2022-2023 Academic Catalog 
    
    Mar 02, 2024  
2022-2023 Academic Catalog [Archived Catalog]

ECON 203 - Principles of Economics


Credits: 3
This course introduces the economic perspective on decisions currently faced by individuals, businesses, and society. Basic economic principles and methods are used to address both microeconomic and macroeconomic topics, with a focus on the modern market economy.  Essential content includes the laws of supply and demand; the behavior of consumers and firms; the function of resource markets; macroeconomic measures of economic growth, unemployment, and inflation; the use of fiscal and monetary policy to achieve macroeconomic goals; and an overview of international trade.
Prerequisite: ENGL-104 or ENGL-204H, MATH-116 or higher