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MASTER SYLLABUS

Master Syllabus

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Administrative Unit: Business Administration Department
Course Prefix and Number: ECON 293
Course Title: Macroeconomics
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog Description: Introduction to concepts and theories applicable to a national economy. Prerequisite: Sophomore standing. G.E. Course meets Multicultural graduation requirement.
 
Prerequisite(s) / Corequisite(s): Sophomore standing.
 
Course Rotation for Day Program: Offered Fall and Spring.
 
Text(s): Most current editions of the following:

Macroeconomics
By McConnell & Brue ( McGraw-Hill)
Recommended
Macroeconomics: Explore and Apply
By Ayers & Collings (Prentice Hall)
Recommended
Macroeconomics: Principles and Tools
By O’Sullivan & Shriffin (Prentice Hall)
Recommended
Principles of Macroeconomics
By Case & Fair (Prentice Hall)
Recommended
Macroeconomics: Principles and Policy
By Baumol & Blinder (Thomson/South-Western)
Recommended
 
Course Objectives
  • To understand macroeconomic problems, concepts and institutions.
  • To understand the workings of the U.S. economy as a whole, as well as the relationship of the U.S. economy to that of other nations.
  •  
    Measurable Learning Outcomes:
  • Explain what the study of economics involves and be able to differentiate between the disciplines of macroeconomics and microeconomics.
  • Draw supply and demand curves and manipulate these curves when performing economic analysis.
  • Explain the major institutions of capitalism and distinguish among pure capitalism, pure socialism, and mixed economic systems.
  • Describe the role of government in the U.S. economy and analyze the reasons for government involvement in various aspects of our economy.
  • Identify the components of the current account and capital account balances. Further, demonstrate through supply and demand analysis, how various factors affect currency exchange rates.
  • Explain Gross Domestic Product and describe its component parts.
  • Describe the terms fiscal and monetary policy and be able to predict the impact of changes in spending, taxes, interest rates, and the money supply on the economy.
  • Explain the behavior of consumers and businesses in the economy.
  • Describe the banking system and be able to explain how money is created in the economy.
  •  
    Topical Outline: Every Business Administration course will include a written and/or oral presentation component.

  • Nature and methodology of economics
  • Supply and demand analysis
  • Comparative economic systems
  • Global economy
  • National income and accounting measures
  • Unemployment and inflation
  • Monetary system
  • Role of government in the economy
  • Fiscal and monetary policy
  • Keynes, classical, and supply side economics
  •  
    Culminating Experience Statement:

    Material from this course may be tested on the Major Field Test (MFT) administered during the Culminating Experience course for the degree. 
    During this course the ETS Proficiency Profile may be administered.  This 40-minute standardized test measures learning in general education courses.  The results of the tests are used by faculty to improve the general education curriculum at the College.

     

    Recommended maximum class size for this course: 35

     
    Library Resources:

    Online databases are available at http://www.ccis.edu/offices/library/index.asp. You may access them from off-campus using your CougarTrack login and password when prompted.

     
    Prepared by: Diane Suhler Date: February 26, 2009
    NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.

    Office of Academic Affairs
    12/04