Student Learning Outcomes/Exit Standards
Glendale community college ECONOMICS department
Economics 101:
Students will be able to identify the key elements of the demand and supply market mechanism model and use the model to critically analyze real world examples.
Students will be able to explain how prices and quantities are determined under conditions of perfect competition, imperfect competition and monopoly.
Students will be able to describe and compare the costs and benefits to society and consumers of each of the four basic market structures.
Students will be able to explain the characteristics and consequences of elasticity of demand, as well as solving problems using this concept.
Students will be able to describe the historical and contemporary impact of market concentration and anti-trust policies in the U.S. economy and critique the role of government enforcement of related laws.
Students will be able to summarize the theory of the firm and profit maximization as it relates to various market structure and their impact on consumers.
Economics 102:
Students will be able to recognize the analytical methodology of economic inquiry and identify competing schools of thought in this inquiry.
Students will be able to apply the categories of national income accounting to macroeconomic situations.
Students will be able to describe a simple contemporary model for macroeconomic behavior such as the income determination model or the aggregate supply/aggregate demand model and apply this model to macroeconomic situations.
Students will be able to evaluate economic problems of unemployment, inflation and economic growth.
Students will be able to identify the contemporary role of banks, money, and national banks in monetary policy.
Students will be able to evaluate historical and contemporary use of fiscal and monetary policy.
Economics 105:
Students will be able to recognize the analytical methodology of economic inquiry and identify competing schools of thought in this inquiry.
Students will be able to evaluate economic problems of unemployment, inflation and economic growth.
Students will be able to identify the contemporary role of banks, money, and national banks in monetary policy.
Students will be able to evaluate historical and contemporary use of fiscal and monetary policy.
Students will be able to identify key characteristics of the market mechanism.
Students will be able to compare the costs and benefits of the basic market structures and government efforts to regulate economic concentration.
Students will be able to describe the role of international trade and currency values in a contemporary economy and identify competing arguments on the role of international trade and currency values.
Economics 107:
Students will be able to demonstrate knowledge of descriptive and inferential statistical methods.
Students will be able to determine the appropriate statistical tools for analyzing empirical data.
Students will be able to calculate the various statistical indices presented in the course.
Students will be able to make inferences about populations based upon quantitative analysis of sample data.
Economics 110:
Students will be able to identify major current environmental problems and their economic component.
Students will be able to identify major current policies to remedy environmental problems.
Students will be able to use economic theories of market inefficiency to explain environmental problems.
Students will be able to apply the concept of trade-off to environmental policies.
Students will be able to use elementary cost-benefit analysis to measure the effectiveness of environmental policies.
Students will be able to evaluate the impact of environmental policies on the distribution of wealth and income, on economic growth, and international relations.
Economics 111:
Students will be able to describe the analytical methodology of social science inquiry.
Students will be able to identify and assess the main economic trends of the colonial era.
Students will be able to identify and assess the main economic trends of the era of the industrial revolution.
Students will be able to identify and assess the main economic trends of the imperialist era.
Students will be able to demonstrate the causal relationship between economic development and social and political history.