The first of a two-course sequence in Principles of Economics; this course examines the goals of the macroeconomy (full employment, domestic price stability, economic growth, and stable international economic relations) and how they are promoted by the government�s use of fiscal and monetary policy; the course concludes with a formal introduction to international economics, including the micro-based topics of international trade theory and commercial policy, as well as international finance and openeconomy macroeconomics. Prerequisite: Cannot be taken concurrently with EC 201.