Business and Economics

Education Courses


Product Details

Macroeconomics (ECO-102)
Various: distance learning format

Varies (self-study; self-paced)

June 2016 - Present.

Subject Area:
Business and Economics

Number of Credits:

Learner Outcomes:
Upon successful completion of the course, students will be able to: discuss major macroeconomic issues of growth, unemployment and inflation; identify and measure economic growth, define, measure, and compare GDP; follow unemployment data via the business cycle; describe the effects of aggregate demand and aggregate supply fluctuations in relation to macroeconomic equilibrium; compare and contrast varied macroeconomics models, including the classic growth, neoclassical, and new growth theories; identify and discuss the underlying causes of inflation and describe the effects of demand-pull and cost-push inflation; use the Philips curve to describe the relationship between inflation and unemployment in the short and long run; identify and discuss the role of the Federal Reserve Bank and monetary policy; and discuss the impacts of governmental budgets and fiscal policy and taxes on saving and investment.

This is an introductory course in Macroeconomics for students with no prior background in Economics. The instructional approach is mainly non-quantitative, but graphical analysis is covered. Students learn basic macroeconomic concepts on the aggregate demand and aggregate supply of outputs in the general economy, economic growth and unemployment, and the role of money and banking institutions in affecting the economy’s price level and inflation. Students study various fiscal and monetary policies used by the government to stabilize economic fluctuations. The analytical tools learned in this course are useful in understanding and examining many real world economic problems affecting the general economy. Instruction is offered in the form of a course syllabus and study guide, an assigned textbook with reading assignments, a PowerPoint study guide and provided audio/visual presentations. Students are expected to complete the course of study set forth in the syllabus to properly prepare for the final examination. Some background in college algebra and/or statistics is required. Prerequisite: Some background in college algebra and/or statistics is required.

Credit Recommendation:
In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Business, Marketing, Finance, Economics, Human Resources, or as a general elective (6/16)(5/21 revalidated).