3.1: Introduction

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Module 1 – What is Macroeconomics?

Module Introduction

In this module, you will learn important definitions and concepts in Economics. We will discuss how people make rational choices and explain the economic way of thinking. Several economic trends and economic problems to be discussed throughout the course, include:

self-interest vs. social interest
globalization, job outsourcing and multinational corporations
information age
business cycles and economic recessions
economic growth
unemployment
inflation
climate change and wasting the planet’s resources
growing government budget deficit and debt

Last, we briefly review the use of graphs, mathematics and geometry used in the course. ⁽¹⁾

Learning Objectives

Define Economics concepts.
Explain economic models.
Discuss how economic concepts and models can be applied to real-world situations.
Recognize the use of graphs in Economics.
Review basic graphing skills ⁽¹⁾

Reading

Learning Unit

Authored by: Florida State College at Jacksonville. License: CC BY: Attribution