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ECO 202 Principles of Macroeconomics (3 credits)

Course Description

An introduction to macroeconomics emphasizing how the U.S. economy works. Topics of study include measuring domestic output, macroeconomic growth, business cycles, modeling, fiscal policy, money and banking, and international economics and trade issues.

Learning Results

By the end of this course, students will be able to:
• Describe the main characteristics of the macroeconomic system.
• Describe how GDP and national income are defined and measured.
• Describe how economic growth is measured and why it is important.
• Define a business cycle and how it relates to full employment and inflation.
• Describe the differences between several macroeconomic models.
• Define macroeconomic fiscal policy and the role of deficits in the economy.
• Describe the makeup of the Federal Reserve, the U.S. banking system, and explain the concept of money creation.
• Describe the role of interest rates and monetary policy in the nation's economy.
• Understand the role of international trade, balance of payments, and trade deficits.
• Describe how and why the government sometimes interferes with free international trade.
• Improve written communication skills.
• Be able to articulate a clear Christian ethic and how it applies to the understanding of contemporary macroeconomic issues.

Textbooks

This course uses an eText (Macroeconomics 1st ed., 2015) as part of Pearson's MyEconLab. Students will purchase access to both MyEconLab and the eText once they've been enrolled. Details are posted in Blackboard.

Learning Documentation

This class consists of 7 modules of MyEconLab assignments and quizzes, in addition to a poverty project and a current events short paper.

Learning Evaluation

MyEconLab assignments and quizzes are worth 660 points, the poverty project is worth 200 points, and the current events short paper is worth 140 points, for a total of 1,000 points in the course.

Order Textbooks

Textbooks are not included in the cost of tuition. Click to find a complete list of textbooks. For your convenience, each book is linked to where it's sold on Amazon, though you are welcome to purchase books from the vendor of your choosing.