Academic Affairs Office

Economics Course Descriptions

ECON 101 Principles of Economics* - 4 Credit Hours - 4 Contact Hours
Prerequisite:  MATH 040    Offered Fall, Winter, and Summer

A course appropriate for economics, social science, business administration, and engineering majors, and any other students interested in how their economic system works.  This is a course in macroeconomics, which attempts to show how a market system determines levels of employment and unemployment, and the factors affecting inflation and economic growth.  Various theories of the macro economy are examined.  Government attempts at economic stabilization, including the role of the Federal Reserve System are discussed.

ECON 102 Principles of Economics* - 4 Credit Hours - 4 Contact Hours
Prerequisite:  MATH 040     Offered Fall and Winter.

A course in microeconomics, especially suited for social science, business and engineering majors.  Various types of competition and how these affect decision making by the firm are discussed.  Price and output determination by the firm are also examined.  Other topics include the pricing of resources, the role of trade unions, international trade and finance, income distribution and poverty, and the basic characteristics of the economic systems of selected countries other than the United States.

*Denotes course that contains and International Component.