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Nov 28, 2024
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ECON 100 - Introduction to Economics (3 units) CO6, CO12
Selected microeconomic and macroeconomic principles applied in a non-technical manner to improve understanding of everyday problems and social issues. Credit may not be received for ECON 100 if credit has already been awarded for ECON 102 or above. NOTE: This course does not substitute for ECON 102 or ECON 103 .
Units of Lecture: 3
Offered: Every Fall and Spring
Student Learning Outcomes:
Upon completion of this course:
1. Students will be able to demonstrate understanding of the methods and principles of microeconomic theory, including tradeoffs, opportunity costs, and marginal decision making.
2. Students will be able to explain how markets work and how market prices are determined using principles of supply and demand.
3. Students will be able to assess the impact of market failure such as externalities, and public goods and evaluate possible public policy remedies.
4. Students will be able to demonstrate major macroeconomic tools, including fiscal and monetary policies, and their use in managing the economy.
5. Students will be able to demonstrate ability to be critical consumers of information by explaining alternative perspectives and structuring hypotheses to evaluate evidence and distinguish between those alternatives.
6. Students will be able to apply ethical principles in a variety of economic contexts.
7. Students will be able to identify and describe any particular virtuous or ethical behavior as some combination of fundamental virtues (courage, temperance, prudence, justice, faith, hope, and love).
8. Students will be able to demonstrate understanding of how ethical principles support effective microeconomic interactions between pairs of individuals or small groups, and how they support effective macroeconomic systems.
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