Student Learning Outcomes: Economics

Macroeconomics

By the end of this course, students will be able to:

  1. Analyze how a market system allocates its resources and produces goods and services for an economic unit using supply and demand.
  2. Evaluate national income accounting.
  3. Identify macroeconomics conditions, specifically business cycle variables (GDP, unemployment, inflation).
  4. Develop the ability to distinguish between fiscal and monetary policy.
  5. Recommend appropriate policy options to achieve macroeconomic goals.
  6. Evaluate the role and functions of financial institutions and the Federal Reserve.
  7. Analyze different economic systems, the respective role of government within each and their respective strengths and weaknesses.
  8. Develop a basic competency regarding global economic relationships.

Developed: 2016-2017

Microeconomics

By the end of this course, students will be able to:

  1. Analyze how a market system allocates its resources and produces goods and services for an economic unit using supply and demand.
  2. Analyze firms' behavior with respect to elasticity, production, pricing, maximizing profits, and minimizing costs.
  3. Analyze consumer behavior with respect to how market forces along with costs and benefits determine choice.
  4. Evaluate the strengths and weaknesses of a market system with respect to the efficiency and equity of market outcomes.
  5. Differentiate the outcomes of different market structures.

Developed: 2016-2017

Meetings & Events

Oct 15

Academic Affairs Committee Meeting

Oct 15

Strategic Planning Committee Meeting

Oct 15

Fiscal and Administrative Policy Committee Meeting

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