May 19, 2024  
2023-2024 Undergraduate Academic Catalog 
2023-2024 Undergraduate Academic Catalog [ARCHIVED CATALOG]

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BUS 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, inflation 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. Money and banking topics including the function of money and how it affects interest rates. This course meets the following Raider Core CLO requirement: Think Critically or Exhibit Curiosity. (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 and demand, government interventions, and business and consumer response to markets
  • Describe how different economic indicators influence the economy of a country, industries, other indicators, forecasting, and consumers’ and businesses’ behaviors
  • Analyze and compare a country’s entire economic picture including GDP, income inequality, economic freedom, growth and instability, and employment levels
  • Comprehend fiscal and monetary policies, who controls them, and how they influence industries, financial markets, and countries
  • Explain the role of international trade, exchange rates, and the balance of payments in the economy
  • Explain the effect of savings and consumption rates on the economy
  • Explain the major factors affecting the level of interest rates, the rate of inflation, the exchange rate, the level of employment, and the rate of growth for an industrialized country
  • Describe the function of money in the economy
  • Explain the relationship between money and interest rates

Prerequisites by Topic
  • None

Dr. Paul Hudec

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