Courses


Course Descriptions

ECON 2105 - Principles of Macroeconomics

Description

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:

  1. Understand the underpinnings of a free market economy;
  2. Calculate GDP, CPI, the unemployment rate, and the benefits from trade among other measures;
  3. Understand the social welfare implications of government intervention in markets;
  4. Understand the laws of supply and demand and how they determine efficient markets;
  5. Recognize the power of the Federal Reserve System in influencing economic activity;
  6. Understand the benefits of free trade between nations;
  7. Begin to think in an economic way.
3

Credit Hours

Business Administration


Prerequisites

  • None