Prerequisite: MATH 1111
An analysis of the economics of production in American society. Particular
emphasis is given to the study of fiscal and monetary policies, and to
the study of the impact of government upon the functioning of these industries.
Topics include marginal productivity analysis, graphic models, national
income analysis, and the importance of the labor market in American industry.
ECON 2105 Principles of Macro Economics
3-0-3
Prerequisite: MATH 1111
This principles of economics course is intended to introduce students
to concepts that will enable them to understand and analyze economic aggregates
and evaluate economic policies. An analysis of the economics of production
in American society. Particular emphasis is given to the study of fiscal
and monetary policies, and to the study of the impact of government upon
the functioning of these industries. Topics include marginal productivity
analysis, graphic models, national income analysis, and the importance
of the labor market in American industry.
ECON 2106 Principles of Micro Economics
3-0-3
Prerequisite: MATH 1111
This principles of economics course is intended to introduce students
to concepts that will enable them to understand and analyze structure and
performance of the market economy. This course deals principally with economic
theories of consumer behavior and business decision-making. Concepts which
will be studied include competitive environment; consumer equilibrium point;
supply and demand curves; production and cost functions; determinations
of optimum quantity; price profit, costs, and other relevant decision variables.