ECON 103 - Principles of Macroeconomics

(3 units) CO6

Introductory analysis of how markets and governments interact to determine an economy’s output, employment, income, interest rate, wage, price, and trade balance levels over time.

Maximum units a student may earn: 3

Prerequisite(s): ECON 102; Corequisite(s): MATH 124 or MATH 126, MATH 126E, MATH 126EE or higher.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall, Spring, and Summer

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. apply core economic principles to explain how individuals, firms, and nations make decisions.
2. measure GDP, inflation, and unemployment, and evaluate the challenges and limitations involved in their measurement.
3. analyze the determinants of long-run economic growth and productivity.
4. explain the role of money, prices, and inflation in the economy.
5. use macroeconomic models to examine the economy and assess the effects of fiscal and monetary policy.

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