3 courses with the subject ECON, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
ECON 1100Economics For Consumers3
Introduces students to the information and tools that will enable them to analyze and evaluate alternatives concerning major consumer issues with the goal of increasing personal well-being. Major Content Areas Consumers: the Social Security system and Retirement Planning: 10% Consumers and the role of risk and insurance: 10% Consumers and interest rates: the U.S. financial institutions (Federal Reserve, stock markets, bond markets, commercial banks, etc.): 20% Rights and responsibilities of the American consumer-citizen: 5% Living in a global economy: trade with the rest of the world and the value of the U.S. Dollar: 10% Living in market economy: supply and demand: 10% Components of a personal financial life plan: 5% Sources of consumer economics information: 5% Consumers and the U.S. government: the U.S. tax system, Federal spending and deficits: 15% Consumers: getting and managing
Examines the performance of the U.S. economy in the early 21st century (national income accounting) as measured against historical performance, including an analysis of U.S. economic institutions and government macroeconomic policies. Pre-Requisites Recommended Math MATH 0840 Major Content Areas Intro to economics (scarcity, opportunity costs, market allocation of resources and output vs. govt allocation of resources and output. (15%) Aggregate Demand–Aggregate Supply analysis as a description of short-run U.S. economic performance and policy. (12%) Fiscal Policy, budget deficits and public debt. (15%) U.S. economic history and perspectives. (8%) Defining, measuring, evaluation Gross Domestic Product, unemployment, inflation, economic growth. (20%) International Economics: trade and comparative advantage, exchange rates, balance of payments, and open economies. (15%) Financial system, monetary policy and the Federal Reserve System (15%) Learning Outcomes Apply the economic way of thinking (scarcity, opportunity cost, and choice) to analyze issues that impact American citizen/voters. -Define the concepts of money and money creation; identify, distinguish between, and explain the purposes of financial instruments, institutions and financial markets that impact American citizens. -Apply the model of aggregate demand and aggregate supply to explain economic growth and productivity, the determinants of AD and AS and the history of U.S. business cycles and macroeconomic policies. -Define and discuss the measures of aggregate economic performance (Gross Domestic Product and its components, real versus nominal values), unemployment, inflation, income and expenditure approaches to GDP and limitations). -Explain the determinants of demand and supply to explain how markets work. -Explain policy debates (short run versus long run, rules versus discretion, the lags and limitations of policy on a macroeconomy). -Define and distinguish between monetary and fiscal (automatic and discretionary) policies (the tools of each and their potential impacts on the performance of the U.S. macroeconomy, including public debt). -Explain the elements of international economics (exchange rate systems, balance of payments and open economy macroeconomics) Minnesota Transfer Curriculum (MNTC) Goals 05 - Hist/Soc/Behav Sci 08 - Global Perspective
Introduces students to the supply and demand analysis of prices and production under different market structures, the role of government in a market economy, international trade and exchange rates, and income distribution and the pricing of economic resources. Pre-Requisites Recommended MATH 0840 Major Content Areas The Pricing of Factors of Production and Income Distribution (12%) Comparative Advantage, International Trade and Exchange Rates (12%) Market Failure and The Role of Government in an Economy (15%) Market Structure (perfect competition, monopolistic competition, oligopoly and monopoly (20%) Diminishing Returns and Costs of Production (6%) The Role of Markets in an Economy (supply and demand) (18%) Consumer Choice Theory (4%) Elasticity (6%) Introduction to Economics (scarcity, opportunity cost, production possibilities curves, economic principles) (7%) Learning Outcomes Describe and illustrate graphically firms’ profit-maximizing decision-making with respect to revenues and costs in competitive and non-competitive market structures. Discuss the factors that affect the supply of and demand economic resources like labor and capital. Explain the concept of utility and how it affects consumer choices. Differentiate between absolute and comparative advantage and explain the causes and impact of protectionist policies in markets. Use marginal analysis to explain maximizing behavior of firms and individuals. Describe market failure, the conditions that may lead to market failure, and government’s intervening role and policies. Use the supply and demand model of markets to determine equilibrium price and quantity in many types of markets including exchange rate markets. Explain and apply price elasticity of demand and supply and their determinants. Use the demand and supply model of markets to describe the impact of government price ceilings and supports (floors) and taxes and subsidies. Apply and practice the economic way of thinking (scarcity, opportunity cost, and choice) to analyze issues in the U.S. economy and students’ personal lives. Minnesota Transfer Curriculum (MNTC) Goals 08 - Global Perspective 05 - Hist/Soc/Behav Sci
