ECN 120 - Principles of Macroeconomics

Credit(s) 3.00
Lecture Hours: 3.00
This course discusses how society addresses economic scarcity and the choices made through markets and government. You will study fiscal and monetary policies and their role in managing economic stability in areas such as prices, employment, and growth. You will examine and analyze the importance of international trade and how it shapes economies. No This course satisfies a general education requirement in the Social Sciences Area.

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.