- Name: Principles of Macroeconomics
- Division: Career & Technical Education
- Discipline: Economics
- Units (Credits): 3.00
I. Catalog Course Description
Prerequisites: ECON102 or consent of instructor. Recommend MATH 95 or higher.
Introduces the study of the determination of levels of national income, employment and prices, and basic causes for fluctuation for these levels.
II: Course Objectives
This course introduces the study of the determination of levels of national income, employment and prices, and basic causes for fluctuation for these levels. Formerly ECON 101.
- Describe and discuss the basics of economics: opportunity costs and production curves, supply and demand, public sector and national income.
- Explain the major problems of macroeconomics: opportunity costs and production curves, supply and demand, public sector and national income.
- Illustrate policies of Keynes, monetarists, and supply-siders to the basic problems of above.
- Discuss financial markets and international trade and finance.
- Find and interpret pertinent data.
- Solve homework problems using underlying mathematical theories.
III: Course Linkage
ECON 103–Principles of Macroeconomics meets a General Education requirement of the following degrees: Associate of Arts, Associate of Science, Associate of Applied Science, Associate of General Studies.
This course addresses the following Student Learning Objectives of the General Education Mission by ensuring that successful students:
- Are able to demonstrate college level reading, writing, and oral communication skills.
- Possess adequate problem solving, creative reasoning, and critical thinking skills.
- Can engage in meaningful self assessments and work effectively with others.
- Utilize effective and efficient learning skills, including locating and evaluating sources of information.
- Have knowledge of the subject matter to a level that is appropriate to the emphasis of their degree.
- Develop and improve their creative abilities.
- Appreciate the need for continuing education and lifelong learning.
- Will succeed at transfer institutions.