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(ECON 201) Principles of Macroeconomics

Introduction to macroeconomic principles with focus on market-based economic systems, determinants of output, employment and inflation, monetary and fiscal policy tools, and international finance.

Credit hours 3.0 lecture
Prerequisite ACCT 186 (required for BUSM, ACCT, and HTM majors) or MATH 107
Offered Fall, winter, spring
Programs Accounting (BS), Business Education (BS), Business Management (BS), Economics Minor, History Education (BA), Political Science (BA), Political Science Minor, Social Science Education (BA)

Course Learning Outcomes

Expected outcomes of this course include:

  1. Apply basic mathematical tools to model and solve economic problems.
  2. Demonstrate the economic way of thinking by applying marginal analysis to decision-making.
  3. Describe how the performance of an economy is measured.
  4. Describe how inflation, unemployment, fiscal and monetary policies of the government affect the growth and productivity of an economy.
  5. Become familiar with short-run fluctuations in the economy and the factors causing these business cycles.