Economics

Econ 105 — Elements of Economics 3

Survey of economic principles for students planning no further formal study of economics. Analysis of factors influencing aggregate levels of output, employment, and prices; introduction to U.S. monetary system; price determination and resource allocation under competitive and monopolistic conditions. Review of selected contemporary economic issues. Spring

Econ 201 — Principles of Microeconomics 3

Nature, method, and scope of economic analysis: economic scarcity, resource allocation, supply and demand, production and cost, technology, product and resource market structures, distribution of income, and international trade. Open to freshmen. Pre- or Co-requisite: Math 103 — College Algebra. Fall, Spring

Econ 202 — Principles of Macroeconomics 3

Analysis of aggregate levels of income and employment, inflation, monetary and fiscal policy, the role of the U.S. economy as part of a world economic system. Prerequisite: Econ 201 — Principles of Microeconomics. Fall, Spring

Econ 300 — Money and Banking 3

Basic principles of banking governing loans, investments, deposits, liabilities, and capital. Bank organization, performance, and scope of services; nature of our current monetary system; limits to credit expansion; powers of the Federal Reserve System and the Treasury; monetary and fiscal policies for control of the business cycle. Prerequisite: Econ 202 — Principles of Macroeconomics. Fall

Econ 305 — Public Finance 3

Study of tax systems and other sources of revenue of federal, state, and local governments; changing patterns of public expenditures; fiscal and monetary policy; debt management and economic effects of public policy. Prerequisite: Econ 202 — Principles of Macroeconomics. Fall, even numbered years