Download Course Outline Draft 2

_______ North Seattle Community College _______________________________________
Math, Science, & Social Sciences
Course Establishment Form
Outline
Effective Date: Fall 2000
Division:
Math, Science, & Social
Sciences
Program/Dept:
Economics
Course Number:
ECO 201
Credits: 5
Variable: No
Course Title:
Principles of Macroeconomics
Inst. Intent:
11 Academic Transfer
Fee: Yes
No
45.0601
CIP:
Type:
Degree/Certificate Requirement:
Yes X
No:
Name of Degree/Certificate:
AA & AAS Degree
Distribution Requirement for AA/AS:
Individuals & Society, Global Studies, Q-Course
Transfer Status to 4-year institution:
Yes
No:
If yes, please describe:
Transfers universally as undergraduate course in social sciences to four-year institutions. Meets general
education requirements and meets requirements for economics and business majors.
Course length:
1 quarter
55
Course Contact Hours:
Lecture: 47
Prerequisite:
Class Size:
Lab: 8
Yes: X
Clinical:
System:
Other:
No:
If yes, please describe:
Intermediate algebra
Required Placement Tests:
Yes
No
X
If yes, please describe:
Comments:
Course Description:
Macroeconomics is about the economy as a whole and the relationships between broad economic
indicators. From domestic and global perspectives the course reviews aggregate economic behavior
including measurement of economic activity and business cycles, fiscal and monetary policies, and
international trade and finance.
Course Goals:
Page 2
Macroeconomics is a course concerned with institutions and economic behavior in the domestic and
global economies. Instruction will be apply economic theory to both Western and non-Western societies.
NSCC General Education Learning Outcomes and/or Related Instructional Outcomes (for
technical courses) Met by Course:
Outcome 2. Use quantitative reasoning processes to understand, analyze, interpret, and solve quantitative
problems.
Outcome 4. Access, evaluate, and apply information from a variety of sources and a variety of contexts.
Outcome 11. Understand the nature of the individual and of the relationship between the self and the
community.
Outcome 13. Understand the elements of a global society.
Course Objectives:
Students should be able to:
 Understand criteria to evaluate both Western and non-Western economic systems.
 Apply principles to a variety of phases of economic development and cycles of an economy.
 Research and investigate information that describes macroeconomic activity.
 Evaluate current news and issues related to macroeconomic activity.
 Analyze and predict future events relevant to social policy or business decision-making.
 Improve skills in quantitative reasoning, writing, completing projects as directed, and working
effectively in groups.
 Acquire lifelong learning skills and interests.
Topical Outline and/or Major Divisions:
1. Introduction to Macroeconomics
 Scarcity, Cultural Values, Allocation Mechanisms
2. Economic Development
 Productivity, Technological Diffusion, International Trade
3. Comparative Economic Systems
 Traditional, Market, Command Economies
4. Output and Incomes
 Production, Consumption, Distribution
5. Monetary Systems
 Financial Intermediaries, Monetary Policy, Capital Investment
6. Economic Models
 Aggregate Supply/Demand, Closed/Open System, Cycles
7. International Finance
 Foreign Exchange, Balance of Payments, Debt
8. Political Economy
 Multiplier Effects, Government, Fiscal Policy
Course Requirements (Expectations of Students)
Successful students will read, attend lectures and prepare for class sessions by studying assigned
material. In addition, students should work with peers in group activities, research diligently, and prepare
well-written homework assignments. A final exam will test proficiency in macroeconomics.
Methods of Assessment/Evaluation:
Varies by instructor.
Required Text(s) and/or Materials:
Varies by instructor
Supplemental Text(s) and/or Materials:
Varies by instructor
Outline Developed by:
Thomas Cook
Date:
5/31/00
Outline Revised by:
Thomas Cook
Date:
February, 2003