The purpose of this course is to provide the student with a basic understanding of the principles of microeconomics. At its core, the study of economics deals with the choices and decisions that have to be made in order to manage scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and tradeoffs. "The economy" refers to the marketplace or system in which these choices interact with one another. In this course, the student will learn how and why these decisions are made and how they affect one another in the economy. Upon successful completion of this course, students will be able to: Think intuitively about economic problems; Identify how individual economic agents make rational choices given scarce resources and will know how to optimize the use of resources at hand; Understand some simplistic economic models related to Production, Trade, and the Circular Flow of Resources; Analyze and apply the mechanics of Demand and Supply for Individuals, Firms, and the Market; Apply the concept of Marginal Analysis in order to make optimal choices and identify whether the choices are 'efficient' or 'equitable'; Apply the concept of Elasticity as a measure of responsiveness to various variables; Identify the characteristic differences amongst various market structures, namely, Perfectly Competitive Markets, Non-Competitive Markets, and Imperfectly Competitive Markets and understand the differences in their operation; Analyze how the Demand and Supply technique works for the Resource Markets. (Economics 101; See also: Business Administration 200)

This course will present a comparative overview of world history from the 17th century to the present era. The student will examine the origins of major economic, political, social, cultural, and technological trends of the past 400 years and explore the impact of these trends on world societies. Upon successful completion of this course, students will be able to: Think critically about world history in the early modern and modern eras; Assess how global trade networks shaped the economic development of Asia, Europe, and the Americas in the 17th and 18th centuries; Identify the origins of the Reformation and Counter-Reformation in Europe and assess the social and political consequences of these movements for the peoples of Europe; Identify the origins of the Enlightenment in Europe and assess how Enlightenment ideas led to political and social revolutions in Europe and the Americas; Identify the origins of the Scientific and Industrial Revolutions in Europe and assess how these intellectual and economic movements altered social, political, and economic life across the globe in the 18th and 19th centuries; Compare and contrast how European imperialism affected the states and peoples of Asia, Africa, and the Americas in the 19th century; Identify the origins of World War I and analyze how the war's outcome altered economic and political balances of power throughout the world; Identify the origins of totalitarian political movements across the globe in the 1920s and 1930s and assess how these movements led to World War II; Analyze how World War II reshaped power balances throughout the world and led to the emergence of the United States and the Soviet Union as global superpowers; Assess how decolonization movements in the 1950s and 1960s altered political, economic, and social relationships between the United States, the nations of Europe, and developing countries throughout the world; Assess how the end of the Cold War led to political and economic realignments throughout the world and encouraged the growth of new global markets and systems of trade and information exchange; Analyze and interpret primary source documents from the 17th century through the present, using historical research methods. (History 103)