Course ECON102: Macroeconomics
Students in this course will apply many of the basic tools economics use to understand the components of the U.S. economy, analyze its current performance, evaluate predictions of future performance through economic cycles, and assess how the U.S. is linked to the global economy via trade.
The course explains the importance of supply and demand, economic measures such as GDP, growth, employment and inflation, and how these relate to the business cycle and the health of the economy. Students develop knowledge of aggregate expenditures and aggregate supply and demand, in the context of the macroeconomy. In order to complete this course, students will also develop basic graphic skills and learn how to interpret macroeconomic statistics.
In addition to issues affecting U.S. markets, the course examines various international issues important in today's global economy.
Prerequisites: There are no prerequisites to take Macroeconomics.
Macroeconomics Course Objectives:
After completing this course, students will be able to:
- Identify and apply relevant terminology and concepts to economic issues and problems.
- Describe the main goals and problems in macroeconomic analysis
- Compare and contrast the free market system with other economic systems.
- Analyze the public and private sectors of the U.S. economy and their relationship
- Explain the components of the National Income and Product Accounts.
- Compare and contrast various macroeconomic theories.
- Analyze and develop short-run and long-run models of macroeconomic activity.
- Evaluate government macroeconomic policy tools, and explain how they are used to stabilize the national economy.
- Analyze international economic activity, and use the results to predict the impact on U.S. macroeconomic activity.
McConnell, C.R., Brue, S. L. & Flynn, S.M. (2009). Macroeconomics: Principles, Problems and policies (18th ed.). NY: McGraw-Hill Irwin. ISBN: 978-0-07-336594-7
McConnell, C.R., Brue, S. L. ,Flynn, S.M & Walstad, W. B. (2009). Study guide for use with macroeconomics (18th ed.). NY: McGraw-Hill Irwin. ISBN: 978-0-07-336884-9
|Total Cost of Course, including Books (at Full Price)||$714.34|