SS2014W Economics Web T3

This course will focus on the connection between local, national and global economics decision-making. Central to economic decision-making is the examination of how individuals, households, businesses and governments use scarce resources to satisfy unlimited wants and needs. Through the course of this study, students will compare how the rules and procedures of various economic systems will impact market outcomes (demand, supply, price) in the product market and in the resource market. Students will examine resource-use decisions by analyzing public issues (in terms of production, distribution and consumption) and by exploring how policy alternatives impact local, national and global economic systems. Economic change and the resultant effects of such change on individuals, households,  businesses, government and the environment will be studied. Students will also analyze the behavior of public policy officials in the context of their honesty and integrity. Students will thus understand how economic change influences their lives and will recognize the importance of using economic reasoning as a tool to evaluate public policy alternatives.