Dec 05, 2021
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.
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:
- Evaluate the terms, concepts, and points of view used in basic economic inquiry.
- Assess the role of government performance in a mixed economic system.
- Compare basic measurements of economic performance.
- Evaluate the circular flow model and explain its relationship with economic growth, unemployment and inflation.
- Assess the Keynesian and Classical model in terms of the production function and the related effects.
- Describe money and its creation.
- Analyze the tools of the central bank and the monetary policy mechanism.
- Evaluate the changing international role of the United States as a debtor nation.
- Evaluate usage of exchange rates, comparative advantage, and trade policy tools.
PO#5 Analyze the basic features of domestic and international economic systems.
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