ECO 2013 – Principles of Macroeconomics

General Education Credit: S
High School Credit: 0.5

Course Instructor: Carol Dole
Carol Dole, Ph.D.
Meet Your Instructor

About The Course

This macroeconomics course will help you understand many facets of the world in which we live. For example, after completing this course you will understand why the government investigates large companies such as Microsoft to determine if they are in violation of the nation’s antitrust laws. You will know what factors change the price and quantity of the goods and services we buy. You will learn why the government may need to impose strict environmental regulations. You will also understand why government action in many instances may be counterproductive and actually harm the nation’s well-being. Indeed, you will know all this and more! Students tell me that this course helps them operate their own business, though I think there are other courses which have this as a more direct goal.

Course Goals

After completing this course student will be able to:

  1. Understand the factors that determine the prices and quantities of products.
  2. Understand how unemployment, inflation, and GDP (Gross Domestic Product) are measured and calculated.
  3. Discuss the factors that help determine the rate of our economic growth.
  4. Explain how government policies, such as changes in government purchases or taxation, affect the nation’s economic climate.
  5. State how the quantity of money is controlled in the United States and discuss the impact that changes in the quantity of money have on the nation’s economy.
  6. Explain what factor determines the inflation rate and how inflation affects the nation’s interest rates.

Satisfied High School Graduation Requirement Subject: Elective