Davar Academy, LLC | Evaluated Learning Experience
Macroeconomics (ECO 302)
Varies (self-study, self-paced).
November 2016 - Present.
Upon successful completion of this learning experience, students will be able to: explain the link between household, business, and government resources; describe the fundamental principles of scarcity, market operation, price elasticity, gross domestic product (GDP), and foreign exchange; analyze the effects of trade on productivity and economic growth; differentiate between the different types of unemployment and inflation and how they may produce changes in the business cycle; compare classical and Keynesian economics as they relate to aggregate supply and demand; and deduce macroeconomics from an international perspective of balance of payments and exchange rates.
Instruction provides an overview of the principles of macroeconomics and focuses on the economy as a whole, including the meaning and measurement of the gross domestic product. Major topics include: effects of government expenditure and taxation, causes of inflation and unemployment, government deficit and debt, and international trade and the balance of trade, subjects such as the interaction of economic variables, the effects of borrowing by the federal government, changes over time in unemployment rates, and government policies to create and sustain economic growth, and an extensive look at macroeconomics from an international perspective including balance of payments and exchange rates. The course of study necessary to be prepared for the proctored proficiency examination consists of lessons based on the readings from the textbook. Students are encouraged to answer all the review questions and quizzes for each chapter.
In the upper division baccalaureate degree category, 3 semester hours in Accounting, Business, Economics, Finance, Human Resource Management, Macroeconomics, Management, Marketing or Principles of Macroeconomics (11/16) (3/22 revalidation).