ECON& 202 - Macroeconomics

5 Credits
Macroeconomics focuses on the national economy the determination of the national income level, economic growth and prosperity, government spending and taxation, money and banking, analysis of employment, inflation, aggregate output and economic growth, and fiscal and monetary policy tools including the intended and unintended effects of government policies including the effects of both demand-side and supply-side fiscal and monetary policies on the economy.

General education distribution area: Social Science.

Course Outcomes

Explain in detail the concepts of demand and the price and income elasticities of demand.
Relate the significance of news items and statements related to stock markets.
Demonstrate an in-depth understanding of the significance and differences of GNP, GDP, price indices, and business cycle.
Evaluate the effectiveness of international free trade vs. protectionism on international economic well-being.
Relate the causes, impacts, and possible solutions of the recent economic phenomena of stagflation.