May 04, 2024  
2020-2021 Undergraduate Catalog 
    
  Catalog Home
  Correspondence
  Academic Calendar 2020-2021
  General Information
  Student Development
  Student Policies
  Admission
  Transfer Students
  Advantage Institute for Professional Studies
  Expenses, Payment, Refund Policies and Financial Aid
  Academic Information
  Academic Policies
  CORE 42
  Core Curriculum
  Programs of Study
  Course Descriptions
  Administration & Undergraduate Faculty
  Campus Map 2019 -2020
HELP
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

EC 201 - Principles of Economics (3)

An introduction to thinking like an economist and the fundamental microeconomic and macroeconomic concepts which provide the background for economic analysis. Economic concepts include decision making, tradeoffs, scarcity, and economic systems. Microeconomic concepts examine the behavior of households, firms, and government in a supply and demand framework of a market-based economy. Macroeconomic concepts include GDP, unemployment, inflation, economic growth, Aggregate Demand & Aggregate Supply, and the basics of monetary policy and fiscal policy. 2020 CORE: Liberal Arts, Social Sciences. FA.