438 ECONOMICS

This course is designed to introduce students to the workings of the American economy and provide an overview of competing systems. Economics is a survey course and explores elements of both microeconomics and macroeconomics. It is primarily a study of decision making and how individuals and societies make choices to use scarce resources to fulfill their unlimited needs and wants. Students will study the roles of entrepreneurs, consumers, producers, labor, governments, corporations, and stock markets in our current system. They will also gain an understanding of the effects of taxation, monetary policy, fiscal policy, and globalization on the American and international economies through the study of current economic issues, such as child labor, immigration, and free trade.