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Oct 07, 2026
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2026-2027 University Catalog
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ECON 51302 - Fundamentals Of Macroeconomics
Credit Hours: 2.00. This course examines how the US economy functions and develops a theoretical framework permitting an analysis of the forces affecting national income, employment, unemployment, interest rates, and the rate of inflation. Throughout the semester we will discuss both the theory and the empirical evidence on aggregate macroeconomic measures; consumption, savings, and investment; labor supply and demand; employment and unemployment; economic growth; money and banking; and macroeconomic stabilization techniques.
Learning Outcomes
1. Describe the macroeconomy using aggregate measures. 2. Identify and describe the drivers of households’ consumption and savings decisions. 3. Demonstrate an understanding of the factors that affect business investment decisions. 4. Derive the short-run demand for labor. 5. Distinguish the major determinants of labor market participation and hours worked. 6. Recognize the different measures, causes and effects of unemployment. 7. Identify and describe the causes of long-run economic growth. 8. Recognize the causes and effects of inflation. 9. Assess economic information contained in news reports, policymakers’ statements, and specialized publications.
Credit Hours: 2.00
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