A Citizen¶s Guide to Economics Katherine M. Sauer, Ph.D.ECO 1040 AD 530-Q 303-556-3037Spring 2012 firstname.lastname@example.org
Economics is the study of how individuals, firms and the government make decisions about how to allocate their scarce resources, and the consequences of those decisions.
Economics is all around you.
You hear about it in the news, you participate in the local economy as aconsumer, and you feel the impacts of the global economy in your daily life.In this course, you¶ll be introduced to fundamental
economic way of thinking
. Akey feature of this course is the application of economic reasoning to real world problems. My goal is that bythe end of the semester, you¶ll have the tools and skills to make sense of the economic events that impact your life.We¶ll be discussing a wide variety of topics this semester. At the end of the semester, you should be able to:Additionally, you should be able to describe the interpretation of basic economic
data and statistics
fundamental conceptsof economics
includingincentives, opportunitycosts, marginalanalysis, and prices.
Supply andDemand analysis
toevaluate market changesand economic problems.
roleof the government
in a market economyand the effects of variousgovernment regulations onmarket outcomes.
ch 2, 3, 4, 8
Describe themechanics behind theUS¶s
monetary policyand fiscal policy
ch 9, 10
Describe theinterpretation of
(including GDP, inflation,unemployment, and productivity).
ch 6, 7, 9
Identify/definethe fundamentalconcepts of
trade andinternational finance
ch 11, 12, 13