- PLO 1: Contrast and apply various management concepts and theories to address and resolve organizational challenges and problems.
- CLO 1: Describe how economics is a social science that draws conclusions based on hypotheses, theories and data to understand and predict human behavior.
- CLO 2: Identify the basic macroeconomic terminology and concepts, including differentiating between real and nominal values and positive and normative economics.
- CLO 3: Explain scarcity and opportunity cost.
- CLO 4: Define and explain the nature of the business cycle.
- PLO 2: Distinguish between and analyze the multiple (economic, financial, legal, international, and social) components of business.
- CLO 7: Evaluate the effects of fiscal policy include the effects of the federal governments budget deficit and monetary policies on the US economy.
- CLO 8: Describe the aggregate demand – aggregate supply model and differentiate between short run and long run.
- CLO 11: Comprehend the basic theories of macroeconomic instability.
- CLO 13: Develop an understanding of comparative advantage and the global economy.