Economy & Globalization
Economy & Globalization
Economy & Globalization
Global Economics
Course title
Economics
Discipline
383-150-MV
3-0-3
info@
Michel Beauregard N-145 www.michelbeauregard.com
-2021 Fall
This course is the study of aggregate(or total) effects on the national economy and the
global economy of the choices that individuals, businesses, and governments make.
Economics and Globalization, from the contributive field of economics, gives students the
opportunity to fully develop the skills and knowledge associated with the use of
macroeconomic information for management purposes, and to continue developing the
competency to acquire an overall view of a market economy in the context of globalization.
This course allows student to develop the following elements of the competency: search
and process information; identify the demands of globalization in a market economy;
manipulate key concepts in macroeconomics.
This course is part of the first term introductory courses in Business Administraion which
together will provide a foundation for further learning in this educational discipline. There
are no prerequisites for this course.
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Task to be completed by the student at the end of the
LEARNING TARGET course, as it is related to the competency or
competencies
LEARNING TARGET:
During their final examination, students will be able to perform an analysis of the economic
situation by presenting the national and international macroeconomics influences.
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Progressive stages showing the logical learning sequence
for the student, in order to reach the course learning
target
STAGES OF LEARNING:
Course Content: The following represents some of the main economic subject areas to be discussed
during the semester. This material will primarily be taught in a lecture-based format combined with
in-class discussion of key topics. This subject area will be taught progressively during the course in
conjunction to the weekly reading requirements.
Part I
Goal
At the end of this stage, students will understand the self-organizing nature of a market economic
and why when individual consumers and producers act independently to pursue their own self-
interest, responding to prices determined in open markets, the collective outcome is coordinated
and relatively efficient.
Content
self-organizing economy
resources and scarcity
economic theories and models
Teaching strategies
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Part II
Goal
At the end of this stage, students will understand that all economic problems arise from scarcity,
that scarcity forces us to make choices. In addition, students will know what determines the prices
of specific products and whether there will be a lot produced or a little.
Content
Production possibilities
Opportunity cost
demand, supply, the determination of price
Elasticities of demand and supply
Specialization and exchange
Part III
Goal
Understand the meaning and importance of the key macroeconomic variables, including national
income, unemployment, inflation, interest rates exchange rates, and trade flows.
Content
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Part IV
Goal
Understand the forces that determine the key indicators of macroeconomic performance
Content
Part V
Goal
Explore the gains from trade, and how these gains are based on the important concept of
comparative advantage. Examine the foreign exchange market and why the balance of payments
accounts are always in balance.
Content
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Evaluations during the course of the session to prepare
the student for the final examination
A. Formative evaluations
B. Final evaluations
nature and description of the evaluations
EVALUATION OF ACQUIRED SKILLS AND
date
KNOWLEDGE
marks awarded
evaluation criteria
time required by the student
Showing how the final examination relates to the learning
target
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Week of Content
Pedagogical activities Readings and Preparatory work
teaching
Macroeconomic ideas Lecture Chapter 1
Canadian and global economies
Week 1
Circular flows
Macroeconomic performance
Production possibilities Lecture Chapter 2
Week 2 Opportunity cost Practical exercise
Specialization and exchange
Demand and supply Lecture Chapter 3,4
Week 3 Market equilibrium Discussion
Price rigidities Practical exercise First assignment
GDP and the standard of living Lecture Chapter 5, 6 and 7
Week 4 Nominal versus real GDP Case study
Jobs and unemployment Practical exercise
Consumer price index Mid-term
Week 5
Nominal and real values
AS-AD model Lecture Chapters 8, 9
Week 6 Natural unemployment rate Case study Second assigment
Economic growth Practical exercise
Money and the monetary system Lecture Chapter 13
Week 7
Money creation and control discussion
Money, interest and inflation Lecture
Week 8
Practical exercise
Aggregate expenditure Lecture Chapter 9 and 10
Week 9 class discussion
Practical exercise
Week 10 AS-AD and the business cycle mid-term
Fiscal and monetary policy effect Lecture C
Week 11
Practical exercise
Week 12 Fiscal and monetary policy debatesLecture
Case study
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Week of Content
Pedagogical activities Readings and Preparatory work
teaching
discussion
Trade patterns and trends Lecture Chapter13
Week 13 Gains from international trade Practical exercise Third assigment
International trade restrictions
Financing international trade Lecture Chapter 13
Exchange rate Practical exercise
Week 14
Class discussion
Review
Week 15 Final exam
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Application requirements of the PIEA; the following
components must be included in the course outline
Class attendance (4.7.3)
Submission of assignments (4.4.2)
Evaluation of the English language (4.6.2)
SPECIFIC COURSE REQUIREMENTS Presentation of assignments (4.4.4)
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Required readings
BIBLIOGRAPHY
Recommended readings
BIBLIOGRAPHY:
Sexton, Fortuna and Kovacs, 2016 Exploring Macro Economics, Fourth Canadian
Edition. NELSON Publishing.
