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Nov 21, 2024
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2021-2022 Undergraduate Catalog [ARCHIVED CATALOG]
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EC 210 Principles of Macroeconomics
This course surveys the concepts of supply and demand, national income accounting, fiscal and monetary policy, theory of income determination, and the problems of inflation, unemployment and economic development. Topics covered include the meaning and measurement of gross domestic product, the causes of business cycles, the role of government expenditures and taxation in maintaining economic stability, the role of money in domestic and international economies, international trade, the determination of exchange rates and the balance of payments. The course concludes by evaluating the performance of governments in financing their public debt and the resultant effect on financial markets and the trade deficit.
Prerequisite: Facility in working with quantitative material is required for this course. Such facility may be demonstrated by appropriate mathematics courses that were completed recently, by a sufficiently high recent SAT or ACT score, or by a placement examination through the University or an outside testing association. Students who need review in mathematics will need to take MA 100 prior to EC 210.
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