Spring 2020 Course Syllabus Course: ECON-2301- Section: 2E Principles of Macroeconomics

Instructor Information
Instructor	Albert Thigpen
E-mail	thigpenat@lamarpa.edu
Phone	(409) 984-6513
Office	Location: Ruby Fuller - Room: 211 Hours: By appointment.
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.
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. * 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	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. McHearn Macro-Econ 5th Edition
Lecture Topics Outline	Week 1 21-Jan Course Overview, Introduction to Econ, Economic Analysis Week 1     23-Jan Economic Analysis, Economic Tools, Economic Systems Week 2 28-Jan Economic Tools, Economic Systems, Economic Decision Makers Week 2 30-Jan Research Assignment Week 3     04-Feb    Economic Decision Makers, Demand, Supply and Markets Week 3 06-Feb    Economic Decision Makers, Demand, Supply and Markets, Review Week 4 11-Feb    Exam 1 - Chapters 1-4 (above) Week 4     13-Feb    Intro to Macroeconomics, Tracking US Econ, Unemploy and Inflation Week 5     18-Feb Tracking US Econ, Unemploy and Inflation, Productivity and Growth Week 5     20-Feb Unemploy and Inflation, Productivity and Growth, Aggregate Demand Week 6 25-Feb Productivity and Growth, Aggregate Demand, Aggregate Supply Week 6 27-Feb Aggregate Demand, Aggregate Supply, Review Week 7     03-Mar Exam 2 - Chapters 5-10 (above) Week 7 05-Mar Fiscal Policy, Fed. Budgets and Public Policy Week 8 10-Mar    SPRING BREAK Week 9 12-Mar    SPRING BREAK Week 9     17-Mar    Fiscal Policy, Fed. Budgets and Public Policy Week 10 19-Mar    Fed. Budgets and Public Policy, Money and the Financial System Week 10 24-Mar    Fed. Budgets and Public Policy, Money and the Financial System Week 11 26-Mar    Banking and Money Supply, Monetary Theory and Policy(Library) Week 11 31-Mar    Monetary Theory and Policy, Macro Policy Debate Week 12 02-Apr    Macro Policy Debate Week 12     07-Apr    Macro Policy Debate, Review Week 13 9-Apr    Exam 3 Chapters 11-16 Week 13 14-Apr    International Trade, Trade Wars Exercise Week 14 16-Apr    International Trade, Trade Wars Exercise Week 14 21-Apr International Trade, Trade Wars Exercise Week 15     23-Apr    International Finance Week 15 28-Apr    International Finance Week 16 30-Apr    Economic Development Week 16 05-May Economic Development Week 17 07-May Economic Development Week 17 12-May Final Examination (Ch. 17-19)
Major Assignments Schedule	Week 1 21-Jan Course Overview, Introduction to Econ, Economic Analysis Week 1     23-Jan Economic Analysis, Economic Tools, Economic Systems Week 2 28-Jan Economic Tools, Economic Systems, Economic Decision Makers Week 2 30-Jan Research Assignment Week 3     04-Feb    Economic Decision Makers, Demand, Supply and Markets Week 3 06-Feb    Economic Decision Makers, Demand, Supply and Markets, Review Week 4 11-Feb    Exam 1 - Chapters 1-4 (above) Week 4     13-Feb    Intro to Macroeconomics, Tracking US Econ, Unemploy and Inflation Week 5     18-Feb Tracking US Econ, Unemploy and Inflation, Productivity and Growth Week 5     20-Feb Unemploy and Inflation, Productivity and Growth, Aggregate Demand Week 6 25-Feb Productivity and Growth, Aggregate Demand, Aggregate Supply Week 6 27-Feb Aggregate Demand, Aggregate Supply, Review Week 7     03-Mar Exam 2 - Chapters 5-10 (above) Week 7 05-Mar Fiscal Policy, Fed. Budgets and Public Policy Week 8 10-Mar    SPRING BREAK Week 9 12-Mar    SPRING BREAK Week 9     17-Mar    Fiscal Policy, Fed. Budgets and Public Policy Week 10 19-Mar    Fed. Budgets and Public Policy, Money and the Financial System Week 10 24-Mar    Fed. Budgets and Public Policy, Money and the Financial System Week 11 26-Mar    Banking and Money Supply, Monetary Theory and Policy Week 11 31-Mar    Monetary Theory and Policy, Macro Policy Debate Week 12 02-Apr    Macro Policy Debate Week 12     07-Apr    Macro Policy Debate, Review Week 13 9-Apr    Exam 3 Chapters 11-16 Week 13 14-Apr    International Trade, Trade Wars Exercise Week 14 16-Apr    International Trade, Trade Wars Exercise Week 14 21-Apr International Trade, Trade Wars Exercise Week 15     23-Apr    International Finance Week 15 28-Apr    International Finance Week 16 30-Apr    Economic Development Week 16 05-May Economic Development Week 17 07-May Economic Development Week 17 12-May Final Examination (Ch. 17-19)
Final Exam Date	May 12, 2020 - 1:00 PM
Grading Scale	90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of Final Grade	Four major examinations 100 points each Trade War Exercise 100 points Total 400 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.
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.
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Other
HB 2504	This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.