The American Politics/Government course was developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in September 2018. The course is part of the Ohio Transfer Assurance Guides (TAGs) as OSS 011. For more information about credit transfer between Ohio colleges and universities, please visit: https://transfercredit.ohio.gov.Team LeadTimothy Kinsella                                  Ursuline CollegeContent ContributorsSharon Deubreau                                Rhodes State CollegeJonathan Kreger                                  Columbus State Community CollegeNathaniel Swigger                               Ohio State University – NewarkLibrarianTimothy Sandusky                               Ohio Dominican UniversityReview TeamRobert Postic                                       University of Findlay

Public Policy (Economic, Environmental, Welfare, Education)The resources included here are intended to map to the following learning objectives for an American Government Course:Identify different forms of taxation and how they affect different economic classes.Investigate the trade-offs in various public policy decisions (e.g. Affordable Care Act vs. free market healthcare vs. socialized medicine.)Define budget deficits and differentiate it from the national debt, and identify how government debt is different from debts held by individuals.Discuss the basics of the federal budget process and major spending items.Be able to differentiate between fiscal and monetary policy and identify the key actors for both.Explain the outlines of immigration policy and be able to define key terms like: DREAMers, DACA, chain immigration, etc.

By the end of this section, you will be able to:

Understand how fiscal policy and monetary policy are interconnected
Explain the three lag times that often occur when solving economic problems
Identify the legal and political challenges of responding to an economic problem

In this chapter, you will learn about:
Macroeconomic Perspectives on Demand and Supply
Building a Model of Aggregate Demand and Aggregate Supply
Shifts in Aggregate Supply
Shifts in Aggregate Demand
How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Keynes’ Law and Say’s Law in the AD/AS Model

By the end of this section, you will be able to:

Explain Say’s Law and understand why it primarily applies in the long run
Explain Keynes’ Law and understand why it primarily applies in the short run

By the end of this section, you will be able to:

Explain the importance of potential GDP in the long run
Analyze the role of flexible prices
Interpret a neoclassical model of aggregate demand and aggregate supply
Evaluate different ways for measuring the speed of macroeconomic adjustment

By the end of this section, you will be able to:

Interpret a circular flow diagram
Explain the importance of economic theories and models
Describe goods and services markets and labor markets