Program Overview

ECON 1000 - Contemporary Economic Issues

The course ECON 1000, Contemporary Economic Issues, covers a range of topics related to economics.

Course Topics

The topics covered in this course include:

• Foundations of Economics
• Fundamental Economic Questions and Gains from Specialization
• Economic Systems: Capitalism versus Socialism
• How a Market System Functions
• Surplus, Efficiency, and Deadweight Loss
• Measuring Macroeconomic Outcomes
• Economic Growth
• Market Failure and the Allocation Function of Government
• Government Failure
• The Distribution Function of Government
• The Stabilization Function of Government

Exam Coverage

Exams in this course are designed to test students' understanding of the topics covered. The exam coverage includes:

• Exam 1: Foundations of Economics, Fundamental Economic Questions and Gains from Specialization, Economic Systems: Capitalism versus Socialism, and How a Market System Functions
• Exam 2: Surplus, Efficiency, and Deadweight Loss, Measuring Macroeconomic Outcomes, Economic Growth, and the initial portions of Market Failure and the Allocation Function of Government
• Exam 3: The final portions of Market Failure and the Allocation Function of Government, Government Failure, The Distribution Function of Government, and in some cases, the initial portions of The Stabilization Function of Government

Homework Assignments

Homework assignments are given to reinforce students' understanding of the course material. The assignments cover various topics and are designed to help students prepare for exams.

Course Offerings

This course has been offered in various semesters, including:

• Fall 2025
• Summer 2025
• Spring 2025
• Fall 2024
• Summer 2024
• Fall 2023
• Summer 2023
• Maymester 2023
• Spring 2023
• Fall 2022
• Summer 2022
• Maymester 2022
• Spring 2022
• Fall 2021
• Summer 2021
• Maymester 2021
• Spring 2021
• Fall 2020
• Summer 2020
• Maymester 2020
• Spring 2020
• Fall 2019
• Summer 2019
• Spring 2019
• Summer 2018
• Maymester 2018
• Spring 2018
• Fall 2017
• Summer 2017
• Spring 2017
• Fall 2016

Each semester may have slightly different topics, exam coverage, and homework assignments, but the overall course structure remains the same.