ECO 101 Principle of Economics (Macro)

Course Outline 

Course Number & Name:  ECO 101 Principles of Economics (Macro)

Credit Hours:  3.0             Contact Hours:  3.0          Lecture:  3.0       Lab:  N/A             Other:  N/A

Prerequisites:  Grade of “C” or better in ENG 096

Co-requisites:  None                                                      Concurrent Courses:  None

Course Description: This course provides a comprehensive introduction to the Principles of Macroeconomics that includes (i) Scarcity, Choice and opportunity Cost; (ii) Demand & Supply, Market Systems and Circular Flow Analysis; (iii) GDP, Growth and Instability; (iv) Macroeconomic Model and Fiscal Policy; (v) Money, Banking and Monetary Policy; (vi) International Economics and Current Economic Problem Analysis.

General Education Goals: ECO 101 is affirmed in the following General Education Foundation Category:  Society and Human Behavior.  The corresponding General Education Goal is as follows:  Students will use social science theories and concepts to analyze human behavior and social and political institutions and to act as responsible citizens.

Course Goals: Upon successful completion of this course, students should be able to do the following:

  1. demonstrate knowledge of the fundamental concepts and theories of macroeconomics;
  2. identify the key indicators of economic growth and how to use the indicators for national and international comparisons;
  3. use appropriate technology as a tool to collect and analyze data on basic economic issues; and
  4. identify and explain the key macroeconomic policies.