Description
An overview of the American economic system, beginning with the theories of the classical economists, progressing to the Laws of Supply and Demand, use of economic indicators to predict future performance indicators, theories of the business cycle, the Federal Reserve System and monetary policy, government spending and taxation. Students will analyze information including that which is presented graphically.
Course Learning Outcomes
- Demonstrate and understanding of macroeconomic fiscal and monetary policy through evaluation of evidence, and employment of mathematical and interpretive analysis
- Assess factors affecting the aggregate supply and/or demand for goods, services, and labor, and the subsequent affect on price & quantity
- Understand how Gross National Product is calculated, and how growth is measured using mathematical multipliers
- Demonstrate how social movements and context influences the evolution of economic thinking and institutions, past and present
Semester
Fall/Spring