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Course Outline - Principles of Macroeconomics | ECON 101, Study notes of Introduction to Macroeconomics

State University of New York at Canton (SUNY)Introduction to Macroeconomics

Material Type: Notes; Class: MACROECONOMICS; Subject: Economics; University: SUNY College of Technology at Canton; Term: Unknown 1989;

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STATE UNIVERSITY OF NEW YORK
COLLEGE OF TECHNOLOGY
CANTON, NEW YORK
COURSE OUTLINE
ECON 101 - PRINCIPLES OF MACROECONOMICS
Prepared by: Karen Spellacy and Edouard Mafoua
SCHOOL OF BUSINESS AND LIBERAL ARTS
BUSINESS DEPARTMENT
FALL 2006
ECON 101 - PRINCIPLES OF MACROECONOMICS
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STATE UNIVERSITY OF NEW YORK

COLLEGE OF TECHNOLOGY

CANTON, NEW YORK

COURSE OUTLINE

ECON 101 - PRINCIPLES OF MACROECONOMICS

Prepared by: Karen Spellacy and Edouard Mafoua SCHOOL OF BUSINESS AND LIBERAL ARTS BUSINESS DEPARTMENT FALL 2006 ECON 101 - PRINCIPLES OF MACROECONOMICS

I. Nature of the Course: A. TITLE: Principles of Macroeconomics B. COURSE NUMBER: ECON 101 SHORT TITLE: Macroeconomics C. CREDIT HOURS: 3 D. WRITING INTENSIVE COURSE: No; may be made writing intensive at the discretion of the instructor. E. COURSE LENGTH: 15 weeks F. SEMESTER(S) OFFERED: Fall, Spring, and Summer as needed G. HOURS OF LECTURE, LABORATORY, RECITATION, TUTORIAL, ACTIVITY: 45 scheduled hours per semester H. CATALOGUE DESCRIPTION: A study of the market economy, the role of government, income determination, the business cycle, inflation, unemployment, the banking system, monetary and fiscal policy, population, economic growth, and international trade. I. PRE-REQUISITES/CO-COURSES: None J. STUDENT LEARNING OUTCOMES: Students will be able to:

  1. Define basic economic terms
  2. Identify the components of the scientific process
  3. Explain and illustrate the use of supply and demand curves
  4. Explain the relevance of a production-possibilities frontier
  5. Explain various economic tools used for measuring the state of the economy
  6. Interpret economic data to determine the state of the economy
  7. Evaluate the appropriateness of various types of fiscal and monetary policy
  8. Identify various tools of, and their use by, the Federal Reserve System
  9. Identify basis for and why nations trade K. TEXTS: as determined by instructor L. REFERENCES: Publications, Periodicals, etc.: As determined by the instructor M. EQUIPMENT: Videotapes, films, computer resources and transparencies are utilized by individual instructors as appropriate on the basis of availability. N. GRADING METHOD: A - F O. MEASUREMENT CRITERIA: As determined by the instructor R. DETAILED TOPICAL OUTLINE: See attached

b. Functions, Properties and Importance of Money c. Liquidity/Near Monies d. M1, M2, and M e. Creation of Money f. Types of Inflation g. Types of Bank Reserves h. Multiple Expansion of Bank Deposits VIII. Federal Reserve System a. History of Central Banking b. Federal Reserve Structure c. Federal Reserve Functions d. Control of the Money Supply e. Monetary Policy IX. Population, Economic Growth and Development a. World Demographics b. Comparative and Absolute Advantage c. Terms of Trade d. Barriers to Trade e. Appreciation and Depreciation of Currencies