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Course Description

Schoolcraft is excited to offer traditional credit face-to-face, hybrid, online, and remote classes for Fall 2020 while providing students a safe experience based on recent COVID-19 concerns.

Please see the COVID-19 web page to learn more. Keep checking the schedule for additions on our New, Added, and Late Starting Courses web page.

Economics - ECON 201

Principles of Macroeconomics

4 Credit Hours
4 Lecture Hours

Course Description

Macroeconomics refers to that portion of economic analysis which is concerned with behavior of economy-wide issues, e.g., inflation, unemployment, etc. By means of theoretical reasoning and empirical research, economists have identified a number of relationships or principles which are useful in explaining and predicting macroeconomics, their application to an understanding of current economic problems and their implication for economic policy. The intent of the course is to provide the student with a basic level of economic literacy essential for a well-informed citizenship in the years ahead. In economics, perhaps more than any other comparable discipline, things are not always what they appear to be. Indeed, many economic problems both past and present have resulted from the misunderstanding of fundamental economic relationships.

Prerequisites

(A requirement that must be completed before taking this course.)

  • MATH 47 or a minimum score of 19 ACT-Math, 25 SAT-Math, 75 CPT-Arithmetic, 28 CPT-Elementary Algebra, 260 NGA-Arithmetic or 230 NGA-Quantitative Reasoning, Algebra and Statistics.

Course Competencies

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

  • Explain key economic terms as they relate to macroeconomics.
  • Graph relationships between two variables.
  • Interpret the graphs used in economic models.
  • Solve a variety of economic problems using mathematical methods.
  • Summarize economics and its relationship to the other social sciences.
  • Differentiate between various types of economic systems.
  • Apply the concepts of aggregate demand and aggregate supply to macroeconomic models.
  • Explore National Income Accounting.
  • Explore the development and role of money in an economic system.
  • Explore the role of the Federal Reserve System and the process by which it controls the money supply and interest rates.
  • Differentiate between Classical and Keynesian Economics Theories.
  • Summarize the Keynesian criticism of Classical Theory.
  • Predict the effects of monetary policy on an economic system.
  • Predict the effects of fiscal policy on an economic system.
  • Differentiate between demand side economics and supply side economics.
  • Predict the effects of international trade on an economic system.

Course Schedule

 CourseSectionCourse TitleLocationCredit HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2020; ECONOMICS; No of Weeks : 7; Begins : 08/31/2020

 201141205Prin MacroeconomicsRMT4Winston G8/24/0Open$12.00M W  12:30 PM-02:54 PM WEBWEB
F  12:30 PM-04:02 PM WEBWEB

Fall; 2020; ECONOMICS; No of Weeks : 12; Begins : 09/22/2020

 201142909Prin MacroeconomicsONL4Jawad B0/31/0Closed$12.00 
 201142948Prin MacroeconomicsONL4Jawad B8/31/0Open$12.00 
 201142953Prin MacroeconomicsONL4Jawad B15/31/0Open$12.00 
 201142972Prin MacroeconomicsONL4Hunt D4/31/0Open$12.00 

Fall; 2020; ECONOMICS; No of Weeks : 15; Begins : 08/31/2020

 201141201Prin MacroeconomicsRMT4Badry P2/24/0Open$12.00M W  08:00 AM-09:54 AM WEBWEB
 201141202Prin MacroeconomicsRMT4Heini D1/24/0Open$12.00T R  10:30 AM-12:24 PM WEBWEB
 201141203Prin MacroeconomicsRMT4Badry P2/24/0Open$12.00M W  10:00 AM-11:54 AM WEBWEB
 201141204Prin MacroeconomicsRMT4Hale K6/24/0Open$12.00M W  01:00 PM-02:54 PM WEBWEB
 201141207Prin MacroeconomicsRMT4Hale K3/24/0Open$12.00T R  03:00 PM-04:54 PM WEBWEB
 201142908Prin MacroeconomicsONL4Hunt D3/31/0Open$12.00 
 201142931Prin MacroeconomicsONL4Howie C9/31/0Open$12.00 
 201142934Prin MacroeconomicsONL4Howie C4/31/0Open$12.00 

Winter; 2021; ECONOMICS; No of Weeks : 12; Begins : 02/02/2021

 201111250Prin MacroeconomicsRMT4Hale K31/31/0Open$12.00T R  06:00 PM-08:26 PM WEBWEB
 201112752Prin MacroeconomicsONL4Jawad B31/31/0Open$12.00 
 201112964Prin MacroeconomicsONL4Jawad B31/31/0Open$12.00 
 201112978Prin MacroeconomicsONL4Jawad B31/31/0Open$12.00 

Winter; 2021; ECONOMICS; No of Weeks : 15; Begins : 01/11/2021

 201111201Prin MacroeconomicsRMT4Hale K31/31/0Open$12.00T R  08:00 AM-09:54 AM WEBWEB
 201111205Prin MacroeconomicsRMT4Heini D31/31/0Open$12.00T R  01:00 PM-02:54 PM WEBWEB
 201111206Prin MacroeconomicsRMT4Heini D31/31/0Open$12.00M W  01:00 PM-02:54 PM WEBWEB
 201112908Prin MacroeconomicsONL4Howie C31/31/0Open$12.00 
 201112931Prin MacroeconomicsONL4Howie C31/31/0Open$12.00 
 201112934Prin MacroeconomicsONL4Hunt D31/31/0Open$12.00 
 201216133Prin MacroeconomicsRMT4Howie C31/31/0Open$12.00T R  12:00 PM-01:54 PM WEBWEB

Key: Day of the Week

  • T = Tuesday
  • R = Thursday
  • S = Saturday
  • X = Sunday