Measurable Student Learning Outcomes
1. (Comprehension Level) Describe and define the major concepts in economics and analyze major economic systems. (CSLO 1, 4)
2. (Analysis Level) Compare and contrast the differences between micro and macro economics. (CSLO 2)
3. (Comprehension Level) Describe and define the determinants of supply and demand, and the effect on equilibrium price. (CSLO 2, 4)
4. (Analysis Level) Illustrate and point out the relationship of price elasticity as computed to revenue. (CSLO 3, 4)
5. (Application Level) Illustrate and modify the nature of supply and demand in competitive markets. (CSLO 2, 4)
6. (Analysis Level) Classify and categorize forms of imperfect competition and the need for regulation and antitrust legislation. (CSLO 2)
7. (Application Level) Construct and demonstrate how economic models and concepts relate to fluctuations in prices, output and factor costs. (CSLO 2, 3, 4)
8. (Analysis Level) Distinguish and differentiate income inequalities and the redistribution of income. (CSLO 1, 4)