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    Milwaukee School of Engineering
  Dec 17, 2017
2017-2018 Undergraduate Academic Catalog
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BA 2222 - Macroeconomics

3 lecture hours 0 lab hours 3 credits
Course Description
Macroeconomics outlines and analyzes the application of the principles and theories of economics to modern business and the economic environment. Topics include measuring and understanding GDP, unemployment and business cycles, national debt and the role of government as expressed in macroeconomic theory. Monetary and fiscal policy efforts to promote employment, trade agreements economic impacts, price stability and economic growth are reviewed. (prereq: none)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Understand different market types including components of aggregate supply & demand, government interventions, and business & consumer response to markets
  • Describe how different economic indicators influence the economy of a country, industries, other indicators, forecasting, and consumers’ & businesses’ behaviors.
  • Analyze and compare a country’s entire economic picture including GDP, income inequality, economic freedom, growth & instability, and employment levels.
  • Comprehend fiscal and monetary policies, who controls them and how they influence industries and countries.

Prerequisites by Topic
  • None

Course Topics
  • Macro vs Micro discussion. Intro to Macro mindframe.  Market systems.
  • Market Failures. Role of Government
  • Income Inequality, Poverty, GDP
  • Growth & Stability, Economic Indicators (Leading, Lagging, Coincident)
  • Aggregate Supply & Demand. Business Cycles. Unemployment. Inflation.
  • Fiscal Policy, Deficits, Debt
  • Monetary Policy, Money, Banking, Interest Rates
  • Trade Agreements and Unions
  • Case Study of Housing Crash and recession.  How industries all fit together

Dr. Katrina Moskalik

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