Economics

Degrees and Certificates

Classes

ECN 111 : Principles of Economics-Macro

Principles underlying the organization and functioning of the economic system are presented in a broad social context embracing issues that affect business, government, and the community. Particular attention is given to the theory of the determination of the general levels of income, employment, and prices. In addition, contemporary economic issues are presented to reinforce theoretical concepts. Three lecture hours per week. Competency met: Social Phenomenon (5.4) Fall, Spring, Summer

Credits

3

Prerequisites

A passing score on the College's reading and English placement tests or C or better or concurrent enrollment in ENG 091 or ENG 092

  1. Describe and interpret the economy in quantitative terms using employment and national statistics.
  2. Utilize economic models to distinguish, describe, and analyze the interrelationships among prices, income and interest rates as they affect consumption, saving, private and government investment.
  3. Explain and evaluate the economic challenges of unemployment, inflation, and economic growth.
  4. Describe the contemporary banking and monetary system, and analyze the role of money, credit, and Federal Reserve monetary policy.
  5. Describe the role of international trade and finance on domestic economic activity.
  6. Identify and analyze the factors that contribute to or hinder economic growth, development and inequality.

ECN 112 : Principles of Economics-Micro

Principles underlying the organization and function of the market economy, including supply and demand, the theory of the firm, resource allocation under conditions of perfect competition, monopolistic competition and oligopoly, the relationship of government and business, pricing, employment of resources, and wages, rents, interests, and profits. In addition, contemporary economic issues are presented to reinforce theoretical concepts. Competency met: Social Phenomenon (5.4) Fall, Spring, Summer

Credits

3

Prerequisites

A passing score on the College's reading and English placement tests or C or better or concurrent enrollment in  ENG 091 or ENG 092

  1. Define scarcity and show how it relates to the concepts of choice and cost.
  2. Identify the key elements of the demand and supply model and use the model to critically analyze real world examples.
  3. Explain the role of prices in allocating goods, services and factors of production.
  4. Explain the economic behavior of individual firms in the short run and long run.
  5. Use microeconomic models to illustrate how prices and output are determined in various market structures.
  6. Define economic efficiency and compare the implications for economic efficiency under different market structures.

ECN 251 : Money and Banking

Examination and analysis of money, structure and operation of the financial system, monetary theory, central banking, and monetary policy. Three lecture hours per week. Fall, Spring, Summer

Credits

3

Prerequisites

ECN 111 or permission of instructor.
  1. Explain the role of money and banks in the broader economy.
  2. Explain the importance of financial markets in the economy, and identify financial market participants.
  3. Identify and describe some of the more common instruments used in financial markets.
  4. Describe the basic structure and functions of the Federal Reserve System.
  5. Describe monetary policy through the operating procedures of the Federal Reserve System.
  6. Analyze the causes, policy responses, and lessons associated with financial market crises.