ECON-2301 Principles of Macroeconomics
TARRANT COUNTY COLLEGE DISTRICT MASTER SYLLABUS
COURSE DESCRIPTION
An analysis of the economy as a whole including measurement and determination of
Aggregate Demand and Aggregate Supply, national income, inflation, and
unemployment. Other topics include international trade, economic growth, business
cycles, and fiscal policy and monetary policy. Required for business and economics
majors.
COURSE TYPE
Academic Core
COURSE GOALS AND LEARNING OUTCOMES
Course goals and learning outcomes support the Foundational Component Areas
defined by the Texas Higher Education Coordinating Board. Course goals are linked to
the respective Core Curriculum Competencies: Critical Thinking Skills,
Communication Skills, Empirical and Quantitative Skills, and Social
Responsibility. Specific competencies are identified in designated course goals and
learning outcomes.
Upon successful completion of this course, students will:
1.
Explain the role of scarcity, specialization, opportunity cost, and cost/benefit
analysis in economic decision making.
2.
Identify the determinants of supply and demand; demonstrate the impact of shifts
in both market supply and demand curves on equilibrium price and output.
3.
Define and measure national income and rates of unemployment and inflation.
4.
Identify the phases of the business cycle and the problems caused by cyclical
fluctuations in the market economy.
5.
Define money and the money supply; describe the process of money creation by
the banking system and the role of the central bank.
6.
Construct the aggregate demand and aggregate supply model of the macro
economy and use it to illustrate macroeconomic problems and potential monetary
and fiscal policy solutions.
7.
Explain the mechanics and institutions of international trade and their impact on
the macro economy.
ECON-2301
Tarrant County College
Page 1 of 3
8.
Define economic growth and identify sources of economic growth.
9.
Critical Thinking Skills: Demonstrate the ability to evaluate, synthesize, and
perform inquiry and analysis of economic systems and market models by
a.
determining optimal resource allocation;
b.
identifying key variables that drive economic activity;
c.
categorizing pertinent and relevant topics in the news related to
environmental and economic systems.
10.
Communication Skills: Demonstrate the ability to communicate orally, visually,
and/or in writing using mathematical and economic terminology by
a.
analyzing and interpreting graphs;
b.
illustrating the solution steps to solve equations and/or economic models.
11.
Empirical and Quantitative Skills: Manipulate and analyze numerical data or
observable facts in making informed conclusions by
a.
evaluating economic models;
b.
writing and solving equations for application problems.
12.
Social Responsibility: Demonstrate social responsibility by
a.
demonstrating an ability to consider, discuss, and reflect upon the
application of the course material to various aspects of life;
b.
examining economic theories of personal and social responsibility.
COURSE ASSESSMENT
Student success is measured by a variety of assessment techniques aligned with
course goals and learning outcomes. Individual faculty members are responsible for
designing evaluation instruments to measure student mastery of course goals and
learning outcomes and indicating the nature of such evaluation instruments in the
instructor’s class requirements.
STUDENT ACCESSIBILITY RESOURCES
Any student with a documented disability needing academic accommodations is
required to contact the Student Accessibility Resources (SAR) Office located on each
campus to schedule an appointment with the Coordinator of SAR. All discussions are
confidential. Because SAR accommodations may require early planning and are not
provided retroactively, students are encouraged to contact SAR as early in the semester
as possible. SAR is responsible for approving and coordinating all disability-related
services. TCC professors will honor requests for accommodation when they are issued
by SAR.
SCHOLASTIC DISHONESTY
Students are responsible for adhering to the TCCD policy on scholastic dishonesty as
stated in the online student handbook at www.tccd.edu.
ECON-2301
Tarrant County College
Page 2 of 3
RESOURCES
For additional information regarding the student handbook, academic calendar, course
evaluations, attendance policy, SCANS skills, Core Competencies, etc., see
www.tccd.edu.
ECON-2301
Tarrant County College
Page 3 of 3