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Dec 26, 2024
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ECO 102 - Principles of Macroeconomics
Credits: 3
3 Lecture Hours
Description
In this course, students are introduced to the economic principles as applied to the economy as a whole. Topics include national income accounting, aggregate demand and supply, fiscal and monetary policy, economic growth and international trade.
Learning Outcomes
Upon successful completion of the course, the student will:
- Explain the concepts of scarcity, choice and opportunity cost and their role in economic decision making.
- Develop supply and demand curves highlighting the equilibrium concept.
- Assess the role of the federal government in the U.S. economy, including monetary and fiscal policy.
- Calculate rates of inflation and unemployment relative to the U.S. economy.
- Discuss comparative advantage as it pertains to international trade.
- Examine specific principles of unemployment.
Listed Topics
- Scarcity and opportunity cost
- Supply and demand
- The role of unemployment and inflation
- The role of the government in the economy
- National income accounting
- Fiscal policy
- Monetary policy
- International trade
Reference Materials
Textbook, study guides, audio visuals, and libary resources.
Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals: - Critical Thinking & Problem Solving
- Communication
- Quantitative & Scientific Reasoning
Approved By: Dr. Quintin B. Bullock Date Approved: 3/16/2022
Last Reviewed: 3/16/2022
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