Consumer Economics

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

• Understand the economic way of thinking. 
• Identify different economic systems are used throughout the world; understand factors of production.
• Know and interpret supply, demand, scarcity, and opportunity; explain implications on decisions.
• Explain how markets are competitive and discuss the pros and cons of regulation. 
• Distinguish between different types of business organizations and ramifications of different types. 
• Understand the difference between monetary policy and fiscal policy and the role of the Federal Reserve.
• Know the role of labor unions and how they affect the economy. 
• Overview of personal finances and the time value of money.