3 Units, (UC: CSU)
This is an introductory course in the principles of macroeconomics theory. Measurement of aggregate economic performance, including GDP and national income, money and banking business cycle, role of government and the Federal Reserve System (fiscal and monetary policies), economic growth and stability, international trade, and economics of under development are covered in this course.
Focus on the economy as a whole. The series begins by presenting the critical concepts of scarcity, opportunity cost, choices, and supply and demand. The course continues by developing the framework of Classical, Keynesian, Monetarist and other alternative models. Emphasis is given to national income determination, money and banking, and the potential role of monetary and fiscal policy in economic stabilization and growth. Other topics include international trade and finance.See Schedule of Classes