Assignment:
Principles of Macroeconomics
An introduction to the study of the determination of income, output, employment, and prices in the U.S. economy. Emphasis on fundamental economic concepts, gross domestic product and its components, monetary and fiscal policy, and contemporary macroeconomic issues.
This course is a part of the Common Body of Knowledge that all business majors take. You will be tested on this course content when you take the ETS Major Field Test in Business (ETS Exam). You are strongly encouraged to keep all notes, eText access codes, and print upgrade, if applicable, for this course to enable you to prepare adequately for the test.
Learning Outcomes:
1. Explain the concepts of scarcity, opportunity cost, and the role of incentives in decision making.
2. Identify and explain the primary statistics used to measure income, output, employment, and prices in the aggregate economy.
3. Develop and describe the basic Aggregate Supply/Aggregate Demand (AS/AD) Model.
4. Describe Monetary and Fiscal Policy within the context of the AS/AD model.
5. Relate the concept of deficit to debt by comparing government expenditures to government revenues.
6. Recognize the importance of specialization by comparative advantage in the face of globalization.
7. Distinguish between the balance of trade and the balance of payments.
8. VALUES OUTCOME: Discuss, integrate, and explain the relevance of Responsible Stewardship in the context of macroeconomic analysis.
Core Value:
Responsible Stewardship: Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources to university and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo University's mission and goals.
Attachment:- Assignment.rar