MASTERSYLLABUSACCT315:FINANCIALSTATEMENTANALYSISCourseDetailsSemester:CourseCode:ACCT315CourseName:FinancialStatementAnalysisCoursePrerequisites:ACCT110;FINC201CourseCo-requisites:NoneCreditsHours:Three(3)credithoursClassroom:ClassTiming:(45contacthours)FinalExamPeriod:InstructorDetailsProfessor:OfficeLocation:OfficeHours:Email:Coursewebsite:Phone(Office):CatalogCourseDescriptionAcriticalreviewofcorporatefinancialreportsandassociatedfootnotesfromtheperspectivesofdifferentpotentialusersincluding:creditors,managementandinvestors.Useoffinancialstatementsintheassessmentofbusinessperformance.Exposuretomethodsfortheadaptationoffinancialstatementsfordecision-making.Topicsinclude:statementsofincome,balancesheet,cashflowfromoperationandfreecashflow;financialratioanalysis,cashbudgets,proformastatements,forecastinggrowthpotentialandfinancialrequirements;qualityofearnings,inventoryvaluationanddepreciationmethods.CourseOverviewThiscoursecoversthein-depthreviewandanalysisoffinancialstatementscoveredinFINC201andACCT101.Theresultinganalysisisthenusedtoinformfinancialdecisions.Course-LevelLearningGoalsAnoteonSchoolofManagementCourse-LevelLearningGoals:Learninggoalsarepartitionedintothosethatareinsupportoftheprogrammaticlearninggoals(Invariant),specifictothelocalizedregionofdelivery(Contextualized),andspecifictothedomainexpertiseoftheinstructor(Instructor-Specific).Theformertwocategoriesarerequiredforallcourses.Invariant“AssuranceofLearningValidations”arespecificallylinkedtotheassociatedprogrammaticlearninggoalandobjective,withcourse-levellearninggoalsrepresentingtheprogrammaticgoalasitappliestothecontextofthecourse.Learninggoalsthatfocusonknowledgeacquisition(Bloom’sTaxonomy)arenotspecificallyornecessarilyincludedintothecourse-levellearninggoals,althoughitisassumedthatknowledgeacquisitionofallrelevantbusinesscorefundamentalsisaddressedwithineachcourse.Examinationsinclassareusedtoprovidefeedbackconcerningknowledgeandcomprehensionforthepurposeofensuringthatstudentswhohavenotmasteredthesewillnotadvancethroughthecurriculum.Attainmentofknowledgewithineachcoreareaisassessedbywayofstandalonetestingofeachstudentasarequiredpartoftheinstructionalprogrampriortograduation(e.g.ETS).InvariantLearningGoals(InsupportoftheMajor-SpecificandBSBAProgrammaticLearningGoal(s)):Uponthesuccessfulcompletionofthiscourse,thestudentwillbeableto:Writereportsbasedontheanalysisandinterpretationoffinancialstatementsusingfinancialratios;Evaluate,fromanalysis,thefinancing,investing,andoperatingactivitiesofabusinessfirm;Constructacashflowanalysisofabusinessentity;Prepareandreportonaprospectiveanalysisofabusinessentity;andCompare,fromanalysis,therelativefinancialperformanceoftwocompetingfirmswithinanyparticularindustry.AssuranceofLearningValidations(LinkedtotheMajor-SpecificandBSBAProgrammaticLearningGoal(s))AnoteonSchoolofManagementAssuranceofLearningScoring:Scoresformthemetricforthedegreetowhichthevalidation(e.g.learningoutcome)satisfiestheassociatedlearninggoalorobjective.Assuranceoflearningvalidationdescriptionsidentifythecriteriaforeachscorethatistobegiven.SAnoteonSchoolofManagementAssuranceofLearningScoring:Scoresformthemetricforthedegreetowhichthevalidation(e.g.learningoutcome)satisfiestheassociatedlearninggoalorobjective.Assuranceoflearningvalidationdescriptionsidentifythecriteriaforeachscorethatistobegiven.Scoresarescaledusingprogramorconcentrationrubrics.Itmustbenotedthatscoresaretobedifferentiatedfromgrades.Scoresformacriterionfromwhichaninstructorwillascertainanoverallgradeforanyinstrumentofassessment,andtheoverallassessmentthestudentreceivesforaninstrumentisa“grade.”Ascoreisanextractionthatspecificallymeasuresthedegreeofattainmentofalearninggoaland/orobjective.CaseStudy:Studentswillformgroups,andeachgroupwillbegivenanadvancedcasestudytoreview.Thestudentswillusefinancialdatacontainedinthecasetodevelopareportonthefinancialanalysisofthefirmwhichmaythenbeusedaspartofabusinessplan(supplementarydataset).Theoverallgradeisbasedonthreespecificscores:(1)clarityofwritinginthereport(G1O1);(2)theuseofbasicaccountingconceptsinfinancialanalysis(MGRACCT-LO4,M4O2);and(3)theabilitytodevelopasetofrecommendations(G1O3).IndividualWrittenReport:Individualwrittenassignmentidentifies,examinesandexplainstheoperating,investingandfinancingactivitiesofaparticularfirmsituatedabroad.Twoscoresaregivenbasedonthedepthofanalysisofthefirmintheselectedbusinessenvironment(M2O1)andtheabilitytoconducttheanalysisinthecontextofthecompany’sbusinessenvironment(G3O2).QuizProblems/Examinations:Studentswillsolveproblemsonweeklyin-classquizzes.Quizzes/examinationsareeachoneproblemandarecollectedandgraded;scoresmustberetainedbaseontheappropriatenessofthemethodologyandresultingrecommendationsand/orsolutions(M1O2).Thespecificproblemareasthatastudentwillbeabletosolve,whichwillbecoveredonthequizzesandwillbecollectedandmaintainedinclude:Ratioanalysisoffinancialstatements(MGRACCT-LO4);AnalysisofOperatingActivitiesofafirm(MGR/PUBLICACCT-LO2);AnalysisofInvestingActivitiesofafirm(MGR/PUBLICACCT-LO1,FINC-LO2);AnalysisofFinancingActivitiesofafirm(MGR/PUBLICACCT-LO1,FINC-LO5);andCashflowandProspectiveAnalysisofafirm(MGR/PUBLICACCT-LO2,FINC-LO5).IndividualWrittenProject:UseeitherReutersorBloombergtocollectfinancialdataforanexistingpubliccompanyandusethatinformationtoassessthefinancialconditionofthatcompany.Thestudentwillbenchmarkcompanyagainstfinancialsofcompetingfirms.Inordertodothebenchmarkexercise,thestudentswillcitetwocasesfromfinancial/businessliterature.Theoverallgradefortheassignmentisbasedonthreespecificscores:(1)theadequacyofdatacollectionandanalysis(MGRACCT-LO4,M2O1);(2)thedemonstrateduseofeitherBloombergorReuter’ssystemstocompileinformation(M2O3);and(3)thequalityofthebenchmarkingexercise(FINC-LO4;M3O1).GradedHomeworkAssignment:HomeworkproblemswillbeassignedstudentsthatrequiretheuseofExcelfinancialfunctions.AtleastonehomeworkwillrequirethegraphingwithinanExcelspreadsheetoftherelationshipbetweenthefinancialsituationsoftwocompetingfirms.Theoverallgradeisbasedontwospecificscores,whichmustberetained:(1)theuseofthefinancialfunctionsandclarityofpresentationinthespreadsheets(M2O4);and(2)theabilitytoproperlygraphdata(whererelevant)(M4O2).Contextualized(Globalized)LearningGoal(s):Uponthesuccessfulcompletionofthiscourse,studentwillbeableto:SeeInvariantLearningGoals2and3above.AssuranceofLearningValidation(InsupportoftheContextualized(Globalized)LearningGoal(s)):B1. SeeAssuranceofLearningValidationA2,score2above.InstructorSpecificLearningGoal(s)(Optional):NoneAssuranceofLearningValidation(InsupportoftheInstructorSpecificLearningGoal(s)): NoneTeachingandLearningMethodologyTheSchoolofManagement’steachingandlearningstrategyisinformedbycontemporaryindicators/sourcesthatderivefromitstargetmarket,specificallythemillennialgeneration.Inparticular,behavioraltraitsforthisgenerationareidentifiedandformthebasisofemphasisfortheschools’teachingandlearningmethodologies.Thesemethodologiesarereflectedintheschool’smissionstatementbywayofitsTEMPOScampaignTeachingandLearningStrategies:”TEMPOSandtheMillennials,”revisedSeptember2008..Inaddition,teachingandlearningstrategiesareinformedbyinstitutionalindirectassessmentresults,periodicallycollectedandreviewedbytheOfficeofPlanningandAssessmentandtheschool’sfacultyE.g.,StudentSurveyonTeachingQuality–QuantitativeData:SchoolofManagement.TeachingandLearningStrategies:”TEMPOSandtheMillennials,”revisedSeptember2008.E.g.,StudentSurveyonTeachingQuality–QuantitativeData:SchoolofManagement.Acomponentofallcourses,asapartoftheteachingandlearningstrategies,istomaintainacademicrigorandtobeintellectuallychallenging.Thisisvalidatedininstitutionalsurveyresults.However,SchoolofManagementfacultymembersutilizeanoverallcollectiveportfolioofstrategies/initiativesthatobtainfromtheaforementionedsourcesindelineatingthosethataremostappropriateoremphasizedinthecoursestheylead.Inthiscourse(ACCT315),four(4)prioritizedteachingandlearningstrategiesfocuson:integratingPrinciplesofethics/socialresponsibility;faculty-studentinteraction;activestudentengagementintothelearningprocess;andfrequentfeedback.Allfacultymembersthatinstructthiscourseshouldconsiderhowtoexecutethecoursetoemphasizethesekeycomponentsofthestrategiesconsidered.Followingareviewoflearningoutcomes,facultymembersconsiderhowre-orientationofteachingandlearningstrategiesmightresultinstrengtheningtheseoutcomes,andadjustmentsaremade,accordingly.FacultymembersalsoconsiderhowtheSchoolofManagementTriplePlatformsofExcellence(ProfessionalEnrichment,ExperientialEducation,andStudentAdvancement)mightbeleveragedasapartofthisstrategy,andproviderecommendationstotheDirectorsofthoseplatforms.Theschoolalsoreviewsthedistributionofidentifiedteachingandlearningstrategiesperiodicallytoensurecomprehensionandtheintegrationofeach(fromthedesignatedlistofapproximately20-25strategies)withinthecurriculum.Finally,resultsfromstudentteachingevaluationsalsoprovideindicationsofhowvariousteachingandlearningstrategiesareintegratedintothecoursedelivery.Thefollowingissues(indicatornumberisprovided)areamongthoseintheevaluationsthatbearonthisreviewandanalysis:7.Theamountofworkinthiscoursewasappropriate.15.Theinstructorwasavailableforcourserelatedconsultationandadvice.17.Theinstructorassignedchallengingcoursework.18.Theinstructorgradedandreturnedstudentworkandexamspromptly.19.Theinstructorprovidedhelpful,constructivefeedbackonassignmentsandcoursework.20.Theinstructorrespectedculturaldifferencesanddiversityamongstudents.21.Theinstructorincorporatedinformationtechnology(puterortheInternet)inthecourse.25.Theinstructorchallengedmetothink.Alongwithteachingandlearningstrategies,thenotionofstudenteffort/timeontaskisalsoconsidered,althoughitisnotnecessarilydrivenbymetrics.Itisnotedthatthenotionofstudenteffort,specificallymetricdriven,isnotauniversallyadoptedapproachSeetheVictorianTAFEAssociationResponse–StrengtheningtheAQF:Proposal,June2009.EastMelbourne,Victoria,Australia,retrievedfrom.au/docs/PositionDiscussion%20Papers/VTA_Response_Strengthening_the_AQF.pdfonFebruary22,2010.SeetheVictorianTAFEAssociationResponse–StrengtheningtheAQF:Proposal,June2009.EastMelbourne,Victoria,Australia,retrievedfrom.au/docs/PositionDiscussion%20Papers/VTA_Response_Strengthening_the_AQF.pdfonFebruary22,2010.SampledataregularlycollectedthroughtheNewYorkInstituteofTechnologyStudentRatingofCourses/TeachingForm.Themethodologyalsoincludeslectures,aworkshop,PowerPointpresentations,casestudyanalysis,problem-solving,MSExcelandWord,aguestspeakerandtheworld-wide-web.RequiredResource(s)Wild,J.,Subramanyam,K.,andHalsey,R.(2008).FinancialStatementAnalysis.9thEdition.McGraw-Hill.ISBN0-070-61592-6.ReferenceResource(s)Fridson,M.andAlverez,F.(2002).FinancialStatementAnalysis.3rdEdition.Wiley&Sons,Inc.ISBN:0-471-40915-1.AssessmentMethodologyandGradingGuidelinesInstrumentPointsTimeonTaskAnestimateoftheperiodoftimeduringwhichastudentisactivelyengagedinalearningactivity,excludingclassroomcontacthours.Test(Onetestadministeredinclass)20points30hoursGroupCaseStudy(seeA1)20points30hoursWrittenReports(seeA2)10points12hoursGradedQuizzes/Examinations(seeA3)10points12hoursIndividualWrittenProject(seeA4)15points18hoursHomework(seeA5)15points21hoursTOTAL90points123hoursGradingGuidelines:N/AAttendancePolicy:Studentsareexpectedtoattendeveryclasssession.Instructorswillinformstudentsoftheexactnumberofabsencesandlate-arrivalspermittedduringthesemester.Studentswhoexceedtheselimitsmaybesubjecttofailure.Ifastudentmissesanyclassortest,theinstructorhastherighttoeithergrantordenyanopportunitytomakeuptheworkthatwasmissed.Insuchcases,theinstructorshallbethesolejudgeofthevalidityofastudent'sexplanationforhavingmissedtheclassortest.DeductionsforLateArrival,EarlyDeparture,andUnexcusedAbsences:PolicyforMake-UpAssignmentsorQuizzes:ClassroomBehavior:Behaviorthatdisrupts,impairs,interfereswith,orobstructstheorderlyconduct,processes,andfunctionswithinanacademicclassroomorlaboratoryviolatesthestudentcodeofconductandmayresultindisciplinaryaction.ThisincludesinterferingwiththeacademicmissionofNYITorindividualclassroomorinterferingwithafacultymember’sorinstructor’sroletocarryoutthenormalacademicoreducationalfunctionsofhisclassroomorlaboratory,includingteachingandresearch.StudentswithPhysicalorEducationalChallenges:ItisthepolicyofNewYorkInstituteofTechnologytoprovidereasonableaccommodationsforstudentswhoareotherwisequalifiedbuthavedisabilities,includinglearningdisabilities,healthimpairments,andotherdisablingconditions.Possibleaccommodationsinclude,butarenotlimitedto,testschedulemodifications,classrelocation,andpossibleassistanceinacquisitionofnecessaryequipment.Thecollegehasaninterestinhelpingstudentswithdisabilitiestobecompetitiveinthisacademicenvironment.Therefore,reasonableaccommodationswillbemadeuponproofbothofdisabilityandneedfortheaccommodations.Itmustbeunderstoodthataccommodationsaremeanttofacilitateeducationalopportunities.AdmissiontoNYITandaccommodationsdonotguaranteesuccess.Therefore,inadditiontoaccommodations,thecollegeencouragesutilizationofauxiliaryservicesavailabletoallstudentstomaximizeopportunitiesforsuccess.Studentswhosedisabilitiesmayrequiresometypeofaccommodationmustcompletearequestforaccommodationsformandanintakeinterviewwiththeircampusservicescoordinatorpriortotheacademicsemester.Accommodationsmayberequestedatanytimeduringthesemester;however,accommodationscannotbeappliedtopastfailures,onlytofutureacademicendeavors.Appropriatemodificationsofaccommodationswillbeworkedoutonacase-by-casebasisandwillnotnecessarilyincorporateallrequestedchanges.Studentsforwhomauxiliaryservices—suchasreaders,interpreters,notetakers,etc.