EC - Economics

EC115 Introduction to Economics (Course offered online)

Credits 3Fall/Winter/Spring

Registration Requirement: RD090 and WR090, or IECC201R and IECC201W; and MTH020; each with a grade of "C" or better, or placement above stated course levels.

An introduction to the basic economic activities of producing, exchanging, consuming, saving and investment for the purpose of preparing a student for the utilization of economics to real-life experiences. This course provides specific examination of the role of economics in the fields of agriculture/natural resources; mechanics and transportation; business and computer technologies; health and human services; engineering technologies; construction and design; and communication technologies. Business administration transfer students should not take the course.

This course fulfills: Human Relations; Social Science

View Course Outcomes:

  1. Comprehend the impact of economic events on careers, the workplace and lifelong learning
  2. Define and describe the economic activities (producing, exchanging, consuming, saving and investing) of individuals, companies, labor and government, along with the interdependence of these entities
  3. Demonstrate critical-thinking and decision-making skills on cases drawn from the workplace
  4. Describe the role of the market system in a global economy
  5. Interpret relatively commonplace economics events through the study and application of everyday economic concepts
  6. Students will have a better understanding of fiscal and monetary policy at the end of course.

EC201 Principles of Economics I: Microeconomics (Course offered online)

Credits 4Summer/Fall/Winter/Spring

Registration Requirement: RD090 and WR090, or IECC201R and IECC201W; and MTH020; each with a grade of "C" or better, or placement above stated course levels. Recommended requisite: Sophomore standing.

This course examines the market system including essentials of demand and supply analysis, perfectly competitive and imperfectly competitive product and labor markets, international trade and obstacles to international trade, and applications of microeconomic theory to public policy and current social issues.

This course fulfills: Human Relations; Social Science

View Course Outcomes:

  1. Apply marginal analysis to a consumer decision-making model
  2. Demonstrate how the law of comparative advantage can be applied to international trade and trade-related policies
  3. Identify the basic problems of scarcity and how the prices are determined in a market system, using supply and demand analysis
  4. Identify where the market system does not provide correct solutions to problems of externalities and public goods
  5. Illustrate how businesses can apply marginal analysis to decisions about production, pricing, and promotion, under conditions of perfectly competitive and imperfectly competitive markets

EC202 Principles of Economics II: Macroeconomics (Course offered online)

Credits 4Summer/Fall/Winter/Spring

Registration Requirement: EC115 or EC201; or instructor consent.

This course explores the factors affecting the level of national income, the essentials of money and banking, the role of government expenditure and taxation in achieving economic stability and growth, and international monetary issues including exchange rates and the balance of payments.

This course fulfills: Human Relations; Social Science

View Course Outcomes:

  1. Describe the international economy and its major elements including balance of payments, exchange rates and monetary fiscal policy in an open economy
  2. Differentiate various theories and how the national economy operates and the problems that arise involving the national economy
  3. Identify fiscal and monetary policies and how they can be used to help increase economic stability and promote economic growth
  4. Recognize various issues involved with the macro economy including, but not limited to taxation, budget deficits and national debt
  5. Using appropriate terminology, describe the basics of the U.S. economy, how income and production are measured, the use and abuse of economic data

Course fees are subject to change. Additional section fees (web, hybrid, etc.) may apply.

Online option regularly offered

Cultural Literacy course