Form XX:  Revised February 15, 2000                          Certification/Endorsement CODE: ______

 

   MICHIGAN STATE BOARD OF EDUCATION

   PERIODIC REVIEW/PROGRAM EVALUATION

 

  SUMMARY OF COURSE REQUIREMENTS FOR SPECIALTY STUDIES PROGRAM

 

 

Institution:__Lake Superior State University__  Date:_____February 5, 2005_

 

Specialty Studies Program:_______CA Economics____

 

Program Standards:____Content guidelines___  Standards Date:____January 2002__

 

Program Contact Person(s):_Linda Schmitigal,

Chair, School of Business, Economics, and Legal Studies

 

DIRECTIONS:  On the matrix below, list the required courses for this specialty studies program.  Also, indicate the number of electives and any special considerations that apply.  In addition to listing the course title, course number, and course semester hours, please indicate whether the course is required for the secondary major or minor, elementary major or minor, the K-12 major or minor, and/or an endorsement.

 

Course Title	Course Number	Sem. Hours *	Elementary		Secondary		Endors.
			Maj.	Min.	Maj.	Min.
Personal Finance	FN242	3				X	x
Principles of Macroeconomics	EC201	3				X	x
Principles of Microeconomics	EC202	3				X	x
US History II	HS132	4				X	x
Economic Geography	GG302	4				X	x
Introduction to American Government and Politics	PS110	4				X	x
Business, Economics, and Society	BA403	3				X	x
Economics Teaching Method	TE490	1				X	x
		25				25	25
Total Number of SEMESTER HOURS required for each option offered:   * If the institution assigns a different type of    credit, please convert to semester hours.

 

Please provide descriptions for all courses contained on the above listing. Descriptions must provide enough information to show that standards could logically be met in these courses.

 

FN242 Personal Finance (3,0).  An introduction to the principles of personal financial planning.  Topics include the finance planning process, credit and borrowing fundamentals, analysis of savings, investments and taxes, individual insurance, retirement and estate planning.  Prerequisite:  MA086 or equivalent/ satisfactory score on ACT or Placement exam.

 

EC201 Principles of Macroeconomics (3, 0).  Nature and scope of economics; national income accounting; problems of unemployment and price instability; public revenues and expenditures; money and banking; fiscal and monetary policies to promote stability and economics growth.  Prerequisite:  MA086 or equivalent/satisfactory score on ACT or Placement Exam.

 

EC202 Principles of Microeconomics, (3,0) Principles of economic reasoning, supply and demand analysis; theories of production, price and output determination under each of the four market structures; factor returns and income distribution theories; public policy implications.  Prerequisite:  MA086 or equivalent/satisfactory score on ACT or Placement Exam.

 

HS132 United States History II (4,0) A study of United States history from the end of the Civil War to the present.

 

GG302 Economics Geography (4, 0).  A study of the internal and external interrelationships of the various economic groupings of the world; i.e. North America, Europe, and the emerging third world.

 

PS110 Introduction of American Government and Politics (4,0).  An introductory survey of American national government and politics.

 

BA403 Business, Government, and Society (3,0).  This course examines the relationships of the business firm to government and to society.  The course focuses on the economic, legal, political, social and ethical environment of business firms.  topics include consumer protection, environmental regulation, antitrust, constitutional and administrative law, alternative dispute resolution, and other topics of current concern.  The business firm is examined in the context of market capitalization and the global economy.  The course is structured to meet communication-intensive requirements of general education.  Prerequisites:  EC202 and junior standing.