(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 | MATH 107 or MATH 110 or Score 24 on Math Section of the ACT or 590 on Math section of the SAT |
| Offered | Fall, winter, spring |
| Programs | Accounting (BS), Business Education (BS), Business Management (BS), Social Science Education (BA) |
Course Learning Outcomes
Expected outcomes of this course include:
- Apply basic mathematical tools to model and solve economic problems.
- Demonstrate the economic way of thinking by applying marginal analysis to decision-making.
- Describe how the performance of an economy is measured.
- Describe how inflation, unemployment, fiscal and monetary policies of the government affect the growth and productivity of an economy.
- Become familiar with short-run fluctuations in the economy and the factors causing these business cycles.