Theological Research Institute, Ltd. (TRI) | Evaluated Learning Experience
Macroeconomics (ECO-102)
Self-study, self-paced.
June 2021 - Present.
Upon successful completion of the course, students will be able to: define concepts related to national income; compare calculation methods of national income; relate factors to determine national income such as consumption, saving, and investment; interpret macroeconomic issues such as money, foreign exchange, inflation, unemployment, economic growth, and foreign trade; express the definition of money and the functions and types of money; explain the definition, causes, and effects of inflation; categorize unemployment by types; explain the types of and the process of the exchange rate; express economic growth and development concepts; and explain export, import, and foreign trade deficit concepts.
The course covers the determination of income, employment, the price level, interest rates, and exchange rates in the economy. The economy will be analyzed in the short run (e.g., business cycle and stabilization policy) and in the long run (e.g., economic growth). The insights of Keynesian and classical theories will be integrated into the course. During the course, a variety of simple models will be presented. As macroeconomics is an empirical discipline, the course will cover case studies and statistical data interpretation. Special attention is given to current European developments.
In the lower division baccalaureate/associate degree category, 3 semester hours in Business Administration, Economics, Marketing, Finance, Healthcare Administration, or as a general elective (5/21).
