Overview
Description
Introductory analysis of how markets and governments interact to determine an economy’s output, employment, income, interest rate, wage, price, and trade balance levels over time.
Requirements
Prerequisites
ECON 102
Corequisites
- or higher
MATH 124MATH 126MATH 126EMATH 126EE
Original catalog text
Prerequisites
Prerequisite(s): ECON 102
Corequisites
Corequisite(s): MATH 124 or MATH 126, MATH 126E, MATH 126EE or higher.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall, Spring, and Summer
Terms
fall, spring, summer
Core
CO6
Attributes
Standard
Learning Outcomes
- apply core economic principles to explain how individuals, firms, and nations make decisions.
- measure GDP, inflation, and unemployment, and evaluate the challenges and limitations involved in their measurement.
- analyze the determinants of long-run economic growth and productivity.
- explain the role of money, prices, and inflation in the economy.
- use macroeconomic models to examine the economy and assess the effects of fiscal and monetary policy.