Oct 24, 2019
ECON 1000 - Survey of Economics
A survey of economics class that covers both microeconomics and macroeconomics. Intended for students who seek to fulfill the Tier II Social Science requirement and do not intend to take any other economics course. Students study an overview of important economic topics, from microeconomics and macroeconomics, using online course materials and assignments.
Requisites: (C or better in MATH D004 or D005) or (C or better in Math 1200) or (Math Placement Level 1 or higher) Warning: no credit for this course if taken after the following: ECON 1030 or 1040 or 3030 or 3040 or 3050
Credit Hours: 3
General Education Code: 2SS
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
- Students will be able to compute the basic measures of economic well-being of society including measures of income, cost of living and employment in order to gain awareness of economic conditions that evolve over time.
- Students will be able to discuss the concepts of economic scarcity and opportunity cost using everyday examples in their family, community, country, and/or the world.
- Students will be able to analyze the costs and benefits of economic decisions using everyday examples in their family, community, country and/or the world.
- Students will be able to discuss how choices made by rational economic agents lead to demand and supply forces that determine efficient market outcomes.
- Students will be able to describe the importance of innovation for economic growth and their role in building human capital that leads to innovations in society.
- Students will be able to examine the roles of government and central bank in the economy via fiscal and monetary policies.
- Students will be able to acquire tools to analyze constructively how various policies affect household decisions and the overall economy.
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