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ECO 201-300: Principles of Macroeconomics Online
ACCESS PROCEDURE AND OTHER INFORMATION
Before registering for the course, please review the course requirements page below, keeping in mind that, as with any distance learning venture, this course will require of you to be self-motivated, to work independently, to read & follow directions carefully, and to manage your time wisely. After the registration, you will be provided with a user name and a password to access the full on-line course content.
HARDWARE AND SOFTWARE (MINIMUM REQUIREMENTS):
-Internet Connection (Broadband recommended)
-Browser
REQUIRED TEXTBOOK:
McConnell, C. R., and Brue, S. L., “Economics: Principles, Problems, and Policies,” 17th edition, Irwin/McGraw-Hill, 2008, packaged with DiscoverEcon and Paul Solman DVD.
Recommended Other Sources of Information:
1. Study Guide for Economics by McConnell & Brue, 17th edition, Irwin/McGraw-Hill, 2008.
2. The textbook’s companion website: http://highered.mcgraw-hill.com/sites/0073126632/student_view0/index.html
3. Dr. Anyanwu’s website: http://lanyanwu.pageout.net
4. Free Tutoring in Economics (provided by the UCC Academic Learning Center).
COURSE ACTIVITIES:
1. Online Exercises, Tutorials, Applications, Self-testing Quizzes.
2. Course Participation by e-mail and online discussion.
3. Best Three of Four Online Exams
If you have any further questions, please feel free to contact me directly at: anyanwu@ucc.edu
or Visit the UCC Online Student Orientation at:
http://www.ucc.edu/DistanceEducation/StudentOrientation/default.htm
Good Luck!
Len Anyanwu, Ph.D.
Senior Full Professor of Economics
Department of Economics, UCC
Course Description
This course is intended to provide students with a background in macroeconomic theory and analysis. First, students will gain an understanding of introductory economics and economic reasoning in the context of the contemporary global economy. Then, they will gain an understanding of the determination and measurement of National Income; the Price Level; Macroeconomic Problems of Unemployment, Inflation, and Business Cycles; Macroeconomic Models of the Aggregate Economy; the Financial System (Money, Banking, & Monetary Policy); Fiscal Policy; Budget Deficit & Government Debt. In the process, students will also discover how Productivity, Technological Change, & Global Competitiveness are related to each other and to business & the national economy. Overall, the course will provide students with a framework for decision-making in business, economic, and political arenas.
Student Learning Outcomes
After completing this course, the student will be able to:
• Understand economic reasoning and how it applies to decision-making.
• Understand the scientific method and how it is used in formulating economic principles.
• Explain the concepts of scarcity, opportunity cost, production possibilities, and the modeling of economic behavior (conceptually, quantitatively, and graphically).
• Understand the U.S. economy in the context of a global economy and the basic principles underlying world trade and finance.
• Evaluate and measure aggregate economic activity with a focus on Gross Domestic Product (GDP), inflation, unemployment, and the business cycle.
• Understand aggregate demand and aggregate supply analysis as a foundation for modern macroeconomic theory and the implications for fiscal policy.
• Understand money, the monetary system, fractional reserve banking, and the Federal Reserve System.
• Evaluate monetary policy and its impact on money markets and the macroeconomy.
• Gain the theoretical and practical understanding of macroeconomic principles necessary for further study in economics, management, finance, and related areas.
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