Curious - what do micro and macroecon involve?

[BacardiGirl]

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What do micro and macro econ involve as far as classwork/learning? Does it help that I have been working in the financial world for the past 6 years? Are there any recommended courses I take before I jump into econ? Just curious!! 🙂

 

[pharmdman913]

Bacardi here is the course outline for both courses along with a brief explanation of each. Hope this helps:

1) Macro - An introductory course in macroeconomic principles covering basic economic problems and concepts. Topics discussed and analyzed include the role of government in various economic systems, aggregate measures of economic performance, aspects of economic instability, macroequilibrium, fiscal and monetary policies, and the impact of the public debt and international trade. This is a writing credit course. Prerequisite: Completion of prep reading obligation.

http://www.broward.edu/outlines/ECO2013.pdf


2) Micro - An introductory course stressing microeconomic theories. Topics studied include the theory and application of supply and demand elasticity; theory of consumer demand, utility; production and cost theory including law of diminishing returns; the firm's profit-maximizing behaviors under market models ranging from pure competition to pure monopoly; the theory of income distributuion; comparative advantage, trade policies, exchange rates, balance of payments, and other international issues. This is a writing credit course. Prerequisite: Completion of prep reading obligation.

http://www.broward.edu/outlines/ECO2023.pdf

 

[tootoo30]

I will tell you no lie I hated microeconomics, it never really clicked for me probably because I slept through the class LOL!

 

[BacardiGirl]

Bacardi here is the course outline for both courses along with a brief explanation of each. Hope this helps:

1) Macro - An introductory course in macroeconomic principles covering basic economic problems and concepts. Topics discussed and analyzed include the role of government in various economic systems, aggregate measures of economic performance, aspects of economic instability, macroequilibrium, fiscal and monetary policies, and the impact of the public debt and international trade. This is a writing credit course. Prerequisite: Completion of prep reading obligation.

http://www.broward.edu/outlines/ECO2013.pdf


2) Micro - An introductory course stressing microeconomic theories. Topics studied include the theory and application of supply and demand elasticity; theory of consumer demand, utility; production and cost theory including law of diminishing returns; the firm's profit-maximizing behaviors under market models ranging from pure competition to pure monopoly; the theory of income distributuion; comparative advantage, trade policies, exchange rates, balance of payments, and other international issues. This is a writing credit course. Prerequisite: Completion of prep reading obligation.

http://www.broward.edu/outlines/ECO2023.pdf

Hmm..the course description at my school says that plane geometry and advanced algebra are required/recommended before taking the course. That's why I wonder if its a writing/reading course or problem-solving. If its a reading/writing course, I'd be willing to take it sooner than later.

 

[baykillawhale]

Those classes are easy as PIE. I'm eating apple pie right now and its easier than that! I really just learned that you never want to be audited by the IRS and the fed raises/lowers rates. I say that because my prof stressed that twice a week for the entire class lol.


But yeah, its just one of those easy classes that doesn't require much investment of time in order to get a good grade.

 

[^=^]

Hmm..the course description at my school says that plane geometry and advanced algebra are required/recommended before taking the course. That's why I wonder if its a writing/reading course or problem-solving. If its a reading/writing course, I'd be willing to take it sooner than later.

You won't use geometry or algebra in Econ, all of the formulas you need will be given to you. So just ignore the thing about pre-reqs. Overall econ is a pretty interesting subject and it depends on your professor how easy/hard its going to be. The main thing you'll learn is to think critically about everything, or at least that's how I felt. lol.

 

[BacardiGirl]

Might be interesting to learn esp in this day and age and the state of our economy!