ECO 252 Principles of Macroeconomics

Lecture: 3 Lab: 0 Clinic: 0 Credits: 3

This course introduces economic analysis of aggregate employment, income, and prices. Topics include major schools of economic thought; aggregate supply and demand; economic measures, fluctuations, and growth; money and banking; stabilization techniques; and international trade. Upon completion, students should be able to evaluate national economic components, conditions, and alternatives for achieving socioeconomic goals. Sections of this course may also be offered at the honors level for students who are members of the GTCC Honors Program.

This course has been approved for transfer under the CAA as a general education course in Social/Behavioral Sciences. This is a Universal General Education Transfer Component (UGETC) course.

Pre-requisite(s): DRE 098 or ENG 002 (P2 grade) and MAT 003 (P2 grade)
Course is typically offered in Fall, Spring, and Summer.
Student Learning Outcomes (SLOs)
At the completion of the course, the students should be able to do the following:

Appraise Gross Domestic Product as a measure of production and well-being.
Evaluate the factors affecting long run economic growth.
Analyze the changes in and connections between macroeconomic variables during a business cycle.
Model business cycle dynamics using the AD&AS framework.
Summarize how monetary and fiscal policymakers will respond to the various phases of the business cycle.
Evaluate the domestic and international implications of government budget deficits.