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ECO-111 Macroeconomics

Economists divide their discipline into two areas of study: microeconomics and macroeconomics. While both areas are rooted in the actions of households and businesses, the distinction between microeconomics and macroeconomics is that the former focuses on individual households and individual businesses and the latter focuses on aggregates, namely aggregate households and aggregate businesses and how a country's economy works. This course introduces the student to the generally accepted principles of macroeconomics. It acquaints the beginning student with an appreciation of the functions of economic systems, including various approaches to the organization of production and allocation of resources, and of policies to achieve national economic goals. Specific topics include the determination of national income, inflation, recession, output, the business cycle, employment, unemployment, and interest rates. Students will discuss monetary and fiscal policies as well as international economic issues.

Advisory: It is advisable that students have 3 credits of college-level mathematics.

Study Methods:

Guided Study (ECO-111-GS):
Jul 2020,  Aug 2020,  Sep 2020,  Oct 2020,  Nov 2020,  Dec 2020,  Jan 2021,  Feb 2021,  Mar 2021,  Apr 2021,  May 2021,  Jun 2021
Online Courses (ECO-111-OL):
Jul 2020,  Aug 2020,  Sep 2020,  Oct 2020,  Nov 2020,  Dec 2020,  Jan 2021,  Feb 2021,  Mar 2021,  Apr 2021,  May 2021,  Jun 2021

Credits: 3

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