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Social Science
EC 202 - Macroeconomics
- Students will understand the basic social role of the economy.
- Students will be able to use general models and tools of economic analysis to study static and dynamic elements of the American Economy.
- Students will understand how scarcity and opportunity cost constrain our resource, production and consumption choices.
- Students will be able to distinguish between the nominal and real measurements of economic activities.
- Students will know how fiscal, monetary and supply-side policies differ and how each can be used by the national government to promote economic stability and growth.
- Students will exhibit a general knowledge of the process of economic growth and development, including both how the developed nations are able to grow and what barriers are retarding growth in many less developed countries.
- Students will understand how specialization and trade enables nations to increase their standard of living.
- Students will be able to understand basic economic topics as presented in newspapers, magazines and other media.
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