ECO 140 - Principles Of Macroeconomics
Course Description: Macroeconomics explores the nature and structure of the economy as a whole. The course examines general economic conditions and factors that determine levels of employment, prices and economic growth in a society, along with the roles of the government and central bank. The economic and political aspects of public policy issues such as government spending, taxation, and international trade and globalization will be discussed. This course is designed for students in all disciplines.
ISLOs: This course supports student development of Critical Thinking, Quantitative Literacy, and Multicultural and Global Perspectives.
Prerequisite(s): Eligible for ENG 101; and eligible for MAT 080, Math Module 70 or 80.
General Education Elective(s): Social Science
Note(s): This course has been approved to meet the Core Curriculum General Education requirement.
Course Student Learning Outcomes:
- Apply the economic principles of supply, demand, and market equilibrium through graphical expression.
- Identify major macroeconomic variables and explain how business cycles and economic growth influence these variables.
- Evaluate the role and functions of financial institutions and the Federal Reserve in the economy.
- Distinguish between fiscal and monetary policy and evaluate appropriate options to achieve macroeconomic goals.
- Examine international economic relationships and systems, including the respective role of governments.
- Identify global socioeconomic and environmental challenges and evaluate public policy proposals to address them with an appreciation for regional and cultural differences.
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