ECO 1653 EMERGENCE OF OUR MODERN ECONOMY (3-3-0). A course for students who have active interest in fields other than business administration and economics, but of interest also to students majoring in these areas. Students will study the forces responsible for shaping the evolution of modern industrial economy in the United States, as well as the institutional adaptations and the changes in social relations due to these forces.
ECON 2301 PRINCIPLES OF MACROECONOMICS (3-3-0). Deals with consumers as a whole, producers as a whole, the effects of government spending and taxation, and the monetary policy of the Federal Reserve. Macroeconomics is concerned with unemployment, inflation and the business cycle. Skills: G (ECO 1633)
ECON 2302 PRINCIPLES OF MICROECONOMICS (3-3-0). Deals with the interactions between individual households and business firms. The concepts of supply and demand will be studied; students will learn what these concepts mean, how they operate, and how prices are determined. Market structure, market failure and income distribution will also be considered. Skills: G (ECO 1623)