Economics

3 class hrs/wk, 3 cr.

Introduces the economic concepts and analysis in the process of studying important issues in modern society: poverty, income distribution, health care systems, and development strategies.

Prerequisite: MTH070.

F, W, Sp, Su

4 class hrs/wk, 4 cr.

Introduces microeconomic theories of how a capitalist society operates. Covers the concepts of surplus product, commodity production, price elasticity, revenue, production and cost, profit, competitive and imperfectly competitive markets, market power, antitrust, externalities, (de)regulation of business, income distribution, poverty, and labor (factor) markets.

Prerequisite: MTH095 and EC202.

F, W, Sp, Su

4 class hrs/wk, 4 cr.

Introduces macroeconomic theories of how a capitalist society operates. Covers the concepts of aggregate supply and demand, fiscal and monetary policies, international trade, money and banking, the Federal Reserve, business cycles, poverty, unemployment, and inflation.

Prerequisite: MTH095.

F, W, Sp, Su

3 class hrs/wk, 3 cr.

Emphasizes such global issues as economic growth, environmental protection, rent, interest and profit, international trade and finance, and international development.

Sp