This course is a continuation of ECO 401 and is designed to provide students further understanding of market process economics. Students will learn about the concept of productive activity, the productive role of businessmen and capitalists, money and spending, productionism and unemployment, the productivity theory of wages, alternative approaches to aggregate economic accounting, the role of saving in spending, Keynesian economics, and inflation.
- Explain the productive role of businessmen and capitalists.
- Discriminate between economically consumptive and productive activities.
- Evaluate the role of money in an economy.
- Explain the causes and consequences of unemployment.
- Determine what increases and decreases the productivity of labor.
- Distinguish between different methods of aggregate economic accounting.
- Evaluate the basic components of Keynesian economics.
- Demonstrate knowledge of the causes and effects of inflation.
- Demonstrate the ability to use online resources to research and prepare written and oral assignments.
Why Choose National University?
We’re proud to be a veteran-founded, San Diego-based nonprofit. Since 1971, our mission has been to provide accessible, achievable higher education to adult learners. Today, we educate students from across the U.S. and around the globe, with over 175,000 alumni worldwide.
Focus on one subject at a time — one month at a time — and finish your degree faster.
75+ Degree Programs
Choose from associate, bachelor’s, and master’s degrees, plus credentials and certificates.
On Campus or Online
Study when and where it’s convenient for you with evening, weekend, and 100% online classes.
Apply or transfer any time. Classes start monthly, and applications are accepted year round.
20+ Campus Locations
Attend class onsite at one of over 20 campus locations across California or in Nevada.
As a Yellow Ribbon school, we offer tuition discounts to servicemembers and dependents.