ECON 25200 - Macroeconomics

Prerequisite(s): (MA 15300 FOR LEVEL UG WITH MIN. GRADE OF C OR APPL FOR MIN. SCORE OF 065 OR S12 FOR MIN. SCORE OF 590 OR A02 FOR MIN. SCORE OF 29) AND (ECON 25100 FOR LEVEL UG WITH MIN. GRADE OF C OR ECON 21000 FOR LEVEL UG WITH MIN. GRADE OF C OR ECON 10100 FOR LEVEL UG WITH MIN. GRADE OF C)

Credit Hours: 3.00. This course examines how the US economy functions and develops a theoretical framework permitting an analysis of the forces affecting national income, employment, unemployment, interest rates, the rate of inflation, and exchange rates. Emphasis is placed upon the role of government’s fiscal and monetary policy in promoting economic growth and stable prices. Topics covered include economic methods and questions; optimization; aggregate supply and demand; macroeconomic measures; aggregate income; economic growth; employment and unemployment; money and banking; macroeconomic stabilization techniques; international trade; and open economy macroeconomics. CTL: ISH 1041 Macroeconomics.
General Education: Social Sciences
Course Learning Outcomes
1. Incorporate the essential principles of economic analysis into your own decision-making process. 2. Identify the fundamentals of supply and demand in a competitive market and explain how the equilibrium price and quantity are determined. 3. Describe the macroeconomy using aggregate measures. 4. Identify and describe the proximate and fundamental causes of economic prosperity. 5. Distinguish the different measures, causes and effects of unemployment. 6. Recognize the causes and effects of inflation. 7. Categorize and describe the causes and properties of business cycles. 8. Analyze and evaluate monetary and fiscal policy tools as they relate to economic stabilization. 9. Explain how comparative advantage provides the basis for gains through trade. 10. Describe how exchange rates are determined. 11. Assess economic information contained in news reports, policymakers’ statements, and specialized publications critically.

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