Principles of Microeconomics
Principles of Microeconomics deals with choices made by individuals, families and organizations as they use limited resources. Specifically, how buyers and sellers make their decisions in a marketplace. Students analyze various market conditions and public policy options. Topics covered include consumer behavior, small businesses, big corporations, monopolies, public policy concerns regarding efficiency, equity, and the environment. Fall.
Principles of Macroeconomics
Principles of Macroeconomics explores possible solutions to national economic problems such as inflation, unemployment, economic cycles, budget planing, and trade deficits. Students cosider Federal Reserve policy, interest rates, taxation, and exchange rates under various scenarios. Spring.
International Economic looks at the trade relations among nations. Students examine the institutions and practices that promote or hinder trade relations. Topics include: free trade vs. protectionism, international monetary systems, global economic integration, international competitiveness, and developing economies in a new world order. Offered selectively.
Prerequisite: EC 111 or EC 112 or permission. Group: II.