Economics (EC)

Michael E. Stephens College of Business

 

(GE) = Approved General Education Course

231 Introduction to Macroeconomics, 3 credit hours (GE)
Basic economic concepts, aggregate income, employment and output, money and banking, inflation, monetary and fiscal policy, and international economics and comparative systems.

232 Introduction to Microeconomics, 3 credit hours (GE)
An explanation of the market determination of and the individual household’s response to demand, supply, and price in both product and factor markets.

307 World Economy, 3 credit hours
Focuses on financial factors—interest rates, inflation, exchange rates, the balance of payments—related to international trade, and their role in the formulation of national economic policy. Includes an examination of the theoretical basis for trade between countries, the existence of trade barriers, and the effects of U.S. trade policy on the multinational corporation. Prerequisites: AC 222, EC 231 and 232, and junior standing.