Instructed by Thomas Cook, 5 credits
Course Description
Macroeconomics is concerned with aggregate economies and
understanding their broad economic indicators. We will study national and global
economies: GDP, inflation, business cycles, unemployment, fiscal and monetary policies,
federal deficits, and international trade, finance, exchange and comparative economic
systems. This course is may be used for various degrees,
and it is commonly required for transferring in economics and
business.
Our primary objective is to understand that economic theory is useful. Practical economic reasoning is derived from theory. Therefore, it is important to learn economic models that represent the major ideas. With this knowledge, each of us should be able to recognize and analyze situations pertaining to social and business issues. Simply stated, we will learn the economic way of thinking.
Specific learning goals include: 1) Developing a rationale and criteria to evaluate the economic systems in America or in any country. 2) Becoming current about news and issues related to national and global events. 3) Understanding theories that attempt to explain the health of an economy. 4) Investigating government's role in an economy. 5) Gaining an ability to analyze and predict future economic activity relevant to social policy or business decision-making. 6) Becoming familiar with various terminology, concepts and principles. 7) Enhancing skills in quantitative reasoning, completing projects as directed and meeting schedules, and group interaction.