Students learn the basic concepts underlying the performance and management of the economy, focusing on how the economic system works; how it fails, causing inflation and unemployment, and how the government intervenes to stabilize the system. Concepts concerning consumer consumption, investment, aggregate demand and supply, equilibrium, fiscal and monetary policy, and the financial system are covered. International and environmental dimensions of the macro economy are integrated throughout the course.
Triad: Social Science
Prerequisite: ECO 201 Microeconomics