Fall 2021 Course Syllabus Course: ECON-2301- Section: 5C Principles of Macroeconomics

Instructor Information
Instructor	Dr. Albert Thigpen
E-mail	thigpenat@lamarpa.edu
Phone	(409) 984-6513
Office	Location: Madison Monroe Education - Room: 228 Hours: By appointment.
COVID 19 Information	The Lamar State College Port Arthur (LSCPA) Student Code of Conduct COVID 19 Policy requires students who have been exposed to COVID 19 or diagnosed with COVID 19 to report their condition on the COVID 19 Notification Form (available via a link on the Student Code of Conduct COVID19 webpage). This information will be provided to the Dean of Student Services. In addition, this policy requires all students to wear face coverings in compliance with the criteria included in the policy. For more information please refer to the COVID 19 link on the LSCPA website.
Course Information
Description	An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.
Prerequisites	None
Learning Outcomes	Students, upon successful completion of this course, students will be able to: Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. Define and measure national income and rates of unemployment and inflation. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions. Explain the mechanics and institutions of international trade and their impact on the macro economy. Define economic growth and identify sources of economic growth.
Core Objectives	* Communication skills: Students will demonstrate effective written, oral and visual communication. * Critical Thinking Skills: Students will engage in creative and/or innovative thinking, and/or inquiry, analysis, evaluation, synthesis of information, organizing concepts and constructing solutions. * Empirical and Quantitative Skills: Students will demonstrate applications of scientific and mathematical concepts.
Program Student Learning Outcomes
Textbooks	Textbook Purchasing Statement: A student attending Lamar State College Port Arthur is not under any obligation to purchase a textbook from the college-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer. Economics: Principles, Problems and Policies. 21st Edition. McConnell, Brue, Flynn
Lecture Topics Outline	Dates are tentative and subject to change as deemed appropriate by the instructor: Weeks 1 - 5 Limits, Alternatives, and Choices The Market System and Circular Flow Demand, Supply, Market Equilibrium Market Failures : Public Goods and Externalities Government's Roles and Government Failure Week 5 Examination 1 (09/20/21) Elasticity Utility Maximization Behavioral Economics Week 8 Examination 2 ( 10/11/21) An Introduction to Macroeconomics Measuring Domestic Output and National Income Economic Growth Business Cycles, Unemployment, and Inflation Week 12 Examination 3 Chapters 26-29 (11/08/21) Basic Macroeconomic Relationships The Aggregate Expenditures Model Fiscal Policy, Deficits, and Debts Money, Banking, and Financial Institutions Current Issues in Macro Theory and Policy International Trade Presentation Group 1 (11/15/21) Presentation Group 2 (11/22/21) Presentation Group 3 (11/29/21) Week 16 Final Examination Chapters 37, 39, 40, 42 (12/06/21)
Major Assignments Schedule	Dates are tentative and subject to change as deemed appropriate by the instructor: Weeks 1 - 5 Limits, Alternatives, and Choices The Market System and Circular Flow Demand, Supply, Market Equilibrium Market Failures : Public Goods and Externalities Government's Roles and Government Failure Week 5 Examination 1 (09/20/21) Elasticity Utility Maximization Behavioral Economics Week 8 Examination 2 ( 10/11/21) An Introduction to Macroeconomics Measuring Domestic Output and National Income Economic Growth Business Cycles, Unemployment, and Inflation Week 12 Examination 3 Chapters 26-29 (11/08/21) Basic Macroeconomic Relationships The Aggregate Expenditures Model Fiscal Policy, Deficits, and Debts Money, Banking, and Financial Institutions Current Issues in Macro Theory and Policy International Trade Presentation Group 1 (11/15/21) Presentation Group 2 (11/22/21) Presentation Group 3 (11/29/21) Week 16 Final Examination Chapters 37, 39, 40, 42 (12/06/21)
Final Exam Date	December 6, 2021 - 12:30 PM   Through  December 6, 2021 - 3:30 PM
Grading Scale	90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of Final Grade	Four major exams will be given during the semester. The final exam will not be comprehensive and will only comprise material covered after the third exam. Questions for all exams will cover textbook readings, class discussion, and handouts. There will be a group project which will have the same weight as an exam. Participation in the group project is mandatory for all students. Pop quizzes may be given for credit. Exams may be in several formats including essay, multiple-choice, short answer, oral and true/false. GROUP PROJECT: Students will be divided into groups of approximately equal number. Groups will submit a topic on subject to be covered this semester to the instructor for approval. Once approved the group will prepare a paper and oral presentation on the APPROVED topic. Any topic change requires instructor approval. The Group Project will be worth 100 points. The presentation will be scored as follows: Research (Written Paper)- 40 points, Thoroughness, - 35 points, Unique Viewpoint (originality, communication, etc.) – 40 points. Four major exams (100 Points each) 400 Presentation Project 100 Four major examinations 400 points each Group Project 100 points Total 500 points Additional points may be added for participation and attendance.
Course Policies
Instructor Policies	Students are to report absences in advance to the extent possible or as soon as practical. Students are not automatically entitled to make up examinations or other work missed due to absence. Make-up examinations etc. may carry an academic penalty if determined appropriate by the instructor.
Attendance Policy	Research has shown a cause and effect relationship between attendance and college success. Students are expected to attend classes as noted. Excessive absenteeism or tardiness can result in the imposition of an academic penalty up to and including being dropped from the class.
Academic Honesty	Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSC-PA policies (Section IX, subsection A, in the Faculty Handbook) for consequences of academic dishonesty.
Facility Policies	No food or tobacco products are allowed in the classroom. Only students enrolled in the course are allowed in the classroom, except by special instructor permission. Use of electronic devices is prohibited.
Important Information
ADA Considerations	The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the the Office for Disability Services Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.
MyLSCPA	Be sure to check your campus E-mail and Course Homepage using MyLSCPA campus web portal (My.LamarPA.edu). When you've logged in, click the email icon in the upper right-hand corner to check email, or click on the "My Courses" tab to get to your Course Homepage. Click the link to your course and review the information presented. It is important that you check your email and Course Homepage regularly. You can also access your grades, transcripts, and determine who your academic advisor is by using MyLSCPA.
Other
HB 2504	This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.
Department	Inmate Instruction Chair: Sheila Guillot E-mail: guillsr@lamarpa.edu Phone: (409) 984-6381 If you have a grievance, complaint, or concern about this course that has not been resolved through discussion with the Instructor, please consult the Department Chair.