ECO 2013H - Honors Macroeconomics

College of Social and Behavioral Sciences

Credit(s): 3
Contact Hours: 47
Effective Term Fall 2024 (640)

Requisites

Prerequisite Appropriate score on the college placement test or
Acceptance into the Honors College or
Permission of the Program

Course Description

In this course, students will learn the foundations of macroeconomics as the branch of economics concerned with how decision-making, in an environment of scarcity, maps onto the aggregate economy. Students will examine theories and evidence related to the following core set of topics: national income determination, money, monetary and fiscal policy, macroeconomic conditions, international trade and the balance of payments, and economic growth and development. State Core Course Description (State Rule 6A-14.0303). This course partially satisfies the writing requirements outlined in the General Education Requirements. This course satisfies the Social and Behavioral Sciences General Education Core. (Note: Credit is only given for ECO 2013 or ECO 2013H.) 

Learning Outcomes and Objectives

  1. *Students will recognize that all decisions happen in an environment of scarcity.
  2. *Students will examine theories and evidence regarding how changes in aggregate measurements are related to economic performance.
  3. *Students will recognize the relationships between the components of the national income accounts.
  4. *Students will analyze theory and evidence regarding fiscal and monetary policies and how they affect the economy.
  5. *Students will identify theories of long-term economic growth and examine evidence for those theories.
  6. The student will demonstrate knowledge of personal financial literacy.
  7. The student will apply selected macroeconomic concepts to new situations by:
    1. using concepts to predict outcomes. diagramming new macroeconomic problems. employing the appropriate algebraic formulas for solving specific macroeconomic problems.
*Major Learning Outcome is set by and in compliance with DOE State Rule 6A-14.0303.

Criteria Performance Standard

Upon successful completion of the course the student will, with a minimum of 70% accuracy, demonstrate mastery of each of the above stated objectives through classroom measures developed by individual course instructors.

History of Changes

DBT 12/17/91Effective February 3, 1992 DBT 5/18/93 Effective Session 19931 DBT 1/24/96 Effective Session 19961 C&I 3/17/98; DBT 4/20/98 Effective Session 19981. 3-Year Review 2001 eff 20011 H added to number effective 20022. 3 Year Review 2007.
C&I Approval: , BOT Approval: , Effective Term: Fall 2024 (640)

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