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Nov 25, 2024
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2023-2024 College Catalog [ARCHIVED CATALOG]
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EC 201 PRINCIPLES OF MACROECONOMICS
This course begins with a brief overview of how markets work (supply and demand). The course examines how an economy’s health is analyzed by examining GDP, unemployment, and inflation. Finally, this course addresses two major questions: (1) what are the causes of recessions, unemployment and inflation; and (2) what can governments do to combat business cycles and reduce unemployment? Topics covered include fiscal policy, federal debt, monetary policy, and the Federal Reserve System, minimum wage, economic growth, and economic development. The course is US-centric but discusses other countries for comparative purposes. This course is appropriate for students interested in business, economics, engineering, history, political science, international relations, and international economics. Lecture: 3 hours per week. 3 Credits
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