Macroeconomics

Course Content from McGraw-Hill
Course Number: ECON101 Download Course Syllabus
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Macroeconomics looks at the big-picture performance of the national economy and its links to the global economy. Designed to examine many of the basic tools economists use, this course covers economic perspective, fundamental concepts, graphing skills, and an overview of the interrelated components of the United States economy.

Course resources explain the importance of supply and demand, economic measures, growth, employment and inflation, and how these relate to the business cycle and the health of the economy. Students will develop knowledge of aggregate expenditures and aggregate supply and demand, with a specific macroeconomic point of reference.

In addition to issues affecting United States markets, the course examines various international issues important in today's global economy.

  • Self Paced
  • Economics
  • Content by McGraw-Hill
Online Course
Macroeconomics   +$59.00
eTextbook
ECON101 eTextbook (a $166.96 value)   +$0.00
Proctoring (included)
Tutoring (included)
Credits 3

10/29/14 by cheema.deepinder

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10/29/14 by cheema.deepinder

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10/26/14 by bat7981

Macroeconomics is a fairly difficult subject material. The course is very intensive and contains a quiz after each chapter along with a midterm and proctored final.

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10/26/14 by bat7981

Macroeconomics is a fairly difficult subject material. The course is very intensive and contains a quiz after each chapter along with a midterm and proctored final.

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10/25/14 by ashishjohari88

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10/25/14 by ashishjohari88

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10/17/14 by dreww

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10/17/14 by dreww

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10/10/14 by odonnellshaw

Quiz and test questions require that you truly understand the content. Frequently the wording is different from the the text to make sure you understand.

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10/10/14 by odonnellshaw

Quiz and test questions require that you truly understand the content. Frequently the wording is different from the the text to make sure you understand.

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10/2/14 by srinadh.v

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10/2/14 by srinadh.v

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9/28/14 by reneilweaphane

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9/28/14 by reneilweaphane

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9/24/14 by aubskparrish

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9/24/14 by aubskparrish

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9/20/14 by ajean013

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9/20/14 by ajean013

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9/14/14 by ebertora

During this course I found that the information provided was very different than the information on the tests. The review exams did not help with the tests at all.

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9/14/14 by ebertora

During this course I found that the information provided was very different than the information on the tests. The review exams did not help with the tests at all.

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9/12/14 by Connor.M37

I learned a lot about economics. Unfortunately I didn't do so well on the final as I wanted an "A" in this course. I get really anxious during test especially scheduling them around my busy work schedule.

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9/12/14 by Connor.M37

I learned a lot about economics. Unfortunately I didn't do so well on the final as I wanted an "A" in this course. I get really anxious during test especially scheduling them around my busy work schedule.

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9/9/14 by aubskp

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9/9/14 by aubskp

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9/8/14 by jlcain.j

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9/8/14 by jlcain.j

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9/8/14 by mdarrenj

Lots of tests

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9/8/14 by mdarrenj

Lots of tests

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9/3/14 by samdmante

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9/3/14 by samdmante

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9/3/14 by erich435

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9/3/14 by erich435

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9/2/14 by leftydeb1991

It was very interesting.

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9/2/14 by leftydeb1991

It was very interesting.

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8/29/14 by parul.p27

A very well designed course, and gives a very good picture of the subject matter by bringing in real world examples that students can relate too.

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8/29/14 by parul.p27

A very well designed course, and gives a very good picture of the subject matter by bringing in real world examples that students can relate too.

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8/28/14 by will.w

It is a good overview of macroeconomics, but it is a tough course. The book I believe needs to be updated but other than that I enjoyed the course.

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8/28/14 by will.w

It is a good overview of macroeconomics, but it is a tough course. The book I believe needs to be updated but other than that I enjoyed the course.

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8/20/14 by vonda1975

Great Course!

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8/20/14 by vonda1975

Great Course!

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8/19/14 by anuragchandra

It was great.Thanks.

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8/19/14 by anuragchandra

It was great.Thanks.

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8/14/14 by thoover

The economics of the country.

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8/14/14 by kenderrickm

this is a verygood site

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8/14/14 by ariannagiddings

It was very straight forward, and lets you work at your own pace of understanding.

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8/14/14 by thoover

The economics of the country.

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8/14/14 by kenderrickm

this is a verygood site

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8/14/14 by ariannagiddings

It was very straight forward, and lets you work at your own pace of understanding.