Lipsey G. Richard, Christopher T.S. Ragan, (2003) Macroeconomics. Tenth Edition. Addison Wesley
Longman.
Bade, Robin, Michael Parkin, Bryan Lyons, (2003) Foundations of macroeconomics. First Edition.
Addison Wesley Longman.
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SPECIFIC COURSE REQUIREMENT:
For students in the Continuing Education sector, taking into account the requirements for certain funding
programs, the pedagogical support team reserves the right to convene students who are frequently absent in
order to analyze the situation and the need to apply sanctions in accordance with rules that have been set out at
the beginning of training.
The teacher also determines the date and time of submission for the assignment. Students who submit their work
late will be, except in cases deemed exceptional by the teacher, penalised up to 10% of the grade for each
working day the assignment is late. [...]
In written work (exams, assignments, projects), the correction of the English language is mandatory and leads to
a penalty of up to 10% of the grade. To establish that penalty, the department or the Continuing Education
sector may elect to measure the number of mistakes, or correct more globally using descriptive rubrics,
depending of the type of work assigned. […]
Plagiarism is defined as the act of presenting as one’s own the content or production of others without identifying
the source. A student plagiarises when, for example:
• Mirroring an excerpt from a text without using the citation standards.
• Appropriating the idea or the text of an author by paraphrasing incorrectly or failing to use the citation
standards.
• Using a concept, an image or music without indicating the source.
Fraud is defined as the act of deceiving in order to gain a personal advantage. A student commits fraud when, for
example:
• Using special equipment other than what is authorized, including material produced by him or herself in an
evaluation for another course.
• Copying the answer to a test or the assignment of another person.
• Helping someone else to copy.
In the French sector, the same disposition applies on the evaluation of the French language as the language of teaching.
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This article is based on the Regulation on Offenses of Academic Nature of UQAM and the IPESA from Ahuntsic and Montmorency
colleges.
697316481.doc 12
• Participating in the theft, falsification of documents or materials related to evaluation or of the justification of
absence during an evaluation (e.g., a doctor’s note).
• Using forbidden help in an assignment.
[…]
The penalty depends on the number of offenses by the student, regardless of the course:
1st offense: a grade of zero for the summative evaluation in question and a letter sent to the student informing
him or her of penalties associated with any subsequent offense.
2nd offense: a grade of zero for the course in question, no matter what course, semester or program, and a letter
sent to the student informing him or her of penalties associated with any subsequent offense.
3rd offense: a grade of zero for the course and suspension or dismissal by the decision of the Academic Dean or
the Continuing Education sector. The student will receive, with the decision of the Academic Dean or the
Continuing Education sector, a letter informing him or her of the penalty associated with any subsequent
offense.
4th offense: a decision of dismissal is taken by the Academic Dean or the Continuing Education sector. Where
appropriate, the student will therefore not be allowed to continue his or her studies in the program without a
new application. In the regular sector, this new application will be reviewed by a committee composed of the
coordinator of the department, a professor from a relevant discipline, an academic advisor, and a Dean. In the
Continuing Education sector, it will be analyzed by a committee composed of the pedagogical counsellor
responsible for the student's study program, an academic advisor and the coordinator of the appropriate sector.
Any student who feels unfairly accused of plagiarism or fraud is entitled to use the mechanisms provided in
Article 6. […]
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I.P.E.S.A.
INSTITUTIONAL POLICY ON THE EVALUATION OF STUDENT ACHIEVEMENT
We present certain articles of the Institutional Policy on the Evaluation of Student Achievement (IPESA) from Cégep Marie-Victorin that have a direct impact on the
organization and teaching of this course. We invite you to view the full text on the college Website.
3. DIVISION OF RESPONSIBILITIES
The division of responsibilities lies with various stakeholders and is distributed as follows:
THE STUDENT
To attend class, to fully engage in class activities and adopt a behaviour that promotes the learning process.
To learn about the policies and regulations that concern him or her first and foremost, particularly the Regulations on living conditions at Cégep Marie-Victorin
(Regulation No. 9) and the Institutional Policy on the Evaluation of Student Achievement (Policy No. 12).
