Economics
Introduction to Economics
3 College Credits | UT Course Code: ECO 304K | TCCN Course: ECON 2302 | Core Code: 080
High School Course Prerequisite: Algebra II (or concurrent enrollment)
Use logic, math and technology to interpret statistics, apply economic analysis, and become an informed consumer.
This single-semester course is available in fall or spring. It introduces the principles, models and conditions that influence our economy and explores how consumers, businesses and governments make and evaluate economic decisions.
In addition to studying core concepts like scarcity, opportunity costs, supply and demand, market structures, competition and behavioral economics, students also learn about economics in business, entrepreneurship and their own personal lives.
Course Structure
Through Flipped Learning, the course emphasizes microeconomics concepts and quantitative reasoning as students employ logic, mathematics and technology to interpret basic statistics and apply economic analysis. Students drive their own mastery of the content through peer collaboration and in-class discussion.
Big Ideas
- Foundations of economics: incentives, trade-offs, opportunity cost, marginal thinking, and how trade creates value
- Supply and demand and how markets work
- Theory of the firm: business competition, costs and production
- Consumer behavior, decision-making and satisfaction
What Students Gain
- Microeconomics and macroeconomics concepts
- Quantitative reasoning skills
- Personal financial literacy
What Students Say
“I was able to gain transferable college credit that was dependent on multiple assignments and tests, instead of just one. This took a lot of stress out of the class and made it much more accessible to me. The course was a great experience, and I would recommend it to anyone!”