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The purpose of this course is not to teach you what to think, but how to think. This course will teach you how to think like an economist - to view and evaluate your life experiences, world events, and public policy from an economic standpoint. This course is about more than accumulating college credit or building job-related skills - it is about acquiring skills that you can use for the rest of your life to help you become a more informed and involved thinker. I welcome you to Economics 2301: Principles of Macroeconomics and look forward to a rewarding semester together.
Student Learning Outcomes
Students who complete this course will be able to understand:
-how to manipulate the basic Supply/Demand model of micro markets;
-the meaning of unemployment and inflation data and how that data is computed;
-the meaning and components of the National Income Accounts, especially GDP;
-investment and saving decisions and the role they play in the macroeconomy;
-how to manipulate the Aggregate Supply/Demand model of the macroeconomy;
-the meaning of the business cycle and its phases;
-the Classical view of macroeconomic stability, and the limitations of this view;
-how fiscal policy operates, its tools, and its advantages and drawbacks;
-how monetary policy operates, its tools, and its advantages and drawbacks;
-the theories concerning sources of economic growth;
-recent macroeconomic trends, concerns, and policies...
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