Economics

Classes

EC 201 : Principles of Economics: Microeconomics

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.

Credits

4

Prerequisites

Equivalent placement test scores also accepted.

Upon successful completion, students will ne able to:

  • Think critically and formulate independent and well-considered conclusions about economic issues and
    policies.
  • Effectively participate in the political process and the economy by utilizing an understanding of the historical
    evolution of economic systems, institutions and ideologies.
  • Make rational decisions based on rudimentary marginal analyses.
  • Understand market structures and market power.

EC 202 : Principles of Economics: Macroeconomics

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.

Credits

4

Prerequisites

Equivalent placement test scores also accepted.

Upon successful completion, students should be able to:

  • Think critically and formulate independent and well-considered conclusions about economic issues and
    policies.
  • Effectively participate in the political process and the economy by utilizing an understanding of the historical
    evolution of economic systems, institutions and ideologies.
  • Understand different paradigmatic perspectives regarding the stability or instability of the macroeconomy.
  • Evaluate different public policy options for addressing macroeconomic issues and problems.
  • Make rational decisions based on rudimentary marginal analyses.