Degrees

ECO 105 Macroeconomics Course Objectives:  

1. The student will be expected to demonstrate an understanding of the concept of scarcity and costs, both implicit and explicit.
2. The student will develop and demonstrate an understanding of the law of demand and the determinants of demand.
3. The student will develop and demonstrate an understanding of the law of supply and the determinants of supply.
4. The student will demonstrate his/her understanding of how prices are determined.
5. The role of government in the economy is discussed. Students will be expected to critically evaluate the current role of government.
6. The subjects of unemployment and inflation are presented. The student will be expected to understand the causes and types of both inflation and unemployment.
7. Students will be expected to understand and evaluate classical employment theory, the employment theories of Keynes and current conditions of national/global employment.
8. Students will develop an understanding of fiscal policy and evaluate how government raises and spends funds and the effects those decisions have on the national/global economy.
9. Students are expected to understand:
   • How money is created.
   • The importance of money in our economy
   • The types and definitions of money.
10. The student will be expected to demonstrate his/her understanding of:
    • The Federal Reserve System and the board of governors
    • Monetary policy
    • The impact of the Fed on the national economy.