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8/12/14 by karlovicj

Fair and level treatment of Macroeconomics. Very similar to the AP course in terms of topic depth, a bit more than high school and a bit less than a full semester length lecture in person.

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8/12/14 by karlovicj

Fair and level treatment of Macroeconomics. Very similar to the AP course in terms of topic depth, a bit more than high school and a bit less than a full semester length lecture in person.

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8/11/14 by madibrooke

There were too many quizzes and a lot of reading.

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8/11/14 by madibrooke

There were too many quizzes and a lot of reading.

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8/9/14 by thoover

Econ

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8/9/14 by thoover

Econ

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8/7/14 by swetha.s

Content was ok. Felt the questions could have been worded more clearly.

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8/7/14 by swetha.s

Content was ok. Felt the questions could have been worded more clearly.

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7/30/14 by allemoreno22

I did not think the book was very helpful, but it is an interesting course.

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7/30/14 by allemoreno22

I did not think the book was very helpful, but it is an interesting course.

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7/28/14 by jgilmore11

I thought it was a very good course. Being able to work at your own pace made this a flexible painless process.

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7/28/14 by wong.cst

Introduction to macroecon

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7/28/14 by jgilmore11

I thought it was a very good course. Being able to work at your own pace made this a flexible painless process.

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7/28/14 by wong.cst

Introduction to macroecon

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7/26/14 by akilgore10

It was very challenging.

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7/26/14 by akilgore10

It was very challenging.

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7/24/14 by dsykes

Warning! This is

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7/24/14 by dsykes

Warning! This is

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7/21/14 by arielwil

powerpoint presentations are not as helpful with the final exam as the book is. Book is required for course, and extremely helpful.

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7/21/14 by arielwil

powerpoint presentations are not as helpful with the final exam as the book is. Book is required for course, and extremely helpful.

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7/19/14 by paulav

great

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7/19/14 by paulav

great

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7/18/14 by abdullah.a

Excellent in helping remember key terms.

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7/18/14 by abdullah.a

Excellent in helping remember key terms.

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7/14/14 by j.addisonpe

It can be very dry, but it's a relatively easy and informative class on the economy as a whole. Good for an elective.

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7/14/14 by j.addisonpe

It can be very dry, but it's a relatively easy and informative class on the economy as a whole. Good for an elective.

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7/13/14 by christine92365

Course was well presented. Average level of difficulty.

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7/13/14 by christine92365

Course was well presented. Average level of difficulty.

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7/3/14 by rnajlinder

This is a hard course to do well in 30 days. I was stressed and cried like everyday and I am normally a superb students. If you think you have what it takes, think again and then go for it. Really it was to learn the material, I just wish there were video lessons or something instead of the slide show. It's challenging material and not easy to do alone.

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7/3/14 by rnajlinder

This is a hard course to do well in 30 days. I was stressed and cried like everyday and I am normally a superb students. If you think you have what it takes, think again and then go for it. Really it was to learn the material, I just wish there were video lessons or something instead of the slide show. It's challenging material and not easy to do alone.

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7/1/14 by thenoah7

It was good, I might take another in the future but I haven't decided yet.

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7/1/14 by thenoah7

It was good, I might take another in the future but I haven't decided yet.

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6/28/14 by jon-jonas507

I thought it was OK.

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6/28/14 by jon-jonas507

I thought it was OK.

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6/24/14 by bdyson

Easy to follow along with book.

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6/24/14 by bdyson

Easy to follow along with book.

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6/23/14 by hungpham_223

Great content

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6/23/14 by hungpham_223

Great content

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6/22/14 by ashleyjr

It was very straight forward and to the point.

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6/22/14 by ashleyjr

It was very straight forward and to the point.

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6/11/14 by wwgu44

It covers all basic topics.

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6/11/14 by wwgu44

It covers all basic topics.

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6/9/14 by stephanie.d

I think this course was more difficult than I expected. It was challenging for me because I learn better when someone actually explains things to me. It is difficult to learn by just reading a chapter then taking the test.

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6/9/14 by stephanie.d

I think this course was more difficult than I expected. It was challenging for me because I learn better when someone actually explains things to me. It is difficult to learn by just reading a chapter then taking the test.

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6/1/14 by jjenna0419

I didn't like how long the course was and how most of the information from the videos didn't really help me in the exams.

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6/1/14 by jjenna0419

I didn't like how long the course was and how most of the information from the videos didn't really help me in the exams.

