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GENERAL COURSE SYLLABUS
ECON 201 Macroeconomics
COURSE NUMBER:
ECON 201
COURSE TITLE:
Macroeconomics
INSTRUCTOR:
Edwards, Jordan, Marcis, Salvino, Schoenecker and Wachsman.
REQUIRED TEXT(S):
Macroeconomics: A Contemporary Introduction, by William A.
McEachern, Cengage Publishing Company.
PREREQUISITE:
UNIV 110, MATH 130, and completion of 24 semester hours.
CATALOG DESCRIPTION OF COURSE:
Macroeconomic analysis, basic definitions and concepts, mechanics of pricing fundamentals of
American capitalism, national income economics, income and employment theory, and monetary
and fiscal policy. F, S.
COURSE OBJECTIVES:
UPON COMPLETION OF THIS COURSE, WE WANT OUR STUDENTS TO BE ABLE TO:
1. Explain basic economic terminology.
2. Calculate and interpret opportunity cost.
3. Understand and illustrate supply and demand theory.
4. Calculate the various macroeconomic statistics.
5. Identify policy options.
RELATIONSHIP TO OVERALL MISSION:
This is an elective course designed to satisfy a segment of required area of courses. The course is
designed to provide students with skills and knowledge necessary for a successful career.
GENERAL TOPICS COVERED:
Topic
1.
Market Foundations
 Art and science of economic analysis
 Developing the tools of economic analysis
 Economic decision makers
 Demand and supply in output markets
2.
Learning Macroeconomic Data
 Role of data in macroeconomic analysis
 Tracking the U.S. economy
 Defining and calculating Gross Domestic Product (GDP)
 Defining and calculating unemployment
 Defining and calculating inflation
 The role of productivity in economic growth and standards of living
Classroom Hours
8.0
10.0
3.
The Macro Model
 Aggregate Demand (AD)
 Short-run and long-run Aggregate Supply
 Fiscal policy initiatives
 Federal budgets, national debt and public policy
8.0
4.
Role of Money in the Macro-Economy
 Money and the U.S. financial system
 Banking and the money supply
 The role of the Federal Reserve (The FED) in monetary theory and policy
8.0
5.
International Dimensions of the Macro-Economy
 The basis for international trade
 The role of exchange rates and policy
4.0
6.
Quizzes/Examinations
4.0
Total 42.0
TEACHING METHOD:
The class involves a combination of lecture, class discussion, and out-of-class assignments using
technology.