ECO 111 - Macroeconomics

Institution:

Thomas Edison State University

Subject:

Economics

Description:

Economists divide their discipline into two areas of study: microeconomics and macroeconomics. While both areas are rooted in the actions of households and businesses, the distinction between microeconomics and macroeconomics is that the former focuses on individual households and individual businesses and the latter focuses on aggregates, namely aggregate households and aggregate businesses and how a country's economy works. This course introduces the student to the generally accepted principles of macroeconomics. It acquaints the beginning student with an appreciation of the functions of economic systems, including various approaches to the organization of production and allocation of resources, and of policies to achieve national economic goals. Specific topics include the determination of national income, inflation, recession, output, the business cycle, employment, unemployment, and interest rates. Students will discuss monetary and fiscal policies as well as international economic issues.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.tesu.edu

Phone Number:

(609) 984-1100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.