NWCCD 2018-19 Catalog 
    Aug 11, 2022  
NWCCD 2018-19 Catalog [This is an Archived Catalog.]

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ECON 1010 - Macroeconomics

This course is an introductory course covering a variety of macroeconomic concepts. It focuses on national income accounting, aggregate demand and supply, unemployment, inflation, fiscal policy, monetary policy, Keynesian and supply-side views, international trade and economic growth.  Applications are drawn primarily from the United States economy.

Credits: 3

Instructional Method Lecture

General Education Requirement: Social and Behavioral Sciences
Comments: This course also satisfies the Human Culture requirement at UW.

Minimum Student Competencies
Upon completion of ECON 1010 Macroeconomics, the student will:

  1. Evaluate the terms, concepts, and points of view used in basic economic inquiry.
  2. Assess the role of government performance in a mixed economic system.
  3.   Compare basic measurements of economic performance.
  4. Evaluate the circular flow model and explain its relationship with economic growth, unemployment and inflation.
  5.   Assess the Keynesian and Classical model in terms of the production function and the related effects.
  6.   Describe money and its creation.
  7. Analyze the tools of the central bank and the monetary policy mechanism.
  8. Evaluate the changing international role of the United States as a debtor nation.
  9. Evaluate usage of exchange rates, comparative advantage, and trade policy tools.

Program Outcomes
Business AS

PO#5 Analyze the basic features of domestic and international economic systems.

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