ECONOMICS

ECONOMICS

ECONOMICS 211: Macroeconomic Principles (ECON 211, 3 Credits)
Survey of government fiscal and monetary policy tools to manage inflation, unemployment and growth. Covers national accounting system, aggregate demand and supply, and impact on macroeconomic variables affecting savings & investment, income & wealth, money & interest rates, credit & capital and international trade and exchange. Prerequisite for: IDS 306.

ECONOMICS 212: Microeconomic Principles (ECON 212, 3 Credits)
Examination of fundamental concepts and tools for understanding the economic behavior of households, firms, and markets. Covers demand and supply, marginal analysis, production costs, profit maximization and pricing of resources. Explains price and output decisions in various market structures. Applications of microeconomic analysis in addressing public, social, environmental and global issues and problems.