Collegewide Objectives
The student will be able to:
- Explain the problem of scarcity, and the different methods human
societies cope with it in allocating resources and making key economic decisions.
- Comprehend supply and demand concepts as they apply to the national
economy.
- Describe and evaluate the principal dimensions, indicators, and models
of the national economy, utilizing aggregate supply and aggregate demand approaches.
- Identify and evaluate the key macroeconomic problems and challenges,
such asunemployment and inflation and how fiscal and monetary policies are utilized to address these problems.
- Discuss contemporary global economic issues as they impact on the
U.S. economy.
GENERAL TOPIC AREAS
1. The Interplay Between Politics and Economics
2. Economic History
3. Circular Flow: Measuring Output and Income
4. National Income Analysis and Classical Keynesian Fiscal Policy
5. Money and Banking
6. Monetary Policy and Supply Side Economics
7. International Trade: Competing in A Global Economy
OPTIONAL APPLICATION UNITS
8. Measuring Output and Income Revisited: A Consumer Perspective
9. Fiscal Policy Revisited: Contemporary Tax Policies.
10. Money and Banking Revisited: Interest Rates, The Federal Reserve, and
The American Dream of Buying a Home
11. National Policy Decisions and Their Affect on Investments