Introduces macroeconomic issues such as unemployment, inflation, taxation, economic growth, trade balance, the Classical and Keynesian Models, government deficits, as well as fiscal and monetary policy. Examines the role of government policy in relation to these issues. Reviews recent economic events such as recession, recovery, and boom. Equips students to analyze and evaluate real-life macroeconomic phenomena through deduction of the logical consequences of well-defined assumptions. Course Credit Limitations: Credit will not be awarded for both the honors and regular versions of a course. Credit will be awarded only for the first course completed with a grade of “C” or better or "P". Moorpark College Honors Program requires a letter grade. Field trips may be required. Prerequisites: MATH M03 or an equivalent Math course or placement as determined by the college's multiple measures. Transfer credit: CSU; UC. Formerly: ECON M02.