Principles of Economics

Catalog description

This course provides an introduction to macroeconomic and microeconomic fundamental principles. Supply and demand, market equilibrium, scarcity and choice, factors of production, unemployment and inflation, gross domestic product and its relationship to BUSNs cycles will be covered. Price ceilings, price floors, costs and profit maximization and market structures will also be stressed. Students will understand the influence of economic principles on the domestic and global BUSNs environment. G/US G/W Prerequisite: MATH 097 or equivalent. Offered: F and Sp.