Fall 2018 Course Syllabus
Course: ECON-2301- Section: 71
Principles of Macroeconomics
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Instructor Information
Instructor Kara Booth
Phone(409) 984-6424
Hours:by appointment
Business and Technology
Chair:Sheila Guillot
Phone:(409) 984-6381
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 TSI complete in Reading.
Learning Outcomes 1.    Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
2.    Identify the determinants of supply and demand; demonstrate the impact in shifts in both market supply and demand curves on equilibrium price and output.
3.    Define and measure national income and rates of unemployment and inflation.
4.    Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
5.    Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
6.    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.
7.    Explain the mechanics and institutions of international trade and their impact on the macro economy.
8.    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.
* Social Responsibility: Students will demonstrate intercultural competency and civic knowledge by engaging effectively in local, regional, national and/or global communities.
Program Student Learning Outcomes
Textbooks ECON-Macro4, McEachern, 4th Edition, Cengage Learning     
ISBN 13: 978-1-285-42362-3    
ISBN 10: 1-285-42362-3
Lecture Topics
I.    Introduction to Economics
A.    The Art and Science of Economic Analysis.
B.    Economic Tools and Economic Systems.
C.    Economic Decision Makers.
D.    Demand, Supply, and Markets.
II.    Fundamentals of Macroeconomics
A.    Introduction to Macroeconomics.
B.    Productivity and Growth.
C.    Tracking the U.S. Economy.
D.    Unemployment and Inflation.
E.    Aggregate Expenditure.
F.    Aggregate Demand
G.    Aggregate Supply
III.    Fiscal and Monetary Policy
A.    Fiscal Policy.
B.    Federal Budgets and Public Policy.
C.    Money and the Financial System.
D.    Banking and the Money Supply.
E.    Monetary Theory and Policy.
Major Assignments
Wk    Ch    Description of Topic    
1    1    Introduction to Economics; The Art and Science of Economic Analysis; Chapter 1
2    2    Economic Tools and Systems; Chapter 2     
3    3    Economic Decision Making; Chapter 3     
4    4    Supply and Demand; Chapter 4     
5        First Exam (Chapters 1 – 4)    Chapters 1-4    
6    5    Introduction to Macroeconomics; Chapter 5     
7    6    Tracking the U.S. Economy; Chapter 6    
8    7    Unemployment and Inflation; Chapter 7     
9    8    Productivity and Growth; Chapter 8     
10        Second Exam (Chapters 5-8); Chapters 5-8    
11    11    Fiscal Policy; Chapter 11    
12    13    Money and the Financial System; Chapter 13    
13    14    Banking and the Money Supply; Chapter 14
14    17    International Trade; Chapter 17    
15    18    International Finance; Chapter 18    
16        Final Exam; Chapters 1-8, 11, 13, 14, 17, 18    
Final Exam Date December 6, 2018 - 8:00 AM   Through  December 10, 2018 - 11:59 PM
Grading Scale  90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of
Final Grade
Weekly Quizzes     15%
Unit Assignments         10%
Discussion Boards      10%
Unit #1 Exam                 15%
Unit #2 Exam                15%
Final Exam             15%
Course Paper                20%
Course Policies
Instructor Policies Announcements    
I will post announcements weekly, usually early in the week. These announcements indicate upcoming due dates and notes important to your success in this course. You should READ these Announcements every week. I also recommend using the BlackBoard app on your phone, with notifications, so that you immediately receive notices of new announcements for this class.
Exams will be provided within a BlackBoard examination window. The exams will be timed and limited to 60 minutes. Make-up exams will NOT be given. Missed exams will receive a score of zero. You must work alone while taking the exam. Cheating on exams is not acceptable and will be subject to violations of the Academic Dishonesty policy.
If you encounter unforeseen and immediate problems with your computer during the exam, contact me at kbooth@lit.edu immediately. Dates for exams are listed on the Course Calendar and on the Task list. Each exam counts for 15 percent of your final grade. The Final exam is a course requirement. Failure to submit the Final exam will result in a failing course grade.
Weekly quizzes will be given covering the chapter studied that week. Dates for quizzes are listed on the Course Calendar and on the Task list. There will be no makeups for missed quizzes. Missed quizzes will receive a score of zero. The 4 lowest quiz grades will be dropped. Combined, these quizzes will count as 15 percent of your final grade
