Aug 06, 2026  
2026-2027 DCTC Catalog 
  
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2026-2027 DCTC Catalog

ECON 1200 - Principles of Macroeconomics


3 Credits
This course analyzes the interactions between all segments of the economic system. The course will focus on savings and investment, aggregate supply and aggregate demand, the monetary system, unemployment and inflation, and fiscal policy. Additional topics may include the balance of payments and currency exchange rates determination.Meets MnTC Goal 5

Learning Outcomes
Identify the functions of money.

Describe how the consumer price index (CPI) and the inflation rate are computed.

Explain how equilibrium interest rate is achieved in the money market.

Observe the four phases of the business cycle and business cycle indicators.

Recognize the components of GDP.

Express economics as the study of scarcity and decision making.

Demonstrate the relationship among quantity demanded, quantity supplied, and equilibrium.

Minnesota Transfer Curriculum (MNTC) Goals
05 - Hist/Soc/Behav Sci