ECO/372T - Principles of Macroeconomics
Course Description
This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.
This undergraduate course is 5 weeks.
PLEASE NOTE:
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.
Course Objectives
Output, Income, and Economic Growth
- Describe the measurement and limitations of the gross domestic product.
- Calculate growth rates and the time needed for an economy to double in size.
Business Cycles, Unemployment, and Inflation
- Identify the different phases of the business cycle, types of workers in the labor force, and components of the Consumer Price Index.
- Calculate unemployment and inflation rates.
Public Finance, and Aggregate Supply and Demand
- Examine what money is and how the Federal Reserve controls the quantity of money.
- Analyze the cause and cost of inflation.
Money and the Federal Reserve
- Examine what money is and how the Federal Reserve controls the quantity of money.
- Assess how changes in money supply and demand affect the interest rate.
Fiscal and Monetary Policy
- Evaluate how the government conducts fiscal policy to influence aggregate demand, real GDP, unemployment, and inflation.
- Evaluate how the Federal Reserve conducts monetary policy to influence aggregate demand, real GDP, unemployment, and inflation.
Prerequisites
NoneDisclaimers
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While widely available, not all programs are available in all locations or in both online and on-campus formats. More information about eligibility requirements, policies, and procedures can be found in the catalog.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.