Welcome to Principles of Macroeconomics
ECN-1030
FALL 2014 INSTRUCTOR: Simon Francis, Adjunct Professor Business Studies Department
OFFICE: M-2081
PHONE NUMBER: 301-322-0415
EMAIL ADDRESS: francisx@pgcc.edu
All credit students (with the exception of Howard Community College students enrolled at Laurel College Center) are required to use Owl Mail for all college communication.
OFFICE HOURS: T, Th. 9:00am-9:30am, 2:00-2:30pm and by appointment only COURSE DESCRIPTION: First semester of university-parallel sequence. Introduction to economic Macro-analysis, emphasizing gross national product, national income, consumption, investment, taxation, government and international trade.
COURSE LEARNING OUTCOMES:
At the end of this course, students will be able to:
1
Explain the relationship between scarcity and choice, and how basic economic choices are made in different economic systems.
1, 4
2.4, 5.1
Analytical Essay, Written exam
2
Analyze the mechanics of supply, demand and the price mechanism.
3
2.2
Analytical Essay, Written exam
3
Interpret National Income Accounts (e.g., Gross Domestic Product, National Income, etc.)
1
2.2, 4.1, 4.2
Analytical Essay, Written exam
4
Describe the importance and problems of achieving full employment, stable prices, and economic growth.
6
5.1, 6.1, 6.2
Analytical Essay, Written exam and Oral Presentation
5
Analyze the impact of fiscal policy and the role of the federal government in influencing the level of economic activity.
6
3.1
Written exam
6
Explain the role of money, monetary policy and the Federal Reserve in influencing the level of economic activity.
6
2.2, 6.1, 6.2
Analytical Essay, Written exam and Oral Presentation
7
Analyze the role of spending in determining the level of economic