ECN-1030 Principles of Macroeconomics

Credits 3
This course explores the factors that impact the overall performance of an economy, by examining aspects of the economy from an aggregate perspective. It focuses on the policies that government pursues in order to achieve price stability, economic growth and full employment. Topics covered include supply and demand analysis, national income accounting, business cycles, aggregate expenditure and aggregate demand and supply models, and fiscal and monetary policy.
Social sciences general education class.
Prerequisite(s): Reading readiness and Math readiness or MAT 0071
Course Outcomes

Analyze the relationship between scarcity and choice, and how basic economic choices are made in different economic systems.
Use the market supply and demand model to show how a change in the market will affect the price and quantity of a good or service.
Interpret National Income Accounts, such as Gross Domestic Product and National Income.
Analyze the problems of achieving full employment, stable prices, and economic growth.
Analyze fiscal and monetary policy decisions that are used to influence the level of economic activity.
Analyze the role of spending in determining the level of economic activity with either the Expenditures Model or the Aggregate Demand/Aggregate Supply Model.