Strengths and weaknesses of markets and governments for solving problems of social organization or conflict, including policy response to inflation, unemployment, pollution, poverty, growth, etc.
You must achieve a Pass on assignments 1 through13 and achieve a B (83%) on assignments 14 and 15 to pass the course. You can resubmit assignments 1 through 13, and you cannot resubmit assignments 14 and 15. Exam retakes are not allowed for the second midterm and final exams. If you retake the first midterm exam, you must retake it before taking the second midterm exam. You will also need access to a document scanner to submit your homework. This course is part of BYU's The Physical World and World Affairs GE Mosaic. Students should buy the version of Economics and Public Policy, containing the workbook (which is inside the book). Please be aware that this is a challenging course, and students should be prepared to take this course largely independently. Online access is required for this course. NOTE: Students, please purchase your text through the BYU Store; texts purchased elsewhere are often old editions or current editions with all or part of the homework removed and without access to an Internet-based workbook, which will not work for the course. The minimum amount of time necessary to complete the course is 12 weeks. It will not be possible to make special accommodations that will permit completion of the course in fewer than 12 weeks, so please plan accordingly. The exams are only available to be taken in a paper format. Please plan for shipping time.
Course Outline: 
  1. Scarcity, Choices, and Costs
  2. Organizing an Economy, and Choices of Marginal Analysis
  3. Supply and Demand
  4. Market Competition
  5. Prices, Profits, and Trading
  6. Market Weaknesses, and Government Policies
  7. Monopoly, Cartels, and Public Policy
  8. Externalities, Public Goods, Information, and Uncertainty
  9. Economic Growth, Stagnation, Fluctuation, and More Supply and Demand
  10. Aggregate Supply and Demand 1
  11. Aggregate Supply and Demand 2
  12. Inflation
  13. Macroeconomic Policy
  14. Assignment 14
  15. Assignment 15