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

Goals and Diversity

MN Goal Course

Yes

MN Goal Designation(s)

05

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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