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ECON 101 Principles of Economics - Macro

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.

Credits
3
Prerequisites
Placement in or completion of ENGL-121 or ENGL-101
Instructor
Lisa Rosenmerkel
Phone
(443) 621-0666
Email

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.

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Major Course Topics

  • Economic Systems.
  • Supply and Demand.
  • Gross Domestic Product, Productivity, and Economic Growth.
  • Fiscal Policy.
  • Monetary Policy and Inflation.
  • Unemployment.
  • Schools of Thought.
  • Foreign Exchange Rates and the Balance of Payments.
  • Current Economic Issues.

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Course Format

This course:

  • 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. 

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Orientation

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.

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Course Requirements

  • 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.

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Texts and Materials

The only required text for this class is available online, at no cost, at this website: www.inflateyourmind.com

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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

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Exams

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, lrosenmerkel@howardcc.edu

                                                         Last updated on October 18, 2011
                                                      © Howard Community College, 2011


Student Profile - Maribel