Course

Course Summary
Credit Type:
Course
ACE ID:
PLNS-0094
Organization's ID:
PLNS-0094
Organization:
Pearson
Location:
Classroom-based
Length:
12 -- 15 weeks (127.1 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles Of Macroeconomics
Description

Objective:

The course objective is to introduce foundational concepts of economic principles, such as opportunity costs, supply, and demand. However, the course focus is to explore primary macroeconomic principles, including measurement, real economy in the long run, money economy in the long run, macroeconomic fluctuations, and policy issues. Students will be presented with real world contemporary examples that apply theory to practice, demonstrating the relevance of macroeconomic thought.

Learning Outcomes:

  • Explain how free and competitive markets allocate resources efficiently through the interaction of supply and demand
  • Explain how the financial markets function to allocate loanable funds and determine interest rates
  • Explain how changes in aggregate supply and aggregate demand result in business cycles
  • Analyze the relationship between inflation and unemployment in the short run
  • Analyze the demand and supply effects of fiscal policy on employment and gross domestic product
  • Analyze the objectives and tools of the federal reserve's monetary policy
  • Analyze the economic way of thinking
  • Evaluate the different effects caused by changes in demand and supply conditions
  • Analyze the measurements of gross domestic product and inflation as key indicators of aggregate economic performance
  • Explain the significant relationships between employment and output in the short and long runs
  • Analyze the differences in growth rates over time and between economies
  • Outline the key components of the U.S. monetary system
  • Analyze changes in the supply of and demand for money
  • Analyze economic policy using the aggregate expenditure multiplier
  • Analyze the effects of government policies in international markets

General Topics:

  • The economic way of thinking
  • Demand and supply
  • Changes in supply and demand
  • Gross domestic product
  • Jobs, employment, and output
  • Economic growth
  • Finance, saving, and investment
  • U.S. monetary system
  • Money, interest, and inflation
  • Aggregate supply and aggregate demand
  • The expenditure multiplier
  • Explaining the short-run policy trade-off
  • Fiscal policy
  • Monetary policy
  • International economic policy
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials