ECON 1580 - Introduction to Economics
Syllabus
- Economics: The Study of Choice & Confronting Scarcity: Choices in Production
- Demand and Supply & Elasticity: A Measure of Response
- The Analysis of Consumer Choice & Production and Cos
- Competitive Markets for Goods and Services & Monopoly
- The World of Imperfect Competition & Macroeconomics: The Big Picture
- Measuring Total Output and Income & Aggregate Demand and Aggregate Supply
- Economic Growth & The Nature and Creation of Money
- Monetary Policy and the Fed & Government and Fiscal Policy
Resources
| Task |
Number |
Percentage of Final Grade |
Per Item |
| Discussions |
7 |
5% |
0.714% |
| Assignments |
7 |
5% |
0.714% |
| Journals |
8 |
20% |
2.5% |
| Graded Quiz |
2 |
30% |
15% |
| Final Exam |
1 |
40% |
40% |
Objectives
- Explain the basic principles and use terminology of microeconomics and macroeconomics.
- Identify the role of supply and demand in a market economy and the necessary conditions for market economies to function well.
- Discuss the efficiency advantages of a market system, the role of prices in achieving efficiency, and the various types of competition.
- Identify the major components of a macro-economic system.
- Explain how the macro-economy accounts for economic output, income, and economic growth.