Jan 18, 2022  
2020-2021 Catalog 
2020-2021 Catalog [ARCHIVED CATALOG]

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ECON 100 - Introduction to Economics

5 credits

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.

Theory Hours
5 theory hours.

AA Specified Elective
Satisfies social science distribution area B requirement or specified elective for the AA degree.

Course Outcomes
  • 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

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