Fall 2025
Principles of Macroeconomics
Approved: Initials/date Principles of Macroeconomics (ECON 2301) CREDIT 3 Semester Credit Hours (3 hours lecture, 0 hours lab) MODE OF INSTRUCTION Online PREREQUISITE/CO-REQUISITE: C or better in Composition I (ENGL 1301) COURSE 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. COURSE OBJECTIVES Upon completion of this course, the student will be able to 1.Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis ineconomic decision-making.2.Identify the determinants of supply and demand; demonstrate the impact in shifts inboth 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 cyclicalfluctuations in the market economy.5.Define money and the money supply; describe the process of money creation by thebanking system and the role of the central bank.6.Construct the aggregate demand and aggregate supply model of the macro economyand use it to illustrate macroeconomic problems and potential monetary and fiscalpolicy solutions.7.Explain the mechanics and institutions of international trade and their impact on themacro economy.8. Define economic growth and identify sources of economic growth. INSTRUCTOR CONTACT INFORMATION Instructor: Kara Booth Email: knbooth@lit.edu Office Phone: 409-247-5009Office Location: TA4-103COffice Hours: Virtual upon requestRESPONSE TIME 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 projects will usually be graded within two weeks of the due date. Emails will generally be answered within 48 hours. REQUIRED TEXTBOOK AND MATERIALS Principles of Macroeconomics by OpenStax Book Versions Free Weblink: https://openstax.org/details/books/principles-macroeconomics-3e Hardcover: ISBN-13: 978-1-711471-47-1 Paperback: ISBN-13: 978-1-711471-48-8 Digital: ISBN-13: 978-1-951693-64-0 PARTICIPATION 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. DROP POLICY If you wish to drop a course, you are responsible for initiating and completing the drop process. If you stop coming to class and fail to drop the course, you will earn an “F” in the course. COURSE CALENDAR Chapter # TOPICS Assessment Due Date Chapter 1 Welcome to Economics Introduction Discussion Board, Quiz 9/1/2025 Chapter 2 Choice in a World of Scarcity Quiz 9/8/2025 Chapter 3 Demand and Supply Discussion Board, Quiz 9/15/2025 Unit 1 Exam 9/16/2025 Chapter 6 The Macroeconomic Perspective Quiz 9/22/2025 Research Project Topic Selection 9/25/2025 Chapter 7 Economic Growth Discussion Board, Quiz 9/29/2025 Chapter 8 Unemployment Discussion Board, Quiz 10/8/2025 Chapter 9 Inflation Quiz 10/13/2025 Research Project Rough Draft 10/16/2024 Chapter 10 International Trade and Capital Flows Quiz 10/20/2025 Unit 2 Exam 10/21/2025 Chapter 14 Money and Banking Quiz 10/27/2025 Chapter 15 Monetary Policy and Bank Regulations Quiz 11/3/2025 Final Research Project 11/6/2025 Chapter 16 Exchange Rates and International Capital Flows Quiz 11/10/2025 Chapter 17 Government Budgets and Fiscal Policy Quiz 11/17/2025 Unit 3 Exam 11/18/2025 Chapter 19 Macroeconomic Policy Around the World Discussion Board, Quiz 11/24/2025 Chapter 20 International Trade Discussion Board, Quiz 12/1/2025 Unit 4 Exam 12/2/2025 Cumulative Final Exam 12/8/2025 COURSE EVALUATION Final grades will be calculated according to the following criteria: Chapter Quizzes 10% Discussion Boards 15% Unit Exams (4) 48% (12% each) Final Exam 12% Research Project 15% GRADE SCALE • 90-100 A • 80-89 B • 70-79 C • 60-69 D • 0-59 F TECHNICAL REQUIREMENTS The latest technical requirements, including hardware, compatible browsers, operating systems, etc. can be online at https://lit.edu/online-learning/online-learning-minimum-computer-requirements. A functional broadband internet connection, such as DSL, cable, or WiFi is necessary to maximize the use of online technology and resources. DISABILITIES STATEMENT The Americans with Disabilities Act of 1990 and Section 504 of the Rehabilitation Act of 1973 are federal anti-discrimination statutes that provide comprehensive civil rights for persons with disabilities. LIT provides reasonable accommodations as defined in the Rehabilitation Act of 1973, Section 504 and the Americans with Disabilities Act of 1990, to students with a diagnosed disability. The Special Populations Office is located in the Eagles’ Nest Room 129 and helps foster a supportive and inclusive educational environment by maintaining partnerships with faculty and staff, as well as promoting awareness among all members of the Lamar Institute of Technology community. If you believe you have a disability requiring an accommodation, please contact the Special Populations Coordinator at (409)-951-5708 or email specialpopulations@lit.edu. You may also visit the online resource at Special Populations - Lamar Institute of Technology (lit.edu). STUDENT CODE OF CONDUCT STATEMENT It is the responsibility of all registered Lamar Institute of Technology students to access, read, understand and abide by all published policies, regulations, and procedures listed in the LIT Catalog and Student Handbook. The LIT Catalog and Student Handbook may be accessed at www.lit.edu. Please note that the online version of the LIT Catalog and Student Handbook supersedes all other versions of the same document. STARFISH LIT utilizes an early alert system called Starfish. Throughout the semester, you may receive emails from Starfish regarding your course grades, attendance, or academic performance. Faculty members record student attendance, raise flags and kudos to express concern or give praise, and you can make an appointment with faculty and staff all through the Starfish home page. You can also login to Blackboard or MyLIT and click on the Starfish link to view academic alerts and detailed information. It is the responsibility of the student to pay attention to these emails and information in Starfish and consider taking the recommended actions. Starfish is used to help you be a successful student at LIT.