Course

Course Summary
Credit Type:
Course
ACE ID:
SAYA-0006
Organization's ID:
ECON102
Organization:
Location:
Online
Length:
60 hours, self paced
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 principles of macroeconomics
Description

Objective:

The course objective is to explore of the factors that impact the overall performance of economies. The course focuses on public policies helping and hindering the achievement of intended outcomes, such as reducing unemployment or increasing trade.

Learning Outcomes:

  • differentiate among full employment and unemployment, and the three forms of unemployment
  • define inflation and explain ways of computing the general movement in prices
  • explain the model of aggregate demand and aggregate supply and the way the equilibrium price level and real GDP are determined
  • define money, its role in the economy, and the way money is created in the banking system
  • evaluate how the U.S. Federal Reserve uses monetary policy to influence key variables in order to achieve economic growth, price stability, and full employment
  • analyze capital flows and their impact on the foreign exchange market and the aggregate economy
  • describe the determinants of total output and the ways to measure nominal and real Gross Domestic Product (GDP)
  • analyze a government use of fiscal policy to stabilize the economy
  • apply fiscal policy to resolve economic issues and stimulate economic growth
  • analyze the relationship between inflation and unemployment and the attitudes of various schools of thought towards active management of the economy

General Topics:

  • Introduction to economics
  • Macroeconomics: gross domestic product, inflation, and unemployment
  • Aggregate demand and aggregate supply
  • Aggregate equilibrium and economic growth
  • Money, banking, and monetary policy
  • Fiscal policy and the relationship between inflation and unemployment
  • International trade and finance
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials