Economics
Course Number: 10809195
Credits: 3.00
Course Description
10-809-195 ECONOMICS This course is designed to give an overview of how a market-oriented economic system operates, and it surveys the factors which influence national economic policy. Basic concepts and analyses are illustrated by reference to a variety of contemporary problems and public policy issues. Concepts include scarcity, resources, alternative economic systems, growth, supply and demand, monetary and fiscal policy, inflation, unemployment and global economic issues. (Prerequisite: Next Gen Rdg score greater/equal to 250 AND Writing score greater/equal to 237; OR ACT Rdg score greater/equal to 16 AND English greater/equal to 15; OR 10-831-107, College Reading and Writing with a B or better.)
Course Typically Offered
Credit for Prior Learning
Length of Course
Course Competencies
- Develop a rationale for economic systems
- Compare alternative economic systems
- Use marginal (Cost-Benefit) analysis in decision-making
- Apply supply and demand analysis to price determination
- Assess the role price plays in a market economy
- Examine market failures within a capitalistic system
- Differentiate market structures in product markets
- Relate factor markets to production
- Assess causes and consequences of changes in output, employment, and prices due to fluctuations in the level of economic activity
- Assess macroeconomic stabilization policies
- Evaluate government's role in an economic system
- Assess the impact of the globalization of economies
- Assess the effect of economics on contemporary public issues