ECON& 202: Macro Economics

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Class Program

Economics

Credits

Clinical Hours None

Weekly Contact Hours

Course ID

091566

Meets Degree Requirements For

Social Science

Description

Study of the structure and operation of the U.S. economic system, including economic institutions, resources, price mechanisms, public finance, economic fluctuations, national income accounting, macroeconomic theory, fiscal policy, the banking system, monetary policy and economic growth.

Grading Basis

Graded

Course Learning Outcomes

Seek, acquire and apply information and knowledge: Have and use quantitative data and a better understanding of economic concepts and reality as part of a rational decision process.

Apply a philosophical framework: Use a clearer and more consistent value set (A “Unifying Philosophy of Life”) as a part of a rational decision process.

Apply an analytical framework: Use the scientific method and the “Economic Way of Thinking” (Benefit-Opportunity Cost Analysis) in a rational decision process.

Reach more rational decisions (Problem Solve): As citizen/voters, make the high quality choices necessary for personal and collective goal achievement and responsible behavior.

Act in a more responsible manner: Behave in a way that contributes to civil and “free society”.

Core Topics

Introduction and the Syllabus
Economics in Perspective
The Role of Assumptions in Economic Models
Opportunity Cost
The Production Possibilities Frontier
The Circular Flow of Economic Activity
The Global Economy
Measuring Economic Performance, Gross Domestic Product
Measuring Economic Performance, Inflation
Measuring Economic Performance, Unemployment
Long Run Growth
Short Run Macroeconomic Fluctuations
Fiscal Policy
The Role of the Central Bank, Money, and Monetary Policy
Issues in Macroeconomic Theory and Policy