ECON2301
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Principles of Macroeconomics
Department(s)
Course Description
(3-3-0) Core Area 080 This course is taken for academic credit. Students will earn an A, B, C, D, F, or W. An analysis of the economy including the measurement and determination of aggregate demand and aggregate supply, national income, inflation and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.
Academic Level
Undergraduate Credit
CIP Code
45.0601 - Economics, General
Course Type (Attributes)
General Academic (ACGM) (ACGM)
Locations
Athens (01), Palestine Satellite (02), Terrell Satellite (03), Online (06), Dual Credit - High School (09), Texas Dept of Corrections (05), Kaufman Workforce (04)
This is a Coursedog only field and is not integrated with the SIS.
Objective
Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
Objectives
Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
Objective
Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
Objectives
Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
Objective
Define and measure national income and rates of unemployment and inflation.
Objectives
Define and measure national income and rates of unemployment and inflation.
Objective
Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
Objectives
Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
Objective
Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
Objectives
Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
Objective
Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.
Objectives
Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.
Objective
Explain the mechanics and institutions of international trade and their impact on the macro economy.
Objectives
Explain the mechanics and institutions of international trade and their impact on the macro economy.
Objective
Define economic growth and identify sources of economic growth.
Objectives
Define economic growth and identify sources of economic growth.
Objective
Identify sources of economic growth
Objectives
To become familiar and comfortable with common economic labels, terms, laws and concepts.