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Jun 03, 2023
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ECON 140 - The World Economy:CD
5.0 Credits
A comparative study of economic decision-making, income distribution, functioning, and performance of the world’s principal mixed, socialist, and emerging economies. Central planning is contrasted with market outcomes and other available alternatives. Prerequisite: Placement in ENGL 100 and placement in MATH 060 .
Course Objectives
Upon successful completion of this course, students will be able to:
- Evaluate empirical evidence comparing performance of various economies. [REASON]
- Explain comparative advantage and its role in foreign trade. [COMMUNICATE]
- Describe how firms maximize profits and engage themselves in the global economy. [COMMUNICATE]
- Analyze the impact of cultural differences on economic performance. [EXPLORE]
- Compare the structure of business across a variety of economic systems and political environments. [EXPLORE]
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