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Dec 27, 2024
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2017-2018 [ARCHIVED CATALOG]
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ECON 208 - Principles of Economics Credits: 3
This course is designed to offer non-economics major students a broad understanding of the world around them at both a microeconomic and a macroeconomic level. Firm decision-making tools and consumer choice mechanisms will be studied. More specifically, the role of the market and its structures will be analyzed through the theory of supply and demand, including price and quantity determination, price elasticity, and the role of government in regulating market size and in addressing market failures. Production function, profit maximization conditions, and the basics of firm behavior will help the student to understand some aspects of the firm decision-making process. At a macroeconomic level, several aggregate variables will be studied, including GDP, the consumer price index, the monetary system, and economic policies implementation. This course may not be used to satisfy requirements for an undergraduate business degree.
Grade Mode: Normal (A-F,I,W)
Schedule Type: Lecture
Term Offering: Fall, Spring
College Code: SBA
Click here for the Schedule of Classes.
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