This course presents the basic principles of economic analysis and their application to contemporary economic problems and supports the further study of economics and related disciplines in the social sciences. The course is organized into two primary branches: microeconomics, the study of the behavior of individuals, households, and firms in making decisions, in a market economy and the application of this theory to contemporary issues in both domestic and global markets; and macroeconomics, the study of the performance, structure, and behavior of the whole economy including issues of national income, output, consumption, unemployment, inflation, as well as fiscal and monetary policy. In addition, the course includes instruction on personal finance, focusing specifically on major purchase decisions (home and auto), insurance, basic investing, and investing for retirement. This instruction is intended not only to improve individual financial decision-making but also to equip Cadets with the ability to address the financial issues of their future Soldiers. Cadets develop analytical tools in order to assess the economic implications of policy decisions by military and government officials and to improve their own decision-making process.
This course presents the basic principles of economic analysis and their application to contemporary economic problems and supports the further study of economics and related disciplines in the social sciences. The course is organized into two primary branches: microeconomics, the study of the behavior of individuals, households, and firms in making decisions, in a market economy and the application of this theory to contemporary issues in both domestic and global markets; and macroeconomics, the study of the performance, structure, and behavior of the whole economy including issues of national income, output, consumption, unemployment, inflation, as well as fiscal and monetary policy. In addition, the course includes instruction on personal finance, focusing specifically on major purchase decisions (home and auto), insurance, basic investing, and investing for retirement. This instruction is intended not only to improve individual financial decision-making but also to equip Cadets with the ability to address the financial issues of their future Soldiers. Cadets develop analytical tools in order to assess the economic implications of policy decisions by military and government officials and to improve their own decision-making process.
This standard course presents the basic principles of economic analysis and their application to contemporary economic problems and supports the further study of economics and related disciplines in the social sciences. The course is organized into two primary branches: microeconomics, the study of the behavior of individual households and firms in making decisions, primarily through the supply and demand model related to a market economy and applying this theory to contemporary issues in both domestic and global markets; and macroeconomics, the study of the performance, structure, behavior, and decision-making of the whole economy including issues of national income, output, consumption, unemployment, inflation, as well as fiscal and monetary policy. In addition, the course covers personal financial planning decisions, with emphasis on military benefits, and anticipated life events that would be typical of a Soldier whom cadets will work with upon graduation. Cadets examine the implications of economics on national security and defense, and the use of economic analysis to improve decisions they will make as Army officers.
This standard course presents the basic principles of economic analysis and their application to contemporary economic problems and supports the further study of economics and related disciplines in the social sciences. The course is organized into three general sections: microeconomics, outlining basic theory of allocation by supply and demand in a market economy and relating this theory to contemporary issues; macroeconomics, surveying the theory of aggregate economics and illustrating the application of macroeconomic theory to public policy in the American economy; and international economics, introducing trade theory and international monetary theory and policy and application of economics to selected public policy issues (taxation and resource allocations, provision of public goods, etc). Cadets examine the implications of economics on national security and defense, and the use of economic analysis to improve decisions they will make as Army officers.
This standard course presents the basic principles of economic analysis and their application to contemporary economic problems and supports the further study of economics and related disciplines in the social sciences. The course is organized into three general sections: microeconomics, outlining basic theory of allocation by supply and demand in a market economy and relating this theory to contemporary issues; macroeconomics, surveying the theory of aggregate economics and illustrating the application of macroeconomic theory to public policy in the American economy; and international economics, introducing trade theory and international monetary theory and policy. Cadets examine the implications of economics on national security and defense, and the use of economic analysis to improve decisions they will make as Army officers.
Lessons
40 @ 55 min (2.500 Att/wk)
Labs
7 @ 120 min
Special requirements
Spreadsheet analysis requirements throughout the course.