To read the course outline carefully and to refer to it throughout the learning process.
To invest the required amount of personal study and preparation time required for homework, assignments and learning activities.
To use resources offered by the CEGEP in the case of learning difficulties.
To be present at all evaluations (diagnostic, formative and summative) according to requirement and determined deadlines.
To recognize the importance of intellectual integrity and apply methodological standards that respect copyrights.
The department committee or the pedagogical counsellor in the Continuing Education sector may define the success terms and passing conditions for a course in which
the student, despite inadequate past grades, demonstrates adequate mastery of the learning target of the course during a final summative evaluation. These success
terms and passing conditions shall be approved by the Academic Council.
Following a failure in clinical teaching or internships, if this failure is due to a serious breach of professional ethics, students will not be authorised to continue their
studies in the program.
Following a dismissal from the practical training community for serious reasons, students shall be prohibited from continuing studies in the program without first
submitting a new application for admission. This new application for admission shall be studied by a committee composed of the Internship Coordinator, the Department
Coordinator or the Pedagogical Counsellor associated with the program in the Continuing Education sector, the teacher-supervisor of the internship, the Academic Advisor
and the Dean or a representative from the Direction of Continuing Education.
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4.4.1 Attendance at final summative evaluations
Attendance at final summative evaluations is mandatory. Students who are absent without serious justification shall receive a grade of zero. It is the students’
responsibility to notify their teacher as soon as possible, to justify their absence and to present the teacher with a supporting document, if applicable. Only very serious
reasons (such as death in the family, an accident or illness) shall be accepted as valid by the teacher. In such cases, the teacher shall propose a make-up evaluation
based on the kind of evaluation activity.
Students are required to present themselves for an exam at the prescribed time and place. If a student arrives late, depending on the nature of the exam, the student
may be refused entry to the examination hall by the supervisor if another student has already handed in his or her exam paper and left.
In the French sector, the same disposition applies on the evaluation of the French language as the language of teaching.
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4.6.1 In order to give students every opportunity to improve their English language skills, in particular, their writing skills, and also to prepare them to pass the
Ministerial Examination of College English, teachers of all academic disciplines shall assign frequent written assignments during learning activities.
4.6.2 The teacher shall indicate students’ English language mistakes in assignments and exams allowing the students to understand their degree of mastery of the
language. He or she shall propose ways to improve their writing skills during the semester.
In written work (exams, assignments, projects), the correction of the English language is mandatory and leads to a penalty of up to 10% of the grade. To establish
that penalty, the department or the Continuing Education sector may elect to measure the number of mistakes, or correct more globally using descriptive rubrics,
depending of the type of work assigned.
4.6.3 Furthermore, in courses where language accuracy is required by the competency or competencies and is part of the learning content, the IPESA allows a
positive grading scheme for the English language instead of a penalty. That means that the evaluation of the English language may be integrated into the evaluation
criteria of the work. Moreover, the maximum number of points associated with language mastery, be it through a positive evaluation or through a penalty, may
exceed 10% of a grade but must be submitted for approval to the Academic Council.
4.6.4 The terms of the evaluation of the English language shall be determined by the department or by the Continuing Education sector and shall appear in the
course outline.
4.6.5 The teacher shall be vigilant concerning the quality of language in the documents distributed to students.
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4.7.4 The observation of the learning progress
In courses where the summative evaluation of the student’s mastery of the competency is based on the teacher’s regular observation of the student, attendance may
constitute a condition for success. It should be noted that this assessment should stem from the guidelines present in the ministerial specifications. Situations that
lend themselves to the activation of this article are:
The course includes hours of lab work in which the student must safely operate different types of equipment, repeated observations is required to ensure the safety of the
student on all devices.
The course includes hours of lab work in which the student must demonstrate the progressive development of abilities leading to a final production.
The ministerial specifications explicitly require the regular practice of an activity during the contact hours.
The teacher is not in a position to evaluate, ensuring the security of the students, their practice of a physical activity. Students must have demonstrated, for certain
physical activities and on a regular basis during the contact hours, their capacity to practise the activity in a safe way. Students who are absent on a regular basis shall be
refused access to the summative evaluations of this physical activity to ensure their safety. They shall receive a grade of 0% for this exam.
The department or pedagogical counsellor of the Continuing Education sector shall be responsible for approving this practice for each course, and for obtaining the
approbation for its application by the Academic Council and for ensuring that these parameters are clearly explained within each course outline so that students are
well informed.
The grade revision process does not apply where a simple technical error (faulty mark calculation, transcription error, etc.) has been made. Requests of this kind shall be
made directly to the teacher.
