Emphasizes contemporary problem areas such as inflation, unemployment, economic growth, and international trade. Focuses on contemporary social and educational issues. General economic literary is emphasized given that no business background is required.
Students can speak effectively in front of a group or as part of a group.
The student should understand the basic economic theories, economic propositions, and assumptions that provide the foundation for general economic knowledge. For example, the theories behind scarcity, exchange, specialization, and choice will be studied. The student should be able to discuss current macroeconomic problems in our market economy today dealing with government expenditures, unemployment, inflation, fiscal policy, monetary policy, economic growth, and international trade. The student should be able to understand and differentiate between macroeconomics and microeconomics. The student should be able to distinguish between positive economics describing facts and behavior in the economy and normative economics involving ethics and value judgments.