Mar 28, 2024  
2017-2018 Undergraduate Catalog 
    
2017-2018 Undergraduate Catalog [ARCHIVED CATALOG]

Add to Portfolio (opens a new window)

ECON 202 - Principles of Economics Macro


Description:
Organization of the U.S. economy, structure, and role of the monetary system, problems of employment and inflation, overall impact of government spending and taxation on the economy. Economic growth, world economic problems, and a comparison of capitalism with other economic systems.

Prerequisites:
Prerequisite: ECON 201.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

  • Apply graphing skills to analyze macroeconomic models. These skills include an understanding of slope and its computation, curve shifts and movements along a curve, and the ability to draw inference from graphs.
  • Utilize quantitative techniques in the analysis of macroeconomic models. These techniques include manipulating and solving simple linear systems of equations, and computing growth rates.
  • Apply economic theory to contemporary macroeconomic policy issues.
  • Identify, explain trends in and explain the relationships between the following macroeconomic variables:
    • GDP (real and nominal)
    • Sources of economic growth (including capital accumulation, technological innovation, and productivity growth)
    • Inflation
    • Unemployment
    • Fiscal policy (including government spending, taxation, budget deficits, and nationaldebt)
    • Monetary policy (including money supply, interest rates, and the structure of the U.S. banking system)
    • Consumption spending, saving, wealth, and investment
    • Exchange rates, exports, and imports
Learner Outcomes Approval Date:
1/21/04



Add to Portfolio (opens a new window)