Course

Course Summary
Credit Type:
Course
ACE Course Number:
SOPH-0012
Organization Course Number:
ECON1001
Organization:
Location:
Online
Length:
Self-paced. Students have 60 days with a 30 day extension (if needed) to complete the course
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Macroeconomics, Principles Of Macroeconomics, or Fundamentals Of Macroeconomics
Description

Objective:

The course objective is to explore and interpret the behavior of economies and countries at both national and international levels. Through this exploration, students will learn how to evaluate decisions on monetary and fiscal policy. Students will also learn how to apply conceptual principles of macroeconomics in practical ways to everyday life.

Learning Outcomes:

  • Upon completion of the course, the student will be able to describe economics
  • Articulate market efficiency
  • Analyze monetary, money, and financial systems
  • And interpret international trade and aggregate demand and supply, prices and growth

General Course Topics:

  • An overview of economics
  • Circular flow diagram
  • Economic growth (GDP)
  • Types of GDP
  • Business cycles--expansionary/recessionary (NBER)
  • Monetary policy/fiscal policy
  • Supply and demand
  • Tax/subsidy
  • Money supply - price level / inflation
  • International trade
  • Shifts in supply
  • Consumer and producer surplus
  • Impact of price on quantity supplied/demanded
  • Deadweight loss
  • Gold standard
  • Fractional gold standard/fiat currency
  • U.S. Central Bank: Federal Reserve
  • Open market operations
  • Federal funds market
  • Expansionary/contractionary policy and the multiplier effect
  • Funding fiscal policy
  • Analyze trade barriers
  • Understanding indicators
  • PPI/CPI/deflator
  • Labor force participation rates by gender
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Computer Based Training
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from SOPHIA Learning, LLC

(SOPH-0010)
(SOPH-0006)
(SOPH-0029)
(SOPH-0032)
(SOPH-0001)
(SOPH-0031)
(SOPH-0034)
(SOPH-0007)