This course analyzes the interactions between all segments of the economic system. The course will focus on savings and investment, aggregate supply and aggregate demand, the monetary system, unemployment and inflation, and fiscal policy. Additional topics may include the balance of payments and currency exchange rates determination.
Meets MnTC Goal 5
Course Effective Dates: 1/12/09 – Present
Outline of Major Content Areas
As noted on course syllabus
Learning Outcomes
Demonstrate the relationship among quantity demanded, quantity supplied, and equilibrium.
Describe how the consumer price index (CPI) and the inflation rate are computed.
Explain how equilibrium interest rate is achieved in the money market.
Express economics as the study of scarcity and decision making.
Identify the functions of money.
Observe the four phases of the business cycle and business cycle indicators.
Recognize the components of GDP.
Minnesota Transfer Curriculum Goal Area(s) and Competencies Goal 05 — Hist/Soc/Behav Sci
