ECO 2401: Principles of Macroeconomics

Description

Surveys important macroeconomic concepts such as gross domestic product (GDP), unemployment, and inflation. Students learn how to determine the overall levels of output, unemployment, and prices. Students examine the concepts of scarcity and opportunity cost, explore the framework of supply and demand, and review factors that impact the overall economic activity and macroeconomic stability. Finally, students are introduced to selected topics related to international trade and finance and investigate government fiscal and monetary policy and their influence on the level of economic activity.

Objectives

  1. Recognize the sources of the central economic problem.
  2. Define the role of supply and demand in determining prices and quantities of goods and services.
  3. Discuss how various national economic indicators relate to economic growth.
  4. Discuss the effects of unemployment and inflation on the economy.
  5. Differentiate the aggregate expenditure and demand model of the macro economy from the supply and demand model at the micro level.
  6. Discuss the interaction of the federal government and the Federal Reserve Bank in controlling the U.S. economy.
  7. Illustrate monetary theory using the supply and demand model.
  8. Interpret the international economy through trade interdependences and financial interactions.

PreRequisites

None

Textbook(s)

ECON macroeconomics (Rev: 4)

Publisher: Cengage Learning (2015)
Author: McEachern, W. A.
ISBN: 9781285423623
Price: $54.56

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact the CSU Bookstore at bookstore@columbiasouthern.edu