Equivalency Details

An introduction to the basic principles of economics, with emphasis upon macroeconomic theory and analysis. Among topics considered are the scope and nature of economics, ideology and structure of the American economy, national income and employment theory, business fluctuations, money and banking, fiscal and monetary policies, and economic growth.

This course introduces students to the study of macroeconomics, the social science that explores the behavior of the economy as a whole. Macroeconomics is primarily concerned with two major topics: long-run economic performance and the short-run fluctuations in output and employment associated with the business cycle. Students will develop an understanding of the data and techniques used to measure short-term and long-term economic performance. Students will explore the functioning of the market economy along with the role that governments play in the macro-economy.