RARITAN VALLEY COMMUNITY COLLEGE
Macroeconomics ECON-101
Course Outline
I. Basic Course Information
A. Date: May 2004
B. Course Prefix and Title: ECON-101 Macroeconomics
C. Sponsoring Department: Department of Business & Public Service
D. Semester Credit Hours: 3
E. Weekly Contact Hours: 3 Lecture 3
Laboratory 0
F. Prerequisites: None
G. Laboratory Fees: None
II. Catalog Description
Macroeconomics examines how all of the players in a market fit together into a
complete economy. Students investigate the foundations of economic theory to
determine ways to correct various economic problems. Issues such as
unemployment, economic growth and resource allocation are also examined.
II. Statement of Course Need
This course is an essential element in a complete program to provide a student
with the minimum business skills and theoretical background in order to function
effectively as a responsible citizen and productive member of society.
IV. Place of Course in College Curriculum
This course is required in the following degree program:
• AS (Business Transfer)
• AAS (Accounting)
• AA Liberal Arts/General Business
Elective
V. Course Content
1. Graphics used in Economic Analysis
2. The Problem of "Scarcity"
3. Supply and Demand
4. Overview of Recent Macro-Economic History
5. The Consequences of Unemployment and Inflation
6. Aggregate Demand in Relation to National Production
7. Understanding the Concept of Multiplier
8. Understanding Stagflation
