Feb 03, 2023  
2021-2022 Lane Community College Catalog 
2021-2022 Lane Community College Catalog [ARCHIVED CATALOG]

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ECON 202 - Principles of Economics: Introduction to Macroeconomics

3 Credit(s)

Third term of three-term sequence in principles of economics. Study of basic macroeconomics including alternative macroeconomic models of the level of economic activity, money and banking, fiscal policy and monetary policy. 

Prerequisite: ECON 200  or ECON 201 . Recommended: MTH 111  and one year of college coursework completed
Learning Outcomes
Upon successful completion of this course, the student will be able to:

1. Apply analytical skills to social phenomena in order to understand human behavior: Analyze impacts of business cycles, forecasting and monetary policies from mathematical, graphical, and logical perspectives. Apply these analyses to social/political/economic trends and consider their impact upon human behavior and motivation in the past and present

2. Apply knowledge and experience to foster personal growth and better appreciate the diverse social world in which we live: Use economic approaches and reasoning gained throughout the term (as well as prior terms of economics principles) to better understand, appreciate (and accept) the diversity of opinion and approach that exist regarding macroeconomic problems and concerns

3. Understand the role of individuals and institutions within the context of society: Course will examine the macroeconomic impact of top-down and bottom-up movements expressed via established institutional structures as well as grass-roots political and social movements

4. Assess different theories and concepts, and understand the distinctions between empirical and other methods of inquiry: Examine, identify and assess macro-economic theories and approaches from the perspectives of both liberal and conservative ideologies. Develop skills necessary to recognize potential pitfalls to clear and reasoned thinking

5. Utilize appropriate information literacy skills in written and oral communication: Weekly in class and/or online forum discussions and required graded written analysis of a wide range of relevant topics is designed and intended to hone communication skills

6. Understand the diversity of human experience and thought, individually and collectively: Examine the historic origins of current schools of economic thought as well as the origins and evolution of current economic systems. Be familiar with the processes by which individuals and peoples change within an economic context over time

7. Apply knowledge and skills to contemporary problems and issues: Consider macro-economic case studies of current economic and socio-economic problems and dilemmas, Identify potential opportunities for positive change within current macro-economic frameworks as well as consider future macro-economic issues and how to resolve them by means of fundamental economic tools and strategies acquired throughout the course of this and previous terms

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