ECON 130 - Principles of Economics KCC AA/DS,KCC AS/SS

Institution:

Kapiolani Community College

Subject:

Description:

3 hours lecture, 1 hour lab per week Prerequisite(s): MATH 25; qualification for ENG 100. Comment: Students will complete one hour lab outside of class time. ECON 130 focuses on the price system and market structures; theory of consumer behavior and market demand; production costs and the theory of the firm under competition, monopoly, oligopoly, and monopolistic competition; social costs, ecology, and externalities; public policy and income distribution; conservation and energy; food and the agricultural sector; and fundamentals of international economics. Emphasis will be placed on writing, problem-solving, critical thinking, and abstract reasoning. Students must fulfill one hour of lab work per week. Upon successful completion of ECON 130, the student should be able to: Explain how the American Economic System works, including various approaches to the organization of production and the allocation of resources. Explain how policies of microeconomics nature achieve national and specific goals of public policy. Describe the tools of microeconomics analysis and use them to formulate and analyze possible solutions to contemporary economic and social issues such as agricultural production, world food problems, poverty and the distribution of income, the energy crisis, and environmental pollution.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Multiple

Notes:

Additional Information:

Historical Version(s):

Institution Website:

kapiolani.hawaii.edu/page/home

Phone Number:

(808) 734-9000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

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