developed Countries (LDCs), Industrial Advanced Countries (IACs) and Oil Producing Countries (OPCs).



• • •


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Instructional Methods:

Case Study Learning Debate Didactic Questioning Experimentation Games Lectures Discussion Large Group Discussion Observation Research Simulation Threaded Discussion


Demonstration Drill and Practice Field Trip Inquiry Small Group

Multimedia Problem Solving Role Playing Text Presentation

Course Website Email Account

Course materials are accessible via the student portal. Students will be provided with a personal email account upon admission to the program (e.g. Students are responsible for checking this email account, as it will be used for purposes of communication between instructor and student. Carbaugh, Robert. International Economics. South-Western College Pub., 2008 ISBN # 9780324581485

Required Textbook(s)

Additional Required Resources & Supplies:

Outside resource materials used during the course by students and instructors will include magazines, films, newspapers, or books that can be found in the library as well as internet resources such as the CECybrary at

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Assessment Exercise Assessment Criteria: Wednesday Homework: Monday Quiz: Research Paper: Midterm Exam: Final Exam: [Extra Credit:] TOTAL 90 – 100 89 – 80 79 – 70 69 – 60 Below 59 A B C D F

Percentage of Total Grade 20% 20% 20% 20% 20% [Up to 10%] 100%

Grading Scale

Library Assignment(s): Information literacy is defined by the American Library Association as the ability to “recognize when information is needed and have the ability to locate, evaluate, and use effectively the needed information.” The development of information literacy has been defined as a learning outcome for this program and as a learning objective for this course. Students in this course will be required to: • Define the need for information required to solve problems; • Effectively access needed information; • Critically evaluate information and its sources; • Utilize information effectively to solve problems; and • Adhere to copyright policies and standards for citation. Opportunities for the development of skills in information literacy and use of the CECybrary will be determined by the instructor through specific assignments and activities.

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Portfolio Assignment:

Program portfolios provide a recommended and demonstrable means to assess student competencies. The instructor for this class will provide students will an opportunity to select an assignment from those required for inclusion as part of the program portfolio.

Course Policies: Attendance:

Policies for Attendance, Make-up Work, Plagiarism and Students with Disabilities are detailed below

Students are expected to be in class and team for all regularly scheduled class and team periods. It is the responsibility of the student to arrange with the instructor all matters related to student absences in advance, whenever possible. Make-Up Work:

There will be no make-up work available in this course. Extra credit assignments will be available to all students, but may be used to make up points missed due to absence. Plagiarism is an offense that is taken seriously at the International Academy of Design and Technology. Plagiarism is using other people’s ideas and words without clearly acknowledging the source of that information. In order to avoid plagiarism, you must give credit whenever you use: • Another person’s idea, opinion, or theory. • Any facts, statistics, graphs, visual images (i.e.: drawings, videos, etc.) that are not common knowledge. • Quotations of another person’s spoken or written words. • Paraphrase of another’s person’s spoken or written words. Students who are in violation of the International Academy of Design and Technology’s plagiarism policy may be subject to the following: • Dismissal from the course in which the plagiarism occurred and/or • Receive a failing grade for the course and/or • Placed on academic probation for a quarter.


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Students with It is the policy of IADT Chicago/Schaumburg to offer reasonable Disabilities: accommodations to qualified students with disabilities, in accordance with the Americans with Disabilities Act (ADA). If a student with a disability requires accommodation in order to participate fully in the courses, programs or activities offered by the Academy, the student must register the disability with the Office of Ability Services in room 476M (Chicago Campus). The Office of Ability Services will work with the student to develop an accommodation plan. It is the student’s responsibility to present the plan to the instructor in order to receive the necessary accommodation(s). In an effort to protect student privacy, the Office of Ability Services will not discuss the accommodation needs of any student with any member of the Academy without written permission from the student.

Topical Outline:

Week Number

Description of Content

Weekly Class Assignments / Projects


Review of Graphs and Introduction to the Principles of Economics

Reading: Handouts distributed in class and available on Portal. Homework: None.

Supply and Demand. 2 The International Economy and Globalization.

Reading: Handouts + Carbaugh Ch. 1 Homework: Problems distributed in class + Ch.1 # 2, 4, 5, 8, 10 Reading: Carbaugh Ch. 2 & 3 Homework: Ch. 2 #1, 3, 6, 9, 11 Ch. 3 # 1, 2, 3 Reading: Carbaugh Ch. 4 & 5 Homework: Ch. 4 # 4, 5, 6 Ch. 5 # 1, 2, 3, 10

The Basis for Trade: 3 Comparative Advantage and Production Possibilities. Barriers to Trade. 4

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Trade Regulation and Industrial Policies. Midterm Exam Thursday! Macroeconomic Principles,

Reading: Carbaugh Ch. 6 Homework: None!

Reading: Handouts Homework: Distributed in class.


GDP & the Least Developed Countries. Balance of Payments and Foreign Exchange. Exchange Rate Determination and Currency Crises.

Reading: Carbaugh Ch. 10, 11, 13 Homework: Ch. 10# 1, 2, 6, 9 Ch. 11# 1, 10 Ch. 13# 1, 2



Currency Crises Continued. Plus Special Topics: International Migration and Environmental Economics Macroeconomic policy tools, International Banking, The Stimulus Package! Review.

Reading: Carbaugh Ch. 12 & 15 Homework: Ch. 12 #1, 2, 4, 5, 6 Ch. 15 # 1, 2, 3, 6, 7, 10

Reading: Carbaugh Ch. 16 + 17 Homework: Ch. 16 #2, 5, 8 Ch. 17 #1, 2, 5, 12 Reading: None! Homework: None!



Final Exam Wednesday! Research Paper due Wednesday!

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