Focuses on the study of the American economy, stressing the interrelationships among household, business, and government sectors. Explores saving and investment decisions, unemployment, inflation, national income accounting, taxing and spending policies, the limits of the market and government, public choice theory, the Federal Reserve System, money and banking, and international trade. This course is one of the Statewide Guaranteed Transfer courses. GT-SS1

Guaranteed Transfer (GT) Pathways Course Statement:
The Colorado Commission on Higher Education has approved [insert course code here*]for inclusion in the Guaranteed Transfer (GT) Pathways program in the GT-SS1 category. For transferring students, successful completion with a minimum C- grade guarantees transfer and application of credit in this GT Pathways category. For more information on the GT Pathways program, go to https://highered.colorado.gov/academics/transfers/gtpathways/curriculum.html.

GT-SS1: SOCIAL & BEHAVIORAL SCIENCES: ECONOMIC AND POLITICAL SYSTEMS CONTENT CRITERIA

Demonstrate knowledge of economic or political systems
Use the social sciences to analyze and interpret issues.
Explain diverse perspectives and groups.

GT-SS1 COMPETENCIES & STUDENT LEARNING OUTCOMES

Competency- Critical Thinking:

Students should be able to:

Explain an Issue (required for GT-SS1)
1. Use information to describe a problem or issue and/or articulate a question related to the topic.
Utilize Context (required for GT-SS1)
1. Evaluate the relevance of context when presenting a position.
2. Identify assumptions.
3. Analyze one’s own and others’ assumptions.
Understand Implications and Make Conclusions
1. Establish a conclusion that is tied to the range of information presented.
2. Reflect on implications and consequences of stated conclusion.

Competency- Civic Engagement:

Students should be able to:

Civic Knowledge (required for GT-SS1)
1. Connect disciplinary knowledge to civic engagement through one’s own participation in civic life, politics, and/or government.

Standard course competencies for Economics:

Demonstrate awareness of economic concepts of: the consumer, the firm, the nature of cost, perfect competition, monopoly, oligopoly, and monopolistic competition.
Show understanding of the fundamental significance of the resource base, demographic change, positive and negative externalities, income distribution, social welfare, discrimination and economic waste.
Manifest the ability to recognize, collect and analyze objective performance data employing the scientific method. Further, understand and use models that project possible economic outcomes.
Demonstrate the ability to select and apply contemporary forms of technology to solve problems or compile information.
Read, analyze and apply written materials to new situations.
Write and speak clearly and logically in presentations and essays.