This course is an introduction to the basic economic concepts in micro and macroeconomics. Tonics analyzed include: scarcity, supply and demand, costs of production, the price mechanism, market structures, national income, money and banking, the public sector, distribution of income and an introduction to alternative economic systems. The influence of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of economic theories. Discussions, basic quantitative and written analysis and evidence based research are encouraged. Three lecture hours per week. Not open to Economics majors or Business Administration majors. Elective for all other majors.
Prerequisite: Satisfaction of the Basic Math Competency requirement.
This course fulfills these general education curriculum requirements: Quantitative Reasoning