ECO 2000 Introduction to Economics

This course examines both microeconomic and macroeconomic principles and problems. Students are introduced to the structure, functioning, and stabilization of a market-directed capitalistic economy. The microeconomic topics include supply, demand, and elasticity; and the profit maximizing behavior of the firm under the market structures of pure competition and pure monopoly. The principles underlying international trade, economic growth, and labor markets are also presented. The macroeconomic topics covered are the Great Depression, business cycle theory, Keynesian Revolution, money and banking, counter-cyclical monetary and fiscal policy, and the national debt. ECO-2000 does not satisfy the university requirement for either ECO-2013 or ECO-2023.

3 credits