Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Edmund Phelps wikipedia , lookup
Production for use wikipedia , lookup
Ragnar Nurkse's balanced growth theory wikipedia , lookup
Early 1980s recession wikipedia , lookup
Monetary policy wikipedia , lookup
Business cycle wikipedia , lookup
Fiscal multiplier wikipedia , lookup
Course Content Form PIMA COMMUNITY COLLEGE Effective Term: Fall 2016 ECN 202HC Macroeconomic Principles: Honors Credit Hours: 3.00 Lecture Periods: 3.00 Lab Periods: 0.00 Description: The study of the economy as a whole. Includes the production possibilities curve, market analysis; definitions of gross domestic product, inflation, and unemployment; fiscal policy, monetary policy; and contemporary macroeconomic issues. Also includes additional Honors content. Recommendation: MAT 092. If any recommended course is taken, see a financial aid or Veteran's Affairs advisor to determine funding eligibility as appropriate. Information: Must quality for Honors program. Instructor or advisor/counselor approval may be required before registering for this course. Honors Content may include: Intensive research using highest standards and best practices for the discipline, and a significant number/variety of readings of both primary and secondary sources. Also may include a high-quality, peer reviewed paper or project in a format appropriate for the discipline with research presented in class or to a wider audience. Course Learning Outcomes: Upon successful completion of this course, the student will be able to: 1. Match descriptive changes to graphical changes on a production possibilities curve. 2. Explain market changes, specifically change in equilibrium price and quantity brought about by shifts in market demand and market supply. 3. Use definitions of gross domestic product, inflation, and unemployment as a foundation for the investigation of current economic realities. 4. Contrast Classical vs. Keynesian ideas about the effects on the economy in regards to fiscal policy (government spending and taxes). 5. Formulate alternative understandings of the effects on the economy in regards to monetary policy, including the role of the Federal Reserve. 6. Evaluate free market solutions to contemporary macroeconomic issues including deficits and debt, international trade, retirement security, etc. Outline: I. II. III. IV. V. The Production Possibilities Curve A. Definition and characteristics B. Points on, inside, outside C. Inward and outward shifts Market Analysis A. Equilibrium, shortage, surplus B. Shifts in supply C. Shifts in demand Definitions A. Gross domestic product B. Unemployment C. Inflation Fiscal Policy A. Effects on the economy B. Government spending C. Taxes Monetary Policy A. Effects of the economy B. Money supply C. The Federal Reserve VI. Contemporary Macroeconomic Issues A. Deficits and debt B. International trade C. Retirement security D. Analysis of other macroeconomic issues