ECON 1000 - Macroeconomics

4.5 Credits

Students study the “big ideas” of macroeconomics such as GDP, inflation, unemployment, labor, and international trade. A look at public-policy decision making using macro theories such as: monetary policy, fiscal policy and other economic-stabilization theories, and the advantages and drawbacks of using them to address the economic challenges facing our economy is also examined by the students.

Recommended: BSAD 1000 and math requirements

Lecture Hours: 4.5
Lab Hours: 0.0
Internship Hours: 0.0
Clinical or Practicum Hours: 0.0

Course Objectives

Describe the operation of the market economy including supply and demand.
Explain the relationships amongst unemployment, inflation, and the business cycle.
Distinguish between the effects of government fiscal and monetary policy.
Analyze the effects of Federal Government deficits and surpluses.
Explain how national income and product are measured.
Demonstrate the interaction amongst national income, GDP, aggregate demand, and aggregate supply.
Discuss the basics of foreign exchange markets, globalization, and international trade.
Differentiate amongst various economic theories.

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