Student Learning Outcomes

• Students completing BUSC 1A - Principles of Economics - Macroeconomics will correctly know the use of monetary policy and make comments on the monetary policy being used by the FED.
• Students completing BUSC 1A - Principles of Economics - Macroeconomics will correctly know the use of fiscal policy and will be able to comment on the fiscal policy used by the government.
• Students completing BUSC 1A - Principles of Economics - Macroeconomics will know Fiscal Policy, various types of Fiscal Policies, and the tools available to the federal government to use Fiscal Policy. The students will also know the difference between an expansionary and a contractionary fiscal policy.
• Students completing BUSC 1A - Principles of Economics - Macroeconomics will know the monetary policy and the tools available to the Fed to use a certain type of monetary policy. The students will know the difference between an expansionary monetary policy and a contractionary monetary policy.
• Students completing BUSC 1A - Principles of Economics - Macroeconomics will be able to discuss current fiscal policy of the federal government and will be able to form their opinion.
• The students were asked to write a report on the use of fiscal policy used during Reagan administration. They were asked to discuss the 1981 Economic Recovery Act (ERA) and its effect on the economic activity during that period. More than 80% of the students were able to explain the fiscal policy and 1981 ERA effects on the economy with a clear understanding of the fiscal policy. (2017-18) Students were asked to write a summary report of 1981 Economic Recovery Act and compare it with Tax Reform of 2017. More than 80% of the students were able to highlight the similarities between two tax reforms, corporate income tax rates cuts and personal income tax rates cuts. They were able explain the expected impact in these tax rates cuts on unemployment rates in the economy. They were able to relate the recent news of bonuses given to employees as a result of corporate income tax rate cuts and got more than 80% score.