This course is an introduction to terms, tools, and concepts that are basic to macroeconomic analysis. Specifically, it models the determination of an economy’s aggregate income, output, employment, prices, and interest rates. It further examines how fiscal and monetary policies work and how they may be used to reach socially desirable outcomes. Students who need to take both Principles of Microeconomics and Principles of Macroeconomics may fill the requirement either by taking ECON 200 & ECON 201 - Principles of Microeconomics, or ECON 205 - Principles of Economics. Students may not get credit for both ECON 200 and ECON 205 - Principles of Economics or ECON 201 - Principles of Microeconomics and ECON 205 - Principles of Economics.
Credits: 3 NOTE:
* This course fulfills the Social Scientific Mode of Inquiry of the Liberal Studies Program.
** This course counts toward the 63-credit Liberal Arts and Sciences (LAS) graduation requirement.