Students will learn economic concepts around profit maximization, goods and services, price elasticity, international trade and how supply and demand trends impacts price and the economy. Students must successfully complete course ECON 2123 and ECON 2143 with a grade of “C” or higher.
ECON 2123 - Principles of Microeconomics (3 credit hours) - The student will apply micro-economic theories in analyzing concepts by which business maximizes profit, consumers maximize satisfaction, government allocates goods and services, and international trade affects the domestic economy.
ECON 2143 - Principles of Macroeconomics (3 credit hours) - This course is a continuation of the Principles of Microeconomics involving the production, consumption and distribution of wealth in a market economy, with major emphasis macroeconomics theory, particularly the general price level, output and income, and interrelations among sectors of the economy, determinants of aggregate demand and aggregate supply, as well as monetary and fiscal policy tools that can be used to achieve particular policy objectives. The basics of international finance will be reviewed.
Way Around.
