Welcome to DC Economics
This course fulfills the Social and Behavioral Sciences foundational component area of the core curriculum and addresses the following core objectives: Critical Thinking, Communication, Empirical and Quantitative Skills, and Social Responsibility. This course includes various topics and/or assignments that support these objectives and sharpen student skills in these areas.
A graded assignment will be used to measure mastery of these objectives.
The core curriculum proposal offers the following general explanation of how the content of a principles of macroeconomics course may address these core objectives:
Critical Thinking Skills -- Economic data cannot be analyzed without some understanding of logic and human behavior, so critical thinking is an essential part of understanding the principles of economics. The principles of economics fall into three broad categories: how people make decisions, how people interact and how the economy as a whole behaves.
The critical thinking skills that apply to economics, therefore, are those that relate to human and organizational behaviors.
Communication Skills -- Macroeconomics students need excellent communication skills that allow them to both receive and convey complex concepts, theories, explanations, and other information in a clear, understandable manner.
Empirical and Quantitative Skills -- Macroeconomics students apply mathematical formulas to economics concepts and theories in an effort to provide solutions to real-world problems. In order to perform efficiently as professionals and citizens after completing their studies, students must become competent in reading and using quantitative data, in understanding
quantitative evidence and in applying basic quantitative skills to the solution of economic problems.
Social Responsibility -- Macroeconomics examines the fundamentals of the American mixed-capitalistic economy as it relates to social welfare. People are making choices under conditions of scarcity and these choices affect society. Cognizance of how that individual choice-making impacts the whole makes Macroeconomics students better citizens and more informed voters.