ECON& 202 - Macro Economics

Credits: 5
Variable Credit Course: No

Lecture Hours: 55
Lab Hours: 0
Worksite/Clinical Hours: 0
Other Hours (LIA/Internships): 0

Course Description: A comprehensive introduction to the structure of the American economy as compared to other economic structures, supply and demand, GDP, inflation, monetary policy, money and banking, taxation, economic growth, international exchange and comparisons of classical, Keynesian and monetarist economic philosophies are presented. Required for business majors planning to transfer to 4-year business programs.

Prerequisite: ENGL& 101 with a grade of C or higher; and either placement into OR co-enrollment in OR completion of a college-level Math course with a grade of C or higher.
Distribution Requirements:

Social Sciences Distribution Requirement

Meets FQE Requirement: No
Integrative Experience Requirement: No

Student Learning Outcomes

Understand how economic principles and policies affect groups of people and how the market system operates in the United States.
SOCIAL SCIENCES: Apply concepts from the social sciences to analyze individual or social phenomena, processes, events, conflicts, or issues.

Course Contents

Price functioning under “mixed” capitalism
Basic supply-demand relationships
Ways businesses are organized
Government’s role, expenditures, regulation, finance, taxation
National Income-accounting
Saving, consumption, and investment
Unemployment
Economic fluctuations-Inflation
Money-Prices
Banking system
Federal Reserve System
Fiscal-Monetary policies

Instructional Units: 5