ECNS 202B - Principles of Macroeconomics

Credit(s): 3

This course is an introduction to the fundamental principles and concepts of national economies, including basic economic analysis of choice and its consequences and supply and demand. The problems and proposed solutions of national economies are addressed, including unemployment and inflation, national income accounting, economic growth, fiscal and monetary policy, business cycle theories and international trade. (Fall and Spring Semesters)

Course Learning Outcomes: Upon completion of the course, students will be able to

Describe scarcity, its effect on choices, and the great part economics plays in our everyday lives.
Demonstrate a working knowledge of the dynamics of supply and demand.
Describe capitalism, other types of economic systems, and the economic organization of the United States. Discuss the views of the most prominent economic thinkers and philosophers.
Discuss the techniques of calculating Gross Domestic Product.
Describe the problems of the macro-economy (unemployment and inflation) and analyze monetary and fiscal policies.
Discuss the American banking system and analyze its impact on the economy.
Discuss the importance of economic growth and describe the factors that affect growth.
Describe how comparative advantage and the role of exchange rates affect global trade.
Apply an appropriate reasoning framework for economic analysis.
Effectively use relevant, adequate support details, examples, reasons, logical arguments, facts, and/or statistics in analytical essays.
Evaluate multiple perspectives to arrive at and articulate their own conclusion.