Economics in the Information Age surveys core micro- and macroeconomic concepts through the lens of how technology has reshaped consumers, producers, and markets.
What ECON 103 covers
A survey of basic concepts and principles in micro- and macroeconomics and how the economy has been affected by technology. The aim is to define and explain the key terms and concepts in economics and determine how technology has affected consumers, producers, and markets, as well as economic growth and policy.
Topics include how innovation affects labor markets, the value of information, and the role of technological change in the economy.
Typical ECON 103 assignments
Expect an assignment requiring you to explain a specific economic concept and analyze how a particular technology or innovation has affected it.
Key topics in ECON 103
- Basic micro/macroeconomic principles
- Technology's effect on markets
- Innovation and labor markets
- Value of information in the economy
Writing tips for ECON 103
Follow the assignment instructions and rubric line by line
UMGC assignments for ECON 103 are graded against a specific rubric or grading criteria your instructor provides — every requirement has to be visibly addressed. Skipping a requirement because it seems minor is one of the most common reasons a strong submission loses points.
Apply the theory to a real-world situation, not just define it
Economics courses like ECON 103 rarely reward a definition-only answer — evaluators want to see a specific economic theory or model applied to a real or realistic situation, with the mechanism explained, not just named.
Use actual data or a specific example to support your analysis
Strong economics work grounds its argument in real (or realistic) data, statistics, or a concrete example rather than asserting an economic outcome without evidence. Evaluators check whether your conclusion is actually supported.
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Why students seek help with ECON 103
Students sometimes define economic terms without connecting them to the specific technological change the assignment asks about — the rubric typically wants that technology-to-economics connection made explicit, not definitions alone.
How GradeEssays helps with ECON 103
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Place Your Order View All ServicesPrerequisites and course context
ECON 103 has no prerequisites. It is an introductory survey course, not part of the ECON 201/203 sequence.
Related courses
Frequently asked questions
No. ECON 103 has no prerequisites and is a standalone introductory survey course, not part of the ECON 201/203 sequence.
ECON 103 is a broad survey of both micro- and macroeconomic principles specifically through the lens of technology's impact on the economy, while ECON 201 and ECON 203 are the more traditional, separate macro and micro principles courses.