EC 102 - Macroeconomics

Credit Hours: 3

An analysis of money, credit and of the structure of national income to prepare for studies of the problems of economic growth, unemployment, inflation and balance of payments. The usefulness of modern monetary and fiscal remedies is evaluated.

Fulfills SUNY General Education – Social Sciences.

Course Outcomes
Upon completion of this course students will be able to:

understand and explain the Economic Way of Thinking;
recognize and explain why and how economics is integrated into nearly every aspect of their lives;
recognize and understand the importance of fiscal and monetary policy decisions in individuals and communities;
recognize the significance of interdependency and why events in other countries can have an immediate and sometimes significant impact;
understand and explain the causes and consequences of unemployment and inflation;
recognize the importance of advances in technology, improved productivity, and investment in human capital as significant factors in economic growth and development;
understand the nature of a free enterprise, market-based economy and why it may lead to the most efficient way to allocate scarce resources;
explain the role and importance of government and how and why government at times may need to get involved with the working of the economy; and
understand the role and significance of the Federal Reserve System and explain how difficult some of the monetary objectives are in this highly complex and interdependent global economy.

F/S (C, N, S)