Principles Of Economics

Catalog description

Economics is the study of decision making under conditions of scarcity. This course looks at the behavior of the individual consumer and firm and their interaction with the government. The second half of the course studies the macroeconomy and focuses on the causes of inflation, unemployment, and interest rate changes. The international economy also will be studied. No credit for management students. Typically offered Fall Spring Summer.CTL:ISH 1040 Introduction To Economics General Education: Social Sciences Course Learning Outcomes 1. Identify costs and benefits involved in economic decision making. 2. Predict market equilibrium and changes in equilibrium. 3. Evaluate the efficiency of market equilibrium. 4. Express and interpret economic theories and data using various visual representations (e.g., graphs, tables, charts). 5. Calculate basic measures of macroeconomic performance and the forces that influence those measures. View Class Schedule