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9/5/13 by scqb3

Extremely long and a lot of material.

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9/4/13 by chandriekam

The book recommended was outdated compared to the coursework and quiz.

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8/27/13 by carlsons

First course I have taken. A good hint is to take notes as you go along and review everyday to keep pace.

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8/20/13 by ecapponi

Interesting course. Very informative.

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8/17/13 by carlsons

excellent course! it was fun and easy

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8/15/13 by kelsey.merwick

I thought the class was pretty dry. You just has to read the book and then take a quiz.

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8/14/13 by misterlearn

A good generic economics course. Easy, not intellectually challenging. The best help I can give other students is this: Chapters 1-5 and 18-19 of the Macroeconomics textbook are identical to chapters 1-5 and 23-24 in the Microeconomics book. A big time saver if you know that.

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8/14/13 by haleydchastain96

Very helpful when you have a busy schedule and have to fit in course work whenever is convenient. There are no due dates, therefore you get it done at whatever pace is comfortable for you, and no points are taken off.

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8/8/13 by charlotte.hermanto

The slides were not always in line with the chapters. It makes it difficult to fully understand the topic. I would have preferred that the slides reaffirmed the chapter. At times the topic that was covered on the slides were not covered until 2-3 chapters after.

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8/8/13 by erikdbennett

Study guide is very helpful. Also, would consider using tutoring if I did it again.

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8/3/13 by gregashton90

This course was great! The course modules were easy to navigate. The chapter reviews were very comprehensive and the practice exercises were very helpful with studying for the exams.

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8/2/13 by thirty8ginger

It was what I needed

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7/31/13 by saman_hotboy2000

some questions have problem to show some symbol like (-) and students should guess by themselves. Also I found some similar answer choices.

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7/27/13 by snyder.90

I took this course as a senior with it being a sophomore level class i found it extremely easy and didnt have to waste a ton of money at my university to take it.

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7/23/13 by t_pragya

Presentations are consice and clear. Practise tests helped and so did Graded Exams.

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7/18/13 by mcatic

very hard classes without a book

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7/12/13 by Alen.cileli

A

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7/11/13 by kadam.pournima

Course contents are substantial and so it covers macroeconomics very well.

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7/9/13 by Mad_Hatter601

It has a good setup that makes it easy to follow and understand the assignments, However, some of the testing material isn't even covered in the powerpoints so I had to do more reading with the book. Definitely suggest people to get the book.

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7/8/13 by moses.mj

It was fine.

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7/7/13 by dionneobannon

I just wish there were more study materials included on the website with the chapter. Also, quizzes weren't similar to the exam for each chapter.

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7/1/13 by Gil.Lee

I thought the course was very good. I did not see the online lectures. Instead, I just used the text book. I was an economics major in college, so I had some background on the material.

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7/1/13 by patrick.t.dwyer

great class and allowed me to go at my own pace

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5/31/13 by christi.mc47

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5/30/13 by cadia96

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5/29/13 by sarita900

I really like it.

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5/29/13 by jstapel

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5/26/13 by bhavyabhatia

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5/21/13 by motesc

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5/16/13 by momtandy6

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5/14/13 by ch20116

Can provide more lesson and info on the slide, so that there are less dependent on the textbook, this is what we called online study.

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5/7/13 by aptlcpo

Great easy to follow

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5/1/13 by jbwerner51

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5/1/13 by jbwerner51

Great pace

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4/29/13 by gjranaweera

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3/13/13 by agangaram1990

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2/4/13 by emily

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2/3/13 by griff.powerhouse

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1/28/13 by nwilkening

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1/12/13 by ephillips

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1/12/13 by frances.coutermarsh

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1/2/13 by alawson

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12/28/12 by klawson007

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12/9/12 by christilsnyder

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12/8/12 by kishanswami07

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12/1/12 by cchapbay

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11/29/12 by ryanaschwab

Each section had video which when combined with the reading made learning a great experience.

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11/28/12 by inaam_64

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11/28/12 by inaam_64

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11/23/12 by cwilson0255

easy to understand what i needed to get done and how.

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11/23/12 by ryanaschwab

Each section had video which when combined with the reading made learning a great experience.

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11/23/12 by jonschwan

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11/23/12 by jonschwan

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11/21/12 by jack.jones65

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11/21/12 by jack.jones65

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11/10/12 by cwilson0255

easy to understand what i needed to get done and how.

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11/9/12 by Mistrey00

I enjoyed being able to go at my own pace.

