ECON 205 - Principles of Macroeconomics

Units: 3 ; Breadth Area: GE-4
Basic macro-economic concepts; introductory analysis of the determination of national income and employment; money and banking; fiscal policy in a global context.

Breadth Area(s) Satisfied: GE-4 - Lower Division Social and Behavioral Sciences
Strongly Recommended Preparation: MATH 115E.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
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.

GE-4. Lower-division Social and Behavioral Sciences Electives Learning Outcomes

Explain how social, political, and economic institutions and/or principles intersect with each other.
Describe how people produce, resist, and/or transform social, political, and economic institutions/principles.
Investigate contemporary and/or historical events/issues from a social science perspective.