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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

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Henry George Institute | Evaluated Learning Experience

Principles of Political Economy Series: Fundamental Economics, Applied Economics: Globalization and Trade, Economic Science

Varies, distance learning and on-line format
60 hours (up to one year)
December 2011 - Present
Learner Outcomes: 

Upon successful completion of the course, students will be able to: define the factors of production;  evaluate explanations of the business cycle in terms of the three classical factors of production; explain the laws of distribution of wealth in society, analyze labor market conditions in terms of the margin of production; explain the basic factors that underlay the boom/bust cycle; explain Henry George's remedy for poverty and depressions,;evaluate modern tax and economic policies in terms of that remedy; discuss the basic law of human behavior underlying economic reasoning; define economic value and explain its relation to human labor; explain purpose, development and duration of the process of production; describe the law of diminishing returns and its relationship to marginal productivity theory; explain the basic nature and function of money; describe the phenomenon of externalities; analyze the classic arguments in support of free trade policy and protectionism; explain the principle of comparative advantage in trade; describe the role of money and credit in international trade; list and describe factors that restrict trade; compare and contrast socialist versus free-market proposals to address economic problems; list and evaluate issues in economic globalization such as multilateral trade negotiations, neocolonialism, currency trading, transboundary resource-access and environmental issues.

Classes are offered via written correspondence or in an on-line format with a 1-1 student teacher ratio and consist of textbook and extensive supplemental reading, multiple graded written assignments, and a proctored final examination. The foundation of the course is presented from a Georgist perspective balanced with that of contemporary economic theory.
Credit recommendation: 
In the lower division associate/baccalaureate degree category, 3 semester hours in Economics (2/12). NOTE: Students must complete all three courses in the Principles of Political Economics Series to benefit from the credit recommendation.