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Shown here are the general learning goals of the program broken down into specific student learning outcomes (SLOs). These SLOs represent what a student should be able to do as a result of successfully completing this program. Student performance on these outcomes are routinely assessed by program faculty as a way of informing programmatic improvement efforts.
Students should understand macroeconomic theory.
- Students will identify inflation and its causes.
- Students will identify the basic sources of growth in productivity and living standards.
- Students will identify the causes of business cycles, unemployment and inflation.
- Students will identify the economic linkages between countries and the impact of these linkages on national economic performance.
- Students will identify the major measures of national economic performance: national income accounting, price indexes, unemployment.
Students should understand microeconomic theory.
- Students will identify how the concepts of comparative advantage and specialization lead to gains from trade.
- Students will identify price elasticity of supply and demand and the relation between the price elasticity of demand and total revenue.
- Students will identify the behavior of the firm as it relates to production, price, cost and profit.
- Students will identify the concepts of scarcity and opportunity cost as they relate to the fundamental economic program.
- Students will identify the determinants of supply and demand and use the supply and demand model to determine changes in prices and output.
- Students will identify the welfare effects of alternative market structures.
- Students will identify the welfare effects of various market failures.
Fourteen for 2014
View information about the new online course development initiative, Fourteen for 2014.
B. B. Dougherty Admin. Bldg.
438 Academy Street
Second floor, Suite 207
ASU Box 32006
Boone NC 28608