This advanced version of SS201 presents the basic principles of economic analysis with a greater focus on their application to contemporary economic problems. 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 comparative advantage. Cadets examine and present their analysis of the implications of economics on national security, defense, as well as current policy issues as well as learning 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 project requiring analysis of an economic problem with individual submission and group presentation throughout the course.
