ECO2013 — Principles of Economics (Macro)

3 credits · 3 hours

In this course, students will learn the foundations of macroeconomics as the branch of economics concerned with how decision-making, in an environment of scarcity, maps onto the aggregate economy. Students will examine theories and evidence related the following core set of topics: national income determination, money, monetary and fiscal policy, macroeconomic conditions, international trade and the balance of payments, and economic growth and development. Student learning outcomes: students will recognize that all decisions happen in an environment of scarcity; students will examine theories and evidence regarding how changes in aggregate measurements are related to economic performance; students will recognize the relationships between the components of the national income accounts; students will analyze theory and evidence regarding fiscal and monetary policies and how they affect the economy; and students will identify theories of long-term economic growth and examine evidence for those theories. Writing Intensive Course.

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