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11/8/12 by nduarte

I enjoyed being able to read the textbook and take the exam. The exam was taken from text in the book and not random things not covered.

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11/8/12 by edog18483

I enjoyed being able to take the classes at my own pace, as that usually helps me.

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11/5/12 by alawson

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11/5/12 by alawson

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11/3/12 by coloredcadence

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11/3/12 by coloredcadence

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10/20/12 by michaelnojlander

I like that I could study at my own pace.

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10/7/12 by Mistrey00

I enjoyed being able to go at my own pace.

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10/6/12 by nduarte

I enjoyed being able to read the textbook and take the exam. The exam was taken from text in the book and not random things not covered.

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10/5/12 by edog18483

I enjoyed being able to take the classes at my own pace, as that usually helps me.

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9/27/12 by schulmansm

I liked everything!!

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9/20/12 by Ericlevine13

I liked how accessible the whole course was

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9/8/12 by jeffrey.bergman

I liked that I could access the course 24/7 and work at my own pace.

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8/31/12 by secuoya14

I liked that I could move through the course at my own pace.

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8/29/12 by pccook6

I liked that I could work at my own pace. Life can get pretty hectic at times.

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8/25/12 by shalini1

I liked that it was a short duration course

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8/22/12 by michaelnojlander

I like that I could study at my own pace.

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8/17/12 by Burtsc

I liked that it was self paced

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8/16/12 by haroldrenner

I liked that it was self paced

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8/16/12 by nduarte

I liked that it was self paced

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8/9/12 by morningstar

I liked that the course allowed me to go at my own pace and advance with the time that I had available.

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8/2/12 by jeffrey.bergman

I liked that you can complete the course on your own time and convenience.

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7/30/12 by david

I liked that you could learn at your own pace.

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7/23/12 by jeffrey.barber

I liked the ability to skim the practice exams to see if I knew or recognized the material.

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7/15/12 by leevender

I liked the Chapter by chapter exams

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7/2/12 by shwetasinghkirti

I liked the exams

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6/27/12 by schulmansm

I liked everything!!

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6/20/12 by AdamDitillo

I liked the freedom to go at my own pace. No schedules, teachers, or other students to slow me down.

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6/17/12 by senthilnathana

I liked the graded exam because it is instantaneous and don't have to wait

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6/12/12 by k1w169

I liked the in-depth examples and explanations.

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6/11/12 by Ericlevine13

I liked how accessible the whole course was

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6/6/12 by mrjuggles12345

I liked the lectures (lesson presentation)

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5/18/12 by nicollettemaunganidze

I liked the Practice exercises and Review activities, they helped me retain information

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5/14/12 by jeffrey.bergman

I liked that I could access the course 24/7 and work at my own pace.

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5/7/12 by nicollettemaunganidze

I liked the review exercises and practice exercises because they helped me retain information. The in-lesson review sections were helpful as well.

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5/3/12 by sharjeelmkhan

I liked the short chapters in the book because it helped in covering a large amount of information by breaking it up into pieces.

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4/27/12 by anneh190

I liked the two practice quizzes, the summary.

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4/26/12 by secuoya14

I liked that I could move through the course at my own pace.

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4/19/12 by pccook6

I liked that I could work at my own pace. Life can get pretty hectic at times.

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4/15/12 by desireeandtravis

I liked working at your own pace.

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4/10/12 by shalini1

I liked that it was a short duration course

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4/9/12 by melissa.adolph

I love working at my own pace, when I want and as short or as long as I can.

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4/9/12 by TYESCRAZYGIRL

I loved that the course had real-life questions. With the textbook it made it easy to study and apply the methods to real-life problems. With alot of the questions since they could get a bit boring I would replace them with things I really liked ie fashion etc. This helped me to learn and apply the methods.

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3/28/12 by prodriguez0427

I really like that I could work at my own pace. I did not have to oblige to a certain schedule that would place stress on the other things going on in my life.

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3/25/12 by danielisinkorea

I really liked the book.

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3/23/12 by Kshutt1985

I think straighter line is great. It thoroughly covered each topic with a reasonable amount of questions. I like the course by course format. It's very doable. It's very nice that you can have access to a tutor. Overall very time and cost efficient. I will be back for more courses in the future. Thank you for a very good experience.

