Summer Sessions 2021 Course Syllabus
Course: ECON-2301- Section: 2C
Principles of Macroeconomics
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Instructor Information
InstructorDr. Albert Thigpen
Phone(409) 984-6513
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. 17 - 21st Edition. McConnell, Brue, Flynn
Lecture Topics
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.
Major Assignments
Weeks 1 - 2 Introduction to Course; Limits, Alternatives, and Choices
The Market System and Circular Flow
Price, Quantity, and Efficiency
Market Failures: Public Goods and Externalities
Weeks 3 - 4 An Introduction to Macroeconomics
Measuring Domestic Output and National Income
Economic Growth
Business Cycles, Unemployment, and Inflation
Weeks 5 - 6 Financial Economics
Current Issues in Macro Theory and Policy
International Trade
The Economies of Developing Countries
Exam 1 - Ch. 1 - 4
Exam 2 - Ch. 5 - 8
Exam 3 - Ch. 26 - 29
Exam 4 - Ch. 37, 39, 40, 42
Individual Assignment

Independence Day Holiday (observed) July 5, 2021 (Monday)
Final Exam Date July 12, 2021 - 12:30 PM
Grading Scale  90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of
Final Grade
Four major examinations 400 points each
Individual Assignment 100 points
Total 500 points

Additional points may be added for participation and attendance. Grading will be in accordance with the Student Assignment Completion Agreement executed by students.
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
  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 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 ( 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.
HB 2504 This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.
Inmate Instruction
Chair:Sheila Guillot
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.