Economics 301

ECON 301: The Economics of Entrepreneurship

Prerequisites: ECON 105 or ECON 106

Credit Hours: (3)

Examines the nature and significance of the entrepreneurial drive throughout history, focusing on the role that this drive has played in the economic growth of countries, how public policy has fostered this drive, and how this drive is unfolding, both locally and globally, in our current era of rapid technological innovation through interactive activities.

Note(s): Applied Learning designated course.


Detailed Description of Content of the Course

The purpose of this course is to develop in students an understanding and appreciation of the entrepreneurial spirit.

The following topics will be covered:

        - What is the entrepreneurial spirit?

        - Resource-based (labor, capital, land) theories of entrepreneurship

        - Entrepreneurship in society, economic growth, and public policy

        - The political economy of entrepreneurship

        - Entrepreneurship and global capitalism

        - Entrepreneurship and the financial community - risk and return

        - The economics of innovation policy

        - Entrepreneurship in the new service economy


Detailed Description of Conduct of the Course

Lectures, class discussion, written assignments, oral presentations, exams, or course homework.


Goals and Objectives of the Course

Students, who successfully complete the course, will be able to:

1) Analyze resource allocation options in an entrepreneurial model

2)Assess how governmental policies can promote the entrepreneurial drive

3) Explain economic behavior under conditions of risk and uncertainty

4)Analyze how changes in economic variables affect decisions of firms, households, and equilibrium in markets (SLO 6)

5)Students apply acquired knowledge and skills to develop professional identity or professional practice.

6) Students critically reflect on their learning abilities, experiences, or role within professional contexts.

Assessment Measures

Students will be assessed through examinations, in class activities, and written assignments (e.g., a paper on entrepreneurial strategies).


Other Course Information       



Review and Approval

Date Action Reviewed by

January 2008 New course N. Hashemzadeh, Chair

April 16, 2012 Revised

March 01, 2021