Course Abstract Details

ECON-102, Principles of Macro Economics

Credits: 3

Course Description

ECON-102, Principles of Macro Economics, studies macro-economic principles with regard to national income, money and banking, credit markets government influences, securities exchanges, and international trade. Related readings are required. Prerequisite: exemption/completion of READ-099. CLEP is available. This course may be taken separately or concurrently with ECON-101. Three hours lecture each week. Three credits. Three billable hours. GENERAL EDUCATION

Course Objectives and Grading Information

Course OBJECTIVES:t By the conclusion of this course the student should be able to:

1. Use the basic terminology of the discipline of economics as it is used by economists. (GE Goal #1) (GE Goal # 6) (PG Goal # 1) (PG Goal #2) (PG Goal #3) (PG Goal #4)

2. Explain the capitalist economic system in theoretical terms. (GE Goal #1) (GE Goal #2)tt(GE Goal #3) (GE Goal # 6) (PG Goal # 1) (PG Goal #2) (PG Goal #3) (PG Goal #4)

3. Explain the organization and operation of economic systems which are alternatives to capitalism.(GE Goal #1) (GE Goal #2) (GE Goal #3) (GE Goal # 6) (PG Goal # 1) (PG Goal #2) (PG Goal #3)(PG Goal #4)

4. Describe inflation and unemployment in terms of the economic impact and measurement. Understand the meanings and methods of determining, and the consequences of, inflation and unemployment.(GE Goal #1) (GE Goal #2)t(GE Goal #3) (PG Goal # 1) (PG Goal #2) (PG Goal #3) (PG Goal #4)

5. Compare the methods of calculation gross domestic product, net national product, and national income. (GE Goal #1) (GE Goal #2)t (GE Goal #3) (GE Goal # 6) (PG Goal # 1) (PG Goal #2)(PG Goal #3) (PG Goal #4)

6. Identify the consequences of various government actions on unemployment and price level. (GE Goal #1) (GE Goal #2) (GE Goal # 6) (GE Goal #7) (PG Goal # 1)(PG Goal #2) (PG Goal #3) (PG Goal #4)

7. Relate the impact of the money supply on unemployment and price level. (GE Goal #1)(GE Goal #2) (PG Goal # 1)t(PG Goal #2) (PG Goal #3)t(PG Goal #4)

8. Describe the organization of the Federal Reserve and impact of the Federal Reserve on the economy. (GE Goal #1) (GE Goal #2) (GE Goal # 6) (GE Goal #7) (PG Goal # 1) (PG Goal #2) (PG Goal #3) (PG Goal #4)

9. Indicate the impact of international trade on the standard of living. (GE Goal #1) (GE Goal #2) (GE Goal #4) (GE Goal #5) (GE Goal #6) (GE Goal #7) (PG Goal # 1) (PG Goal #2) (PG Goal #4)

10. Participate in at least one Academic Communities Program. (GE Goal #5) (GE Goal #6) (GE Goal #7)