Mar 01, 2024
ECON 100 - Introductory Macroeconomics
Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0
This course introduces students to the factors that shape the overall performance of the U.S. and world economy. The basic concepts of supply and demand, national income and product accounting, unemployment and inflation, the money and banking systems, and government policies to promote economic growth and stable prices are all discussed. The politics and economics of these policies are assessed. Course objectives focus on familiarizing students with the collective impact of individual decisions and the key factors that influence the federal government as it attempts to improve economic performance.
Student Learning Outcomes of the Course:
- Show proficiency in understanding and applying the basic axioms/principles of at least one social science to demonstrate the explanatory power of the respective discipline by demonstrating a critical knowledge of its major concepts, models and issues;(knowledge of major concepts, models and issues in at least one discipline)
- Demonstrate a critical knowledge of two or major theories/models of human behavior in one or more of the social sciences. (critical thinking- analyze and evaluate arguments)
- Display an appreciation of, and basic competence in, the use of mathematical tools and analyses as these apply to the social sciences.
- Exhibit an understanding of the methods used by social scientists, demonstrate an ability to develop a hypothesis related to observable human behavior in at least one discipline, and use data appropriate to the discipline to test a hypothesis. (understanding of data collection, observation, and hypothesis development, interpretive analysis) (critical thinking- develop well-reasoned arguments)