ECON102

In macroeconomics the focus is on the whole economic environment. This directly affects how corporations, unions, governments, and community and social service agencies function. It also determines the general condition of the job markets and employment. Course goals include helping you: (1) explore the structure of key institutions of modern, especially U.S. capitalism, including private property, the market system, government, households, corporations, money and the financial system; (2) explore economic processes including the functioning of supply and demand, market power, market failures, government as a resource, international economic relations, and class relations; (3) develop analytical skills; (4) develop a theoretical understanding of the overall economy using an elementary macroeconomic model; (5) apply theoretical knowledge to practical policy issues, both historical and contemporary, with an emphasis on fiscal and monetary policies; and (6) think critically about economic knowledge through understanding both classical/monetary and Keynesian economics.