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Economics 102: Macroeconomics
50 hours (15 weeks).
December 2012 - Present.
Upon successful completion of the course, students will be able to: analyze economic scarcity, choice, and calculating opportunity cost; identify market demand schedule, market supply schedule, and interpret market equilibrium; examine unemployment rates, inflation, gross domestic product, and the consumer price index; compare financial asset types and financial market categories; describe the basic functions of money, the fractional reserve system, money demand, and interest rates; demonstrate the time value of money and the money supply; explain foreign currency exchange, how fiscal policies affect the exchange rate, and how currency changes affect imports and exports; and summarize net exports, capital flows, trade balance, markets, and trade restrictions.
Course materials are presented viaaudiovisual materials. Major topics include: scarcity, choice, and the production possibilities curve; comparative advantage, specialization and exchange; demand, supply and market equilibrium; measuring the economy; inflation measurement and adjustment; understanding unemployment; aggregate demand and supply; macroeconomic equilibrium; inflation and unemployment; economic growth and productivity; money, banking and financial markets; central bank and the money supply; fiscal and monetary policies; foreign exchange and the balance of payments; and inflows, outflows, and restrictions.
In the lower division baccalaureate degree category, 3 semester hours in Business Administration, Marketing, Finance, Healthcare Administration, or as a general elective (12/16).