Principles of Economics I. ((3 Credits))

Catalog description

Prerequisite(s): MATH 1050 , MATH 1055 , MATH 1090 or higher or appropriate test score Teaches basic concepts and tools from the fields of Microeconomics and Macroeconomics. Focuses on the tenets of economic analysis and explains how consumers, producers and other economic agents make decisions, as well as the outcomes of their interactions. Provides the needed framework for business students to understand the role of macroeconomic policies in the US, including GDP measurement, inflation and unemployment. Uses lectures, class discussions, and a variety of in-class activities to promote engaged learning. Required for all business students. Lab access fee of $13 for computers applies.