Principles of Macroeconomics
General
Prefix
ECON
Course Number
205
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
Economic decision-making, market processes, measurement and determination of aggregate prices and employment, money and banking process, fiscal policy, and monetary policy. May be taken before or after 206.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
Yes
MN Goal Designation(s)
05
Cultural Diversity
No
Learning Outcomes
Outcome
Explain the nature of economics in dealing with the issue of scarcity, including the concept of opportunity cost, trade, and comparative advantage.
Outcome
Perform supply and demand analysis to analyze the impact of economic events and government policies on market prices and output.
Outcome
Calculate and interpret major macroeconomic variables, and explain their importance in determining the health of the overall economy.
Outcome
Analyze the impacts of fiscal and monetary policy actions on the macroeconomy, evaluating advantages and disadvantages of different policies depending on current economic conditions.
Dependencies
Courses
ECON205
is a
prerequisite
for:
Programs
ECON205
is a
completion requirement
for:
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