Course

Course Summary
Credit Type:
Course
ACE ID:
ICS-0050
Organization's ID:
BUS122
Organization:
Location:
Online
Length:
Self-paced over 52 weeks (135 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 economics
Description

Objective:

The course objective is to provide an overview of microeconomics and the modern market economy. Supply and demand; the role of government; public sector; tax system design; firm behavior; organization of industry; and labor markets will be examined and discussed.

Learning Outcomes:

  • point out the basic concepts of economic perspective
  • distinguish between pure competition market, pure monopoly, monopolistic competition, and oligopoly market structure
  • analyze the factors affecting allocation of resources and wages with the impact of government policies
  • analyze how price and efficiency affects consumer behavior
  • point out the modern issues related to resource pricing, trade, immigration, and poverty on the economy

General Topics:

  • Basic concepts of economic perspective
  • Price and efficiency
  • Consumer behavior
  • Market structures
  • Allocation of resources and wages
  • Government policies
  • Resource pricing, trade, immigration, and poverty on the economy
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Written Papers

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from Penn Foster College

(ICS-0044)
(ICS-0208)
(ICS-0160)
(ICS-0240)