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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):
Jun 2022,  Jul 2022,  Aug 2022,  Sep 2022,  Oct 2022,  Nov 2022,  Dec 2022,  Jan 2023,  Feb 2023,  Mar 2023,  Apr 2023,  May 2023,  Jun 2023
Online Courses (ECO-111-OL):
Jun 2022,  Jul 2022,  Aug 2022,  Sep 2022,  Oct 2022,  Nov 2022,  Dec 2022,  Jan 2023,  Feb 2023,  Mar 2023,  Apr 2023,  May 2023,  Jun 2023

Credits: 3

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(Please visit the University bookstore to view the correct materials for each course by semester as the contents of the actual online syllabus may differ from the preview due to updates or revisions)