Faculty Contact Information:
Instructor: Colon Rowe
Mailing Address: 4015 Timber Ridge Road
Midlothian, VA 23112
Email Address: crowe@faculty.ed.umuc.edu
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Consultation:
| There will be a Conference titled "In-class Questions and Comments" for students to post such items pertaining to the course material or general topics so that all class members will have access to my replies. Only personal concerns, such as absences, grades, etc., should be handled via email. | |
Required Texts and Readings:
American Psychological Association. (2001). Publication manual of the
American Psychological Association (5th ed.). Washington D.C.: Author.
McConnell, C.R. & Brue, S.L. (2002). Economics: Principles, problems,
and policies, International Edition (15th ed.). New York: McGraw-Hill. | |
Supplementary Readings:
| Each instructor has his or her preferences for supplementary reading material that may be added here. In addition, all graduate students should be prepared to utilize the UMUC online library at http://www.umuc.edu/library/. The library contains a large number of full text academic journals that are free of charge and immediately available. The library homepage also contains a number of links related to improving students' research and writing skills | |
Recommended Journals:
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Course Description:
| Prerequisites: Application for admission to the Master of Public Administration or the Master of Science in Management Information Systems degree programs. This course is a survey of macro- and microeconomic concepts relative to administrative management. It introduces students to the behavior of the consumer and producer in the market place; price determination; the macroeconomic problems of income, employment, and price stability; and how to use the tools of fiscal and monetary policy to move the economy in the direction of macroeconomic goals. | |
Course Goals:
Upon completion of this course, participants should have an understanding of:
The free market economy and the way it allocates limited productive
resources among industries and national income among citizens
The use of economic methodology
How the product and resource prices are determined in both competitive
and monopolistic markets
The relative size and the role of the government in the United States,
both historically and currently
The effect that government policies have on the allocation of
resources and distribution of income
The United States in the Global Economy | |
Course Objectives:
At the conclusion of this course the student will be able to:
Analyze economic policy options in a mixed-capitalistic economy
Assess the opportunity cost of government activity
Evaluate issues of market failure such as externalities and public
goods
Utilize government provided data to evaluate economic performance
Develop a feeling for the complex nature of the business/government
environment
Prepare a written project to discuss some aspect of a free-market
economy
Provide an oral presentation covering the written project information | |
Grading Information:
Grades for this course will be assigned as follows:
A 92%
B 80% – 91%
C 70% – 79%
F Below 70%
Please note that Bowie State University does not use "D" for graduate students. The grade F(a) is used to designate academic failure. F(n) is used to designate failure for non-completion.Grades of Incomplete or Withdrawal are governed by UMUC-Europe policies. For further details, please refer to the UMUC-Europe Graduate Catalog, available online at http://www.ed.umuc.edu/general_info/publications/catalogs or in your local Education Center. | |
Course Requirements:
Graduate school at the masters level focuses on helping students obtain the education needed for success as professionals in their chosen fields. Thus, UMUC-Europe Graduate Programs and Bowie State University share the common goals of promoting excellence in academic scholarship through thoughtful inquiry and the skillful application of knowledge and theory for the betterment of society.
In order to maximize your graduate educational experience in general and this course in particular, you are required to:
Participate in classroom discussions 10%
Write graduate level papers or case studies 30%
Orally/visually present prepared material 20%
Complete one or more written examination(s) 40% | |
Description of Course Requirements:
Participate in classroom discussions: You are expected to come to class prepared to engage in all discussions in a professional and informed manner. Usually this requires two to three hours of additional for every hour of a face-to-face class and approximately ten hours of preparation per week for a DE class.
Write graduate level papers or case studies: You are required to conduct professional-level research, including appropriately citing works of others and avoiding plagiarism. Plan on committing approximately 150 hours over the duration of this course to producing professional level deliverables
Orally/visually present prepared material: You are required to present your research in a professional manner. In a face-to-face course, this typically means an oral presentation accompanied by appropriate visual material. In a DE class, this means creating a visual/textual presentation for your instructor and classmates.
Complete one or more written examination(s): The examination process in this class will assist you in developing the writing and critical thinking skills necessary to successfully passing the comprehensive exam required of all graduate students. The questions used for this course will either be taken directly from past comprehensive exams or written as though to be included on a comprehensive exam. | |
Course Schedule:
This schedule presents 14 units or modules, with each unit corresponding to a regular three-hour weekday meeting, a half-day on weekends, or a full week of DE.
Initial meeting:
Introductions
Review of syllabus
Clarification of goals, objectives and requirements
Orientation to subject
Chapter 1 and Appendix
Second meeting:
Chapter 2: The Economizing Problem
Chapter 3: Individual Markets: Demand and Supply
Third meeting:
Chapter 4: The Market System
Chapter 7: Measuring Domestic Output, National Income, and the Price Level (1st Article Review due)
Fourth meeting:
Chapter 8: Introduction to Economic Growth and Instability
Chapter 5: The US Economy-Private and Public Sectors (1st Study Group project due)
Fifth meeting:
Chapter 9: Building the Aggregate Expendituresx Model (2nd Article Review due)
Sixth meeting:
Chapter 10: Aggregate Expenditures: The Multiplier, Net Exports, and Government
Chapter 11: Aggregate Demand and Aggregate Supply (2nd Study Group Project due
Seventh meeting:
Chapter 12: Fiscal Policy
Midterm Exam (On-line)
BREAK
Eighth meeting:
Chapter 13: Money and Banking
Chapter 14: How Banks and Thrifts Create Money (3rd Article Review due)
Ninth meeting:
Chapter 15: Monetary Policy (3rd Study Group Project due)
Tenth meeting:
Chapter 20: Price Elasticity of Demand (4th Article Review due)
Chapter 6: The US in the Global Economy
Eleventh meeting:
Chapter 22: The costs of Porduction
Chapter 23: Pure Competition (4th Study Group Project due)
Twelfth meeting:
Chapter 24: Pure Monopoly
Chapter 25 Monopolistic Competition and Oligopoly
Thirteenth meeting:
Chapter 34: Income Inequality and Poverty
Fourteenth meeting:
Final Examination
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Academic Policies:
Please refer to the UMUC-Europe Graduate Catalog at http://www.ed.umuc.edu/general_info/publications/catalogs/ or from your local Education Center, for information on the following:
Academic Integrity
Course Load
Exception to Policy
Grade Appeal Process
Make-up Examinations
Students with Disabilities | |
Faculty Bio:
| I received an A.B. in Chemistry from the University of North Carolina at Chapel Hill in 1961, and a Master of Commerce from the University of Richmond in 1969, concentrating in Economics and Management. I completed additional graduate work in Economics at Virginia Commonwealth University. Before beginning my civilian career I served in the U.S. Army for three years, the last two in Orleans, France. In 1993 I retired from Philip Morris, USA as manager of Computer Information Services. During my career at Philip Morris I managed, at various times, a variety of functions including economics and planning, consumer research, and engineering. Following retirement I received a CPA from the State of Virginia. Prior to teaching for the University of Maryland, I taught economics at Craven Community College, New Bern, NC, and accounting and federal taxation at Campbell University, Camp Lejeune, NC. This is my third year teaching for the University of Maryland. | |