Course Title
Prin Macroeconomics
Course Description
This course develops tools for an understanding of macroeconomic issues and theory, including the application to current social issues such as unemployment, economic growth, and inflation. The role of money and financial institutions are also examined. The use and effectiveness of economic policy to control the macroeconomy is explored. This course is approved as a Social Science course for the Liberal Studies Core.
Pass/Fail Only?
No
Faculty Permission Required?
No
Credit Hours Min
3
Instructional Method
Face-To-Face
Name
Learning Objective 1
Objective
Use supply and demand to analyze how world events affect market equilibrium prices and quantities.
Name
Learning Objective 2
Objective
Explain how GDP, the unemployment rate, inflation, interest rates, and economic growth are measured, and distinguish between real and nominal variables.
Name
Learning Objective 3
Objective
Explain the role the financial system plays in the economy.
Name
Learning Objective 4
Objective
Analyze the determinants of long-run variations in national economic growth rates, wealth, and income.
Name
Learning Objective 5
Objective
Analyze the determinants of short-run fluctuations of economic variables over the business cycle.
Name
Learning Objective 6
Objective
Understand the factors determining aggregate demand and aggregate supply using the AD-AS model.
Name
Learning Objective 7
Objective
Understand the Keynesian (output) multiplier.
Name
Learning Objective 8
Objective
Understand the goals and tools of monetary and fiscal policy.