1 Saint Leo University ECO 201 Principles of Macroeconomics Course Description: An introduction to the study of the determination of income, output, employment, and prices in the U.S. economy. Emphasis on fundamental economic concepts, gross domestic product and its components, monetary and fiscal policy, and contemporary macroeconomic issues. Prerequisite: None Textbooks: The textbook information which appears on our Saint Leo Bookstore ordering site is as follows: Saint Leo University. Economics Today (Custom). ISBN: 9781323789582 Your custom textbook was created from the following National text(s): Economics Today (Complete): Miller, R. L. (2018). Economics today(19th ed.). New York, NY: Pearson Education. ISBN: 9780134478777 Learning Outcomes: 1. Explain the concepts of scarcity, opportunity cost, and the role of incentives in decision making. 2. Explain the primary statistics used to measure income, output, employment, and prices in the aggregate economy. 3. Develop the basic Aggregate Supply/Aggregate Demand (AS/AD) Model. 4. Describe Monetary and Fiscal Policy within the context of the AS/AD model. 5. Relate the concept of deficit to debt by comparing government expenditures to government revenues. 6. Recognize the importance of specialization by comparative advantage in the face of globalization. 7. Distinguish between the balance of trade and the balance of payments. 8. VALUES OUTCOME: Integrate the relevance of Responsible Stewardship in the context of macroeconomic analysis. Core Value: Responsible Stewardship: Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources to university and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo University's mission and goals. Evaluation: Chapter Tests (55%) Homework (10%) Discussion (10%) Writing Assignment (10%) Final Course Assessment (10%) Peregrine Formative Assessment (5%) Tests: 2 The graded chapter tests in this class will occur in Modules 2-8, with practice tests in Module 1. All tests will be completed online, through MyEconLab which is already embedded within D2L. Tests will cover the material in the textbook and AVPs. The online homework assignments should be completed prior to taking the tests, as they will help to better prepare you. There is one test per chapter, regardless of the number of chapters covered per module. Homework: All homework assignments will be completed online, through MyEconLab which is already embedded within D2L. There is one assignment per chapter, regardless of the number of chapters covered per module. You are allowed two attempts per question. Discussion: There will be one required discussion question per module. The discussion questions ask you to apply th ...