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 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.
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.
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.
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).
The University of Phoenix reserves the right to modify courses.
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.
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