ECON 102 - Principles of Macro Economics

Number of Credits: 3
Analyze macroeconomic concepts, theories, and issues impacting the economy overall. Topics include economic systems, scarcity and opportunity cost, supply and demand, unemployment and inflation, GDP and economic growth, fiscal and monetary policies, and international trade. Advanced Placement Exam (Macro Economics with a score of 3) and CLEP (Macro Economics with a score of 50) accepted. (All Terms) Three hours lecture each week. Three Credits. Three billable hours.

GENERAL EDUCATION Category: Social and Behavioral Sciences

Pre-requisite(s): eligibility for ENGL 101 , plus exemption/completion of MAT 094 , MAT 015 , or MATH 113 .
Course Topics:
economic systems, scarcity and opportunity cost, supply and demand, unemployment and inflation, GDP and economic growth, fiscal and monetary policies, and international trade
Course Objectives: Upon successful completion of this course, students will be able to:

Communicate ideas in written, oral, and other modes by applying modeling techniques and basic macroeconomic terminology (GE1, GE2, GE3, GE4, GE5).
Explore fundamental principles of economics such as opportunity cost, factors of production, and positive and normative economics (GE1, GE2, GE3).
Build market supply and demand graphs indicating equilibrium, shortages, surpluses, and shifts (GE1, GE2, GE3, GE4, GE5, GE6).
Explore the business cycle, the Circular Flow of Income, and the interactions of households, firms, and government (GE1, GE2, GE3, GE4, GE7).
Explore macroeconomic indicators and measurement tools (GE1, GE2, GE3, GE4, GE5, GE6).
Build aggregate supply and demand graphs showing short-run and long-run scenarios (GE1, GE2, GE3, GE4).
Compare Macroeconomic Schools of Thought (GE1, GE2, GE3, GE4, GE5, GE6).
Explore the Federal Budgetary Process, deficits and the national debt (GE1, GE2, GE3, GE4, GE5, GE6).
Describe the role of money in the U.S and global economies, the hierarchy of banking systems, and the purpose and instruments of monetary policy (GE1, GE2, GE3, GE4, GE5, GE6, GE7).
Explore Comparative Economic Systems (GE1, GE2, GE3).
Analyze the determinants of economic growth(GE1, GE2, GE3, GE4).