ECN 120 - Principles of Macroeconomics

Credit(s) 3.00
Lecture Hours: 3.00
This course discusses issues confronting society as a result of economic scarcity. It examines the systematic approach to these issues as it has developed in markets and government combined to determine the economic decision-making process. Emphasis is placed on the fiscal and monetary policies of government, undertaken to modify the instability that occurs in the private sectors. This course includes the importance of international trade. This course satisfies a general education requirement in the Social Sciences area. This course has been designated as diversity rich. This course satisfies a general education requirement in the Social Sciences Area.This course has been designated as diversity rich.

SLOs:
Upon successful completion of this course students will be able to:

Explain the meaning of economic scarcity, the problems confronting society because of it, and alternative systems for resolving it.
Explain how the laws of markets work to organize the production and distribution of goods and services.
Explain the scope and nature of the U.S. government as an economic sector that taxes our incomes and allocates our resources.
Explain economic stability problems as they relate to prices, employment, and growth.
Explain the theory and practice of the U.S. government fiscal policy that addresses the problems associated with economic stability.
Explain the theory and practice of the U.S. Federal Reserve Board monetary policy that addresses the problems associated with economic stability.
Explain the reason for, and how countries gain from, international trade.