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): ENG-002 (P2 grade) or ENG 025 and MAT-003 (P2 Grade) or MAT 025
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:

Analyze key macroeconomic indicators of national economic performance, such as real Gross Domestic Product (GDP), unemployment, and inflation.
Categorize the factors affecting the standard of living and long-run economic growth.
Analyze business cycles.
Evaluate the tools, strategies, and effectiveness of fiscal and monetary policy.
Analyze the federal budget and the national debt.
Use quantitative economic data to support economic arguments and conclusions.