Credit Courses

(ECO) Economics

General Education course Social Science
ECO 103 - Basic Economics (3 credits)
Prerequisites: ENG 101 and MAT 037 (or MAT 037A and 037B) with a minimum C grade or placement in college-level mathematics
Basic economics concepts enable students to better understand, analyze, and discuss current economic events and problems. Includes demand, supply and prices, measures of gross domestic product, the circular flow of income, market structures, government fiscal policy, monetary policy, the national banking system, and international trade. 3 lecture hours
course outline

General Education course Social Science
ECO 111 - Macroeconomics (3 credits)
Prerequisites: ENG 101 and MAT 135 or MAT 140 with a minimum C grade
Analysis of the determinants of aggregate income, output, employment and price level under various market conditions. Includes national income and product account, consumption and investment theory, government stabilization via fiscal and monetary policy, macroeconomic impact of international trade and finance, and inflation/unemployment trade-off controversies. 3 lecture hours
course outline

General Education course Social Science
ECO 112 - Microeconomics (3 credits)
Prerequisites: ENG 101 and MAT 135 or MAT 140 with a minimum C grade
Introduction to economic principles and their application to major issues of public policy: concepts of supply and demand, nature and operation of market structures, analysis of costs and revenues, theory of production, selected problems of public policy in relation to agriculture, antitrust policy, labor relations and microeconomic aspects of world trade. 3 lecture hours
course outline

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