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Oklahoma State University
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Our courses are approved by the American Council on Education (ACE) — the same body that approves AP and IB — and are accepted for credit by thousands of universities, including yours.
Our courses are approved by the American Council on Education (ACE) — the same body that approves AP and IB — and are accepted for credit by thousands of universities, including yours.
Jump into a new course, pick up where you left off, check scores, generate transcripts and much more.
Learning Outcomes
Macroeconomics
Upon successful completion of the course, students will be able to: acquire and articulate a comprehensive understanding of macroeconomic principles and theories, emphasizing their relevance in contemporary economic scenarios; apply key economic concepts such as opportunity cost, supply and demand, and equilibrium to practical and global economic situations, including international trade and specialization; analyze and evaluate economic shocks and their consequences, utilizing economic data and indicators to assess and predict economic trends; understand and critically assess the role of government policies and macroeconomic policies in shaping economic outcomes and their societal impacts; develop and demonstrate strong problem-solving and critical-thinking skills in economic analysis, communicating complex economic concepts effectively; prepare for advanced studies or careers in economics and related fields, applying economic reasoning to both global economic issues and personal financial decision-making; and engage in informed discussions on macroeconomic issues, recognizing and addressing global economic challenges with a well-rounded macroeconomic perspective.
Major Course Topics
Major topics include economic scarcity, choice, and opportunity cost; comparative advantage: definition and examples; market demand schedule; circular flow of economic activity: the flow of goods, services, and resources; consumer price index: measuring the cost of living and inflation; defining and measuring the unemployment rate; the Keynesian model and the classical model of the economy; and real output, price level, and the real gross domestic product.