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 towards:
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.
Textbook 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.
John Ohakim is a research assistant and online instructor in the Department of Economics at Colorado State University. His broad research fields of interests include international trade and finance, and development economics. His current research seeks to address questions about multinational corporations’ foreign investment behavior, optimal responses in host nations, and gendered distribution of income and wealth.