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3/22/12 by Burtsc

I liked that it was self paced

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3/21/12 by haroldrenner

I liked that it was self paced

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3/20/12 by nduarte

I liked that it was self paced

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3/13/12 by hcarrese

I'm interested in economics principally for the practical applications--so the chapters on international trade, public and private debt, cost-push and demand-pull inflation, unemployment, etc. were particularly interesting. The (often funny) musings of economists in the Last Word sections also served to make the course more applicable to real-world situations.

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3/12/12 by EWalls

Independent study

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3/5/12 by kimagure

It was easy to navigate, and it was hard in the beginning to get used to.

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3/5/12 by morningstar

I liked that the course allowed me to go at my own pace and advance with the time that I had available.

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2/19/12 by lilgrazie

-Self Paced
-Ability to do it from own home.
-Cheaper then then other alternatives

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2/16/12 by brentbastian

sooooooo glad I never have to take another Economics class...this stuff is very tough.

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2/16/12 by jeffrey.bergman

I liked that you can complete the course on your own time and convenience.

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2/15/12 by jaceehuynh

The 10 question practice quiz and chapter quizes in the study guide were most helpful, as they forced me to go back and review the chapters and looking for the answers, I was able to understand the topic more. This helped w/ the end of chapter exams.

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2/13/12 by mitchelljordan16

The amount of time given for a test was challenging but not stressful.

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2/9/12 by david

I liked that you could learn at your own pace.

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2/8/12 by j9greiner

The combination of online lessons and text readings worked well together.

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1/31/12 by Damian.k.baker

The course was very detailed and I am walking away with quite a bit of knowledge concerning macro.

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1/24/12 by jeffrey.barber

I liked the ability to skim the practice exams to see if I knew or recognized the material.

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1/18/12 by rb9

THe little games, games just give me a better understanding

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1/17/12 by mikeniday

The midterm and final were not overly difficult.
Joseph was an invaluable help.

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1/7/12 by newsjunkie2008

The review presentations were very helpful.

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1/6/12 by leevender

I liked the Chapter by chapter exams

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1/1/12 by khdevine

The textbook usually presented material in a consistent, logical way, and the textbook study guide was helpful in working through concepts.

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12/24/11 by eletharthur

To my surprise, I actually enjoyed a subject I had previously had little interest in. The course material was challenging, but with few exceptions, doable. Those few exception were for the most part simply due to my mathematical shortcomings, more than the material itself. Even those, however, with more review of the study material and refiguring my missed answers after the test, I was able to understand. The material built on itself, and I was able to both grasp more and score higher on the exams as the course went along. Overall, a much more enjoyable experience than I had expected and everyone has been very helpful.

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12/23/11 by eve6msf

Very good presentations

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12/22/11 by kylehausam

Very informative! I learned a lot of things but also remembered a lot too. I will be taking more courses. the key is to study the required book way before you plan to take the course. That way if you need something you know where to find it. I Love SL. Now lets just hope my school accepts your courses.

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12/5/11 by shwetasinghkirti

I liked the exams

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11/7/11 by AdamDitillo

I liked the freedom to go at my own pace. No schedules, teachers, or other students to slow me down.

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10/31/11 by senthilnathana

I liked the graded exam because it is instantaneous and don't have to wait

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10/20/11 by k1w169

I liked the in-depth examples and explanations.

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10/5/11 by mrjuggles12345

I liked the lectures (lesson presentation)

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8/22/11 by nicollettemaunganidze

I liked the Practice exercises and Review activities, they helped me retain information

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8/3/11 by katerinalovtchinova

 

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7/27/11 by chevonehall

 

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7/27/11 by nicollettemaunganidze

I liked the review exercises and practice exercises because they helped me retain information. The in-lesson review sections were helpful as well.

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7/17/11 by sharjeelmkhan

I liked the short chapters in the book because it helped in covering a large amount of information by breaking it up into pieces.

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7/4/11 by anonymous

 

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7/2/11 by anneh190

I liked the two practice quizzes, the summary.

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6/3/11 by desireeandtravis

I liked working at your own pace.

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5/22/11 by melissa.adolph

I love working at my own pace, when I want and as short or as long as I can.

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5/20/11 by TYESCRAZYGIRL

I loved that the course had real-life questions. With the textbook it made it easy to study and apply the methods to real-life problems. With alot of the questions since they could get a bit boring I would replace them with things I really liked ie fashion etc. This helped me to learn and apply the methods.

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4/23/11 by prodriguez0427

I really like that I could work at my own pace. I did not have to oblige to a certain schedule that would place stress on the other things going on in my life.

