Economics - Consortium for International Studies
Organization
- Business and Communications - Consortium for International Studies
- Economics - Consortium for International Studies
- English and Literacy - Consortium for International Studies
- Math - Consortium for International Studies
- Psychology and Sociology - Consortium for International Studies
- Science - Consortium for International Studies
Descriptions and credit recommendations for all evaluated learning experiences
Varies; self-study.
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) (9/23 revalidation).
Varies; self-study.
September 2018 - Present.
Upon successful completion of the course, students will be able to: understand that markets have two sides - one side of a market is the demand side and the other is the supply side; evaluate how market adjustments eliminate shortages and surpluses; define the four major determinants of price elasticity of demand; review the basic concepts that can be used to build a specific theory of the demand for and supply of labor; explain the six factors that contribute to income inequality are innate abilities and attributes, work and leisure, education and other training, risk taking, luck, and wage discrimination; and evaluate the theories of public choice and assess how it helps explain the behavior of politicians, especially near or at election time.
Microeconomics is a 15-week course based on a textbook and study guide. Topics include: market supply and demand, income inequality, price elastic and labor. Students are evaluated by a final examination.
In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business Administration, Business Management, Principles of Economics, Introduction to Microeconomics, Finance, or Mathematics (8/18) (9/23 revalidation).
