Macroeconomics for Business is an overview course that covers how macroeconomics impacts business operations and the strategic management of the organization. An introduction to the principles and tools of macroeconomic analysis is provided. Macroeconomics for Business investigates the main topics of the overall economy including Gross Domestic Product, inflation, unemployment, economic growth, recession, monetary policy and fiscal policy. We use these theories and concepts to examine the role of the government in our economy and how government makes choices.
LO1: Discuss the application of macroeconomic theory to business.
LO2: Define Gross Domestic Product and its impact on business.
LO3: Define economic growth and describe the determinants of economic growth.
LO4: Explain the macroeconomic problems faced by business during resources allocation to satisfy societal wants.
LO5: Examine the economic costs of unemployment and inflation and how it influences business.
LO6: Identify the processes, tools, and limitations of fiscal policy.
LO7: Examine the Federal Reserve to stabilize and grow the economy.
LO8: Examine the impact of international trade on domestic producers.
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