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Nov 25, 2024
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ECON 100 Introduction to Economic Problems and Policies [GEKS]
A nontechnical introduction to basic problems facing the U.S. economy and different opinions over economic policy choices. Analysis of the controversial role of government in a private market economy.
Credit 3 hrs May not be repeated for additional credit
Grade Mode Normal (A-F) Course Rotation
Prerequisites -
Other Restrictions -
Restriction by Major -
Restriction by Class - Undergraduate standing
Additional Information - Students may receive credit in ECON 100 - Introduction to Economic Problems and Policies and ECON 201 - Principles of Macroeconomics /ECON 202 - Principles of Microeconomics , but only ECON 100 or ECON 201/ECON 202 can be used to satisfy the requirements of any university Major/Minor. Not recommended for business students.
Rationale for Knowledge of the Disciplines - Students in the course acquire a basic understanding of both the subject of economics and the approach used by economists in their study of economic questions. Thus, students learn about both the content and the methodology of economics. The contemporary international economic environment is characterized by globalization and competition. This reality confronts the USA and its people with a number of economic challenges and opportunities. Economics 100 presents students with an opportunity to read about, think about and discuss these issues. in a series of written assignments, students are asked to apply their developing knowledge of the content and methodology of economics to an analysis of a variety of economic problems, as well as to an evaluation of government policy measures designed to respond to these problems. In summary, Economics 100 students learn the following: (1) The basic concepts and principles of economics, such as efficiency and productivity, markets and prices; (2) The “economic way of thinking”, that is, identifying measuring, quantifying and comparing costs and benefits as a basis for informed decision-making; (3) How to apply both of the above to real-world economic problems, such as the outsourcing of jobs to low-wage countries and the escalating costs of prescription drugs.
Keywords: economics , Knowledge of the Disciplines - Social Sciences (GEKS)
Updates: Note added 9/2015
Winter 2025 Course Sections
Fall 2024 Course Sections
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