Title: Module 1 Introduction: (CU1 M1)
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 1 Module 1 - Economic Foundations

This Module will provide an introduction to major economic ideas, how economists use economic models, and how microeconomics differs from macroeconomics. In particular, the Module examines key assumptions economists make about individual behavior, addresses how societies choose which goods and services are produced, and describes the steps involved in the development and use of economic models. The Module includes a review of using graphs and mathematical formulas.

Module Outcomes:

- Understand individual decision making.
- Understand different ways societies decide on production of goods and services.
- Describe the steps in developing an economic model.
- Distinguish macroeconomics from microeconomics.