Course content may be changed, term to term, without notice. The information below is provided as a guide for course selection and is not binding in any form, and should not be used to purchase course materials.
PRINCIPLES OF ECONOMICS I (MICRO)
An introduction to the theory and history of free exchange and economic inquiry. Free market thought will be scrutinized from the perspective of the Christian understanding of human behavior and contrasted with other paradigms. Specific topics include examination of the
“economic question,” the tools of economic analysis with focus on the applicability to the study or human behavior, the market process, demand and the consumer, cost and supply, market structure, government regulation, and resource demand and supply.
ECNC 213 teaches students how to make decisions among alternatives with various benefits and costs so that they can be successful consumers, business owners, and resource suppliers in the free market.
REQUIRED RESOURCE PURCHASE
Click the following link to view the required resources for the term in which you are registered: http://bookstore.mbsdirect.net/liberty.htm
ADDITIONAL MATERIALS FOR LEARNING
Computer with Internet access (broadband recommended)
Microsoft Word and PowerPoint
(Microsoft Office is available at a special discount to Liberty University students.)
MEASURABLE LEARNING OUTCOMES
Upon successful completion of this course, the student will be able to:
Apply basic economic thought to different situations, including some common business problems.
Apply economic principles to modern-day situations and recognize the flaws in
“common wisdom” and how many people fail to consider unfavorable secondary effects. C.
Appreciate the limitations of economic theory when applied to the real world.