This course studies aggregates of the entire economy. Concentrating on national income analysis, business cycles, the money and banking system, the global economy, and fiscal and monetary policy. Concurrent enrollment in BUA 223 is not recommended.
Prerequisites
Reading proficiency as established by District Policy.
Student Learning Outcomes
- Explain the basic economizing problem of scarce resources and unlimited wants.
- Construct the basic supply and demand curves in a purely competitive market model.
- Explain the interaction of the public and private sectors within a mixed economy.
- Explain the workings of the market system, including the four basic economic sectors: households, business, government, and export-import.
- Calculate the national income accounts.
- Explain the instability within the macro economy.
- Explain the difference between the federal deficit and public debt and the impact of fiscal policy on the macro economy.
- Describe the workings of the United States banking system and monetary policy.
- Explain the position that the United States holds within the global economy.
- Examine how increasing government regulation, business activity, and acts of terrorism have affected the US economy, its citizens, and the global economy.