ECO 201 - Principles of Macroeconomics at Lord Fairfax Community College

Course Description

Effective: 2020-05-01

Presents the fundamental macroeconomic concepts, theories, and issues including the study of scarcity and opportunity cost, supply and demand, national economic growth, inflation, recession, unemployment, fiscal and monetary policies, and international trade. Develops an appreciation of how these economic concepts apply to consumer, business, and government decisions, and their effect on the overall economy. This is a Passport Transfer course.
Lecture 3 hour. Total 3 hours per week.
3 credits

General Course Purpose

Principles of Macroeconomics is a course in economics for students whose college and career paths require knowledge of the fundamentals of concepts, theories, and issues which influence the economy overall. Emphasis is placed upon the development of an appreciation of how these apply to consumer and business decisions, and their effect on the overall economy. To that end, students will utilize economic data collection methods and models to support reasonable conclusions.

Course Objectives

Major Topics to be Included

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