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This course introduces students to the study of Macroeconomics by focusing on how we make choices in a world of scarce resources. We start by learning about the first analytical model in economics: supply, demand, and equilibrium. Next, we move on to discuss elasticity and price, two key concepts in economics. The Macroeconomic perspective is then applied to economic growth, unemployment and inflation, and international trade and capital flows. The discussion then shifts to the principal Macroeconomic model, Aggregate Demand/Aggregate Supply, and how it is applied to the Keynesian and Neoclassical perspectives. We conclude by learning about monetary policy, fiscal policy, the role of government, and international economics.
After completing this course, you should be able to:
- Identify how supply, demand, and equilibrium models help us better understand both labor and finance markets.
- Differentiate between elasticity, price, Macroeconomic perspectives, and Macroeconomic goals.
- Recognize the Aggregate Demand-Aggregate Supply analytic model and how it is applied to differing economic perspectives.
- Recall how monetary and fiscal policy are used to explain money, the banking system, financial regulations, and government spending.
- Define international economics, trade, trade barriers, and protectionism.
|Course Length||135 hours/4 Months (120 Days)|
|Course Code||ECO 201|
|Number of Credits||3|
There is no extra cost for textbooks or materials. All materials are included with this course.
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