2016-2017 Undergraduate General Catalog


100

ECON 120 Principles of Economics I

A study of the historical evolution of economic thought and economic systems with major emphasis on the "market system" (capitalism). Topics include scarcity, economic systems, supply and demand, competition, monopoly power, income distribution and the role of government in the economy.

Credits

3

ECON 121 Principles of Economics II

A study of the aggregate economy (including the international economy). Topics include national income accounting, economic indicators, business cycles, economic growth, the role of money in the economy, and monetary and fiscal policies. Alternative schools of economic thought are also presented.

Credits

3

Prerequisites

ECON 120