ECON 101 Principles of Economics (Macro)

This course introduces students to important economic issues which affect an entire economy. Students will more comfortably read and understand books, newspapers, and magazines with economic content. Topics include demand and supply theory, gross domestic product determination, inflation, unemployment, the role of the government and public choice, fiscal and monetary policy, and foreign exchange rates and trade.

Credits

3

Prerequisite

Eligible to enroll in ENGL 121

Hours Weekly

3 hours weekly

Course Objectives

1. Identify the components of Gross Domestic Product (GDP) and interpret GDP data from government tables.
2. Compare various tax systems and evaluate alternative tax systems in the United States.
3. Analyze and evaluate the two main economic schools of thought: Keynesian and Classical Economics.
4. Apply information and ideas learned in Principles of Macroeconomics to controversial and current economic issues.
5. Effectively communicate one or more economically relevant concepts.
6. Analyze and evaluate the Federal Reserve’s monetary policies.

Course Objectives

1. Identify the components of Gross Domestic Product (GDP) and interpret GDP data from government tables.

   Learning Activity Artifact

   • Other (please fill out box below)
   • Quiz

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT1
2. Compare various tax systems and evaluate alternative tax systems in the United States.

   Learning Activity Artifact

   • Other (please fill out box below)
   • quiz

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT2
3. Analyze and evaluate the two main economic schools of thought: Keynesian and Classical Economics.

   Learning Activity Artifact

   • Other (please fill out box below)
   • quiz

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT3
4. Apply information and ideas learned in Principles of Macroeconomics to controversial and current economic issues.

   Learning Activity Artifact

   • Other (please fill out box below)
   • Formal in-class debate or the debate observation paper

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT4
5. Effectively communicate one or more economically relevant concepts.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • formal in-class debate or the debate observation paper

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Rubric
6. Analyze and evaluate the Federal Reserve’s monetary policies.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • quiz

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Rubric