ECON-2301 Principles of Macroeconomics

Nicholas Jenkins

Credit Spring 2023

Section(s)

ECON-2301-015 (55312)
LEC MW 9:55am - 11:20am BSP BSP 717

ECON-2301-024 (55319)
LEC TuTh 9:35am - 11:07am EVH

ECON-2301-048 (55340)
LEC MW 12:15pm - 1:40pm BSP BSP 717

ECON-2301-052 (55344)
LEC MW 3:00pm - 4:20pm EGN EGN1 1227

Course Subjects

ECON 2301 Principles of Macroeconomics deals with consumers as a whole, producers as a whole, international trade, the effects of government spending and taxation, and the monetary policy of the Federal Reserve. Macroeconomics is concerned with unemployment, inflation, national income, economic growth, and the business cycle.

This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over national economic policy reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economics, government, and social work courses.

Course Requirements

Must meet ACC proficiency requirements in Reading, Writing and Math (see the course catalog or an advisor).

Readings

Parkin, Macroeconomics Plus MyLabEcon (14th ed.)

  1. Access codes for the course materials may be purchased online from Pearson during the sign-up process, through the course schedule link to the Barnes & Noble bookstore, or elsewhere (be careful to get the correct access code).
  2. Sign up for MyLabEcon (which includes the e-textbook) using only the MyLabEcon Tool link in Blackboard only.

Student Learning Outcomes/Learning Objectives

Course Objectives:

  1. Develop a wider understanding of the economic world in which we live, the forces operating on it, how they fit together, and how changes affect the economic environment in which you make decisions.
  2. Develop graphical skills in presenting information graphically and utilizing graphs in analytical thinking.
  3. Develop analytical and reasoning skills, including the ability to make missing connections, and come up with logical conclusions.

Course Outcomes:

  1. Critically evaluate GDP, unemployment, and inflation data.
  2. Explain the business cycle and its phases.
  3. Manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy.
  4. Explain fiscal policy tools and defend and criticize the usage of fiscal policy.
  5. Describe how a fractional reserve banking system works.
  6. Explain monetary policy tools and defend and criticize the usage of monetary policy.

Office Hours

M W 4:20 PM - 4:50 PM Elgin Room 1204

NOTE Also by arrangement and via Blackboard or using other virtual collaboration tool

Office Hours

M W 4:20 PM - 4:50 PM Elgin Room 1204

NOTE Also by arrangement and via Blackboard or using other virtual collaboration tool

Published: 01/14/2023 13:19:08