ECON 201 - Principles of Economics/Macroeconomics

Institution:

Point Park University

Subject:

ECONOMICS

Description:

This course provides the foundational principles for the understanding of the drivers of an economy as a whole, and covers key aspects of both the national and the world economy, which are highly interconnected due to globalization. Moreover, students will gain a critical knowledge and analytical tools of economics as applied by governments and other political actors through fiscal and monetary policy. Topics to be discussed and analyzed include determinants of total production and employment in the economy, equilibrium in an open economy, government policies to promote economic growth and recovery from recessions, and the main challenges of the world economy. Course Objectives Upon successful completion of the course, students will be able to: (1) Identify and define the terminology associated with economics, from recessions and unemployment to international trade and foreign debt. (2) Distinguish between economic concepts and economic systems, such as social security and universal health care, and communism and socialism. (3) Discuss and apply macroeconomic issues domestically and globally, such as unemployment and foreign debt. (4) Find and critically analyze articles from academic journals, other primary sources of information such as professional publications, and periodicals in economics in order to examine the basic economizing problems, specific economic issues, and policy alternatives, including the financing of the budget deficit with foreign funds and/or more taxes. (5) Analyze supply and demand tools to explain the functioning of an open market economy, including the impact of exports and imports on domestic production and employment.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pointpark.edu

Phone Number:

(412) 391-4100

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.