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Mandatory orientation must be completed by June 1.
The purpose of this course is to familiarize you with the generally accepted principles of macroeconomics. Though ultimately based on the actions of individual households and business firms, macroeconomics deals with aggregates--i.e., consumers as a whole, producers as a whole, exporters and importers as a whole, the effects of government spending and taxation, and the monetary policy of the central bank. Macroeconomics is concerned with such things as unemployment, inflation, and the business cycle.
Contact Me
Contact Me
Instructor Siobhan Car, PhD
Instructor Siobhan Car, PhD
- Office Hours:
Time by appointment.
Daytime, evening, and weekend hours are available.
SAC, RVS, RGC, or HLC campus or remotely with Google Hangout
- Contact Information:
Email - siobhan.car@austincc.edu
You will receive a reply within 24 hours business days only.
If you do not hear back assume your message was lost.
Overview
Overview
Course Description
Course Description
Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies, and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation, and the business cycle.
Course Rationale
Course Rationale
This course is meant to give students insight into the dynamics of our national economy.
The knowledge gained in the course will make students better-informed citizens and allow them to follow the debates over national economic policy reported in the news media.
This course is also a foundation course that will prepare students to be successful in upper-division finance, marketing, business administration, economics, government, and social work courses.
Common Course Objectives/Student Outcomes (as established by the economics department)
Common Course Objectives/Student Outcomes (as established by the economics department)
Students who complete this course will be able to:
critically evaluate GDP, unemployment, and inflation data;
explain the business cycle and its phases
manipulate the basic Aggregate Supply, Aggregate Demand model of the macroeconomy;
and to manipulate the basic Aggregate Supply, Aggregate Demand model of the macroeconomy;
explain fiscal policy tools and defend and criticize the usage fiscal policy;
describe how a fractional reserve banking system works;
explain monetary policy tools and defend and criticize the usage of monetary policy.
Discipline Program Student Learning Outcomes
Discipline Program Student Learning Outcomes
PSLO 1: Socially Optimal and Suboptimal Outcomes- Model and explain under what circumstances markets are capable of creating socially optimal and socially suboptimal outcomes.
PSLO 2: Economic Policy -Defend and criticize the role of economic policy in a mixed market economy.
PSLO 3: Economic Data -Critically evaluate economic data.
General Education Competencies
General Education Competencies
Civic and Cultural Awareness
Analyzing and critiquing competing perspectives in a democratic society; comparing, contrasting, and interpreting differences and commonalities among peoples, ideas, aesthetic traditions, and cultural practices.
Critical Thinking
Gathering, analyzing, synthesizing, evaluating, and applying information.
Quantitative and Empirical Reasoning
Applying mathematical, logical, and scientific principles and methods.
Written, Oral and Visual Communication
Communicating effectively, adapting to purpose, structure, audience, and medium.
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