Develop a baseline knowledge of economics and practical applications which will instill a continuing awareness of the importance of economics in their lives.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Recognize, understand, and effectively utilize such fundamental economic concepts such as scarcity, opportunity cost, comparative advantage, supply, demand, price, cost, profit, maximization, monetary policy, rent-seeking, international trade, and exchange rates.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Utilize diagrams, equations, and simple statistics to explain and analyze economic information.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Identify and analyze fundamental examples of economic phenomena, especially examples appearing in internet news and analysis web sites, newspapers, magazines, and the local newspaper.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Recognize and understand the nature of the influence that normative, or value-based, economics has upon the research and delivery of economically relevant information and to differentiate between normative or value-based economics and positive, or quantitative, economics.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Distinguish between macro and micro economic concepts and apply these concepts to current world examples.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
14.3%
Develop critical thinking skills through research, analysis, classroom discussion, and written reports on economic trends.
