Dec 08, 2021  
2020-2021 Academic Catalog 
    
2020-2021 Academic Catalog [ARCHIVED CATALOG]

ECON 201 - Principles of Economics-MACRO

3 CR
A study of the American economic system including the basic tenets of the private enterprise system; national income accounting, economic instability, unemployment inflation; modern theory of income employment, employment and prices; fiscal and monetary policy; banking system (including the Federal Reserve); and related contemporary macroeconomic issues. Lab Fee

Requisites: Next Gen ACCUPLACER® reading score of 244, or at least a grade of C in TSRE 55 .
General Education Requirement: Critical Thinking - General Education Core
Michigan Transfer Agreement Requirement: Social Sciences
Course Learning Outcomes:
  1. Explain basic economic theories and understand their application to economic policy issues.
  2. Identify and explain basic economic terms and methods used to measure economic activity.
  3. Explain the role of supply and demand within the U.S. economy.
  4. Identify factors that affect the demand for goods and services.
  5. Explain the costs of production and their impact on employment and capital decisions.
  6. Investigate the types of market structures and how they impact business activity and profit.
  7. Determine the role of labor, its impact and costs related to business and production decisions.
  8. Explore the policy options related to taxation and transfer payments.
  9. Examine the role and characteristics of financial markets.
  10. Assess the impact of the global economy and its impact on domestic economic policy.