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ECO 201 Principles of Macroeconomics
Credit Hours: 3, Contact Hours: 3
Division: Social Science
This principles level course provides an in-depth overview and analysis of macroeconomic theory and concepts; and applies them to the contemporary economic issues, problems, and policies in the United States and other economies. Topics include the nature and scope of economics; national income accounting; government revenues, expenditures, and national debt; unemployment, inflation, and interest rates; economic growth; and monetary, fiscal and international trade policies. Group 1 course. Critical Thinking - Direct.
Recommended Prerequisites: MTH 23, placement into ENG 111. It is recommended that students take ECO 201 before ECO 202.
ECO 201 - Principles of Macroeconomics
https://catalog.nmc.edu/course-outlines/eco-201/
Course Description This principles level course provides an in-depth overview and analysis of macroeconomic theory and concepts; and applies them to the contemporary economic issues, problems, and policies in the United States and other economies. Topics include the nature and scope of economics; national income accounting; government revenues, expenditures, and national debt; unemployment, inflation, and interest rates; economic growth; and monetary, fiscal and international trade policies. Group 1 course. Credit Hours 3 Contact Hours 3 Lecture Hours 3 Recommended Prerequisites or Skills Competencies MTH 23 , placement into ENG 111 . It is recommended that students take ECO 201 before ECO 202 . General Education Outcomes supported by this course Critical Thinking - Direct Course Learning Outcomes Knowledge: Identify and explain the basic theoretical framework of macroeconomics, from the primary concepts of the market forces of demand/supply to govt intervention in an economy, as well the concepts of gross domestic product, inflation, and international trade. CT1. Application: Demonstrate how to investigate, critically analyze, and quantify the various variables (used by the institutions that formulate and enforce fiscal and/or monetary policies) that determine the outcomes of macroeconomic policies and factor mobility in terms of gains and losses to individual consumers, producers, and society. Further, illustrate how to precisely evaluate the quantitative outcomes of the applications of macroeconomic theories and concepts enforced by others (in various public institutions) as economic policies. Integration: Construct and apply qualitative macroeconomic models. Establish goals of, for instance, contained inflation, maximizing national income and employment, the optimal degree of the use of market forces, the desired level of the distribution of wealth, the conduct of international trade for "a" society in the world. Further, display how to analyze, evaluate, forecast, and adjust the measurable outcomes of the models of macroeconomic theory. Human Dimension: The illustration of how to become effective team members by improving the skills of understanding regarding personal interactions, collaboration, motivation, self- reflection, and communication. Caring - Civic Learning: Identify high standards of professionalism and unbiased approach to analyzing or solving problems, caring attitude, humbleness, selflessness, wisdom, emotional stability, and rationality. Learning How to Learn: Examine the skills of autonomously exploring, evaluating, and analyzing the contemporary worldwide macroeconomic factors such as global interdependence of fiscal and monetary policies, as well as global labor pool and world-wide mobility of capital/labor.
ECO 202 - Principles of Microeconomics
https://catalog.nmc.edu/course-outlines/eco-202/
Course Description This principles level course analyzes microeconomic theory and concepts; and applies them to contemporary economic issues, problems, and policies. Topics include supply and demand analysis, productivity and the firm's costs of production, price and output determination under various market structures, government interventions in markets, factor allocation and pricing, and international trade. Group 1 course. Credit Hours 3 Contact Hours 3 Lecture Hours 3 Recommended Prerequisites or Skills Competencies MTH 23 , placement into ENG 111 . It is recommended that students take ECO 201 before ECO 202 . General Education Outcomes supported by this course Critical Thinking - Direct Course Learning Outcomes Knowledge: Identify and explain the basic theoretical framework of microeconomics, from the concepts of the forces of demand/supply to understanding price elasticities and the cost of production of goods/services. Application: Demonstrate how to investigate, critically analyze, and quantify the various variables of market structures, from monopoly to oligopoly to perfect competition and govt intervention. Further, illustrate how to compare the degrees of competitiveness, as well as the production, pricing, and profit strategies adopted by individual companies; and their consequent impacts on the welfare of producers, consumers, and society. Integration: To evaluate the quantitative outcomes of the applications of microeconomic theories used by market forces and regulatory institutions. Further, establish their managerial goals of, for instance, profit maximization, factor utilization, and production or marketing strategy for operations of firms. Also, demonstrate how to analyze, evaluate, forecast, and adjust the measurable outcomes of the models of microeconomic theory. Human Dimension: The illustration of how to become an effective team members by improving the skills of understanding regarding personal interactions, collaboration, motivation, self- reflection, and communication. Caring - Civic Learning: Microeconomics deals with the management practices and regulations of local, national, and multinational. Identify high standards of professionalism, wisdom, humbleness, rationality, emotional stability, and an unbiased approach to managing resources and/or imposing regulations. Learning How to Learn: Examine the skills of independently exploring, evaluating, and analyzing the complexity of market structures and competitiveness, govt interventions in markets, global mobility and interdependence of product and resource markets.
Computer Information Technology - Infrastructure and Security, Associate in Applied Science Degree
...who do not meet this requirement . 5 ECO 201 Principles of Macroeconomics recommended. 1 Microsoft...