ECON 1010 - Economics of Social Issues (SS, GC)

Institution:

Utah Tech University

Subject:

Economics

Description:

Fulfills General Education Social and Behavioral Sciences requirement and is an approved Global and Cultural Perspectives course. However, this course does not fulfill School of Business degree requirements but can be used as elective credit. This course offers an introduction to the economic theories of scarcity, consumer and producer choice, competition and monopoly, labor, capital, resource markets, antitrust and other government regulations, and income distribution in order to understand and appreciate the ideas, processes, dynamics, and institutions that underlie the social and economic system. **COURSE LEARNING OUTCOMES (CLOs) At the successful conclusion of this course, students will be able to: 1. Understand and apply the concept of opportunity cost and the principles of supply and demand. 2. Understand and apply the principle of profit maximization, the connection between elasticity and revenue, and how firm operations differ in different market structures. 3. Analyze economic principles relating to complex social issues in order to identify alternative actions society may take, with applications to national income, inflation, and unemployment. 4. Provide coherent written and oral explanations of economic news reports. FA, SP

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.utahtech.edu/

Phone Number:

(435) 652-7500

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

General Education

• GC - Global & Cultural Perspectives

• SS - Social & Behavioral Sciences

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