Principles of Economics

Catalog description

Credits 3. 3 Lecture Hours. (ECON 2301) Principles of Economics. Study of the overall performance of the economy and the forces that drive growth, inflation and unemployment; measuring and interpreting key indicators such as GDP, prices and labor-market outcomes; examines fiscal and monetary policy tools and their influence on output, employment and prices; applications may include the effects of taxation, government debt and international trade on macroeconomic stability and long-term prosperity; emphasizes how macroeconomic reasoning informs business and policy decisions. Prerequisites: ECON 202 or approval of undergraduate advisor; also taught at Galveston campus.