This course belongs in the Social and Global Awareness part of the Liberal Arts Exploration Core which analyzes historical or contemporary perspectives on issues related to human society and organization, including a diversity of cultures; uses that knowledge to compare and assess solutions to complex problems; explores ethical modes of citizenship and collective action on local and global scales. In EC202, we will study the individual units of the society; the consumer and the producer and their interactions in different market structures ranging from competition to monopoly. Students will also analyze the influence of these market structures on social welfare. In addition, students will be asked to reflect on the competing economic and ethical concerns of minimum wage legislation, taxation, provision of public goods and environmental protection. Students are required to write a minimum of 500 words (1000 total) doing at least two of the following: • analyzing historical or contemporary perspectives on issues related to human society and organization, including a diversity of cultures; • using that knowledge to compare solutions to complex problems; and • exploring ethical modes of citizenship and collective action on local and global scales.
