EC 251 - Principles of Macroeconomics

Credits: 3
Contact Hours: 3

Prerequisites: None

Corequisites: None

College Level Prerequisites: “GRCC College Level Math (Math ACT 18 or higher OR successful completion of MA098 or higher OR Algebra Accuplacer 76 or higher)”, “GRCC College Level Writing (English ACT 18 or higher OR successful completion of EN 097 or higher OR English (Write Placer Plus) 5 or higher)”

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