{"id":275,"date":"2024-05-30T03:23:07","date_gmt":"2024-05-30T03:23:07","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=275"},"modified":"2024-05-30T03:23:07","modified_gmt":"2024-05-30T03:23:07","slug":"course-objectives","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/course-guide\/course-objectives\/","title":{"rendered":"Course objectives"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Upon successful completion of this course, you will be able to:\n<\/p>\n<ul>\n<li> graphically represent and interpret a short-run aggregate supply curve, and explain why it slopes upward and factors leading to its shift outward or inward;\n<\/li>\n<li> define aggregate demand, and identify the reasons for its negative slope;\n<\/li>\n<li> describe the four phases of a business cycle, including references to income and real output;\n<\/li>\n<li> explain the factors leading to a shift in the consumption function;\n<\/li>\n<li> define short-run equilibrium and long-run equilibrium, and discuss how they differ;\n<\/li>\n<li> graphically represent and interpret a long-run aggregate supply curve, and explain its connection to natural level of unemployment;\n<\/li>\n<li> describe how short-run equilibriums occur above and below the output level associated with the natural rate of unemployment;\n<\/li>\n<li> explain the effect of government spending, taxation, and budget deficits and surpluses on GDP;\n<\/li>\n<li> explain how the various kinds of lags influence the effectiveness of discretionary fiscal policy;\n<\/li>\n<li> explain how discretionary fiscal policy works and influences aggregate demand;\n<\/li>\n<li> identify the major components of US government spending and their sources;\n<\/li>\n<li> define the terms budget surplus, budget deficit, and balanced budget; and\n<\/li>\n<li> explain the difference between a budget deficit and the national debt.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.016 seconds\nReal time usage: 0.018 seconds\nPreprocessor visited node count: 109\/1000000\nPreprocessor generated node count: 827\/1000000\nPost\u2010expand include size: 4169\/2097152 bytes\nTemplate argument size: 2732\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177123-0!*!*!*!*!2!* and timestamp 20240530032307 and revision id 1003899\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/course-guide\/overview\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/course-guide\/syllabus\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/Course_objectives\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"94b8389ba048a3f85c4af0b16b066f97\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/Course_objectives\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"94b8389ba048a3f85c4af0b16b066f97\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>\u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":271,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-275","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=275"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/275\/revisions"}],"predecessor-version":[{"id":276,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/275\/revisions\/276"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/271"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}