20809211Macroeconomics
Course Information
Description
This course provides an introduction to basic economic principles with applications to current economic problems affecting the overall performance of a nations economy. The course begins with an analysis of the role of markets and prices in an economy. Topics include the causes and consequences of unemployment, inflation, and economic growth; the role of money and banking in the economy; the role of government taxing and spending policies to correct market failure and stabilize the economy; the implications of budget deficits and the national debt; and the implications of an increasingly global economy. This course is designed to meet the need for college transfer credit.
Total Credits
3
Prior Learning Assessment
  • Exam-National (CLEP)
Course Competencies
  1. Explore the central concepts of economic analysis
    Assessment Strategies
    by completing the assigned readings
    by completing exam with a numerical score of at least 70%
    by completing assigned paper by specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you construct economic models to specific issues
    you explain economic models to specific issues
    you apply economic models to specific issues
    you investigate recent history of economic systems

  2. Investigate principal goals and tools of macroeconomic analysis
    Assessment Strategies
    by completing the assigned readings
    by completing exams with a numerical score of at least 70%
    by completing assigned paper by a specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you investigate key measures of macroeconomic performance
    you identify major macroeconomic goals, performance standards and means of evaluating the economy's performance

  3. Explain the aggregate expenditure model as well as the aggregate demand/supply model
    Assessment Strategies
    by completing the assigned readings
    by completing exams with a numerical score of at least 70%
    by completing assigned paper by specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you analyze the relationship between total expenditures and the GDP
    you identify conditions leading to inflationary and recessionary gaps

  4. Investigate macroeconomic policies
    Assessment Strategies
    by completing assigned readings
    by completing exam with a numerical score of at least 70%
    by completing assigned paper by specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you identify the fundamental of fiscal and monetary policy

  5. Critique specific macroeconomic issues and policies
    Assessment Strategies
    by completing assigned readings
    by completing exam with a numerical score of at least 70%
    by completing assigned paper by a specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you examine budget deficit and the debt
    you explore productivity growth and the macroeconomy
    you analyze the inflation/unemployment tradeoff
    you examine current controversies and limitations related to the application of macroeconomic analysis

  6. Examine the implications of the open economy
    Assessment Strategies
    by completing assigned readings
    by completing exam with a numerical score of at least 70%
    by completing assigned paper by a specified date according to the teacher's criteria for format, length and content
    by completing exercises
    Criteria
    you explain the implications of growing international trade
    you investigate the controversy of free trade versus protectionism
    you analyze the effect of the open economy on the effectiveness of macroeconomic stabilization policy
    you identify international economic institutions