ECON 1100 - Economics For Consumers
3 Credits
Introduces students to the information and tools that will enable them to analyze and evaluate alternatives concerning major consumer issues with the goal of increasing personal well-being.
Major Content Areas
Consumers: the Social Security system and Retirement Planning: 10% Consumers and the role of risk and insurance: 10% Consumers and interest rates: the U.S. financial institutions (Federal Reserve, stock markets, bond markets, commercial banks, etc.): 20% Rights and responsibilities of the American consumer-citizen: 5% Living in a global economy: trade with the rest of the world and the value of the U.S. Dollar: 10% Living in market economy: supply and demand: 10% Components of a personal financial life plan: 5% Sources of consumer economics information: 5% Consumers and the U.S. government: the U.S. tax system, Federal spending and deficits: 15% Consumers: getting and managing credit: 10%
Learning Outcomes
Participate in the U.S. economy as an informed consumer Compare and contrast the role of the U.S. financial institutions in the lives of consumers Discuss their rights and responsibilities as U.S. taxpayers Describe their rights and responsibilities as U.S. consumer-citizens Use economic way of thinking to analyze consumer issues in the U.S. economy Fit together the pieces of a financial life plan Search for and critically evaluate consumer information Describe the impact of U.S. government policy (like the Social Security system and Federal Reserve policy) on consumer decision-making and planning
Minnesota Transfer Curriculum (MNTC) Goals
02 - Critical Thinking 05 - Hist/Soc/Behav Sci
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