Principles of Economics I, Macroeconomics ((3 Credits ))

Catalog description

In this course, students will learn the foundations of macroeconomics as the branch of economics concerned with how decision-making, in an environment of scarcity, maps onto the aggregate economy. Students will examine theories and evidence related the following core set of topics: national income determination, money, monetary and fiscal policy, macroeconomic conditions, international trade and the balance of payments, and economic growth and development. Student Learning Outcomes: -Students will recognize that all decisions happen in an environment of scarcity. -Students will examine theories and evidence regarding how changes in aggregate measurements are related to economic performance. -Students will recognize the relationships between the components of the national income accounts. -Students will analyze theory and evidence regarding fiscal and monetary policies and how they affect the economy. -Students will identify theories of long-term economic growth and examine evidence for those theories.