This principles of macroeconomics course is intended to introduce students to the basic concepts that govern economic activity as well as methods used to measure important economic indicators. The basic concepts of supply and demand as well as elasticity are introduced. Monetary policy as handled by the Federal Reserve System; the measurement of economic activity using Gross Domestic Product; the Consumer Price Index measure of price level change; government intervention in markets and its implications for efficiency; international trade and its rationale and benefits are some of the topics covered in this course.
Upon successful completion of the course students will be able to:
Credit Hours
Business Administration