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    Grand Rapids Community College
  Jan 16, 2018
2017-2018 Catalog
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EC 251 - Principles of Macroeconomics

Credit Hours: 3
Contact Hours: 3
Prerequisites/Other Requirements: None

English Prerequisites: Accuplacer Writing 5 and Accuplacer Reading of 65 or Higher OR Accuplacer Writing  6 or Higher OR Completion of IRW 098  or Higher (C or Higher) OR ACT English 18 or Higher OR SAT Writing 25 or Higher OR Co-Requisite of IRW 099  and EN 101  

Math Prerequisites: MA 98  or Higher (C or Higher) OR ALEKS Score of 30 or Higher OR Accuplacer Algebra Score of 76 or Higher OR SAT Math Score of 24.5 or Higher OR ACT Math Score of 18 or Higher

Corequisites: None
Description: Macroeconomics is the study of the economy as a whole. The course begins by introducing the assumptions and core principles of economics. Then we will learn how unemployment, inflation, and economic growth are measured and how they relate to our economic goals. We will study how the government can influence the business cycle using fiscal and monetary policy. A model of the macroeconomy will be developed in order to study how these tools can work in different contexts and why there are different views about how the government should be involved. Students will use the skills learned to analyze current social issues from an economic perspective, including trade, the national debt, and income inequality. 

Department Consent: No Consent
General Education Distribution Category Met: Social Sciences

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