This course will focus on a survey of macro-economic theory with emphasis on resource allocation in a mixed enterprise economy. The concentration of the course is on the operation of the market mechanism, the role of government and labor, national income determination and accounting, monetary and fiscal policy, and neoclassical synthesis. (3 credits)
Student Learning Outcomes (SLOs)
Students who successfully complete this course will be able to:
- Understand and explain basic macroeconomic terms, concepts and methodology and use them to analyze macroeconomic variables such as income level, employment, inflation and interest rates.
- Explain why economists apply the scientific method to model an economy and demonstrate how everyone is better off with trade.
- Assess the possibility that various policy options would improve economic growth and efficiency in an economy.
- Describe the contemporary banking and monetary system, and analyze the role of money, credit, and Federal Reserve monetary policy.
- Apply economic reasoning to better understand real world policy issues such as unemployment, inflation and international trade.
General Education Outcomes (GEOs)
Course Activities and Grading
Discussions (Weeks 1-8)
Quizzes (Weeks 1-8)
Written Assignments (Weeks 3 & 6)
Final Exam (Week 8)
Available through Charter Oak's online bookstore
- N. Gregory Mankiw. Principles of Macroeconomics. Cengage Learning Inc., Boston, MA. 9th Edition, 2021. ISBN-13: 9780357133491
Readings and Exercises
Topics: Ten Principles of Economics and Thinking Like an Economist
Topics: Interdependence and Gains from Trade and the Market Forces of Demand and Supply
Topics: The Data of Macroeconomics: Measuring a Nation’s Income and Cost of Living
Topic: The Real Economy in the Long Run
Topics: Money and Prices in the Long Run
Topics: The Macroeconomics of Open Economies
Topics: Aggregate Demand and Aggregate Supply
Topics: The Influence of Monetary and Fiscal Policy on Aggregate Demand
COSC Accessibility Statement
Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.
COSC Policies, Course Policies, Academic Support Services and Resources
Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.