This course exposes the student to fundamental economic theory and practice. The course includes exposure to human behavior and decision-making related to the microeconomic concepts of scarcity; availability of resources; supply and demand; opportunity cost; and pricing in competitive and non-competitive markets. Macroeconomic principles covered in this course include aggregate supply and demand; analysis of production; employment and unemployment; monetary and fiscal policy in the US; and stabilization of the economy.
(General Education: SS)
4 hours of lecture per week