Course

Course Summary
Credit Type:
Course
ACE ID:
ABAN-0165
Location:
Online
Length:
16 weeks (45 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Macroeconomics
Description

Objective:

The course objective is to provide an introduction to the fundamental principles of economics. Special emphasis is placed on macroeconomics and topics such as economic systems; demand and supply; business organizations; gross domestic product; unemployment; inflation; fiscal policy; monetary policy; interest rates; and business cycles. The course covers the basics of economic theory and the Federal Reserve and banking system and includes examples of the application of economics to banking.

Learning Outcomes:

  • Understand the meaning of economic terminology and the discipline of economic reasoning
  • Locate and obtain economic data and information and use it to examine contemporary economic issues
  • Understand the major economic policy problems faced by government: economic growth, unemployment, inflation, and budget deficits and debt
  • Understand the aggregate demand/aggregate supply model and its importance in examining major economic policy problems
  • Follow economic news and analyze important economic questions
  • Apply economic principles to important questions in the financial services industry
  • Use basic graphing and graph interpretation skills to examine economic questions
  • Recognize major economic policy controversies and the various schools of thought associated with them

General Topics:

  • Scarce resources, unlimited wants, and opportunity costs
  • The concepts of demand, supply, and equilibrium
  • Business organization
  • Unemployment and inflation
  • The business cycle
  • Aggregate demand and aggregate supply
  • Expenditures analysis
  • Fiscal policy
  • Money and financial markets
  • The Federal Reserve structure and policy
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Computer Based Training
  • Discussion
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials