Course Summary
Credit Type:
ACE Course Number:
Organization Course Number:
12 -- 15 weeks (124.5 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Economics


'The course objective is for students to develop a logical, conceptual, and analytical understanding of economic principles and to deal with problems associated with the allocation of resources; decisions made by consumers; production by firms; pricing in various market conditions; government actions in markets; measuring aggregate output; economic growth; employment and unemployment; money and banking; and fiscal and monetary policies intended to achieve economic goals.

Learning Outcomes:

  • Upon completion of this course, the student will be able to analyze the economic way of thinking
  • Explain how free and competitive markets allocate resources efficiently through the interaction of supply and demand
  • Evaluate the different effects caused by changes in demand and supply conditions
  • Analyze how government actions affect markets
  • Evaluate the effects of trade on the economy
  • Analyze firm behavior in perfectly competitive markets
  • Measure components of the macroeconomy
  • And contrast fiscal and monetary policy
  • Analyze the effects of externalities
  • Analyze a firm's cost of production
  • Differentiate between monopoly, monopolistic competition, and oligopoly
  • Analyze the factors influencing economic growth

General Course Topics:

  • The economic way of thinking
  • Supply and demand
  • Changes in supply and demand
  • Government actions and markets
  • Comparative advantage
  • Externalities
  • Costs of production
  • Perfect competition
  • Different market structures
  • Gross domestic product
  • Economic growth
  • Fiscal and monetary policy
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

Supplemental Materials

Other offerings from Pearson