Principles Of Macroeconomics – eco372 (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.
- Assess the factors contributing to the establishment of general and specific rates of interest.
- Explain the role of the Federal Reserve System in designing and implementing U.S. monetary policies.
- Analyze how the money multiplier effect facilitates the creation of money.
Fiscal Policy – Politics, Deficits, and Debt
- Analyze the influence of deficit, surplus, and debt on the health of the U.S. macroeconomy.
International Trade and Finance
Analyze the effects of international trade on the U.S. macroeconomy.
- Explain how foreign exchange rates are determined.
- Analyze the impact of trade restrictions, tariffs, and quotas on the U.S. macroeconomy.
Fundamentals of Macroeconomics
- Explain the economic interaction of resources among households, government, and business.
- Describe gross domestic product, inflation rate, unemployment rate, and interest rate.
- Identify sources of historical economic data and economic forecasts.
Aggregate Demand and Supply Models
- Analyze the impact of various factors on aggregate demand and supply.
- Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models.
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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.