ECON 2105 Syllabus

Subject Code

ECON

Course Number

2105

Course Title

Macroeconomics

Prerequisites

Degree program admission

Corequisites

Terms Offered

Offered every semester

Credit Hours

(3-0-3)

Course Description

This course provides a description and analysis of macroeconomic principles and policies. Topics include basic economic principles, macroeconomic concepts, equilibrium in the goods and money markets, macroeconomic equilibrium, and the impact of fiscal and monetary policies.

Course Outcomes

Basic Economic Principles

• Describe the scope and methods of economics.
• Describe the structure of a market economy.
• Model the fundamentals of supply and demand.
• Describe the United States economy in comparison to other economic systems.
• Describe the role of households, firms, and government (both domestic and aboard) in the economy.

Macroeconomic Principles and Structures

• Describe the fundamental concepts and measures of a nation's macro economy.
• Model aggregate expenditures in a macro economy an dhow equilibrium levels of output are achieved.
• Model aggregate supply and demand.
• Describe the role of government in formulating fiscal policy.

Macroeconomic Theory, Policy, and Analysis

• Model aggregate demand/aggregate supply and inflation.
• Discuss macroeconomic issues and policies.
• Discuss long run growth.
• Analyze the role of Federal Reserve and monetary policy.
• Describe and analyze the role of the global economy.