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.

EC201Z 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 higher, or placement above stated course levels. Recommended Requisite: Sophomore standing.

This course examines how consumers and firms make choices when facing scarce resources, and how those choices are related to government policy and market outcomes, such as prices and output.

View Course Outcomes:

1. Articulate the concepts of opportunity costs and trade-offs.
2. Demonstrate how the law of comparative advantage can be applied to international trade and trade-related policies.
3. Explain producer and consumer behavior using economic models.
4. Analyze the relationship between supply and demand and its applications across various economic contexts.
5. Identify the impact of market failures and government policy on efficiency and welfare.

EC202Z Principles of Economics II: Macroeconomics  (Course offered online)

Credits 4Summer/Fall/Winter/Spring

Registration Requirement: EC115 or EC201Z.

Examines the aggregate activity of a market economy, economic growth, inflation, unemployment, and the use of fiscal and monetary policy to address macroeconomic problems.

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. Interpret basic macroeconomic indicators including GDP, unemployment, and inflation.
3. Identify the determinants of economic growth.
4. Apply economic models to explain macroeconomic outcomes.
5. Using appropriate terminology, describe the basics of the U.S. economy, and monetary policy tools, and their uses and economic impacts.