Presents a broad overview of economic theory, history, development, and application. Introduces terms, definitions, policies, and philosophies of market economies. Provides some comparison with other economic systems. Includes some degree of exposure to microeconomic and macroeconomic concepts. Lecture 3 hours per week.

Introduces macroeconomics including the study of Keynesian, classical, monetarist principles and theories, the study of national economic growth, inflation, recession, unemployment, financial markets, money and banking, the role of government spending and taxation, along with international trade and investments. Prerequisite: English placement recommendation for ENG 111, mathematics placement recommendation at level 2 or higher, and satisfactory completion of ENG 4 if required by reading placement test. Prerequisites may be waived only by school approval. Lecture 3 hours per week.

Introduces the basic concepts of microeconomics. Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticity's, marginal benefits and cost, profits, and production and distribution. Prerequisite: English placement recommendation for ENG 111, mathematics placement recommendation at level 2 or higher, and satisfactory completion of ENG 4 if required by reading placement test. Prerequisites may be waived only by school approval. Lecture 3 hours per week.

02.18.08