Free market thought will be evaluated from the Christian perspective. The supply and demand model is used to analyze microeconomic issues including market structures, government regulations, labor market, financial market, and international trade.
For information regarding prerequisites for this course, please refer to the Academic Course Catalog.
This course lays the foundation for a successful understanding of the business environment from an economic perspective, based on a biblical worldview and the twin concepts of free enterprise and limited constitutional government.
Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Examine microeconomic topics from a biblical worldview. (PLO: 1)
- Apply basic economic theory to various modern-day and/or hypothetical situations. (PLOs: 2, 3)
- Identify the benefits and costs of free market capitalism. (PLO: 4)
GENERAL EDUCATION FOUNDATIONAL SKILL LEARNING OUTCOMES
Social and Scientific Inquiry: the ability to employ established methods of exploring the social and natural sciences in order to understand the human experience of various social structures and the natural world.
SSI1: Demonstrate an understanding of the impact of social and/or natural sciences on the world in which we live.
SSI2: Demonstrate a biblical understanding of human behavior within various social structures.
SSI3: Apply solutions for a social and/or scientific dilemma experienced in society.
Textbook readings and lecture presentations
Course Requirements Checklist
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.
Discussion Board Forums (3)
Discussion boards are collaborative learning experiences. Therefore, the student is required to create a thread in response to the provided prompt for each forum. Each thread must be at least 300 words and incorporate at least 2 citations in current APA format. In addition to the thread, the student is required to reply to the threads of at least 2 classmates. Each reply must be at least 100 words and incorporate at least 1 citation in current APA format. Acceptable sources include periodicals, newspapers, magazines, and the Bible.
Problem Sets (12)
Each Problem Set contains application questions from the chapter that require the student to put what he or she has learned into practice. The student will fill answer questions, manipulate graphs, fill in blanks, or compute answers to the provided questions.
InQuizitive Assignments (12)
The student will complete 12 InQuizitive assignments in an adaptive learning environment. Activities are based upon assigned chapter readings from the course textbook and will require students to answer a minimum number of questions correctly in order to receive full credit. The number of questions and amount of time spent on each activity will vary based on student comprehension of concepts.
Each quiz will cover the Reading & Study material for the assigned module/week. Each quiz will be open-book/open-notes, contain 15 multiple-choice questions, and have a 1-hour time limit.