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ECO 302 Macroeconomics

Instructor
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19 Students enrolled
  • Description
  • Curriculum
macroeconomic-image.jpg

ECO – 302 Macroeconomics is a self-study course whose grade is based solely on the final examination. This course of study that is necessary to be prepared for the final examination consists of fifteen lessons based on the readings from the textbook. Students should read the entire text of all of the reading assignments. There are no formal homework assignments, but students are encouraged to answer ALL of the review questions at the end of each chapter to ensure that they have understood the relevant course material are well prepared for the final exam.

Course Description:
This course provides an overview the principles of macroeconomics. It deals with the economy as a whole, including the meaning and measurement of the gross domestic product. The course covers the effects of government expenditure and taxation, causes of inflation and unemployment, government deficit and debt, and international trade and the balance of trade. The course examines subjects such as the interaction of economic variables, the effects of borrowing by the federal government, changes over time in unemployment rates, and government policies to create and sustain economic growth. The course concludes with an extensive look at macroeconomics from an international perspective including balance of payments and exchange rates.

Learning Outcomes:
Upon successful completion of the course, students will be able to:

  • Explain the link between household, business, and government resources.
  • Describe the fundamental principles of scarcity, market operation, price elasticity, gross domestic product (GDP), and foreign exchange.
  • Analyze the effects of trade on productivity and economic growth.
  • Differentiate between the different types of unemployment and inflation and how they may produce changes in the business cycle.
  • Compare classical and Keynesian economics as they relate to aggregate supply and demand.
  • Deduce macroeconomics from an international perspective of balance of payments and exchange rates.