ECO 2000 Introduction to Economics

In this course, students examine 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, monetary and fiscal policy, and the national debt.

3 credits