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Econ 102 Complete Course (American Public University)

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ECON 102 Complete Course (American Public University)

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8 – Week Course Outline Please see theStudent Handbook to reference the University’sgrading scale.
Table of Contents
Week Topic(s) Learning Objective(s) Reading(s) Assignment(s)
1
Introduction to Macroeconomics • LO 1: Describe the characteristics of demand and supply, and apply the demand and supply model.
• LO 2: Define real gross domestic product and identify the phases of a business cycle.
• LO 3: Define inflation and deflation, and explain how each affects the price and economic growth of an economy.
• LO 4: Articulate why the price-level changes and how it can affect economic stability.
• LO 5: Explain how unemployment is calculated and measured in the United States.
• LO 6: Demonstrate an understanding of the role of the government in the economy.
• LO 7: Identify the components of the macroeconomy and relate them to the circular flow diagram. Describe the characteristics of demand and supply, and apply the demand and supply model. Unit 1 http://www.saylor.org/courses/econ102/ DQ1: Self Introduction and Understanding Plagiarism. DQ2: The three primary concerns in macroeconomic analysis. Please submit your responses to DQ1 and DQ2 to the Forum Section. 2 Measuring Aggregate Output • LO 8: Describe the measurement of GDP using the expenditure approach and the income approach.
• LO 9: Explain the other measures of output and income and learn their distinction from one another.
• LO 10: Distinguish between the real and nominal values.
• LO 11: Analyze the problems associated with using GDP as a measure of

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