Overview

This program will help learners study the behavior of consumers, firms, and governments about their use of scarce resources. The learner will explore the topic of national income determination and analyze how equilibrium national income is achieved.

Learners will deepen their understanding of the nature of consumers and firms as well as further analyze more complex microeconomic agents and their issues. Examines the peculiar characteristics of the economies of the Caribbean and focuses on their socioeconomic situation.

Learners will use the skills, knowledge, and competencies acquired in the Economics, Trade, and Finance program courses to investigate an economic issue, apply the theory, and make recommendations.

Objectives

This programme seeks to;

  • Apply concepts and principles associated with international trade.
  • Examine international trading systems within the region and the rest of the world.
  • Determine the equilibrium level of National Income of an economy.
  • Explain economic events by integrating qualitative and quantitative data.
  • Explain key economic terms.
  • Discuss the work of prominent Caribbean economists such as Sir Arthur Lewis and Lloyd Best.
  • Discuss the relevant economic concepts and gain experience in the areas of data collection, data processing, and report writing.
  • Apply economic-based knowledge, skills and competencies gained in program courses.
  • Explore additional skills which may be required to ensure career readiness.

Learning Outcomes

Upon completion of this programme, learners will be able to;

  • Examine macroeconomic issues relevant to all economies in the global economy.
  • Calculate average and marginal propensities.
  • Assess income and substitution effects of price change.
  • Differentiate between microeconomics and macroeconomics.
  • Analyze the structural characteristics of the Caribbean.
  • Describe the various economic problems that economies face.
  • Explain the different ways of deriving National Income Accounts.

Pathways

What careers and opportunities await you after this course ...?
Accounting
Budget Analysis
Data Analysis
Financial Analysis

Entry Requirements

  1. Secondary school students require a minimum of five (5) CSEC passes (Mathematics and English required). See General Entry Requirements for more information.
  2. CSEC passes in any of the following subjects;
    • Economics
    • Social Studies
    • Principles of Accounts
    • Principles of Business
Apply Now Admission Requirements

Programme Summary

  • This programme runs for two (2) years and consists of four (4) semesters.
  • Each year consists of two (2) semesters.
  • There is a total of 66 Credits to be scored.
  • Critical Reading and Writing (GE) (4 Credits)
  • Algebra Essentials (GE) (4 Credits)
  • Natural Sciences: Humans and the Environment (GE) (3 Credits)
  • Introduction to Microeconomics (PC) (3 Credits)
  • Introduction to Macroeconomics (PC) (3 Credits)
  • A Survey of Saint Lucian History and Heritage (GE) (3 Credits)
  • Modern Language (GE) (3 Credits)
  • Speech Self, and Society (GE) (3 Credits)
  • The Caribbean Economy (PC) (3 Credits)
  • Principles of Financial Accounting (Elective) (3 Credits)
  • Elective (3 Credits)
  • Principles of Management (PC) (3 Credits)
  • Intermediate Microeconomics (PC) (3 Credits)
  • Intermediate Macroeconomics (PC) (3 Credits)
  • Global Economics (PC) (3 Credits)
  • Introduction to Finance (PC) (3 Credits)
  • Ethics and Professional Development (GE) (3 Credits)
  • Natural Sciences: The Place of the Arts in the Caribbean Economy (GE) (3 Credits)
  • Economics Practicum (3 Credits)
  • Statistical Applications (PC) (4 Credits)
  • Elective (3 Credits)

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