Economics [ECN]

PRE-REQS: Take 1 group # Take MTH-1030 MTH-1100 MTH-1310 MTH-2210 MTH-2320 or MTH-2700 # Take MTH-1210 MTH-1220 NSM-2500

This course covers introductory microeconomics and macroeconomics with particular attention given to the U.S. economy and global issues. The microeconomic portion introduces the discipline and fundamental tools of economics. It proceeds to study the workings of a price system and theories of consumer and firm decision making. It further analyzes particular market structures characterized by perfect and imperfect competition, reviews the strengths and weaknesses of a market economy, and considers the government’s role in correcting market failures and promoting competition. The macroeconomic portion studies the domestic and international forces that govern the determination of the aggregate level of economic activity and stabilization policies used to manage business cycles. The course will further explore the causes and effects of inflation and unemployment, the importance of international trade, trade policy and economic integration.

PRE-REQS: Take 1 group # Take MTH-1030 MTH-1100 MTH-1310 MTH-2210 MTH-2320 or MTH-2700 # Take MTH-1210 MTH-1220 NSM-2500