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
“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.
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Search Topics: Publications/Videos/Papers
(The majority of the exam questions for this course are based upon information contained in the below search topics)
- (2016) Principles of Economics. Rice University. OpenStax CNX.
- Chapter 2, Choice in a World of Scarcity pp. 30.
- Chapter 3, Demand and Supply pp. 45-60 http://email@example.com
- (2016) Game Theory Explained in One Minute. One Minute Economics. Available at: https://www.youtube.com/watch?v=d8uTB5XorBw&index=6&list=PLsa2tOFEDwvNzSAPWJ9uo-NSKFEu5-OmU
- (2015) What causes Economic Bubbles- Prateek Singh. Ted-Ed Available at: https://www.youtube.com/watch?v=I5ZR0jMlxX0&t=0s&index=2&list=PLsa2tOFEDwvNzSAPWJ9uo-NSKFEu5-OmU
- (2015) Specialization and Trade: Crash Course Economics #2. Crash Course. Available at: https://www.youtube.com/watch?v=NI9TLDIPVcs&list=PLsa2tOFEDwvNzSAPWJ9uo-NSKFEu5-OmU&index=4
- (2015) Economic Systems and Macroeconomics: Crash Course Economics #3. Crash Course. Available at: https://www.youtube.com/watch?v=B43YEW2FvDs&index=5&list=PLsa2tOFEDwvNzSAPWJ9uo-NSKFEu5-OmU
- (2015) Macroeconomics: Crash Course Economics #5. Crash Course. Available at: https://www.youtube.com/watch?v=d8uTB5XorBw&index=6&list=PLsa2tOFEDwvNzSAPWJ9uo-NSKFEu5-OmU(2012) 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
- Chapter 11, The World of Imperfect Competition, pg. 447-455, 459-466 https://2012books.lardbucket.org/pdfs/economics-principles-v2.0.pdf
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