ECON& 202 Macroeconomics

Introduction to macroeconomics; elementary analysis of the determination of income through national income accounting. Covers macroeconomic issues including inflation, unemployment, economic growth, recessions, monetary/fiscal policy, and international trade and finance.

Credits

5

Prerequisite

ECON& 201, MATH 098, and ENGL& 101 is recommended.

Distribution

General Education

Outcomes

1. Explain the circular flow model and use the concepts of aggregated demand and aggregate supply to analyze the response of the economy to disturbances.
2. Explain the concept of short run and long run macroeconomic equilibrium.
3. Explain the concepts of gross domestic product, inflation and unemployment, and how they are measured.
4. Identify the causes of prosperity, growth and economic change over time and explain the mechanisms through which these causes operate in the economy.
5. Define fiscal and monetary policies and how these affect the economy.

Area of Study:

General Education

Instructional Mode:

Online

Lecture

50