Firstbridge courses are offered to degree seeking freshmen and registration is done via webform in pre-arrival checklist.
Course Master
Credits
4 credits
Pre-requisites
None
Co-requisites
None
This course is an introduction to key economic concepts and instruments that make up our modern economy. The course will focus on money, debt and tax in an attempt to understand when these things were invented and why. Our exploration will help us understand how our economy works and doesn’t work. We examine how money, debt and tax came about through an historical analysis of old and new texts, some well-known, others hardly at all. The kinds of questions you will be able to answer by the end of the course include: why does money, of all things, have the ability to exchange all goods? When was money first invented and how does it help our economy function? How can you just invent a new kind of money like a cryptocurrency? What is debt and what role does it play in society? Is debt good, bad or something else? When and why were taxes invented? Have you ever thought about how taxes can (or doesn’t) keep society together?
Term
Fall 2020
Discipline
EC (Economics)
Type
CCI
Can be taken twice for credit?
Off
Level
Undergraduate
CAMS ID
41397
Code
EC1099FB1
Learning Outcomes
Understand various functions of money, debt and tax in society.
Evaluate different narratives on the evolution of money, debt and tax.
Explain basic concepts of economics: opportunity cost, competition, inequality, marginal analysis, productivity, globalisation, division of labour, institutions, aggregate demand, poverty, business, profits and losses, revenues, wages, costs of production, foreign aid, trade.
Compare and contrast different interpretations of the concepts listed above.
Local and Global Perspectives: Students will enhance their intercultural understanding of languages, cultures, and histories of local societies and the global issues to which these relate (CCI 1).
Exploring and Engaging Difference: Students will think critically about cultural and social difference; they will identify and understand power structures that determine hierarchies and inequalities that can relate to race, ethnicity, gender, nationhood, religion, or class (CCI 3).
Civic and Ethical Engagement: Students will demonstrate awareness of ethical considerations relating to specific societal problems, values, or practices (historical or contemporary; global or local) and learn to articulate possible solutions to prominent challenges facing societies and institutions today so as to become engaged actors at various levels in our interconnected world (CCI 4).
Information Literacy: Students will comprehend how information is produced and valued in order to discover, evaluate, use, and create information and knowledge effectively and ethically. In FirstBridge, students will demonstrate the conversational nature of scholarship, and recognize their potential role and responsibilities as contributors to that conversation. For each discipline taught in FirstBridge, students will identify reference works, journals, databases and/or major works in history, in order to start effective research in the field.
Life at University: Students will acquire the study skills, time management, and interpersonal skills needed to meet the demands of university-level academic work at a Liberal Arts College individually or as a team. Students will value the multiple meanings of place through experiential learning at AUP and beyond in the Parisian or global context.
Name
HOW MONEY, DEBT & TAX MADE THE MODERN ECONOMY
First Name
Maria
Last Name
Bach
Real name
Section
FB1
Start Date
Tuesday, September 22 2020
End Date
Monday, December 21 2020
Start Month
September
Exam Date
Monday, December 21 2020 - 20:00
Last update with CAMS