Economics

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Economics Eco 201 Prin of Economics I - (Macro) Lecture: 3 hrs. Credit: 3 hrs. An examination of the current mixed American economic system; introduction to economic theories and methods; the macroeconomic theory of national income analysis and fiscal policy; the nature of money and banking in the U.S.; the Federal Reserve system and monetary policy; economic growth. Introduction to both the principles of this discipline and basic economic forces currently prevailing in the United States. Second year student preferred. Eco 202 Prin of Economics II - (Micro) Lecture: 3 hrs. Credit: 3 hrs. A microeconomic analysis of the basic market forces of supply and demand; the price mechanism, utility maximization by consumers, profit maximization by firms in competitive and monopolistic markets. Introduction to an examination of current national economic issues involving the pricing principles of this discipline. Second year student preferred.

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