Northeast Wisconsin Technical College
10-809-195 026102 Economics
Outline of Instruction

Course Information
Description10-809-195 ECONOMICS ...scarcity, resources, alternative economic systems, growth, supply and demand, monetary and fiscal policy, inflation, unemployment, and global economic issues. (Prerequisite: A placement value of 6200; OR Accuplacer Rdg score greater/equal to 55 AND Sentence Skills greater/equal to 60; OR ACT Rdg score greater/equal to 16 AND English greater/equal to 15; OR 10-831-107, College Reading and Writing with a B or better)
Total Credits3
Prior Learning Assessments
None
Course Competencies
  1. Develop a rationale for economic systems
  2. Compare alternative economic systems
  3. Use marginal (Cost-Benefit) analysis in decision-making
  4. Apply supply and demand analysis to price determination
  5. Assess the role price plays in a market economy
  6. Examine market failures within a capitalistic system
  7. Differentiate market structures in product markets
  8. Relate factor markets to production
  9. Assess causes and consequences of changes in output, employment, and prices due to fluctuations in the level of economic activity
  10. Assess macroeconomic stabilization policies
  11. Evaluate government's role in an economic system
  12. Assess the impact of the globalization of economies
  13. Assess the effect of economics on contemporary public issues