COURSE OUTLINE
BUS 250 – MACROECONOMICS
(February 1, 2007)
Department: Business
Credit Hours: 3
Prerequisites: None.
General Education: N/A
College Learning Outcomes: 1a, 1c – Communication Competence; 2b – Critical Thinking
Ability; 7c – Scientific Literacy.
Course Description: Examines national income concepts including determination of the levels
of output and employment in a market economy. Emphasizes contemporary problems such as
inflation, unemployment, economic growth, and international trade. Focuses on contemporary
social and educational issues. (For non-business majors only.)
Purpose of the Course: To provide students with a better understanding and awareness of the
macroeconomic economic factors that impact and influence them.
College Learning Outcomes and Objectives:
(1a) Students can write personal response/reflection papers, analytical essays, and persuasive
essays.
(1c) Students can speak effectively in front of a group or as part of a group.
(2b) Students can demonstrate the ability to reflect on issues and/or theories systematically.
(7a) Students can use theories to explain past observations and to predict answers to new
questions.
Program Learning Outcomes: N/A
Course Objectives: Upon completion of this course, students should be able to:
1. Understand the basic economic theories, economic propositions, and assumptions that
provide the foundation for general economic knowledge. (CLO 1a, 1c; 2b; 7a)
2. Discuss current macroeconomic problems in our market economy today dealing with
government expenditures, unemployment, inflation, fiscal policy, monetary policy,
economic growth, and international trade. (CLO 1a, 1c; 2b; 7a)
3. Differentiate between macroeconomics and microeconomics. (CLO 1a, 1c; 2b; 7a)
4. Distinguish between positive economics, which describe facts and behavior in the
economy and normative economics, which involves ethics and value judgments. (CLO
1a, 1c; 2b; 7a)
