ECON 106: Principles of Macroeconomics covers: national income accounts, national income determination model, monetary system, monetary and fiscal policy, problems with the Macro System, inflation, unemployment, etc.; international trade - balance of payments, exchange rates, capital flows.
Prerequisites: ENGL 12 or equivalent with a grade of �C� or better.
Accessibility Services Notice
standard statementCourse Details| Total number of weeks | 15 |
|---|
| Total Credits | |
|---|
| Total Hours | 60 |
|---|
Typical hours per week breakdown| Lecture | 4 |
|---|
Outcomes
Upon successful completion of this course, the learner will be able to:
- gain a critical understanding of macroeconomics;
- explain how the exchange rate is determined; and
- describe what monetary policy is and how it operates.
- explain how scarcity, choice and cost are at the heart of economics;
- demonstrate how markets determine relative prices;
- learn how gross domestic product is measured;
- discuss how economic growth, inflation and unemployment are and how they are measured;
- explain how the level of economic output and the price level are determined;
- describe what money is and its role in the economy;
- demonstrate how the level of interest rates is determined and its impact on the economy;
- calculate the gains and losses from international trade;
Grading Table
Academic and Career
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
standard statement