This course provides a basic understanding of capitalism and market process economics. Students will learn about the nature and importance of capitalism, wealth and its role in human life, natural resources and the environment, the division of labor and production, the price system and economic coordination and price controls. Additionally, students will also be able to compare and contrast other economic systems.
- Explain the cross-cultural differences of market process economics
- Explain the coordinating functions of the price system
- Evaluate the role that wealth plays in human existence
- Evaluate the basic components of Keynesian economics
- Evaluate economies based on their competitiveness
- Demonstrate the ability to use online resources to research and prepare written and oral assignments
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