Course Content and Outcome Guide for EC 285
- Posted by:
- Justin Elardo
- Course Number:
- EC 285
- Course Title:
- Intro. Political Economy
- Credit Hours:
- Lecture hours:
- Lecture/Lab hours:
- Lab hours:
- Special Fee:
Course DescriptionExamines the United States economy from a systems/ institutional perspective. With this approach, students will explore the key institutions that make up the U.S. economy including corporations, government, the market system, labor unions, monetary and financial institutions, and others. Students will also examine three problem areas: environmental degradation and resource depletion; social and political inequality; and economic instability. Also introduces possible solutions based on institutional change and development. Students will deepen their understanding of capitalism in America, as well as gain insights into developing viable economic alternatives based on principles of environmental sustainability, equity and economic stability. Recommended: MTH 95 and WR 115. 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
- Define political economy
- Define capitalism as an economic system
- Describe the salient features of a capitalist economy
- Apply lesson learned from a historical/evolutionary understanding of economic systems
- Evaluate arguments that apply to key economic issues
- Approach economic problems critically and creatively
- Evaluate the role of corporations in the U.S. economy
- Actively work toward solutions for key economic problems such as inequality, non-sustainability, resource depletion and instability.
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