ECO 103 - Individual and Social Choice is in the Middle Core of the General Education program at Illinois State University. It is in the "Individuals and Societies" area in which one course is required. The course is taught by Dr. David Loomis, Assistant Professor of Economics at Illinois State University. Before coming to Illinois State in 1996, Dr. Loomis worked as a research economist at Bell Atlantic Corporation. The purpose of this course is to help students develop an appreciation for the complexity and interdisciplinary nature of social issues. While the approach emphasizes the analytical methods of economics, we also consider the types of questions other disciplines might seek to answer with respect to specific issues. The primary focus of the course is the choices that must be made by individuals and society - in making choices. Upon completion of this course, students will be able to: Explain the role technology and technological advance play in determining the production possibilities for an economy, and the benefits and costs of technological advance, Use basic economic principles and concepts to better understand issues that confront individuals and societies and, separately and in conjunction with other disciplinary perspectives, formulate policies to address specific issues, Describe the economic dimension of important social issues such as women and work, and income distribution and poverty, and explain the types of policies that can, and are used to address specific problems, such as discrimination in labor markets, and Explain the importance of critically evaluating alternative positions on issues by evaluating them in the context of a well-defined set of guidelines and principles
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