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4/16/11 by danielisinkorea

I really liked the book.

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4/10/11 by Kshutt1985

I think straighter line is great. It thoroughly covered each topic with a reasonable amount of questions. I like the course by course format. It's very doable. It's very nice that you can have access to a tutor. Overall very time and cost efficient. I will be back for more courses in the future. Thank you for a very good experience.

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3/18/11 by hcarrese

I'm interested in economics principally for the practical applications--so the chapters on international trade, public and private debt, cost-push and demand-pull inflation, unemployment, etc. were particularly interesting. The (often funny) musings of economists in the Last Word sections also served to make the course more applicable to real-world situations.

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3/15/11 by EWalls

Independent study

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2/27/11 by kimagure

It was easy to navigate, and it was hard in the beginning to get used to.

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1/22/11 by lilgrazie

-Self Paced
-Ability to do it from own home.
-Cheaper then then other alternatives

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1/17/11 by brentbastian

sooooooo glad I never have to take another Economics class...this stuff is very tough.

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1/13/11 by jaceehuynh

The 10 question practice quiz and chapter quizes in the study guide were most helpful, as they forced me to go back and review the chapters and looking for the answers, I was able to understand the topic more. This helped w/ the end of chapter exams.

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1/10/11 by mitchelljordan16

The amount of time given for a test was challenging but not stressful.

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12/28/10 by j9greiner

The combination of online lessons and text readings worked well together.

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12/10/10 by Damian.k.baker

The course was very detailed and I am walking away with quite a bit of knowledge concerning macro.

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11/8/10 by rb9

THe little games, games just give me a better understanding

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11/5/10 by mikeniday

The midterm and final were not overly difficult.
Joseph was an invaluable help.

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10/13/10 by newsjunkie2008

The review presentations were very helpful.

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9/30/10 by khdevine

The textbook usually presented material in a consistent, logical way, and the textbook study guide was helpful in working through concepts.

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9/10/10 by eletharthur

To my surprise, I actually enjoyed a subject I had previously had little interest in. The course material was challenging, but with few exceptions, doable. Those few exception were for the most part simply due to my mathematical shortcomings, more than the material itself. Even those, however, with more review of the study material and refiguring my missed answers after the test, I was able to understand. The material built on itself, and I was able to both grasp more and score higher on the exams as the course went along. Overall, a much more enjoyable experience than I had expected and everyone has been very helpful.

Content Rating
Overall Rating
9/7/10 by eve6msf

Very good presentations

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9/5/10 by kylehausam

Very informative! I learned a lot of things but also remembered a lot too. I will be taking more courses. the key is to study the required book way before you plan to take the course. That way if you need something you know where to find it. I Love SL. Now lets just hope my school accepts your courses.

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10/8/09 by katerinalovtchinova

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Course Objectives

After completing this course, students will be able to:

  • Identify and apply relevant terminology and concepts to economic issues and problems.
  • Compare and contrast the market system of economics with other systems.
  • Analyze and synthesize the public and private sectors of the U.S. economy.
  • Explain and synthesize the components of the National Income and Product Accounts.
  • Describe the macroeconomic goals and problems.
  • Analyze and synthesize short-run and long-run models of macroeconomic activity.
  • Analyze government macroeconomic policy tools, and explain how they are used to stabilize the macroeconomy.
  • Compare and contrast various macroeconomic theories.
  • Analyze and synthesize international economic activity, and use the results to predict the impact on U.S. macroeconomic activity.

