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Introduces basic economic models and applies these models to current economic problems. Addresses related policy options and choices.
Prerequisite: MATH 079 or TECH 079
Analyzes basic microeconomic and macroeconomic principles, focusing on the market and price system, theory of the firm, consumer behavior, inflation, unemployment, total output, money and banking, the role of government, and international trade.
Introduces the characteristics of a market economy, focusing on price and output determination in individual product and resource markets, consumer behavior, the behavior of the firm, market structures, and comparative advantage.
Prerequisite: MATH 088 or TECH 088 or BUS 104 (was BSAD 104) and ENGL& 101 or BUS 190 (was BSAD 190).
Analyzes the aggregate economy focusing on: national income accounting, inflation, business cycle theory, unemployment, growth, money and banking, fiscal and monetary policies, international trade, and finance.
Prerequisite: ECON& 201 with a grade of C or better.