EC 251 - Principles of Macroeconomics

Credit Hours: 3
Contact Hours: 3

Prerequisites/Other Requirements: None

English Prerequisites:

IRW 98 or above (C or above) OR
SAT Evidence-Based Reading and Writing 400 and above OR
ACT English and Reading combined score 26 and above (valid February 2018 forward) OR
Accuplacer Writing of 4 and NextGen Reading of 249 and above (valid October 2018 forward) OR
Accuplacer Writing of 5 above (valid October 2018 forward)

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