Topic Lesson Topic Subtopics Objectives
1 Bases of Macroeconomics
  • The Economic Perspective
  • Theories, Principles, and Models
  • Macroeconomics and Microeconomics
  • Measuring Costs and Benefits
  • Graphs
  • Identify and describe three interrelated features of how economists think about the world.
  • Define opportunity cost and provide an example.
  • Explain the usefulness of the Scarcity Principle in economics analysis.
  • State the difference between Macroeconomics and Microeconomics.
  • Explain the difference between positive and normative economics.
  • Explain the difference between measuring costs and benefits as proportions versus absolute dollar amounts.
  • Represent a relationship between two variables with a graph.
2 The U.S. Economy
  • Trade Specialization and Comparative Advantage
  • The Foreign Exchange Market
  • Government and Trade
  • Trade Organizations and Agreements
  • Trade Barriers
  • The Case for Protection
  • Production Possibilities Curve
  • Analyze the economic flows that link the U.S. and the economies of other nations.
  • Define comparative advantage and use a table to illustrate the concept.
  • Describe the gains from specialization and comparative advantage.
  • Use a demand and supply model to show how exchange rates are determined.
  • Use a demand and supply model to illustrate currency appreciation and depreciations.
  • Compare and contrast the notable trade agreements.
  • Analyze global competition.
  • Delineate a case for free trade.
  • Analyze the economic impact of trade barriers.
  • Explain the message of the basic production possibilities curve.
3 Basics of Supply and Demand
  • Economic Systems
  • Characteristics of the Market System
  • Markets
  • Demand
  • Supply
  • Market Equilibrium
  • Identify two major economic systems.
  • Identify and explain the characteristics of the market system.
  • Describe markets and their function.
  • Explain the relationship between price and quantity demanded.
  • Identify the determinants of demand.
  • Explain and graphically illustrate the difference between a change in quantity demanded and a change in demand.
  • Identify the determinants of supply.
  • Explain and graphically illustrate the difference between a change in quantity supplied and a change in supply.
  • Explain and graphically illustrate market equilibrium.
  • Explain the Efficiency Principle.
  • Apply demand and supply analysis to real-world issues and problems.
4 Measuring Economic Outcomes
  • Gross Domestic Product
  • The Expenditures Approach to Calculating GDP
  • The Income Approach to Calculating GDP
  • Nominal GDP versus Real GDP
  • Shortcomings of GDP
  • Define Gross Domestic Product.
  • Analyze the expenditures view of GDP.
  • Analyze the income view of GDP.
  • Use the expenditures approach to calculate GDP.
  • Use the income approach to calculate GDP.
  • Explain the difference between Nominal GDP and Real GDP.
  • State the shortcomings of GDP as a measure of national well being.
5 Inflation
  • Inflation
  • The Consumer Price Index
  • Interest Rates
  • Redistribution
  • The Fisher Effect
  • Define inflation.
  • Analyze the Consumer Price Index.
  • Identify the different types of inflation.
  • Explain how someone benefits from inflation and how someone loses from inflation.
  • Analyze the relationship between inflation and interest rates.
  • Define the Fisher Effect and its outcomes.
6 Unemployment and Employment
  • Unemployments
  • The Labor Market
  • Define unemployment.
  • Calculate an unemployment rate using real-world data.
  • Apply the supply and demand model to understand the labor market and its trend.
7 Economic Growth
  • Economic Growth
  • Ingredients of Growth
  • Production Possibilities Analysis
  • Accounting for Growth
  • Is Growth Desirable and Sustainable?
  • Define economic growth.
  • Identify the main ingredients of economic growth.
  • Analyze economic growth using the production possibilities curve.
  • Present an accounting for economic growth.
  • Explain the relationship between accelerating productivity and economic growth.
  • Present an argument in favor of economic growth.
  • Present an argument against economic growth.
8 Saving, Capital Formation and Financial Markets
  • The Income-Consumption Relationship
  • The Income-Saving Relationship
  • The Interest Rate-Investment Relationship
  • Explain the relationship between income and consumption.
  • Explain the relationship between income and saving.
  • Identify the non-income determinants of consumption.
  • Explain the relationship between the interest rate and investment.
  • Define crowding out and state its impact on expansionary fiscal policy.
  • Analyse the ownership of public debt.
9 Interest Rates and Monetary Policy
  • The Functions of Money
  • The Components of Money Supply
  • The Fractional Reserve System
  • Identify the functions of money.
  • Define the M1 and M2 measures of money.
  • Outline the structure of the Federal Reserve System.
  • Describe the district Federal Reserve Banks.
  • Identify the functions of the Federal Reserve System.
  • Describe the characteristics of Fractional Reserve Banking.
  • Explain and illustrate, with a simple balance sheet, how a bank creates money.
10 The Business Cycle
  • The Business Cycle
