ECON2301: Principles Of Macro Economics - Demand And Supply - Inflation - Scarcity - Economics Assignment Help

ECON2301: Principles Of Macro Economics - Demand And Supply - Economics Assignment Help

Assignment Task:

Learning Outcomes:

Upon completion of ECON 2301, the student will be able to:

1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.

2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

3. Define and measure Gross Domestic Product and national income and rates of unemployment and inflation

4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy

5. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.

6. Construct the aggregate demand and aggregate supply model of the macroeconomy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.

7. Explain the mechanics and institutions of international trade and their impact on the macroeconomy.

Objectives

ECON 2301 satisfies the social science requirement in the HCCS core curriculum and addresses the following core objectives which will be evaluated in this course through exams, homework assignments or written work.

1. Critical Thinking Skills (CT): To include creative thinking, innovation, enquiry, and analysis, evaluation and synthesis of information.

2. Communication Skills (COM): To include effective development, interpretation and expression of ideas through written, oral and visual communication.

3. Empirical and Quantitative Skills (EQS): To include the manipulation and analysis of numerical data or observable facts resulting in informed conclusions.

4. Social Responsibility (SR): To include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national and global communities.

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