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Economic Principles and Problems - Macro
ECON PRIN
CLASS CODE: ECON 111 CREDITS:  3
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: ECONOMICS
GENERAL EDUCATION: This course fulfills a General Education - American Institutions requirement.

DESCRIPTION: An elementary course emphasizing the workings of the U.S. macro economic system.
TAUGHT: Winter, Summer, Fall
CONTENT AND TOPICS:

  • Supply and demand

  • Inflation

  • Unemployment

  • Aggregate demand and aggregate supply

  • The business cycle

  • Growth

  • Money and banking

  • Monetary policy

  • Other macro economic theories

GOALS AND OBJECTIVES:

  1. Through a framework of facts, principles, and models, the student will be able to identify and analyze the basic economic problems which every society face.

  2. Explain how a mixed economy such as the U.S. solves these problems.

  3. Introduce the aggregate variables used in simple models of the U.S. economy. Using these models, the student will be able to predict and explain the effects of changes on the U.S. as well as other economies.

  4. A mastery of the concepts and ideas will assist the student in making informed decisions regarding current economic issues. Without a basic understanding of economics, issues such as budget deficits, taxes, and foreign trade, cannot be understood.

REQUIREMENTS: Homework assignments, quizzes, lab assignments, research assignments, writing assignments, and exams.
PREREQUISITES:
OTHER:
EFFECTIVE DATE: August 2002