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4.9 PLAGIARISM OR FRAUD
The entire College community recognizes the importance of intellectual integrity and takes the necessary steps to prevent any form of plagiarism or fraud.
4.9.1 Definitions
For the purposes of this policy, any act of plagiarism or fraud committed by a student, as well as any involvement in these acts or attempt to commit them, during a
summative evaluation, constitute an offense. These actions relate to the use of different types of content or products (texts, images, illustrations, photos ...),
regardless of the type of media (print, online or digital).
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This article is based on the Regulation on Offenses of Academic Nature of UQAM and the IPESA from Ahuntsic and Montmorency colleges.
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Plagiarism is defined as the act of presenting as one’s own the content or production of others without identifying the source. A student plagiarises when, for
example:
• Mirroring an excerpt from a text without using the citation standards.
• Appropriating the idea or the text of an author by paraphrasing incorrectly or failing to use the citation standards.
• Using a concept, an image or music without indicating the source.
Fraud is defined as the act of deceiving in order to gain a personal advantage. A student commits fraud when, for example:
• Using special equipment other than what is authorized, including material produced by him or herself in an evaluation for another course.
• Copying the answer to a test or the assignment of another person.
• Helping someone else to copy.
• Participating in the theft, falsification of documents or materials related to evaluation or of the justification of absence during an evaluation (e.g., a doctor’s note).
• Using forbidden help in an assignment.
4.9.2 Procedures
A teacher who detects plagiarism or fraud in a summative evaluation must:
Notify the student of the detection of fraud or plagiarism.
Notify the Academic Systems and Academic Advising of the case of fraud or plagiarism, in accordance with the institutional mechanism prescribed.
Keep a copy of the plagiarized work. If it is a situation where the teacher witnesses the attempted plagiarism or where the teacher found material for fraud or
plagiarism, the teacher must prepare and keep a report of the incident.
1st offense: a grade of zero for the summative evaluation in question and a letter sent to the student informing him or her of penalties associated with any subsequent
offense.
2nd offense: a grade of zero for the course in question, no matter what course, semester or program, and a letter sent to the student informing him or her of penalties
associated with any subsequent offense.
3rd offense: a grade of zero for the course and suspension or dismissal by the decision of the Academic Dean or the Continuing Education sector. The student will
receive, with the decision of the Academic Dean or the Continuing Education sector, a letter informing him or her of the penalty associated with any subsequent offense.
4th offense: a decision of dismissal is taken by the Academic Dean or the Continuing Education sector. Where appropriate, the student will therefore not be allowed to
continue his or her studies in the program without a new application. In the regular sector, this new application will be reviewed by a committee composed of the
coordinator of the department, a professor from a relevant discipline, an academic advisor, and a Dean. In the Continuing Education sector, it will be analyzed by a
committee composed of the pedagogical counsellor responsible for the student's study program, an academic advisor and the coordinator of the appropriate sector.
Any student who feels unfairly accused of plagiarism or fraud is entitled to use the mechanisms provided in Article 6.
The Academic Dean or the Director of Continuing Education informs the department or the pedagogical counsellor of the Continuing Education sector of the follow-up
given to the report of the cases of plagiarism.
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LANGUAGE SKILLS ASSESSMENT
CONTINUING EDUCATION (DCS AND ACS)
Linguistic correction key:
Average
Number of Number of Number of Number of Number of index of
mistakes mistakes mistakes mistakes mistakes mistakes Penalty
in 500 in 250 in 200 in 150 in 100 frequency on 10
words words * words words words (1 mistake for
… words)
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0 to 3 0 or 1 0 or 1 0 0 … 0
4 to 5 2 2 1 or 2 1 1/125 -1
6 to 11 3 to 5 3 or 4 3 2 1/65 -2
12 to 17 6 to 8 5 to 7 4 or 5 3 1/35 -3
18 to 23 9 to 11 8 to 9 6 4 1/25 -4
24 to 29 12 to 14 10 or 11 7 or 8 5 1/19 -5
30 to 35 15 to 17 12 or 13 9 or 10 6 1/16 -6
36 to 42 18 to 20 14 to 16 11 or 12 7 or 8 1/13 -7
43 to 47 21 to 23 17 to 19 13 or 14 9 1/11 -8
48 to 52 24 to 26 20 or 21 15 10 1/10 -9
53 and more 27 and more 22 and more 16 and more 11 and more 1/9 -10
To know the total number of words in Word: in the Tools tab select Statistics.
In Word 2007, the total number of words is permanently in the status bar below the text.
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