This course employs economic theory and models to study aggregate measures of the economy such as GDP, National income accounting, the role of consumption, savings, investment and government spending, the open economy (exports and imports), that is, our economy's interactions with the global economy, the functions of money and credits, the banking system and fiscal and monetary policy will be examined from a descriptive and analytical point of view. The economic objectives of growth, price, stability and full employment are reviewed and evaluated in the light of current issues. The influences of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of macroeconomic theories. Discussions, quantitative and written analysis and evidence based research are encouraged. Three lecture hours per week. Required of all Economics majors and Business Administration majors. Elective for all other majors.
Prerequisite: Satisfaction of the Basic Math Competency requirement.
This course fulfills these general education curriculum requirements: Contemporary Society, Quantitative Reasoning