Economics (ECON)

110 (5) Survey of Economics

GER-SS

An overview of both microeconomics and macroeconomics. Topics include: (1) organization and operation of the U.S. economy including unemployment, inflation, and GDP issues; fiscal and monetary policies; (2) supply and demand; production; market structures; determination of prices in a market economy; and income distribution.

212 (5) Principles of Microeconomics

GER-SS,QS

Prereq: MATH 098 or equivalent with a grade of 2.0 or better or placement test score above MATH 098.

Study of scarcity; the allocation of resources; supply and demand; production; market structures; determination of output and prices with emphasis on a market economy; labor and capital markets; role of government in a market economy; comparative advantage; international trade; and distribution of income.

213 (5) Principles of Macroeconomics

GER-SS

Prereq: MATH 098 or equivalent with a grade of 2.0 or better or placement in MATH 121 or higher

Study of the organization and operation of the U.S. economy including unemployment, inflation, and GDP issues; the business cycle and long run growth; national income accounting; aggregate supply and aggregate demand; government spending, taxation, and the budget deficit/surplus; fiscal policy; the monetary system, the Federal Reserve Banking System; monetary policy; interest rates; and international trade.