COPE TTS | Evaluated Learning Experience
ECO 102 Macroeconomics
Varies (self-study; self-paced).
October 2022 - Present.
Upon successful completion of the course, students will be able to: define economics and related terms; explain and give examples of changes to supply / demand; describe and give examples of some alternatives to the ‘market’ economy; give examples of, and state opinion on efficacy of, market controls and intervention; identify and research five common economic indicators and list their current readings; explain relationships between unemployment, interest rates and inflation; describe the importance of money; identify several features of banking system; explain the role of The Federal Reserve and give recent examples of Federal Reserve policies/actions; compare and contrast pros and cons of an isolationist approach towards global trade; and describe efficient market theory.
This course introduces fiscal and monetary theories and policies and how they affect national output, employment, interest rates, and inflation. The course explores the role of the stock and bond markets and how they are influenced by the Federal Reserve System and its policies. Also presented is the federal budget and the national debt. The course also discusses how to analyze the behavior of buyers and sellers; how a capitalist economy determines the allocation of scarce resources to the production and distribution of various goods and services. Supply and demand models are used to explain the determination of product pricing, consequences of government controls, the effect of different types of market structures on price, wages and economic efficiency.
In the lower division baccalaureate/associate degree category, 3 semester hours in Macroeconomics, Business, or as a general education elective in various disciplines (3/23).