There will be 7 Discussion sessions in which you must participate. To receive full credit on Discussion boards, you must submit a thread of your own creation as indicated by the prompt and respond to at least two threads begun by your classmates. Your participation must be substantial and meaningful in order to receive credit. You will not receive full credit with a response such as “I agree” or “Good post.” Each discussion board has a grading matrix so that you can see exactly how each one will be graded. Due dates for Discussions are listed on the Course Calendar and on the Task list. There will be no makeups for missed Discussions. Missed discussions will receive a score of zero. The lowest 2 Discussions will be dropped. Combined, these Discussions will account for 10 percent of your final grade.
There will be 4 Unit assignments, one for each of the three units plus an overall assignment. Dates for unit assignments are listed on the Course Calendar and on the Task list. There will be no makeups for missed assignments. Missed assignments will receive a score of zero. Combined, these four unit assignments will account for 10 percent of your final grade.
Research Paper    
You will be required to submit a formal research paper. The research paper is due on the date listed on the Course Calendar, in the Task List, and on the Research Project page. Required content, proper format, adequate research, and correct citations are required. A grading matrix, outline, and guidelines are provided on the Research Project page. Plagiarism will not be tolerated and will be subject to violations of academic dishonesty.
The opportunity to submit a rough draft to be graded and returned with suggestions is provided. The Research Paper is 20 percent of your final grade. Please note that the research paper is a course requirement. Failure to submit a paper will result in a failing course grade.
Extra Credit    
At the end of the semester, there will be ONE opportunity for you to gain 2 points on your Final exam grade, by completing the instructor evaluation. There will be NO additional opportunities for extra credit.
Make-Up/Late work    
Exams, quizzes, assignments, discussion boards, the rough draft, and the final research paper are due on the dates as listed on the Course Calendar and Task list. There will be no make-up exams. There will be no make-up quizzes. Late discussion boards will not be accepted. Late assignments will not be accepted. Units, exams, quizzes, or discussion boards will not be reopened once closed. Late research papers will not be accepted.
Due Dates    
All due dates are listed on the Course Calendar – found by clicking on the Calendar Menu button – AND on the Task list – found by clicking on the Tasks menu button. Due dates are also announced in the weekly announcements. Quizzes, exams, assignments, discussion boards, and research papers will NOT be accepted nor reopened because a student “did not know it was due.”
Attendance Policy To be successful in this online course, the student MUST purchase the assigned textbook and log into BlackBoard 4-5 times weekly. Regular, reliable access to BlackBoard via Internet is required for this online course.

Response Time Policy    
Quizzes and exams are automatically graded by Blackboard and will be available to you immediately. Unit assignments and discussions will be graded in 7-10 days after the due date. Rough drafts and Final Research papers will usually be graded within two weeks of the due date. Emails will generally be answered within 24 hours. A quicker response can usually be made if you email me at kbooth@lit.edu rather than using the email within Blackboard.
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
  1. No food or tobacco products are allowed in the classroom.

  2. Only students enrolled in the course are allowed in the classroom, except by special instructor permission.

  3. 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 Special Populations Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.
MyLamarPA Be sure to check your campus E-mail and Course Homepage using MyLamarPA 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 MyLamarPA.
Other Incomplete Grades    
It is my policy to NOT give incompletes as a final course grade. Work must be submitted by the dates assigned.
Withdrawing from the course    
It is the responsibility of the student to properly withdraw from the course. The withdraw process will not be initiated by the instructor.
HB 2504 This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.