ECON 205 - Principles of Macroeconomics

Units: 3 ; Breadth Area: GE-D1-2
Basic macro-economic concepts; introductory analysis of the determination of national income and employment; money and banking; fiscal policy in a global context.

Strongly Recommended Preparation: MATH 115.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Breadth Area(s) Satisfied: GE-D1-2 - Lower Division Social Sciences
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Define key macroeconomic indicators, including GDP, the rate of inflation, the rate of unemployment, the government budget deficit, the trade deficit, and the exchange rate;
Correctly identify real and nominal quantities;
Discuss the historic long-run and short-run behavior of US macroeconomic indicators;
Compare the US to other economies on macroeconomic indicators;
Explain how and why the Fed manages US interest rates;
Contrast classical and Keynesian arguments about the effect of government spending on the economy.

D1-2. Lower-division Social Science Electives Learning Outcomes

specify how social, political, economic, and environmental systems and/or behavior are interwoven;
explain how humans individually and collectively relate to relevant sociocultural, political, economic, and/or environmental systems-how they produce, resist, and transform them;
discuss and debate issues from the course’s disciplinary perspective in a variety of cultural, historical, contemporary, and/or potential future contexts; and
explore principles, methodologies, value systems, and ethics employed in social scientific inquiry.