Catalog Course Search Details

 Department:    ECON

 Course #:    310

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    450601

 EPC:    n/a

 REV:    2019

 Course Description  

Provides foundational micro- and macroeconomic understanding related to the management of domestic and international firms. Topics include economic systems, the influence of governments on the economy, market structures and competition, resource allocation, production, pricing, consumer choice, and externalities. Emphasizes the relationship between economics and politics.

 Prerequisite  

Prerequisite: Admission to BASAM program and BASAM Director permission.

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Academic N/A  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Identify key differences in economics systems and the impact of those differences have on owners, managers, employees, customers, and other stakeholders.
2. Explain the influence governments have on the outcomes and opportunities associated with production, trade, inflation, employment, and pollution both domestically and internationally.
3. Explain the role of regulation in markets and the common disconnect between what is economically efficient, socially desirable, and politically feasible.
4. Explain the socio-economic implications of the changing American demographic nationally and in Skagit Valley.
5. Identify different market structures, and explain their impact on competition and strategic interaction.
6. Demonstrate an understanding of the relationship between cost, consumer choice, and pricing.
7. Recognize external costs and benefits associated with business activity, and develop strategies for lowering costs, increasing benefits, and managing trade-offs.
8. PROGRAM OUTCOME: Demonstrate an understanding of management roles, leadership, and cultural norms and expectations of leadership, including identification and description of human behavior in an organizational setting, with attention to the dynamics of po
9. PROGRAM OUTCOME: Use written & spoken skills & tools, concepts, & models of management applicable to the professional-technical discipline to communicate clearly & create an effective message, while demonstrating a professional presence.
10. PROGRAM OUTCOME: Demonstrate ability to assimilate, evaluate, & synthesize information from varying media & formats, including the ability to assess qualitative & quantitative data & to apply critical thinking & knowledge in an industry & managerial funct
11. PROGRAM OUTCOME: Explore, appreciate, and define the opportunities, challenges, and nuances of operating in an increasingly diverse, interconnected, and complex global community.
12. PROGRAM OUTCOME: Recognize and challenge culture-bound assumptions.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Key differences in economics systems and the impact of those differences have on owners, managers, employees, customers, and other stakeholders.
2. Influence governments have on the outcomes and opportunities associated with production, trade, inflation, employment, and pollution both domestically and internationally.
3. Role of regulation in markets and the common disconnect between what is economically efficient, socially desirable, and politically feasible.
4. The socio-economic implications of the changing American demographic nationally and in Skagit Valley.
5. Different market structures, and explain their impact on competition and strategic interaction.
6. The relationship between cost, consumer choice, and pricing.
7. External costs and benefits associated with business activity, and develop strategies for lowering costs, increasing benefits, and managing trade-offs.