Survey of Economics – ECON 110

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

A survey of general economic principles and concepts for non-business majors. Presents an overview of theories and applications in microeconomics and macroeconomics. Market economic system is introduced and comparison with other economic systems are provided.

Prerequisites

None

Rationale

This course provides students with a basic knowledge of economics and shows them how to apply this knowledge to understand micro- as well as macro- economic issues.  The course supports the published Liberty University Philosophy and Mission Aims.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Discover Biblical principles for economics.
  2. Understand consumer demand and producer supply decisions and various market structures. 
  3. Understand the basics of the market economy and the role of government in the market. 
  4. Describe the macroeconomic problems: business cycles, unemployment, and inflation and knowing government policies to deal with these problems. 
  5. Analyze current economic issues. 

Course Assignment

LearnSmart

After reading the chapters in Schiller’s book, the student will take quizzes from LearnSmart with unlimited tries.  This assignment aligns with the following FSLOs: SSI1 and SSI3.

Discussion Board Forums

Discussion boards are collaborative learning experiences. The student will be presented with questions from Stapleford’s book. The student is required to answer the questions in each forum with at least 1 citation in current APA format. Each Discussion Board Forum thread must be at least 300 words. The student must also reply to 1 classmate’s thread and the reply must be at least 150 words.  This assignment aligns with the following FSLOs: CC3, and CC4.

Problems

The student will be required to answer a set of problems taken from the end-of-chapter problems from Schiller’s book.

Tests

Each test will cover the Reading & Study material for the modules/weeks in which it is assigned. Each test will be open-book/open-notes, contain 36 multiple-choice questions, and have a 2-hour time limit. The student will have one opportunity to complete each test.  This assignment aligns with the following FSLOs: SSI1, SSI2,and SSI3,