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Master
Course Outline
ECON& 202
Macroeconomics
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| Credits: 5 |
Clock Hours per Quarter: 50
AA Discipline: [Social Sciences]
Lecture Hours:50
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Description
Theory and policy related to organization and operation of a market economy. Topics include supply and demand theory, government spending and taxation, money and banking, analysis of employment, inflation, aggregate output and economic growth, and fiscal and monetary policy tools. Formerly ECON 201, Fundamentals of Macroeconomics. |
Intended Learning Outcomes
Define economic terms
Analyze economic concepts using graphical representations.
List resource classifications.
Calculate optimum solutions to economic problems using given data.
Evaluate the effects of changes in demand and supply on the market price and equilibrium quantity.
Explain the rationing function of prices and describe the effect of interventions in markets.
Explain the structure of the U.S. income tax system.
Describe and justify economic and political functions of government.
Explain relationship between tax rates and tax revenues.
Explain the nature of the Social Security and Medicare systems and discuss these system’s problems.
Demonstrate knowledge of economic forces which determine the level of national output, unemployment in the labor force, and general level of prices.
Define and calculate Gross Domestic Product (GDP) and understand limitations of using GDP as a measure of public welfare.
Describe fundamental determinants of economic growth.
Use long-run aggregate supply (LRAS) and aggregate demand (AD) to discuss long-run equilibrium and relationship between growth and inflation rates.
Compare Classical view of the national economy to the Keynesian view.
Explain key determinants of consumption and saving, and describe how equilibrium level of GDP is established.
Describe the relationship between total planned expenditures and aggregate demand.
Discuss fiscal policy tools.
Discuss deficit spending and the public debt.
Define money, money supply, and financial intermediation.
Describe structure and functions of the Federal Reserve System.
Discuss methods used by the Federal Reserve while conducting monetary policy.
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Course Topics
Defining Economics
Scarcity and Trade-offs
Comparative Advantage and Trade
Demand and Supply
The Price System and Markets
The Public Sector
Taxes, Transfers and Public Spending
Business Fluctuations, Unemployment, Inflation and Deflation
Circular Flow Model of the Economy
National Income Accounting methods
Economic Growth
Aggregate Demand and Aggregate Supply
Classical versus Keynesian Macro Analysis
Consumption Function
Fiscal Policy
Deficit Spending and Public Debt
Money Creation and Banking
Monetary Policy
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Syllabi
Listing
See ALL Quarters
| Course |
Year
Quarter
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Item
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Instructor |
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| ECON& 202 |
Spring 2013 |
6014 |
Paul Reed |
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| ECON& 202 |
Winter 2013 |
1642 |
Debora Frazier |
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| ECON& 202 |
Fall 2012 |
0892 |
Debora Frazier |
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| ECON& 202 |
Winter 2012 |
0894 |
Debora Frazier |
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| ECON& 202 |
Fall 2011 |
0892 |
Debora Frazier |
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Two Year Projected Schedule
| Year
One* |
Year
Two** |
Fall |
Winter |
Spring |
Summer |
Mini |
Fall |
Winter |
Spring |
Summer |
Mini |
X
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X
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X
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X
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*If fall quarter starts on an odd year (2003, 2005, etc.), it's Year One.
**If fall quarter starts on an even year (2002, 2004, etc.), it's Year Two.
printable version
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