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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.

Course Rotation for Day Program: Offered Fall and Spring.
Text(s): Most current editions of the following:

By McConnell & Brue ( McGraw-Hill)
Economics Today: The Macro View
By Miller (Pearson)
Macroeconomics: Principles and Tools
By O’Sullivan & Shriffin (Pearson)
Principles of Macroeconomics
By Case & Fair (Prentice Hall)
Macroeconomics: Principles and Policy
By Baumol & Blinder (Thomson/South-Western)
By Colander (McGraw Hill)
Principles of Macroeconomics
By Mankiew (Cengage)
By Krugman and Wells (Worth)
Course Learning Outcomes
  1. Define economics, differentiate between microeconomics and macroeconomics, and explain the goals of an economic system.
  2. Explain the major institutions of capitalism; distinguish among pure capitalism, pure socialism, and mixed economic systems; describe the U.S. and other economies as they relate to these three economic forms.
  3. Describe the role of government in the U.S. economy; analyze the functions of government; explain the concepts of fiscal and monetary policy and how these tools of government policy are used.
  4. Describe the major components of GDP, including consumption, investment, government, and net exports; explain and analyze the factors that impact each of these components of aggregate spending.
  5. Describe and explain the banking system, including the role of commercial banks and the Federal Reserve and describe the way in which money is created in our economy.
Major Topics/Skills to be Covered:

This 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

Recommended maximum class size for this course: 35

Library Resources:

Online databases are available at You may access them from off-campus using your CougarTrack login and password when prompted.

Prepared by: Diane Suhler Date: January 27, 2016
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 learning outcomes and cover the subjects listed in the Major Topics/Skills to be Covered section. 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.

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