ECON 100 - Introduction to Economics

(3 units) CO6

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.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall and Spring

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. demonstrate understanding of the methods and principles of microeconomic theory, including tradeoffs, opportunity costs, and marginal decision making.
2. explain how markets work and how market prices are determined using principles of supply and demand.
3. assess the impact of market failure such as externalities, and public goods and evaluate possible public policy remedies.
4. demonstrate major macroeconomic tools, including fiscal and monetary policies, and their use in managing the economy.
5. demonstrate ability to be critical consumers of information by explaining alternative perspectives and structuring hypotheses to evaluate evidence and distinguish between those alternatives.
6. apply ethical principles in a variety of economic contexts.
7. identify and describe any particular virtuous or ethical behavior as some combination of fundamental virtues (courage, temperance, prudence, justice, faith, hope, and love).
8. 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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