ECN2145 Economics II

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ECN2145 Economics II

This course will present circumstance to study the economic growth, unemployment and inflation, also known as macroeconomics.  An investigation of monopoly and imperfectly competitive markets, market imperfections and the role of government will be inspected.  This course also considers some facets of microeconomics, such as:  supply and demand, specialization and trade.  A momentary peek at game theory will be made.

You will be able to reflect seriously about the economic status of the nation and to measure advancement, unemployment, inflation, fiscal and monetary policies of the government, to conclusively master economic security and the prosperity of the individual citizen.  You will see that there is a definite logic and perceptible method to investigating consumer and company conduct.  You will be able to apply supply and demand study to calculate and anticipate market performance.  A recognition of why monopolies are socially ineffectual will be achieved.


This course delves into the fundamentals of microeconomics.  Topics include supply and demand, market efficiency, externalities, public goods, common resources, production and costs, competitive firm pricing and output, monopolistic competitive firm, pricing and output, game theory and wage earning.  By the end of this course, all students should:

  • Boost legitimate education and grasp elemental microeconomic principles
  • Recognize why both consumers and producers benefit from exchange
  • Discern the macroeconomic correlations between various countries
  • Appreciate the purpose of statistics in your future course-work and professions
  • Be skilled to determine the appropriate statistical method to administer to an issue
  • Be skilled to accurately understand the culmination of your investigation
  • Comprehend thoughts associated to public goods, taxation, and competition

Full-CLC Students

A CLC award signifies that the student has attained the knowledge, (through either prior education or experience), equal to or greater than the student would have learned in a traditional college course.”

“Based upon your CLC award, physical classroom attendance is not required; however, you will be required to successfully pass a final exam for each course.”

Based upon your HESEAP Application, you have received full-CLC for this course; therefore, this is a test-out course which does not include traditional education on the subject.

USILACS wants to help you succeed. If you feel you need a little knowledge refresher or want to expand your knowledge on this subject, we recommend that you consider reviewing some of the vast online education resources and search topics below.

Thousands of FREE Online College Courses:

Search Topics: Publications/Videos/Papers

(The majority of the exam questions for this course are based upon information contained in the below search topics)


  • (2015) What causes Economic Bubbles- Prateek Singh. Ted-Ed Available at:
  • (2015) Specialization and Trade: Crash Course Economics #2. Crash Course. Available at:
  • (2015) Economic Systems and Macroeconomics: Crash Course Economics #3. Crash Course. Available at:
  • (2015) Macroeconomics: Crash Course Economics #5. Crash Course. Available at: Economics Principles. Libby Rittenberg, Tim Tregarthen. Creative Commons.  
    • Chapter 2, Confronting Scarcity: Choices in Production pg. 48 
    • Chapter 3, Demand and Supply pg. 91-101, 107-115, 119-129
    • Chapter 10.1 The Nature of Monopoly, pg. 410-413


Please note: USILACS is not the source of these links. Therefore we do not have control over the accessibility of the links. You may find that some links are no longer active. We therefore encourage you to copy and paste the title into Google or YouTube to find an alternative source. You are also welcome to email our academic team at for assistance or to inform them of an inactive link so we can replace it with a new one.

Sometimes the links may invite you to download reference material into a PDF. Although we have been diligent in finding safe sources of information, we encourage you to be diligent in ensuring a download is safe on your device.

Although we are providing comprehensive study material, if you feel you require more, please copy and paste the topics and titles into Google and YouTube. 


Tips for success

Remember, these exams are all open textbook. Meaning, you can keep your reference material open in other tabs to refer back to during your exam.

Some of the reference materials are large, extensive books with hundreds of pages. If you have a question on your exam that you want to find the answer to within the book, here’s a quick way of doing so:

Choose a keyword or phrase from the exam question. Go to the reference material. Press ‘Ctrl’ + ‘F’ on your keyboard. This will bring up a search bar. Type your keyword or phrase into the search bar and click search. This will show you all the locations that they appear in the reference material.

Course Content