  • Fluctuations
  • The Output Gap
  • Unemployment
  • Analyze the business cycle.
  • Explain the main characteristics of recessions and expansions.
  • Analyze the relationship between potential output and actual output.
  • Compare and contrast the natural rate of unemployment and cyclical unemployment.
11 Aggregate Expenditures
  • Equilibrium GDP
  • Changes in Equilibrium GDP
  • Limitations of the Model
  • The Interest Rate-Investments Relationship
  • Built-In Stability
  • Construct the Investment Schedule from the INvestment Demand Curve
  • Determine equilibrium GDP, Output, and Income using tabular data.
  • Define and calculate marginal propensity to consume.
  • Identify the non-income determinants of investment demand.
  • Define and explain the multiplier effect.
  • Calculate the multiplier from hypothetical data.
  • State the importance of automatic stabilizers.
12 Fiscal Policy
  • Interest Rates
  • Tools of Monetary Policy
  • Targeting the Federal Funds Rate
  • Monetary Policy, Real GDP, and the Price Level
  • Monetary Policy: Evaluation and Issues
  • Analyze the demand for money.
  • Use a money demand and supply model to illustrate how the equilibrium interest rate is determined.
  • Explain how the Federal Reserve uses each of its tools to influence the money-creating abilities of the commercial banking system.<
  • Describe the FOMC.
  • Define the federal funds rate.
  • Explain how monetary policy that focuses on targeting the federal funds rate works.
  • Using a cause-effect chain, show how monetary policy impacts the economy at large.
  • Analyze problems and complications associated with monetary policy.
  • Identify the monetary multiplier.
13 Aggregate Demand and Supply
  • The Aggregate Demand-Aggregate Supply Model
  • Aggregate Demand
  • Changes in Aggregate Demand
  • Aggregate Supply
  • Changes in Aggregate Supply
  • Equilibrium and Changes in Equilibrium
  • From Short Run to Long Run
  • Stabilization Policy
  • Define aggregate demand.
  • Define the AD-AS model.
  • Analyze economic growth using the AD-AS model.
  • Explain the inverse relationship between the price level and real GDP.
  • Analyze the causes of change in aggregate demand.
  • Explain the shape of the aggregate supply curve.
  • Analyze the causes of changes in aggregate supply.
  • Compare and contrast short- and long-run equilibrium in the AD-AS model.
  • Apply expansionary and recessionary gaps to the idea of a self-correcting economy.
14 Monetary Policy and the Economy
  • Taxation and Aggregate Supply
  • Stabilization Policy
  • Fiscal Policy
  • Present the argument made by supply-side economists.
  • Explain the relationship between stabilization policy and demand shocks.
  • Explain the relationship between stabilization and demand shocks.
  • Describe the effects fiscal policy can have on both aggregate demand and aggregate supply.
15 Exchange Rates, International Trade and Capital Flows
  • The Economic Basis for Trade
  • Supply and Demand Analysis of Exports and Imports
  • The Balance of Trade
  • The Foreign Exchange Market
  • Flexible Exchange Rates
  • Fixed Exchange Rates
  • International Exchange Rate Systems
  • Recent U.S. Trade Deficits
  • Present the economic basis for trade.
  • Use a demand and supply diagram to show that as world prices increase relative to domestic prices, U.S. exports rise.
  • Use a demand and supply diagram to show that as world prices decrease relative to domestic prices, U.S. imports rise.
  • Explain the Balance of Trade in terms of each of its accounts.
  • Analyze global competition.
  • Analyze the offsetting transactions that cause the Balance of Trade to always sum to zero.
  • Use demand and supply diagrams to illustrate currency appreciation and depreciation.
  • Use a demand and supply model to show how exchange rates are determined.
  • List the determinants of exchange rates.
  • State the case for flexible exchange rates and potential problems with this case.
  • State the case for fixed exchange rates and potential problems with this case.
  • Compare and contrast the various international exchange systems.
  • Analyze recent U.S. trade deficits.
20 Review
  • Macroeconomics Concepts
  • Economic Decision Makers
  • Supply and Demand
  • Economic Outcomes
  • Measuring Economic Outcomes
  • The Business Cycle
  • Growth and Unemployment
  • Inflation
  • Inflation and Unemployment
  • Aggregate Expenditures
  • Aggregate Supply and Demand
  • Fiscal Policy
  • Monetary and Financial Institutions
  • Monetary Policy and the Federal Reserve
  • Deficits and Surpluses
  • National Debt
None

There are no prerequisites to take Macroeconomics.

The required eTextbook for this course is included with your course purchase at no additional cost. More information on StraighterLine eTextbooks

Prefer the hard copy? Simply purchase from your favorite textbook retailer; you will still get the eTextbook for free.

This course does not require a text.

StraighterLine provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.

If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.

There are a total of 1000 points in this course.


Final Proctored Exam

The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.

Learn more about Proctored Exams

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