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. Course will be offered every year (Fall, Winter, Spring, Summer).

Prerequisites:
Prerequisite: ECON 201.

Credits: (5)

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

Develop an ability to graphically model and analyze present, historical, global and national macroeconomic issues
Demonstrate an understanding of economic and institutional factors determining global differences in economic growth
Demonstrate an understanding of concepts and processes underlying the relationships between the following macroeconomic and global 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 national debt)
- 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
Develop ability to apply economic theory addressing contemporary macroeconomic and global policy issues

Learner Outcomes Approval Date:
1/21/04