Jan 18, 2022
ECON 100 - Introduction to Economics
MATH 097 or placement in MATH& 107 or higher.
This course is designed to introduce economics and the economic approach to the problems created by scarcity. Specifically, the course will be “economics for non-majors: fundamental concepts of economic analysis with application to contemporary problems.” The student should learn what a market system is and how it has come to be the predominate economic system.
5 theory hours.
AA Specified Elective
Satisfies social science distribution area B requirement or specified elective for the AA degree.
- Identify the benefits and costs of market trade
- Describe the concepts of resources and wants, and relate them to Scarcity and Opportunity Costs
- Understand and describe the concepts and measurement of gross domestic product, unemployment, and inflation
- Understand and describe the difference between business cycles and economic growth and the factors that contribute to each
- Describe the concepts of Comparative Advantage, balance of payments and its components, and the determinants of exchange rates
Add to Portfolio (opens a new window)