[ Skip Main Nav ]

Request Info Live Chat

(866) 766-0766

University of Phoenix

http://www.phoenix.edu

Foundations Of The Free Market System –

phl266

(3 credits)

This course is an exploration of the philosophy of economics, focusing on the study of the philosophical and historical foundations of the free-market system. The theories of Plato, Adam Smith, J. S. Mill, Karl Marx, and the great 20th-century economists are examined. Students explore the influences of these philosophers and economists on the development of the free-market economy, the rise of the middle class, and the concept of individual freedom. Attention is given to the origins of business organizations, the expansion of international commerce, the increasing role of technology in productivity, and the ever-increasing scale of global corporations. This course provides an example of how ideals are formed and how they change the world.
This undergraduate-level course is 5 weeks. To enroll, speak with an Enrollment Advisor.

  • Historical Foundations of Economic Thought: Ideas That Changed the World

    • Identify the historical events, individuals, ideas, and trends that formed the basis of current economic thought.

  • The Industrial Revolution

    • Evaluate the social, political, and technological impacts of the Industrial Revolution.
    • Recognize the relationships of land, labor, and capital in economic models.

  • Economic, Social, and Political Developments in Western Society

    • Trace the emergence of market philosophies.
    • Compare and contrast the role of the worker in free market and command economies.

  • Global Markets

    • Identify how technological innovations accelerated the development of global markets and international corporations.
    • Describe the development of global and regional trade associations.

  • Economic Development Challenges and Opportunities in the 21st Century

    • Assess the current problems facing economic development throughout the world.
    • Critique possible solutions for global economic challenges.
  • The University of Phoenix reserves the right to modify courses.
  • While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
  • Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

We're here to help

  • Request more information
  • Live Chat
  •  

Learn more today

Find out how we can help you meet your goals. Not all courses are available to residents of all states. Ask your Enrollment Advisor for details.

Loading...
It looks like you are using
Enhance your Phoenix.edu experience

You're using an older browser (a software program used to explore the web) which is not optimal for viewing the University of Phoenix website. Consider downloading a new browser to maximize your experience on this and other websites. Your new browser should display web pages properly, increase your web surfing speed and enhance your security.

Upgrade your browser
©2006-2011 University of Phoenix, Inc. All rights reserved.