ECO-210 Principles of Macroeconomics

This is an introductory course on the principles of macroeconomics, and how they are applied to the domestic and international economy. Students will examine economic data such as GDP, unemployment, inflation, and income distribution. Fiscal and monetary policies will be analyzed for their impact on the U.S. and global economies. This course carries SUNY General Education Social Sciences credit.

Credits

3

Lecture Contact Hours

3

Lab Contact Hours

0

Other Contact Hours

0

Department

• Business

Grading Scheme

• Letter

SUNY Gen Ed Credit

• Yes

Semesters Course Will Be Offered

• Fall
• Spring

Course Learning Outcomes

1. Evaluate how markets' price are determined in an economy and which factors influence and shape markets' economy.
2. Interpret economic data and relationships such as the Gross Domestic Product (GDP), unemployment rate, and the inflation rate.
3. Evaluate the roles of government regarding fiscal policy and monetary policy and the money and banking system.
4. Recognize the role of the US economy within the international economy and US economic system relative to other economic systems.

View Course Outline

ECO 210: Principles of Macroeconomics

Department

Business

Course Description

This is an introductory course on the principles of macroeconomics, and how they are applied to the domestic and international economy. Students will examine economic data such as GDP, unemployment, inflation, and income distribution. Fiscal and monetary policies will be analyzed for their impact on the U.S. and global economies. This course carries SUNY General Education Social Sciences credit.

Credit Hours

3

Contact Hours

Lecture	3
Lab	0
Other	0

Grading Scheme

Letter

Semester(s) Course Will Be Offered

Fall, Spring

SUNY General Education Course

• Social Sciences

Course Learning Outcomes

1. Evaluate how markets' price are determined in an economy and which factors influence and shape markets' economy.
2. Interpret economic data and relationships such as the Gross Domestic Product (GDP), unemployment rate, and the inflation rate.
3. Evaluate the roles of government regarding fiscal policy and monetary policy and the money and banking system.
4. Recognize the role of the US economy within the international economy and US economic system relative to other economic systems.

Topic Outline

1. The Nature and Method of Economics analysis
2. Economic systems such as Market Capitalism, Market Socialism, Centrally-Planned Capitalism and other systems
3. Why and how countries specialize and trade using the production possibility curve and the Law of Comparative Advantage Analysis
4. The Functioning of Markets and how the Prices and sales are determined in the supply and demand framework
5. Role of markets in the economy and the benefits and problems of the market
6. Evaluate the role of government within the market economy
7. Economic Indicators such as the Gross Domestic Product, Unemployment Rate, and inflation Rates are determined and what are some problems with these measures
8. The Business Cycle and how the economic indicators affect each other
9. Evaluate where the economy using the Aggregate Demand and Aggregate Supply Graphs
10. Schools of Thought in Economics such as the Classical, Keynesian, Supply Side and Rational Expectations
11. Fiscal Policy goals, operations, and possible problems
12. The role of Federal Reserve in money and in the banking system
13. Monetary Policy goals, operations, and possible problems
14. The role of U.S. within the International economy and how trade, trade agreements, and the exchange rates play a role in the International trade