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.
General Education Competency
GEM Social and Behavioral Ways 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
Business & Economics
II. Course Specification
Course Type
General Education
General Education Competency
GEM Social and Behavioral Ways of Knowing
Credit Hours Narrative
3 Credits
Semester Contact Hours Lecture
50
Semester Contact Hours Lab
0
Semester Contact Hours Clinical
0
Grading Method
Letter grade
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:
- Communicate economic concepts both verbally and visually using economic graphing tools.
- Key Economic Models (Supply and Demand, Production Possibilities, Circular Flow, etc.)
- Economic Tools and Indicators (GDP, Unemployment, etc.)
- Market Systems and Institutions (including Cycles)
- International Economic Issues
- Fiscal and Monetary Policy
- Identify relationships between indicators and economic tools and economic trends; identify appropriate economic policies.
- Apply economic reasoning in both personal and business decisions.
- Effective Performance
- Participate in the learning process, become more fluent in economics, and utilize economic reasoning in decision making.
- Pursuit of Personal Goals
- Apply economic reasoning in both personal and business decisions.
- Global Perspective
- Communicate the relevancy and applicability of economic concepts using a global business perspective.
V. Topical Outline (Course Content)
The course consists of three units, each with its own exam, as well as a team project as a class final (see Section VI):
Unit 1: Chapter 1: Limits, Alternatives, and Choices
Chapter 2: The Market System and the Circular Flow
Chapter 3: Demand, Supply, and Market Equilibrium
Chapter 4: Market Failures: Public Goods and Externalities
Unit 2: Chapter 24: An Introduction to Macroeconomics
Chapter 25: Measuring Domestic Output and National Income
Chapter 26: Economic Growth
Chapter 27: Business Cycles, Unemployment, and Inflation
Unit 3: Chapter 32: Money, Banking, and Financial Institutions
Chapter 33: Money Creation
Chapter 34: Interest Rates and Monetary Policy
VI. Delivery Methodologies
Required Assignments
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.
Required Exams
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
Required Text
Economics. Twentieth Edition. Campbell R. McConnell, Stanley L. Brue, and Sean M. Flynn. McGraw Hill, 2015.
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.