ECON2300 Principles of Macroeconomics

This course focuses on the theories that explain the overall performance of the economy and the government policies that stabilize the economy and promote economic growth. Students will learn the principles of markets, the price system and supply and demand. The course will also cover national income, unemployment, inflation, the role money, the banking system, and the foundations of international trade and finance.

Credits

3

Prerequisite

Qualifying score on reading assessment test OR ENGL0921

Course Requirements and Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Learning Outcomes

The following outcomes will be addressed in the course:
Explain the implications of scarcity for society and decision-making
Determine the opportunity cost of a particular choice
Apply the concepts of marginal analysis to optimize behavior
Apply the model of supply and demand to analyze market behavior
Interpret macroeconomic indicators
Analyze the causes and consequences of unemployment, inflation, and economic growth
Analyze the economic health relationships in a highly interdependent world economy
Evaluate the effectiveness of using monetary and fiscal policy to achieve macroeconomic goals

Text and References

A list of textbooks required for this course is available at the bookstore.

Course Scheduling

The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.

Accommodations Statement

Disability Services assists students with disabilities who need accommodations to access programs, services and college activities.  If this applies to you, please contact the DS Office on your campus to initiate the accommodations process. 
Brooklyn Park Campus - 763-488-2477
Eden Prairie Campus – 952-995-1544

Campus

Brooklyn Park Campus Eden Prairie Campus 952-995-1300

Credit Details

lecture:

3

MnTC Goal Areas:

5 & 8