Penn Foster College Eco II

[CMAC80]

Hi,
Does anyone know if Penn Foster College - Economics II will transfer to Excelsior College as Microeconomics? Also have anyone had any trouble transfering Penn Foster College courses to Excelsior.

Thanks for any information.

[ShotoJuku]

What is Eco II???

[CMAC80]

Economics II. It is one of the courses Penn Foster College offers. I am hoping that it is equivalent to Microeconomics.

[gus]

I think it should transferable, but according to ACE, it's the Macroeconomics course not Micro. Here's ACE's recommendation:

Economics II ACE Transcript Data: ICS-0050 Organization: Penn Foster College Location: Versions 1 and 2: Self-study. Length: Versions 1 and 2: Correspondence program. Dates: Version 1: April 1986 – June 1995; Version 2: July 1995 – Present Description: Version 1: Correspondence program. Student will be able to list reasons for differences in money income received by individual; differentiate economic problems facing countries; explain kinds of markets.; Version 2: Correspondence program. Student will be able to list reasons for differences in money income received by individual; differentiate economic problems facing countries; explain kinds of markets. Objective: Version 1: To provide the student with an understanding of general concepts of economics and specialized problems such as inequality and poverty.; Version 2: To provide the student with an understanding of general concepts of economics and specialized problems such as inequality and poverty. To provide the student with an understanding of general concepts of microeconomics. Learning Outcome: Version 1: Upon successful completion of this course, the student will be able to list and explain some of the reasons for differences in money income received by individuals; differentiate between the economic growth problems facing more versus less developed countries; identify and explain major differences between different economic systems; identify different kinds of markets; have an expanded understanding of macro and micro economic concepts; and have a knowledge of the economics of inequality and poverty.; Version 2: Upon the successful completion of this course, the student will be able to explain why externalities can market outcomes inefficient; discuss private solutions and government solutions to problems of externalities; explain graphically the effects of positive and negative externalities; use the Coase theorem to explain when an externality can be negotiated through the market; list the defining characteristics of a public good and a common resource; evaluate cost-benefit analysis as it applies to government programs; discuss the significance of poorly defined property rights in over-consumption of common resources; describe how the U. S. government raises and spends money; describe the tradeoff between efficiency and equity in the design of a tax system; and identify the major sources of revenue for our government at the federal, state, and local level. Instruction: Version 1: Major topics covered in the course are a continuing study of macro and micro economic concepts. Also includes a discussion of managerial economics. Emphasis is placed on the economics of inequality and poverty. The material is organized to answer two fundamental questions: (1) To whom shall resources be distributed? (2) When will the "poverty amidst plenty" problem be resolved? Methods of instruction include self study, texts, study guides, self administered tests, and proctored final comprehensive examination.; Version 2: Major topics covered include the economics of the public sector including externalities, public goods and common resources, and the design of the tax system; the costs of production; firms in competitive markets; monopoly; oligopoly; monopolistic competition; the markets for the factors of production; earnings and discrimination; the distribution of income; and the theory of consumer choice. Credit Recommendation: Versions 1 and 2: In the lower division baccalaureate/associate degree category, 3 semester hours in Economics or Macroeconomics (4/86) (7/90) (9/95) (12/00) (6/07).

[CMAC80]

Thanks Gus for your reply! I have the ACE report about Economics I and II but both state Macroeconomics. I am sure we are not going to learn same thing in both courses. I was wondering if anyone who attends Excelsior had this course approved for Microeconomics.

[gus]

You're absolutely right, ACE does list Economics or Macroeconomics for both courses, but looking at the version 2 instruction section of Eco II, it does seem like a full blown Microeconomics course and I think Excelsior won't have a problem accepting it (I'd refer to that same description above if any ambguity arises).

What's weird was that version 1 (pre June 95) seemed to have covered both Micro and Macro.