Labor and the Economy for Paraprofessionals ((3 Credits))

Catalog description

This course covers the basics of economics. Some of the topics explored are: What is economic efficiency and how can it be enhanced?; How are wages and profits determined; What is the role of government and what is the efficient level of taxes? Implications for education and education policy are explored throughout. The course is designed for students with an interest, though not necessarily a background, in economics. It does not use mathematics, although some basic arithmetic will come into play. The aim of the course is to give the student a thorough understanding of the key concepts and theories of different schools of economics and to better understand how these concepts relate specifically to their lives and the lives of their family members. In each case, the history of economic thought will be traced, along with the historical context of the ideas involved.