ECON 201 Principles of Macroeconomics

This course includes organization and operation of the American economy, supply and demand analysis, money and banking, employment and aggregate output, public finance, and economic growth.

Credits

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

General Education Competency

Social & Behavioral Way of Knowing

ECON 201Principles of Macroeconomics

Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.

I. General Information

Department

II. Course Specification

Course Type

General Education|{5B2306C7-58E4-43D4-B8A5-26C59F89A734}

General Education Competency

Social & Behavioral Way of Knowing

Credit Hours Narrative

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Repeatable

N

III. Catalog Course Description

This course includes organization and operation of the American economy, supply and demand analysis, money and banking, employment and aggregate output, public finance, and economic growth.

IV. Student Learning Outcomes

Upon completion of this course, a student will be able to:

  • Describe the contemporary banking and monetary system; and analyze the role of money, credit, and the Federal Reserve monetary policy.
  • Outline the role of comparative advantage in exchange.
  • Describe the role of international trade and finance in domestic economic activity.
  • Explain factors that influence behaviors using the principles of supply and demand.
  • Analyze fiscal and monetary policy decisions to counter business cycle swings by using macroeconomic models.

V. Topical Outline (Course Content)

VI. Delivery Methodologies

Specific Course Activity Assignment or Assessment Requirements

Discussions There are a total of eleven discussion assignments throughout the semester. The discussion may be a response to an article, exercises from the text, or assignment on any topic related to the course. Each discussion assignment is worth 10 points, and students are allotted one "free" assignment (students may drop the lowest discussion score). Team Project Working in groups of four or five, students complete a team project relating to a specific country’s economic indicators. Each group is required to select a single country (other than the United States) to work on for the project, and students may not duplicate countries; each group must have their own, unique country. The project is worth one hundred 100 points: 50 points for the presentation and 50 points for the paper. Exams There are three section exams worth one hundred 100 points each. The exams are not comprehensive; each exam only pertains to information covered since the previous exam. The exams are individual effort only and contain multiple choice items which may involve calculations and/or interpretation of economic data. The exams are open-book and open-notes 1. 2.