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MACROECONOMICS (ECON 201, ONLINE) – FALL 2024

DESCRIPTION: ECON 201 introduces the concepts and tools of macroeconomic analysis, especially as they apply to the US economy.  Emphasis is placed on the broad overall performance of our economic system with a concentration in areas such as national income determination, employment, and inflation. ECON 201 develops a logical analysis of short-term-business fluctuations in the economy and the long-term goal of “Full Employment”; it then introduces governmental fiscal and monetary policies as possible solutions.

COURSE OUTLINE (subject to change at Instructor’s discretion)

WEEK                              SUBJECT                        CHAPTER ACTIVITIES

WEEK 1

Oct 14 (Mon)          What Economics Is About                1                     Ch 1 Exam: due Oct 19 (Sat)

Production Possibilities Frontier           2                    Ch 2 Exam: due Oct 20 (Sun)

WEEK 2

Oct 21 (Mon)               Supply and Demand                   3                    Ch 3 Exam: due Oct 26 (Sat)

Prices: Free, Controlled, and Relative        4                    Ch 4 Exam: due Oct 27 (Sun)

WEEK 3

Oct 28 (Mon)    Supply, Demand, & Price: Applications     5                    Ch 5 Exam: due Nov 2 (Sat)

International Trade                  34                   Ch 34 Exam: due Nov 2 (Sat)

Prices and Unemployment               6                    Ch 6 Exam: due Nov 3 (Sun)

WEEK 4

Nov 4 (Mon)                  GDP and Real GDP                    7                    Ch 7 Exam: due Nov 9 (Sat)

Aggregate Demand and Aggregate Supply     8                  Ch 8 Exam: due Nov 10 (Sun)

WEEK 5

Nov 11 (Mon)    Classical Economics and the Self-Regulating Economy     9      Ch 9 Exam: due Nov 16 (Sat)

Keynesian Macroeconomics and Economic Instability     10   Ch 10 Exam: due Nov 17 (Sun)

WEEK 6

Nov 18 (Mon)         Fiscal Policy and the Federal Budget     11                 Ch 11 Exam: due Nov 23 (Sat)

Money, Banking, and the Financial System   12               Ch 12 Exam: due Nov 24 (Sun)

Week 7

Nov 25 (Mon)              The Federal Reserve System            13                Ch 13 Exam: due Dec 1 (Sun)

Thanksgiving Week

Week 8

Dec 2 (Mon)                  Money and the Economy                14                Ch 14 Exam: due Dec 7 (Sat)

Monetary Policy                       15                Ch 15 Exam: due Dec 7 (Sat)

OBJECTIVES: To prepare students for (1) “The Ordinary Business of Life” and (2) for upper division courses in Business and Economics, by applying Economic concepts, analyzing Economic problems, evaluating Economic policies, and suggesting possible solutions.

SLO: Students will analyze and evaluate the problem of scarcity throughout markets by applying and evaluating Classical and Keynesian solutions, in terms of growth, inflation, and unemployment.