—havebeenapprovedshouldarrangethesewiththeircampusservicescoordinator.Inadditiontodiscussingappropriateeducationalmodifications,thecampusservicescoordinatorwillserveasaliaisonwithothercollegefacultyandadministrationonbehalfofstudentswithdisabilities.AcademicIntegrity:EachstudentenrolledinacourseatNYITagreesthat,bytakingsuchcourse,heorsheconsentstothesubmissionofallrequiredpapersfortextualsimilarityreviewtoanycommercialserviceengagedbyNYITtodetectplagiarism.Eachstudentalsoagreesthatallpaperssubmittedtoanysuchservicemaybeincludedassourcedocumentsintheservice’sdatabase,solelyforthepurposeofdetectingplagiarismofsuchpapers.Plagiarismistheappropriationofallorpartofsomeoneelse’sworks(suchasbutnotlimitedtowriting,coding,programs,images,etc.)andofferingitasone’sown.Cheatingisusingfalsepretenses,tricks,devices,artificesordeceptiontoobtaincreditonanexaminationorinacollegecourse.Ifafacultymemberdeterminesthatastudenthascommittedacademicdishonestybyplagiarism,cheatingorinanyothermanner,thefacultyhastheacademicrightto1)failthestudentforthepaper,assignment,projectand/orexam,and/or2)failthestudentforthecourseand/or3)bringthestudentupondisciplinarycharges,pursuanttoArticleVI,AcademicConductProceedings,oftheStudentCodeofConduct.ThecompleteAcademicIntegrityPolicymaybefoundonvariousNYITWebpages,including:/images/uploads/academics/AcademicIntegrityPolicy.pdf.15WeekTopicalClassScheduleWeekTopicandtextbookchapterBookChapter1OverviewofFinancialStatementAnalysis1.2OverviewofFinancialStatementAnalysis13FinancialReportingandAnalysis224FinancialReportingandAnalysis5AnalyzingFinancingActivities36AnalyzingFinancingActivities37ClassQuiz,ReviewofassignmentandCaseStudy8AnalyzingInvestingActivities49AnalyzingInvestingActivities410AnalyzingOperatingActivities611AnalyzingOperatingActivities612CashFlowAnalysis713CashFlowAnalysis714ProspectiveAnalysis915WorkshopandReviewFinalExaminationUsingtheNYITLibraryAllstudentscanaccesstheNYITvirtuallibraryfrombothonandoffcampusat/library.ThesameloginyouusetoaccessNYITe-mailandNYITConnectwillalsogiveyouaccesstothelibrary’sresourcesfromoffcampus.Ontheleftsideofthelibrary’shomepage,youwillfindthe“LibraryCatalog”andthe“FindJournals”sections.Inthemiddleofthehomepageyouwillfind“ResearchGuides;”select“VideoTutorials”tofindinformationonusingthelibrary’sresourcesanddoingresearch.Shouldyouhaveanyquestions,pleaselookunder“LibraryServices”tosubmitaweb-based“Ask-A-Librarian”form. MASTERSYLLABUSECON202:PRINCIPLESOFECONOMICSICourseDetailsSemester:CourseCode:ECON202CourseName:PrinciplesofEconomicsICoursePrerequisites:NoneCourseCo-requisites:NoneCreditsHours:Three(3)credithoursClassroom:ClassTiming:(45contacthours)FinalExamPeriod:InstructorDetailsProfessor:OfficeLocation:OfficeHours:Email:Coursewebsite:Phone(Office):CatalogCourseDescriptionAstudyofbasiceconomicconceptsemphasizinganalysisoftheaggregateeconomy.Thefundamentalconceptsofnationalincomeanditsdetermination,economicfluctuations,monetaryandfiscalpolicies,andeconomicgrowtharecovered.CourseOverviewAnintroductiontotheeconomicproblemofthemacroeconomy.Nationalincomeaccountscomputationanddeterminationisreviewed.Othertopicsincludeinflation,unemployment,fiscalpolicy,monetarypolicyandeconomicgrowth.Course-LevelLearningGoalsAnoteonSchoolofManagementCourse-LevelLearningGoals:Learninggoalsarepartitionedintothosethatareinsupportoftheprogrammaticlearninggoals(Invariant),specifictothelocalizedregionofdelivery(Contextualized),andspecifictothedomainexpertiseoftheinstructor(Instructor-Specific).Theformertwocategoriesarerequiredforallcourses.Invariant“AssuranceofLearningValidations”arespecificallylinkedtotheassociatedprogrammaticlearninggoalandobjective,withcourse-levellearninggoalsrepresentingtheprogrammaticgoalasitappliestothecontextofthecourse.Learninggoalsthatfocusonknowledgeacquisition(Bloom’sTaxonomy)arenotspecificallyornecessarilyincludedintothecourse-levellearninggoals,althoughitisassumedthatknowledgeacquisitionofallrelevantbusinessInvariantLearningGoals(InsupportoftheBSBAProgrammaticLearningGoal(s))ThedegreeofattainmentforeachcourselevellearninggoalisvalidatedthroughthecompositesetofscoresforthereferencedAssuranceofLearningValidationsforthatgoal.Forexample,ifalearninggoalisfollowedby(A1),itimpliesthattheaverageofthesetofscoresforAssuranceofLearningValidationA1formsthebasisofassessment/attainmentofthelearninggoal.Alternatively,ifalearninggoalisfollowedby(A3;A4;A6),thisindicatesthatthecompositesetofscoresforAssuranceofLearningValidationsA3,A4andA6aretobeusedtoassessthedegreetowhichthislearninggoalhasbeenattainedwithequalweightsappliedtoeachsetofscores.Thatis,theaverageofthescoresforA3isutilizedandweightedequally(1/3)withtheaverageforthescoresofA4,andalsoA6.Unlessspecifiedotherwise,theweightsareequal.InthelattercasetheweightforeachAssuranceofLearningValidationwouldbe1/3.ThedegreeofattainmentforeachcourselevellearninggoalisvalidatedthroughthecompositesetofscoresforthereferencedAssuranceofLearningValidationsforthatgoal.Forexample,ifalearninggoalisfollowedby(A1),itimpliesthattheaverageofthesetofscoresforAssuranceofLearningValidationA1formsthebasisofassessment/attainmentofthelearninggoal.Alternatively,ifalearninggoalisfollowedby(A3;A4;A6),thisindicatesthatthecompositesetofscoresforAssuranceofLearningValidationsA3,A4andA6aretobeusedtoassessthedegreetowhichthislearninggoalhasbeenattainedwithequalweightsappliedtoeachsetofscores.Thatis,theaverageofthescoresforA3isutilizedandweightedequally(1/3)withtheaverageforthescoresofA4,andalsoA6.Unlessspecifiedotherwise,theweightsareequal.InthelattercasetheweightforeachAssuranceofLearningValidationwouldbe1/3.Uponthesuccessfulcompletionofthiscourse,thestudentwillbeableto:Solveproblemsusingintroductoryeconomiccalculationsordescribeeconomicconceptsthatsupportasolidknowledgeofmacroeconomictheoryandpolicy,includingthekeycomponentsofeconomicactivity(A1;A2);Calculatemetricsusedtomeasurethemacro-economy,analyzeGDPanditscomponents(AggregateDemand)andassessthecurrentstateoftheeconomyandtheimpactoffiscalpolicyonhouseholds,business,governmentandforeignsectors(A3;A2);andCollectdatafrompublishedsources,conductappropriateanalysis,andreportfindings(A3).AssuranceofLearningValidations(LinkedtotheBSBAProgrammaticLearningGoal(s))AnoteonSchoolofManagementAssuranceofLearningScoring:Scoresformthemetricforthedegreetowhichthevalidation(e.g.learningoutcome)satisfiestheassociatedlearninggoalorobjective.Assuranceoflearningvalidationdescriptionsidentifythecriteriaforeachscorethatistobegiven.Allscoresarescaledfrom1-5(1-poor,2-fair,3-good,4-verygood,5-excellent).Itmustbenotedthatscoresaretobedifferentiatedfromgrades.Scoresformacriterionfromwhichaninstructorwillascertainanoverallgradeforanyinstrumentofassessment,andtheoverallassessmentthestudentreceivesforaninstrumentisa“grade.”Ascoreisanextractionthatspecificallymeasuresthedegreeofattainmentofalearninggoaland/orobjective.AnoteonSchoolofManagementAssuranceofLearningScoring:Scoresformthemetricforthedegreetowhichthevalidation(e.g.learningoutcome)satisfiestheassociatedlearninggoalorobjective.Assuranceoflearningvalidationdescriptionsidentifythecriteriaforeachscorethatistobegiven.Allscoresarescaledfrom1-5(1-poor,2-fair,3-good,4-verygood,5-excellent).Itmustbenotedthatscoresaretobedifferentiatedfromgrades.Scoresformacriterionfromwhichaninstructorwillascertainanoverallgradeforanyinstrumentofassessment,andtheoverallassessmentthestudentreceivesforaninstrumentisa“grade.”Ascoreisanextractionthatspecificallymeasuresthedegreeofattainmentofalearninggoaland/orobjective.A1. Homework:Studentsmustsubmithomeworkeveryweek.HomeworkmustbesubmittedelectronicallythroughBlackboardandisdueonaSunday.Homeworktopicsare:PPF,efficiency,tradeoff,opportunitycostandgrowth,GDPMeasurement,Phasesofbusinesscycle;Unemploymentmeasurementandtypesofunemployment,inflationmeasurement,shortandlongrunmacroeconomicequilibrium;andClassical,Keynesianandmonetaristschoolsofmacroeconomics,creationofmoneyinfractionalreservesystem,interestratedetermination,andSRandLReffectsofmoneyonrealGDP.Onescoreshouldbeascertainedfromthehomeworkbasedontheappropriatenessofthesolution(M2O1).A2. WrittenArticleReports(CurrentEvents):Eachstudentwillsubmittwowrittenreportsbasedontwomacroeconomicreadings,oneoftheirchoiceandtheotherfocusingoninternationalmacroeconomics,frombusinesspublicationssuchasWallStreetJournal,FinancialTimes,BusinessWeek,Fortune,Forbesand/orEconomist.Onescorerecordedforeachreportbasedonthestudent’sabilitytocompareandcontrasteconomicperformanceacrosscountries(G2O2).A3. GroupProject:Theinstructorwillformteamsandassignacountrytoeachteam.Studentteamsmustaddressthefollowing:CollectdataonGDPfortheirspecifiedcountryandcalculateGDPandannualgrowthratesforthetenmostrecentyearsutilizingExcel;Basedonthedataandcalculationsfrompart(a),assessthecurrentstateoftheeconomy;DemonstratehowemploymentandrealGDPareaffectedbybusinesscycles;andEachteammustsubmitawrittenreportaddressingtheissuesaboveEachgroupprojectisreceivesfourscores.Thecriterionforthefirstscoreisbasedontheappropriatenessoftheanalysis(M2O1).Thesecondscoreisbasedontheappropriatenessofthespreadsheetsandgraphs,(M2O4).Thethirdscoreisbasedontheclarityofthewritinginthereport(G1O1).Thecriterionforthefourthscoreistheabilityoftheteamtocollaborativelyprepareanddelivertheproject(G1O3).Contextualized(Globalized)LearningGoal(s):Uponthesuccessfulcompletionofthiscourse,thestudentwillbeableto:SeeInvariantLearningGoal2above.AssuranceofLea