ECON 1011: Introduction to Macroeconomics (NEW)
Introduction to Macroeconomics Course Overview
- ECON 1011 is a three-credit introductory macroeconomics course that introduces students to macroeconomics, the study of the economy as a whole. Students will learn about the key macroeconomic indicators of GDP, unemployment, and inflation, then apply these concepts to analyze economic behavior. The topics covered in this course include choice and scarcity; supply and demand, and its applications; GDP and economic growth; unemployment and inflation; the aggregate demand-aggregate supply model; Keynesian economics and neoclassical economics; fiscal policy; money and banking; monetary policy; policy applications; globalization and trade; exchange rates and international finance; and Inequality, Poverty and Discrimination.
*This course is considered an upper-level undergraduate course (300 level or above).
Introduction to Microeconomics Course Outcomes
- Explain the role of scarcity, specialization, opportunity costs in economic decision-making.
- Identify the determinants of supply and demand and demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and quantity.
- Use employment and national income statistics to describe and analyze the economy in quantitative terms.
- Define money and money supply; describe the process of money creation by the banking system, and analyze the role of money, credit, and Federal Reserve.
- Identify the phases of the business cycles and the problems caused by cyclical fluctuations in the market economy.
- Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems.
- Apply the principle of comparative advantage to international trade and evaluate the impact of exchange rates to domestic economic activity.
- Analyze fiscal and monetary policy decisions to counter business cycles fluctuations by using macroeconomic models.
- Define economic growth and identify sources of economic growth.
Introduction to Macroeconomics Course Prerequisites
- One semester of college-level microeconomics (ECON 1010)
* Please note these prerequisites are highly suggested and support course preparedness and success. We recommend having completed the listed prerequisites before enrolling and within the past seven years.
How do exams work?
All exams are taken online. Major exams are required to be proctored online through ProctorU. For instructions on how to take your exams online, visit UNE Online’s ProctorU site. Please note exams must also be proctored with the UNE-approved external webcam.
How do labs work?
ECON 1011 is a lecture-only course. We do not offer an associated lab component for this course.
Tuition & Fees
ECON 1011: Lecture
- Credits: 3
- Tuition: $1,140
- Registration: $30
- Total: $1,170 (Total payment is due in full at the time of registration)
*The cost of the materials is not included in this total
Required course materials
- Mandatory External Webcam and Whiteboard for Proctored Exams
- All materials are Open Educational Resources (OERS) which are available within the course. There is no course material cost.
- Lab Materials:
- ECON 1011 is a lecture-only course. We do not offer a lab component and therefore no lab materials are needing to be purchased.
As a Reminder
Complete at Your Own Pace within 16 weeks
24/7 Online Registration
Courses Typically Begin Every Two to Three Weeks
Working at the pace typical for a four-semester hour course, the average student will complete this online course in approximately 16 weeks. Many students have elected an online course for the sake of flexibility. Since the course is self-paced, you may be able to complete the course in less than 16 weeks.
You may enroll for a course at any time through our self-service registration portal. Payment is needed in full at the time of registration.
You must be registered for your class by 12:00 noon EST the Monday before the class starts. Your official start date is the date that the course opens and you will have 16 weeks from that date to complete your course.
Your Dedicated Student Service Advisor
If you have any questions about registration, the coursework or course requirements, please reach out to one of our student service advisors at the email or phone number below.
If you intend to use VA Benefits or Military Tuition Assistance, please do not use the self-registration portal. Please call (855) 325-0894 to be directed to the appropriate office for assistance or view our Veteran Benefits page for more info.