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Oct 23, 2026
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ECON 2205 - Principles of Macroeconomics Credits: 3
Catalog Description This course covers the macroeconomy of the United States. Economic theory and policy are covered including fiscal policy, monetary policy and international trade policy.
Recommended Skills, Abilities, or Coursework: Algebra
Minnesota Transfer Curriculum (MnTC) Goal Area(s) fulfilled: Goal 02: Critical Thinking, Goal 05A: History and the Social and Behavioral Sciences
Additional fee to student: No
Learner Outcomes
- Select the best definition of a given economic term, concept, or principle.
- Select the economic term, concept or principle that best fits a given definition.
- Identify or associate terms that have closely related meanings.
- Recall or recognize specific economic rules.
- Apply economic concepts needed to define or solve a particular problem when the concepts are explicitly mentioned.
- Distinguish between correct and incorrect application of economic concepts that are specifically given.
- Distinguish between probable and improbable outcomes of specific economic actions or proposals involving no unstated assumptions or extraneous information.
- Judge the adequacy with which conclusions are supported by data or analysis involving no unstated assumptions or extraneous information.
- Apply economic concepts needed to define or solve a particular problem when the concepts are not explicitly mentioned.
- Distinguish between correct and incorrect application of economic concepts that are not specifically given.
- Distinguish between probable and improbable outcomes of specific economic actions or proposals involving unstated assumptions or extraneous information.
Major Areas of Course Content
- Critical Thinking in the Analysis of Economic Problems
- Measuring Aggregate Economic performance
- GDP Accounting
- Unemployment
- Inflation
- Nominal vs. Real Measurements
- Aggregate Supply
- Productive Resources
- Savings
- Investment
- Productivity
- Aggregate Demand
- Aggregate Expenditure
- Multipliers
- Money
- Monetary Policy
- Velocity
- International Economics
Credit for Prior Learning Options Course-Specific Exam
Credit for Prior Learning Option Procedure(s) Students may submit scores from Test of Understanding of College Economics or CLEP for consideration.
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