ECON& 202 - Macro Economics

Credits: 5
Theory and policy related to organization and operation of a market economy. Topics include supply and demand theory, government spending and taxation, money and banking, analysis of employment, inflation, aggregate output and economic growth, and fiscal and monetary policy tools.
Course Outcomes:

Define key macroeconomic terms and concepts.
Explain how changes in supply and demand affect prices and market outcomes.
Explain how consumer spending, saving, and investment affect aggregate demand.
Identify factors that influence national output, unemployment, and inflation.
Describe the role of government in managing the economy through fiscal and monetary policies.
Use basic formulas to calculate economic values like GDP, inflation, and tax rates.
Create and interpret graphs to explain economic relationships.
Evaluate economic data or concepts in real-world contexts.

Last Updated:
12/17/2025
Course Topics:

Defining Economics
Scarcity and Trade-Offs
Circular Flow Model of the Economy
Demand and Supply (including the Price System and Markets)
Aggregate Demand and Aggregate Supply
Consumption Function
National Income Accounting Methods
Fiscal Policy (including Taxes, Transfers, Deficit Spending, and Public Sector roles)
Monetary Policy (including Money Creation and Banking)
Business Fluctuations, Unemployment, Inflation, and Deflation
Economic Growth
Classical vs. Keynesian Macro Analysis
Real-World Application of Graphs & Formulas

LEC Credits: 5
LEC hours per week: 5
Formerly: ECON 201.
Course Attribute(s): Social Sciences, Transferable Elective
OEE Permitted: Yes
Grading Basis: Graded
Instructor/Department Consent Required: No Consent
CIP Code: 45.0601
Default Section Size/Cap: 35
Quarter(s) offered:

Fall
Winter
Spring