Prerequisites: MAT 092 3 cr. hrs. (3 pds: 3 lee.) Programs: All GenEd: AGEC/Soc-Beh, AAS(Humanities) Transfer: CN 21 I (ASU Poly), ECO 285 (NAU), ECON 20IB (UA) Economic theory as applied to the operation of the economy as a whole. Includes economic decision making, economic systems, supply and demand model, goals and problems of the macroeconomy, foundations of the macroeconomy, fiscal policy and budgets, money, the role of financial institutions and the Federal Reserve, money creation, monetary theory and policy, the assessment of goals, tools and policies of macroeconomics, and international trade.

Introduces measurements of national economic performances: GDP, and interest, inflation and unemployment rates. Develops a model to describe the economic situation, and to present the options available to policy makers. Discusses the institutions and constraints that frame policy. International economic issues and the relation of the U.S. economy to the global economy are then examined. (Fall, Spring, Summer) [Graded (Standard Letter)] Registration Restriction(s): None General Education Category: Social and Behavioral Sciences