ECO 215 Political Economy I

3 Credit(s)

This course deals with the combined economic-political process as related to society’s desire to efficiently allocate scarce resources among competing socially desired goals. Course material will explore the various political economic theories relative to competition, command (power), and change. The merits of these theories will be critically evaluated relative to efficiency, fairness and democracy. The course will focus attention on the economic realities of present day society as it debates the pros and cons of a free market system (capitalism). Three lecture hours per week. No previous study of economics is presumed. Elective for Economics majors and minors. Division III elective for all other majors. Not open to students who have taken ECO101. This course is offered on a periodic basis.