Principles of Macroeconomics – ECON 214

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

The aggregate supply and demand model is used to analyze macroeconomic problems including business cycles, unemployment, and inflation. Government fiscal and monetary policies that may stabilize the economy are introduced and evaluated. The U.S. financial system and the value of U.S. dollar in the foreign exchange market are covered.

Prerequisites

None

Rationale

ECON 214 teaches the student about the structure of the economy and the interactions among its different sectors so that he/she can make good economic decisions, whether for self or public benefit.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

    1. Analyze basic macroeconomic problems including business cycle, unemployment, and inflation/deflation.
    2. Identify the sources of economic growth.
    3. Use the aggregate demand and aggregate supply models to analyze macroeconomic problems.
    4. Explain the impacts of monetary and fiscal policies and their usefulness in reaching economic stability.
    5. Describe the causes of exchange rate changes and their effects.
    6. Relate biblical principles to macroeconomic concepts.
    7. Explain macroeconomic concepts through analyzing current events.

General Education Foundational Skill Learning Outcomes:

  1. Social and Scientific Inquiry: the ability to employ established methods of exploring the social and natural sciences in order to understand the human experience of various social structures and the natural world.
    1. SSI1: Demonstrate an understanding of the impact of social and/or natural sciences on the world in which we live.
    2. SSI2: Demonstrate a biblical understanding of human behavior within various social structures.
    3. SSI3: Apply solutions for a social and/or scientific dilemma experienced in society.
  2. Christianity and Contexts: the ability to employ sound methods of interpreting and applying Scripture in order to foster a Christian worldview and relate to God’s past, present, and future redemptive work.
    1. CC3: Apply the biblical text and its principles to life in a manner that bridges various contexts and considers the implications for personal growth.
    2. CC4: Articulate how faith in Christ and the theological worldview of Scripture shape one’s purpose for pursuing education, employment, relationships, and socio-cultural engagement, relating these pursuits to the redemptive work of God.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (2)

Discussion boards are collaborative learning experiences. Therefore, the student must participate in 2 Discussion Board Forums throughout this course. Each thread must be at least 300 words and contain at least 3 citations in current APA format. In addition to the thread, the student is required to reply to the threads of at least 2 classmates. Each reply must be at least 100 words and include at least 1 citation in current APA format. For at least 1 of the replies, the student must choose a topic other than the one he/she discussed in his/her thread. This assignment aligns with the following FSLOs: SSI1, SSI2, CC3, CC4.

InQuizitive Assignments (13)

The student must complete 13 InQuizitive assignments in an adaptive learning environment. Activities are based upon assigned chapter readings from the course textbook and will require students to answer a minimum number of questions correctly in order to receive full credit. The number of questions and amount of time spent on each activity will vary based on student comprehension of concepts. This assignment aligns with the following FSLOs: SSI1, SSI3.

Problem Sets (13)

For each Problem Set, the student must answer all of the provided questions. Problem Sets may be accessed by links placed in each module/week. This assignment aligns with the following FSLOs: SSI1, SSI3.

Wall Street Journal Analysis

The student must read and analyze 1 article from the Wall Street Journal. The student must then write a review of the article that is at least 300 words in current APA format. This assignment aligns with the following FSLOs SSI1, SSI3.

Quizzes (13)

The student must complete 13 quizzes based on the textbook readings. Each quiz will cover the Reading & Study material for the assigned module/week. Each quiz will be open-book/open-notes, contain 15 multiple-choice questions, and have a 1-hour time limit. This assignment aligns with the following FSLOs SSI1, SSI3.