Oct 26, 2021  
2021-2022 Academic Catalog 
    
2021-2022 Academic 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. Distinguish the role of supply and demand within the U.S. economy.
  3. Explain the types of market structures and how they impact business activity and profit.
  4. Assess the impact of the global economy and its impact on business activity and profit.
  5. Examine the role and characteristics of financial markets.