ECON111 Principles of Economics - Macro
Department of Social & Behavioral Science: Economics
- I. Course Number and Title
- ECON111 Principles of Economics - Macro
- II. Number of Credits
- 3 credits
- III. Number of Instructional Minutes
- 2250
- IV. Prerequisites
- None
- Corequisites
- None
- V. Other Pertinent Information
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This course meets the General Education requirement for Social Science.
This course meets the General Education requirement for Diversity.
This course meets the General Education requirement for Critical Thinking. - VI. Catalog Course Description
- An introduction to the basic principles of economics, with emphasis upon macroeconomic theory and analysis. Among topics considered are the scope and nature of economics, ideology and structure of the American economy, national income and employment theory, business fluctuations, money and banking, fiscal and monetary policies, and economic growth.
- VII. Required Course Content and Direction
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Course Learning Goals
Students will:
- analyze, synthesize, and apply macroeconomic concepts and principles [Critical Thinking];
- identify ways in which macroeconomic concepts impact one's everyday life;
- analyze economic trends and evaluate the impacts these trends have on diverse societal groups (cultural, socioeconomic, gender, demographic, etc.); and [Diversity]
- apply methods utilized in macroeconomics to measure attitudes of groups and/or individuals. [Social Science]
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Planned Sequence of Topics and/or Learning Activities
- Introduction to Economics
- Scarcity and the Allocation of Resources
- Economic Systems
- Production Possibilities Frontier
- The Market System
- The Macroeconomy
- Measuring the National Economy and Its Effect on Diverse Groups in Society
- National Income Accounting
- Price Indexes
- Unemployment Rates and the Labor Force
- Macroeconomic Problems and Their Effect on Diverse Groups in Society
- Business Fluctuations
- Inflation
- Unemployment
- Macroeconomic Theory
- Aggregate Demand
- Long Run
- Short Run
- Aggregate Supply
- Long Run
- Short Run
- Fiscal Policy
- Instruments
- Applications
- Money, Banking, and Monetary Policy
- The Money Supply
- The Banking System
- Monetary Theory
- The Federal Reserve and Monetary Policy
- The Budget Process
- Constructing the Budget
- Deficits and Surpluses
- National Debt
- Economic Growth
- Nature and Determinants of Growth
- Productivity and Technology
- Economics of Development
- International Economics
- International Trade
- International Finance
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Assessment Methods for Course Learning Goals
Course learning goals are assessed with in-class exams, electronically administered exams, essays, written assignments, multi-media projects, and/or participation in classroom/online discussions. -
Reference, Resource, or Learning Materials to be used by Student:
See course syllabus.
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Review/Approval Date - 1/04; Core Goals/Objectives added 2/07; New Core 8/2015; Goals updated 11/2017