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

Semester Contact Hours Lecture

50

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

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

Semester Contact Hours Lecture

50

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

Grading Method

Letter grade

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:

  • 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.

Required Materials

Required Activities

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.