Students of economics study how people choose to use resources. Studies also includes the use of labor, land, and capital investments, of money, income, and production, and of taxes and government expenditures. Students seek to measure well-being, to learn how well-being may increase over time, and to evaluate the well-being of the rich and the poor.
|EC 200||Principles of Economics: Introduction, Institutions & Philosophies||4||
Introduces basic economic concepts including; microeconomics, macroeconomics, the history of economic ideas, international trade and a variety of economic issues. Recommend: MTH 95. Prerequisites: WR 115, RD 115 and MTH 20 or equivalent placement test scores. Audit available.
|EC 201||Principles of Economics: Microeconomics||4||
Introduces the principles of microeconomics. Enhances the ability to recognize and analyze economic problems in the United States. Covers the American microeconomic system, which includes a familiarization with the basis of the price system and resource allocation; the operation of the firm; market concentration; regulation and antitrust policies. Recommended: MTH 95. Prerequisites: WR 115, RD 115 and MTH 20 or equivalent placement test scores. Audit available.
|EC 202||Principles of Economics: Macroeconomics||4||
Covers the overall economy. Includes the basic reasons for and the problems of recession, inflation, and stagflation; the use of monetary, fiscal, and incomes policies; and other economic management tools. Recommended: MTH 95 and EC 201. Prerequisites: WR 115, RD 115 and MTH 20 or equivalent placement test scores. Audit available.