Introduction to Economics
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General
Prefix
ECON
Course Number
201
Course ID
00000885-2023-03-20
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
Basic economic concepts and an overview of current economic issues. Cannot be taken after 205 or 206.
Credits
Min
3
Max
3
Goals and Diversity
MN Goal Course
Yes
MN Goal Designation(s)
05
Cultural Diversity
No
Learning Outcomes
Outcome
Explain and use the “economic way of thinking” to analyze how people make decisions.
Outcome
Explain how markets and prices allocate resources and how government sometimes plays a positive and sometimes a negative role when attempting to influence markets.
Outcome
Identify the various causes of social problems such as pollution, crime, poverty and discrimination, and analyze the debates concerning the government’s role to correct or alleviate these problems.
Outcome
Explain why nations trade with one another, and analyze the debate regarding protectionism.
Outcome
Define measures of economic activity such as unemployment, inflation and economic growth.
Outcome
Identify market factors that influence economic activity and examine government policies that attempt to influence economic activity.
Dependencies
Programs
ECON201
is a
completion requirement
for: