The goal of this semester-long course is to provide students with a strong foundation in basic economic principles. Students will examine topics such as:
- Economic roles of individuals, organizations, and institutions
- Factors that affect supply and demand
- Different market structures
- Market regulation
- The Macroeconomy
The course helps students to investigate several economic questions. For example,
- What is economics?
- How does scarcity influence the way people make decisions?
- In what ways does the market mechanism allocate resources to their best use?
- How does government regulation affect the economy?
Lessons and projects encourage students to examine a variety of problems from the viewpoint of an economist.
Upon completion of the course, students should be able to do the following:
- Define economics
- Describe the economic roles of individuals, organizations, and institutions
- Analyze factors that affect supply and demand
- Compare and contrast the efficiency of different market structures
- Analyze the effects of government regulation upon the economy