Course Description

Studies the firm, the nature of cost, and how these relate to the economy as a whole. Analyzes economic models of the consumer, perfect competition, monopoly, oligopoly and monopolistic competition. Explores economic issues including market power, population growth, positive and negative externalities, income distribution, poverty and welfare, discrimination, and international economic interdependence. This course is one of the Statewide Guaranteed Transfer courses. GT-SS1

Course Competencies

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.