Ferris Course Catalog

Principles of Macroeconomics (ECON 221)

  • College: College of Business
  • Department: Management
  • Credit Hours: 3
  • This course has a lecture with 3 hours.

Scope and meaning of economic principles basic to a free market economy. Equilibrium price formation and the efficiency of resource allocation in a market economy. National income accounting; determination of equilibrium national income, recession, and expansion. Government policy toward economic fluctuation; unemployment and inflation. The role of money and banking in recession and inflation. This course meets General Education requirement: Social Awareness; Social Foundations. Pre-Requisites:MATH 110 with a grade of C- or better or MATH 115, 16, 117, 118, 119, 120, 122, 126 or ACT of 19 or SAT of 460. Typically Offered Fall, Spring, Summer

 

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