An introductory analysis of the American economic system and its place in the world economy. Topics of the course will include the core concepts of scarcity, opportunity costs and production possibilities; price determination through demand and supply analysis; macro-economic models; fiscal policy; money creation and the banking system; monetary policy; stabilization of the economy through fiscal and monetary policies.
For each unit of credit, a minimum of three hours per week with one of the hours for class and two hours for studying/preparation outside of class is expected.
Prepare students to obtain a job in mid-management or marketing position, possessing the skills to make them successful employees and employers.
Outcome #1: Read with comprehension, be critical of what they read, and apply knowledge gained from their reading to broader issues of the day.
Outcome #2: Communicate ideas clearly and proficiently in writing, appropriately adjusting content and arrangement for varying audiences, purposes, and situations.
Outcome #4: Demonstrate mathematical skills by using a variety of techniques and technologies.
Outcome #5: Demonstrate the ability to think critically by gathering facts, generating insights, analyzing data, and evaluating information.
Outcome #6: Exhibit skills in information and technological literacy.
Upon completion of the above listed course, students will be able to do the following:
Explain the economic way of thinking by applying the following: scarcity, specialization, opportunity cost, marginal analysis, and production possibility.
Apply the supply and demand model for economic analysis.
Define the key macroeconomic indicators used to measure the performance of the aggregate economy including output, price level, and employment.
Utilize the aggregate demand and aggregate supply model to explain the amount of goods/services produced, the level of unemployment, and price level.
Define fiscal policy, budget deficits, and the national debt and explain their impact on the macroeconomy.
Define money, banking, and monetary policy and explain their impact on the macroeconomy.
- Introduction of Economics
- Economic Models
- Supply & Demand
- Market Systems
- Introduction to Macroeconomics
- Long-run Economic Growth
- Aggregate Supply & Demand
- Income & Expenditure
- Fiscal Policy
- Money, Banking, & the Federal Reserve System
- Monetary Policy
- Labor Market, Unemployment, & Inflation
Lecture/Discussion
In class and out of class assignments
Calculator & computer exercises
Problem-solving demonstrations
Examinations
Individual help
Textbook
Supplementary materials prepared by instructor
Computer tutorial programs
Chalkboard
Overhead projector
Exams
Assigned work
In/Out of class activities using technology
Attendance/Student participation
Quizzes
Assessment of SCCC Outcomes
Outcome 1'�Assessed through quizzes over assigned reading material and research.
Outcome 2'�Assessed through assigned writings.
Outcome 4'�Assessed through class activities and assigned work to be completed using different techniques and technologies.
Outcome 5'�Assessed through activities requiring students to collect, evaluate, and analyze data of course materials.
Outcome 6'�Assessed through activities/projects using Internet, scientific calculators, and other electronic devices
Under the Americans with Disabilities Act, Seward County Community College will make reasonable accommodations for students with documented disabilities. If you need support or assistance because of a disability, you may be eligible for academic accommodations. Students should identify themselves to the Mental Health Counselor at 620-417-1106 or go to the Student Success Center in the Hobble Academic building, room A149.