Determinants of national output, employment, and price level; inflation and unemployment; fiscal and monetary policy.
This course is designed as an introductory survey of economy-wide phenomena such as inflation and unemployment, as well as determinants of national output, employment, and the general price level. The role of monetary and fiscal policy will be surveyed and applied via macroeconomic theory.
Upon completion of the course, the student should:
- identify the data and use the tools of macroeconomic policy;
- describe the costs and benefits of certain economy-wide phenomena such as inflation and unemployment;
- understand what determines a country's standard of living in the long run;
- evaluate public policy in an informed and objective manner;
- recognize the institutional surroundings that impact macroeconomic phenomena;
- further their analytical, research, and writing skills.
This course is approved for Validation by Education Experience (VEE) by the Society of Actuaries (SOA).
This course requires the use of electronic proctoring through ProctorU, please see http://www.online.colostate.edu/current-students/proctoring.dot for detailed instructions. For students requiring accommodations, please contact Resources for Disabled Students; for consideration of exceptions outside the scope of RDS, please contact the University Testing Center
This course meets the All-University Core Curriculum (AUCC) requirements for Social/Behavioral Sciences (Category 3C) and is approved under gtPathways in the content area of Economic or Political Systems (GT-SS1).
This course can be applied toward:
MATH 117 (College Algebra in Context I) or MATH 118 (College Algebra in Context II) or MATH 141 (Calculus in Management Sciences) or MATH 155 (Calculus for Biological Scientists I) or MATH 160 (Calculus for Physical Scientists I); ECON 202 (Principles of Microeconomics) or AREC 202 (Agricultural and Resource Economics).
Prerequisites: college algebra, introductory microeconomics.
Textbooks and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- The Macro Economy Today, 14th Ed.
Schiller, Bradley and Gebhardt, Karen
Choose one of the following:
(1) ISBN: 978-1259961090 (paper text + Connect access) or
(2) ISBN: 978-1259957543 (Connect access, also can be purchased directly from the Connect website)
Students are, at a minimum, required to have access to Connect which includes an eText. Students can choose to purchase a paper text as well.
Thom is a fourth-year PhD candidate at CSU. Prior to his tenure at CSU, Thom attended the University of Missouri-St. Louis where he obtained B.S. and M.A. degrees in economics, as well as a B.S. in mathematics. Thom is originally from St. Louis, Missouri and has worked in the financial sector in New York City and St. Louis. He has been an economics teaching assistant for the universities he has attended, as well as teaching at CSU and Front Range Community College. His interests are the economics theory of rational addiction as well as behavioral economics with regard to socioeconomic issues such as wage discrimination, women's autonomy, and the economic impact of domestic violence and suicide. Thom's personal interests include, reading, chess, cars and computers.