Economics For Business I –


(3 credits)

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.
This undergraduate-level course is weeks. This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Advisor.

Politics, Deficits, and Debt

  • Examine why the national debt needs to be measured relative to national assets
  • Evaluate the historical record for the U.S.deficit, surplus, and debt.
  • Evaluate the economic effects of deficits and surpluses on the national economy.

Monetary Policy

  • Analyze the monetary policy tools the Federal Reserve uses to regulate the money supply.
  • Illustrate the creation of money using the money multiplier effect.
  • Delineate the role of the Federal Reserve System in designing and implementing U.S. monetary policies.
  • Analyze factors that influence general and specific interest rates.

International Trade

  • Analyze how international trade and trade restrictions influence global and national economies.
  • Explain how domestic, monetary, and fiscal policies affect international trade.
  • Explain how foreign exchange rates influence international trade.

Fundamentals of Economics

  • Illustrate market equilibrium using supply and demand curves.
  • Analyze how the circular flow diagram illustrates the interaction of households, government, and business.
  • Differentiate between movement along and shift of the supply and demand curves.

Fiscal Policy

  • Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models.
  • Distinguish between the assumptions that underlie the Keynesian and Classical economic theories.
  • Assess the interaction of inflation, unemployment, and the business cycle.
  • Examine how fiscal policy affects Gross Domestic Product (GDP).

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