Course Content and Outcome Guide for EC 285
- Course Number:
- EC 285
- Course Title:
- Intro. Political Economy
- Credit Hours:
- Lecture Hours:
- Lecture/Lab Hours:
- Lab Hours:
- Special Fee:
Course DescriptionCovers specific topics related to the United States economy from a systems/institutional perspective. Includes key institutions that make up the U.S. economy such as, corporations, government, the market system, labor unions, monetary and financial institutions, and others. Examines three problem areas: environmental degradation and resource depletion; social and political inequality; and economic instability. Introduces possible solutions based on institutional change and develops viable economic alternatives based on principles of environmental sustainability, equity and economic stability. Prerequisites: WR 115, RD 115, and MTH 20 or equivalent placement scores. Audit available.
Addendum to Course Description
Credits from this course qualify for general education purposes at Portland Community College and may be applied toward satisfying Associates Degrees at Portland Community College. Books and other materials are at the discretion of each course instructor. Prices for texts and/or other materials may be found at the Portland Community College bookstore.
Intended Outcomes for the course
Upon successful completion, students should be able to:
- Think critically and formulate independent and well considered conclusions about the salient features of a capitalist economy.
- Effectively participate in the political process and the economy by utilizing an understanding of the historical evolution of economic systems, institutions and ideologies.
- Understand different paradigmatic perspectives regarding capitalism as an economic system.
- Evaluate current public policy options including, but not restricted to, laws pertaining to the minimum wage and living wage, carbon taxes, and economic stimulus programs intended to mitigate economic problems such as inequality, non?sustainability, resource depletion and instability.
- Make rational decisions based on rudimentary marginal analyses.
- Be prepared to further their studies in Economics courses.
Course Activities and Design
Outcome Assessment Strategies
Course Content (Themes, Concepts, Issues and Skills)
- Economic systems, institutions and their historical evolution.
- The market system as an institution.
- Traditional and nontraditional views of the role governments play in capitalist economies.
- The U.S. financial system: monetary institutions and Wall Street.
- The need for growth in a capitalist system and the limit to growth.
- The causes of economic instability and inequality
- Economic alternatives