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Principles of Macroeconomics

Credits:  3 Prerequisite: MATH 1111

Introduces students to concepts that will enable them to understand and analyze economic aggregates and evaluate economic policies.

Students who successfully complete ECON 2105 will be able to:

  • Identify and apply the concepts of supply, demand, and price determination.
  • Recognize and differentiate the impact of public and private sector decisions on the economy.
  • Analyze the components of Gross Domestic Product accounts and discuss their applications to everyday life.
  • Define business cycles, unemployment, and inflation and relate them to the growth of the U.S. economy.
  • Investigate the relationship between productivity and standard living.
  • Study the impact of government spending and tax policies on the rate of economic growth.
  • Identify the functions of the Federal Reserve System and calculate their impact on the nation’s money supply.
  • Relate various macroeconomic theories to “real world” outcomes in our economic life
  • Analyze the impact of different exchange rate systems on the world economy.
  • Analyze the effect of trade deficits on the economy.
  • Understand the workings of our financial system and how managers use the tools of finance to make decisions.
  • Understand the components of aggregate demand and supply and how these concepts can be used to explain growth and recessions.

Course Requirements:

  • Online Quizzes and assignments
  • Basic knowledge of computers and computer applications
  • Proctored Tests –
    Instructor YATES: Proctored Tests – this course requires any make up tests to be proctored. Students may test at Albany State University campuses (East, West or Cordele) or online through Proctor U. Further information regarding proctored tests (including pricing structures for Proctor U) can be found within the course. Proctor U requires a computer (not a mobile device) with a webcam and microphone.
  • Instructor JOHNSON: - Proctored Tests – This course requires 1 proctored tests. Students may test at Albany State University campuses (East, West or Cordele) or online through Proctor U. Further information regarding proctored tests (including pricing structures for Proctor U) can be found within the course. Proctor U requires a computer (not a mobile device) with a webcam and microphone.

Additional Requirements:

Principles of Microeconomics

Credits:  3 Prerequisite: MATH 1111

Introduces students to concepts that will enable them to understand and analyze structure and performance of the market economy. 

Students who successfully complete ECON 2106 will be able to:

  • Identify and apply the concepts of supply, demand, and elasticity.
  • Analyze the government policies of price controls, taxes and their consequences to the firm and consumer.
  • Discuss the intended and unintended results of government policies and the economics of the public sector.
  • Gain knowledge of the economics of labor markets with regard to factors of production; income inequalities and poverty; and the determinants of the supply and demand for various types of labor.
  • Understand the impact of various tax systems on decision making.
  • List the conditions which characterize a competitive market and analyze profit maximization on the competitive firm’s supply curve.
  • Examine the production and pricing decisions of a monopolistically competitive markets and oligopolies.
  • Understand and classify the costs that firms experience when producing goods and services.
  • Understand how the theory of consumer choice explains the decisions consumers make in the everyday lives in terms of price and quality demanded.

Course Requirements:

  • Online Quizzes and assignments
  • Basic knowledge of computers and computer applications

Instructor YATES: Proctored Tests – this course requires any make up tests to be proctored. Students may test at Albany State University campuses (East, West or Cordele) or online through Proctor U. Further information regarding proctored tests (including pricing structures for Proctor U) can be found within the course. Proctor U requires a computer (not a mobile device) with a webcam and microphone.

Instructor JOHNSON: Proctored Tests – This course requires 1 proctored tests. Students may test at Albany State University campuses (East, West or Cordele) or online through Proctor U. Further information regarding proctored tests (including pricing structures for Proctor U) can be found within the course. Proctor U requires a computer (not a mobile device) with a webcam and microphone.

Additional Requirements:

Survey of Economics

Prerequisite: MATH 1001 or higher and satisfactory English scores to place into co-requisite remediation or higher.

Credits: 3

This course focuses on the basic operations of the United States economy and designed for students who desire a one-term course in the principles of microeconomics and macroeconomics, and their applications to real-world economic issues.

Economics and Business Statistics

Prerequisite: MATH 1113, ECON 2105, and ECON 2106

Credits: 3

The application of statistical techniques to economic and business problems. Topics include descriptive statistics, introduction to probability theory, confidence internal estimation and hypothesis testing, sampling techniques, and business forecasting.

Economics for Mangers

This course is an overview of basic economic theory applied to modern business decision making. It will cover major macroeconomics and microeconomic concepts that are important to managers working in the American economy. This course is designed to develop student's understanding of how to efficiently achieve the goals of the firm and their ability to recognize how economic forces affect the organization. Prerequisite: ECON 2105 and ECON 2106 or ECON 5200 Offered: Spring.