Grand Canyon University 4 credits Economics
This course is an examination of the role of government and market systems in modern economies using the tools of economic analysis to evaluate major public policy decisions. Policies will be evaluated in terms of impact on individual consumers and firms and the resulting impact on economic growth. The theory and rationale of government taxing, debt, and spending will be examined, as well as the effects of government activity on income distribution, resource allocation, and economic efficiency. Students develop analytical and critical thinking skills needed for defining policy issues, identifying alternative solutions, and predicting the potential impact of policy on the economy. Prerequisite: ECN-461.
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