Summer 2018 Course Syllabi

Dakota College at Bottineau Course Syllabus Course Prefix/Number/Title: ECO 202 Principles of Macroeconomics Number of credits: 3 Course Description: Study of the underlying causes of short- and long-term economic growth; analysis of aggregate levels of output, income and employment; inflation, interest rates and exchange rates; macroeconomic policy; understanding of the United States economy as part of a world economic system. Pre-requisite: ECON 201 – Principles of Microeconomics. Pre-/Co-requisites: N/a Course Objectives: By the end of the course, students will: 1 As a United States citizen, to provide an understanding of economics which is essential to comprehend and have a view on today’s political problems, and to be able to make our individual buying, employment, and financial decisions. 2 To develop a lasting interest in our economic system. 3 To provide a base for those who are enrolled in an economic degree. 4 Define economics and explain the differences in scope and methods of microeconomics and macroeconomics 5 Explain the key ideas that define the economic way of thinking (what, how much, how and for whom to produce as guided by the price and market system) 6 Define the production possibilities frontier and calculate opportunity cost 7 Explain how demand and supply determine prices and quantities bought and sold 8 Use graphic and mathematical methods to explain factors affecting demand and supply 9 Define, calculate, and explain the factors that influence the price elasticity of demand 10 Explain what is Classical and Keynesian economic theory 11 Explain what fiscal policy is 12 Explain what monetary policy is 13 Explain the role of the FED 14 Use the concepts of efficiency and equity in evaluation of government economic policies Instructor: Nick Bergan Office : Online Office Hours: MWF: 9-11am, TR: 8-10pm Phone : 561.623.0698 Email: berganfsu@aol.com