ECON 101, Principles of Macroeconomics, introduces you to economic issues that affect an entire economy. Topics include demand and supply theory; gross domestic product; productivity; economic growth analysis; inflation; unemployment; the economic role of governments; fiscal and monetary policies; foreign exchange rates; and the balance of payments. You will more comfortably read and understand newspapers, magazines, news reports and books with economic issues.
Placement in or completion of ENGL-121 or ENGL-101
Overall Course Objectives | Major Course Topics | Course Format | Orientation | Course Requirements | Texts and Materials |Exams
Overall Course Objectives
Once you have completed this course you will be able to:
- Define economics and describe how you can use economic knowledge in individual decision-making.
- Apply concepts related to economic growth and opportunity costs based on production possibilities curve analysis.
- Determine how changes in supply and demand affect market prices and quantities produced and purchased.
- Evaluate which economic factors lead to maximum gross domestic product and a nation's greatest wealth.
- Identify the main source of long term inflation and evaluate government policies related to inflation.
- Apply demand and supply analysis to unemployment issues and full employment policies.
- Compare the effectiveness of various schools of economic thought: Keynesian, Neo-Keynesian, Classical Economics, Neo-classical economics, Monetarist, Austrian economics, etc.
- Describe the functions of the Federal Reserve System and evaluate the Federal Reserve's monetary policies.
- Determine how foreign exchange rate fluctuations affect international trade and describe the components of the balance of payments.
- Analyze the strengths and weaknesses of a free market system.
- Critically analyze the validity of economic information found in newspapers, journals, magazines, and other media.
Major Course Topics
- Economic Systems.
- Supply and Demand.
- Gross Domestic Product, Productivity, and Economic Growth.
- Fiscal Policy.
- Monetary Policy and Inflation.
- Schools of Thought.
- Foreign Exchange Rates and the Balance of Payments.
- Current Economic Issues.
- Is not self-paced.
- Does not require on-campus meetings, except for two exams taken in a test center in your area. (For more information on taking exams, see the "Exams" section below).
- Does not require real-time chats.
The course content will be available solely through Howard’s Canvas website (howardcc.instructure.com). Please ensure you have access to the website prior to the beginning of the semester.
This course does not have a face-to-face orientation. You will be informed about the course and how to use the course software via email messages.
- Review the “What you should know before you register” section of the Distance Learning Homepage.
- Completion of ten problem sets as well as several worksheets.
- One midterm and one final exam (both to be taken in a local test center), consisting of approximately multiple-choice, short answer, and essay questions.
- Completion of at least two formal papers.
- Participation in a discussions board and threaded discussions.
Texts and Materials
The only required text for this class is available online, at no cost, at this website: www.inflateyourmind.com
Technical Requirements and Plug-Ins:
The following applications are required for this course:
- Acrobat Viewer
- Internet Explorer, Chrome, Firefox or similar web browser.
- PowerPoint Viewer
- Real Player
- Windows Media Player
- Word Viewer
For purposes of verification and assessing learning outcomes, this course has a proctored final exam at the HCC Testing Center for students in the local region or at a regional institution for remote students. The exam will have a flexible window of time during which it needs to be taken rather than a single date and time.
If you have any questions or comments about this course, please send a message to Lisa Rosenmerkel
Last updated on October 18, 2011
© Howard Community College, 2011