ECO 101 PRINCIPLES OF ECONOMICS (MACRO)
ECO 101 – Principle of Economics (Macro)
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: Grades of “C” or better in ENG 096 and RDG 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:
- demonstrate knowledge of the fundamental concepts and theories of macroeconomics;
- identify the key indicators of economic growth and how to use the indicators for national and international comparisons;
- use appropriate technology as a tool to collect and analyze data on basic economic issues; and
- identify and explain the key macroeconomic policies.