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Economics

Course Descriptions

ECON 120: General Economics

Credits: 5.0

A survey of economic principles applied to a wide range of social problems. Domestic markets, government intervention, inflation, and the global economy are all considered.

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Apply supply and demand analysis to a variety of examples. [REASON]
  2. Calculate how firms maximize profits. [REASON]
  3. Describe the determinants of aggregate spending and multiplier effects. [REASON]
  4. Explain and demonstrate how the tools of fiscal and monetary policies affect the economy. [REASON]
  5. Use comparative advantage to explain the role of foreign trade. [COMMUNICATE]

ECON 130: American Economic History:CD

Credits: 5.0

The American economy is examined through the historical perspective of over four centuries. Capitalist development and cultural diversity are emphasized throughout the course. Topics include: growth, war, immigration, equity, public policy, business cycles, and globalization.

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Use graphical analysis to describe historical trends and economic relationships. [REASON]
  2. Identify causal relationships of business cycles. [REASON]
  3. Identify major economic turning points with their economic impacts. [COMMUNICATE]
  4. Describe various perspectives embodied in such institutions as: slavery, immigration, unionism, and globalization. [EXPLORE]
  5. Evaluate the impacts of government policies on economic outcomes. [REASON]

ECON 140: The World Economy:CD

Credits: 5.0

The effects from international trade and finance are related to economic performance. Business operations and practices are compared among a selected group of diverse countries.Prerequisite(s): Placement in ENGL 100 and placement in MATH 060.

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Evaluate empirical evidence comparing performance of various economies. [REASON]
  2. Explain comparative advantage and its role in foreign trade. [COMMUNICATE]
  3. Describe how firms maximize profits and engage themselves in the global economy. [COMMUNICATE]
  4. Analyze the impact of cultural differences on economic performance. [EXPLORE]
  5. Compare the structure of business across a variety of economic systems and political environments. [EXPLORE]

ECON 150: Global Economic Development:CD

Credits: 5.0

The structure and functioning of the world's emerging economies are studied through a historical context with case studies and analysis of current events. (Dual listed as DIVST 150)

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Describe the major obstacles to growth and modernization in emerging economies. [COMMUNICATE]
  2. Apply theories of development and growth to various countries. [EXPLORE]
  3. Analyze the main issues involved with central economic planning and socialist systems. [EXPLORE]
  4. Describe comparative advantage and its role in foreign trade. [COMMUNICATE]
  5. Demonstrate how global influences affect development, growth, and a variety of social indicators. [REASON]

ECON& 201: Microeconomics

Credits: 5.0

Study of optimization behavior by consumers, producers, and government in the global marketplace. Resource allocation, exchange, and income distribution are all related to personal incentives. Prerequisite(s): MATH 090 and ENGL& 101 (was ENGL 105) each with a grade of 2.0 or higher.

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Construct graphs and analyze their economic implications. [REASON].
  2. Describe the impact of supply and demand on a variety of situations. [COMMUNICATE]
  3. Calculate how firms maximize profits under the different types of market structures. [REASON]
  4. Analyze current events in the media. [REASON]
  5. Apply various market theories to a broad range of issues such as health care, agriculture, foreign trade, and labor markets. [REASON]

ECON& 202: Macroeconomics

Credits: 5.0

Study of the national economy in terms of aggregate spending, money supply, and foreign trade. Various theories are put forth to explain business cycles in the U.S. and the world economy. Prerequisite(s): MATH 090 and ENGL& 101 (was ENGL 105) each with a grade of 2.0 or higher.

Course Level Objectives

Upon successful completion of this course, sudents will be able to:

  1. Explain scarcity and how market forces operate to allocate resources and distribute incomes. [COMMUNICATE].
  2. Critique the tools of both fiscal and monetary policies. [REASON]
  3. Determine the causes of inflation, unemployment, and economic growth. [REASON]
  4. Assess the impact of government policies on the distribution of income and allocation of resources. [REASON]
  5. Analyze current events. [REASON]