Title: Credit Unit 3 Introduction
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 3 Module 1- Money, Banks, & the Federal Reserve

The focus of Credit Unit 3 is macroeconomic policy; specifically, monetary and fiscal policy. The Modules explain the implementation of policy, the goals of policy, and the effect on key macroeconomic variables, e.g., real GDP, inflation, unemployment. In addition, Credit Unit 3 examines the functions of the Federal Reserve, the central bank of the United States, the money supply, and the link between inflation and unemployment.

Course Outcomes:

- Describe and use economic data to evaluate the three basic macroeconomic problems: recession, unemployment, and inflation.
- Discuss and apply the concepts of economic growth and business cycles to the macro economy.
- Demonstrate how Gross Domestic Product (GDP) and Real GDP are calculated and explain the uses and limits of both.
- Discuss and apply the aggregate-demand and aggregate-supply model to analyze short run and long run national economic conditions and the effectiveness of macroeconomic policy.