This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.
Examine how fiscal policy affects Gross Domestic Product (GDP).
Assess the interaction of inflation, unemployment, and the business cycle.
Distinguish between the assumptions that underlie the Keynesian and Classical economic theories.
Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models.
Fundamentals of Economics
Differentiate between movement along and shift of the supply and demand curves.
Analyze how the circular flow diagram illustrates the interaction of households, government, and business.
Illustrate market equilibrium using supply and demand curves.
Explain how foreign exchange rates influence international trade.
Explain how domestic, monetary, and fiscal policies affect international trade.
Analyze how international trade and trade restrictions influence global and national economies.
Analyze factors that influence general and specific interest rates.
Delineate the role of the Federal Reserve System in designing and implementing U.S. monetary policies.
Illustrate the creation of money using the money multiplier effect.
Analyze the monetary policy tools the Federal Reserve uses to regulate the money supply.
Politics, Deficits, and Debt
Evaluate the economic effects of deficits and surpluses on the national economy.
Evaluate the historical record for the U.S.deficit, surplus, and debt.
Examine why the national debt needs to be measured relative to national assets
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While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.