Jun 08, 2023
ECON 1040 - Principles of Macroeconomics
Basic theory of national income analysis. Causes of unemployment and inflation. Monetary and fiscal policies of the federal government.
Requisites: Math placement level 2 or higher or C or better in MATH 1200
Credit Hours: 3
OHIO BRICKS Pillar: Social or Behavioral Sciences
General Education Code (students who entered prior to Fall 2021-22): 2SS
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Course Transferability: OTM course: TMSBS Social & Behavioral Sciences, TAG course: OSS005 Macroeconomics
College Credit Plus: Level 1
- Students will be able to measure the health of the economy (for example, measure gross domestic product, inflation, and unemployment) in order to gain awareness of economic conditions that evolve over time.
- Students will be able to examine economic growth over time and across borders.
- Students will be able to describe domestic and global factors that contribute to economic growth.
- Students will be able to discuss saving and investment choices of households and businesses.
- Students will be able to discuss how the financial system functions in order to channel the supply of funds to entrepreneurial opportunities in the economy.
- Students will be able to discuss the monetary system and acquire tools in relation to how the Central Bank uses monetary policy instruments to affect their choices and aggregate demand in the economy.
- Students will be able to analyze how fiscal policy including government spending decisions and tax policies affect their choices and aggregate demand in the economy.
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