Course Summary
Credit Type:
ACE Course Number:
24 week (126 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 principles of economics


The course objective is to focus on aggregate economic analysis. Students will learn about market systems, aggregate measures of economic activity, macroeconomic equilibrium, money and financial institutions, monetary and fiscal policy, international economics, and economic growth.

Learning Outcomes:

  • analyze the economic impacts of monetary and fiscal policy
  • apply macroeconomic models to understand the economy
  • identify and interpret macroeconomic data
  • demonstrate an understanding of the function of the central bank and the banking system
  • explain the relationship between production and division of labor
  • explain opportunity sets and opportunity costs
  • explain the law of supply and demand
  • explain how economies of scale and the control of natural resources led to the necessary formation of legal monopolies
  • identify U.S. budget deficit and surplus trends over the past five decades

General Course Topics:

  • Welcome to economics
  • Choice in a world of scarcity
  • Demand and supply
  • Labor and financial markets
  • Elasticity
  • Consumer choices
  • Production, costs, and industry structure
  • Perfect competition
  • Monopoly
  • Monopolistic competition and oligopoly
  • Monopoly and antitrust policy
  • Environmental protection and negative externalities
  • Positive externalities and public goods
  • Labor markets and income
  • Poverty and economic inequality
  • Information, risk, and insurance
  • Financial markets
  • Public economy
  • The macroeconomic perspective
  • Economic growth
  • Unemployment
  • Inflation
  • The international trade and capital flows
  • The aggregate demand/aggregate supply model
  • The Keynesian Perspective
  • The Neoclassical Perspective
  • Money and banking
  • Monetary policy and bank regulation
  • Exchange rates and international capital flows
  • Government budgets and fiscal policy
  • The impacts of government borrowing
  • Macroeconomic policy around the world
  • International trade
  • Globalization and protectionism
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Quizzes
  • Proctored Final Examination

Minimum Passing Score:

Supplemental Materials

Other offerings from Excel Education Systems, Inc.