1 term, solid, 1 credit, Approved as a Social Science course by NCAA
This elective introduces students to the basic concepts of economics. Emphasis is placed on economic systems and decision making, competition and market structures, the role of labor and government, the role of financial institutions, the national and international economy and fundamental economic problems. Students enrolled in Economics are introduced to the core principles of opportunity cost, cost/benefit analysis, the marginal principle, and the interdependence principle. Emphasis is placed on understanding the business cycle and how markets impact pricing and costs for both firms and societies. Students will have practice interpreting graphs, tables, and economic reports as they demonstrate how to think like an economist.
