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ECN 200 Contemporary Economic Issues
Credit Hours:  3
Effective Term: Fall 2015
SUN#: None
AGEC: Social and Behavioral Sciences  
Credit Breakdown: 3 Lectures
Times for Credit: 1
Grading Option: A/F Only

Description: Investigates the basic concepts and principles of economics, and how they operate within the American economic system. Highlights both Macroeconomics and Microeconomics in simplified terms, intended for those who will only take one course in economics.

Prerequisites: RDG094

Corequisites: None

Recommendations: None

Measurable Student Learning Outcomes
1. (Knowledge Level) Define scarcity which results from productive resources being limited.
2. (Analysis Level) Compare the additional costs of alternatives with additional benefits.
3. (Evaluation Level) Critique different methods used to allocate goods and services.
4. (Evaluation Level) Judge the value of voluntary exchange.
5. (Evaluation Level) Assess the functions of money.
6. (Analysis Level) Illustrate how interest rates are adjusted for inflation and the affect of allocation of resources.
7. (Knowledge Level) Recognize market value and its effect on worker's earnings.
8. (Comprehension Level) Explain the concept of entrepreneurship.
9. (Evaluation Level) Interpret the economic role of government in a market economy.
10. (Application Level) Demonstrate the impact of investment on standards of living.
11. (Analysis Level) Compare the interaction of spending and production on a nation's level of income.
12. (Analysis Level) Outline cause and effect of inflation and unemployment on the economy.
13. (Analysis Level) Correlate how federal government fiscal and monetary policies influence employment, output, and prices.
14. (Analysis Level) Compare and contrast individual, regional, and national production with consumption.
15. (Synthesis Level) Categorize types of markets where buyers and sellers interact.
16. (Application Level) Relate how prices send signals and provide incentives to buyers and sellers.
17. (Evaluation Level) Judge the impact of competition among sellers/buyers.
18. (Evaluation Level) Appraise how the costs of government policies sometimes exceed benefits.
19. (Evaluation Level) Evaluate the US balance of trade.
Internal/External Standards Accreditation