Economics

Economics (ECO)

Economics is the study of the choices we make coping with scarce resources, and the incentives that influence those choices. It includes topics ranging from price systems and national income to the forces of supply and demand in various markets.
We offer coursework appropriate for students ultimately pursuing an advanced degree in Economics, as well as training appropriate for students in the fields of law, business, finance, marketing, operations research, and urban planning--working in businesses, government agencies, or schools and colleges.

Students planning to transfer are advised to verify senior-institution requirements, which vary.

Economics Faculty

Art Meyer
Office: MNRD 1180
217.786.2281
Art.Meyer@llcc.edu

Art Meyer
Office: MNRD 1180
217.786.2281
Art.Meyer@llcc.edu

Economics Learning Outcomes

Upon successful completion of Economics coursework, a student shall be able to:

Understand, explain, and apply economic models. For example, a model of supply and demand can be used to understand changes in bond prices
Construct economic charts and graphs. For example, a student should be able to construct a graph with supply and demand curves, and a student should be able to properly label axes and curves
Use the vocabulary of economics to express their ideas about the economy. For example, a student should be able to define terms such as recession, inflation, unemployment rate, etc
Analyze the economy with the tools of fiscal and monetary policy. For example, students should be able to explain how a change in government expenditures can change real GDP.
Compare economic systems. For example, students should be able to compare and contrast capitalism with a command economic system

Upon successful completion of Economics coursework, a student shall be able to:

Understand, explain, and apply economic models. For example, a model of supply and demand can be used to understand changes in bond prices
Construct economic charts and graphs. For example, a student should be able to construct a graph with supply and demand curves, and a student should be able to properly label axes and curves
Use the vocabulary of economics to express their ideas about the economy. For example, a student should be able to define terms such as recession, inflation, unemployment rate, etc
Analyze the economy with the tools of fiscal and monetary policy. For example, students should be able to explain how a change in government expenditures can change real GDP.
Compare economic systems. For example, students should be able to compare and contrast capitalism with a command economic system