ECN2145 Economics II

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ECN2145 Economics II

This course will present an opportunity to study key topics in macroeconomics, including economic growth, unemployment, and inflation. Students will investigate the functioning of monopoly and imperfectly competitive markets, exploring market imperfections and the role of government intervention. In addition, elements of microeconomics, such as supply and demand, specialization, and trade, will be examined, with a brief introduction to game theory.

Through this course, students will develop the ability to critically reflect on the economic status of a nation, evaluating key indicators such as unemployment, inflation, and government policies. By understanding consumer and company behavior principles, students will gain the tools to apply supply and demand analysis to forecast market performance and economic trends. Additionally, students will explore why monopolies are often seen as socially inefficient.

Key Topics Covered

  • Boost Legitimate Education and Grasp Elemental Microeconomic Principles: Develop a foundational understanding of core microeconomic concepts that will support continued learning in economics and related fields.
  • Recognize Why Both Consumers and Producers Benefit from Exchange: Understand the mutual advantages that consumers and producers gain from voluntary trade and market exchanges.
  • Discern the Macroeconomic Correlations Between Various Countries: Explore how different countries’ economies are interconnected and the impact of international trade, policy, and market forces on global economic relations.
  • Appreciate the Purpose of Statistics in Coursework and Professions: Learn how statistics play a crucial role in economic analysis, research, and decision-making in both academic and professional contexts.
  • Be Skilled in Determining the Appropriate Statistical Method for an Issue: Acquire the ability to select and apply the correct statistical methods to analyze economic data and solve real-world problems.
  • Be Skilled in Accurately Interpreting Results of Investigations: Gain proficiency in analyzing and interpreting statistical outcomes and understanding their relevance to economic issues.
  • Comprehend Concepts Related to Public Goods, Taxation, and Competition: Understand key economic ideas regarding public goods, the role of taxation in an economy, and how competition shapes market dynamics.

REFERENCE MATERIALS
for
Full-CLC Students

Based on your HESEAP application, you have been awarded full CLC for this course, classifying it as a test-out course, meaning no traditional instruction will be provided. Your CLC award signifies that you possess knowledge, whether gained through prior education or experience, equivalent to or surpassing what would typically be learned in a traditional college setting. Consequently, classroom attendance is not required; however, you are required to successfully pass a final exam for the course.

USILACS remains committed to fostering your academic success. Should you find a refresher necessary or wish to deepen your understanding of the subject, it is recommended that you explore a variety of free online educational resources on the suggested topics below.

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

 Please note that USILACS is not the source of the above links; therefore, we do not have control over their accessibility. Some links may no longer be active, and in such cases, we encourage you to copy and paste the title into Google or YouTube to find an alternative source. Should you encounter an inactive link, feel free to contact our academic team at academics@usilacs.org for assistance or to notify them so the link can be updated.

Occasionally, the links may prompt you to download reference material in PDF format. While we have made every effort to ensure the safety of the sources, we encourage you to take precautions to verify the security of any downloads on your device.

Although comprehensive study materials have been provided, you can search for the topics and titles on Google and YouTube if additional resources are needed.

Tips for Success
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  2. Open the reference material.
  3. Press ‘Ctrl’ + ‘F’ on your keyboard to open a search bar.
  4. Enter your keyword or phrase and click search. This will display all instances of that word or phrase within the document, allowing for more efficient navigation.

 

Course Content