Consortium for International Studies | Evaluated Learning Experience
Macroeconomics ECO 101
September 2018 – Present.
Upon successful completion of the course, students will be able to: discuss reasons for differences in wealth from one nation to another and how economic freedom and a nation’s standard of living are related; explain the laws of demand and supply, surpluses and shortages; name and describe the three sectors of the economy that comprise the private sector and the single public sector; explain the business cycle, recession and depression; identify the classical and new classical models of economic theory; and identify tools, such as tariffs, quotas, and subsidies used to restrict the entry of foreign goods and promote the export of domestic goods.
This 15-week course based on a textbook and study guide, includes topics that focus on economic theory, goods, tariffs, quotas, subsidies, private and public sector, repression and depression. Students are evaluated by a final examination.
In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business Management, Economics, Finance, or Introduction to Macroeconomics (8/18).