Course

Course Summary
Credit Type:
Course
ACE ID:
SDCM-0060
Organization:
Study.com, LLC
Location:
Online
Length:
Self-paced. 15 weeks (50 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 principles of macroeconomics
Description

Objective:

The course objective is to have students examine macroeconomic concepts and perform macroeconomic calculations such as solving opportunity cost and wage inflation equations. Students will also examine basic functions of money and categories of financial assets.

Learning Outcomes:

  • identify market demand schedule, market supply schedule, and interpret market equilibrium
  • examine unemployment rates, inflation, gross domestic product, and the consumer price index
  • compare financial asset types and financial market categories
  • describe the basic functions of money, the fractional reserve system, money demand, and interest rates
  • demonstrate the time value of money and the money supply
  • explain foreign currency exchange, how fiscal policies affect the exchange rate, and how currency changes affect imports and exports
  • summarize net exports, capital flows, trade balance, markets, and trade restrictions
  • analyze economic scarcity, choice, and calculating opportunity cost

General Topics:

  • Scarcity, choice, and the production possibilities curve
  • Comparative advantage, specialization and exchange
  • Demand, supply and market equilibrium
  • Measuring the economy
  • Inflation measurement and adjustment
  • Understanding unemployment
  • Aggregate demand and supply
  • Macroeconomic equilibrium
  • Inflation and unemployment
  • Economic growth and productivity
  • Money, banking and financial markets
  • Central bank and the money supply
  • Fiscal and monetary policies
  • Foreign exchange and the balance of payments
  • Inflows, outflows, and restrictions
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials