CCOG for EC 202 archive revision 201504

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Effective Term:
Fall 2015 through Summer 2021

Course Number:
EC 202
Course Title:
Principles of Economics: Macroeconomics
Credit Hours:
4
Lecture Hours:
40
Lecture/Lab Hours:
0
Lab Hours:
0

Course Description

Covers the overall economy. Includes the basic reasons for and the problems of recession, inflation, and stagflation; the use of monetary, fiscal, and incomes policies; and other economic management tools. Recommended: MTH 95 and EC 201. Audit available.

Addendum to Course Description

Credits from this course qualify for general education purposes at Portland Community College and may be applied toward satisfying Associates Degrees at Portland Community College.  Books and other materials are at the discretion of each course instructor.  Prices for texts and/or other materials may be found at the Portland Community College bookstore. 

Intended Outcomes for the course

Upon successful completion, students should be able to:

  1. Think critically and formulate independent and well-considered conclusions about economic issues and
    policies.
  2. Effectively participate in the political process and the economy by utilizing an understanding of the historical
    evolution of economic systems, institutions and ideologies.
  3. Understand different paradigmatic perspectives regarding the stability or instability of the macroeconomy.
  4. Evaluate different public policy options for addressing macroeconomic issues and problems.
  5. Make rational decisions based on rudimentary marginal analyses.

Social Inquiry and Analysis

Students completing an associate degree at Portland Community College will be able to apply methods of inquiry and analysis to examine social contexts and the diversity of human thought and experience.

Course Activities and Design

This course may include lecture and discussion formats utilizing faculty expertise, texts, supplementary reading materials, films, speakers, and other classroom aids at the discretion of the instructor.  Regular attendance and completion of assigned reading are essential to the successful completion of this course.  Instructors will teach in accordance with the goals and objectives listed in this Course Content Guide.  The course Content Guides are developed by college-wide subject area faculty and are approved by management. 

Outcome Assessment Strategies

Traditional and nontraditional techniques will be used to assess student mastery of the content, competencies, and outcomes. These techniques can asses either product sor processes:

Products: multiple choice exams, essays, individual group projects, student demonstrations, research projects, other projects with
               specified rating criteria, and portfolios.

Processes: interviews, documented observations, web searches, journals, student self-evaluations.

Course Content (Themes, Concepts, Issues and Skills)

  • What macroeconomics tries to explain; an introduction to GDP growth and fluctuations.

  • Macroeconomic measurement; Output, income, employment, and inflation.

  • The economy in the long run; explaining trends in output, labor, and financial markets; economic growth.   

  • The economy in the short run; explaining economic fluctuations.

  • Economic policy; the role of the Federal Reserve; fiscal policy and the government budget.

  • The international economy; exchange rates, the balance of payments; monetary and fiscal policy in an open economy

Skills and competencies

  • Build a vocabulary of economic terms that will enable the student to find the daily reading of papers and periodicals easier and more meaningful.

  • 欧洲杯决赛竞猜app_欧洲杯足球网-投注|官网 the ability to summarize an argument, understand economic reports, and to discern between positive and normative statements.

  • 欧洲杯决赛竞猜app_欧洲杯足球网-投注|官网 the ability to acquire and analyze quantitative data and make mathematical computations using formulas.

  • 欧洲杯决赛竞猜app_欧洲杯足球网-投注|官网 the ability to use and apply theoretical models.

  • 欧洲杯决赛竞猜app_欧洲杯足球网-投注|官网 the ability to think clearly about policy tradeoffs.