ECONOMICS: Course Descriptions
- ECO 151 - Survey of Economics
- This course introduces basic concepts of micro- and macroeconomics. Topics include supply and demand, optimizing economic behavior, prices and wages, money, interest rates, banking system, unemployment, inflation, taxes, government spending, and international trade. Upon completion, students should be able to explain alternative solutions for economic problems faced by private and government sectors.
- Course Hours Per Week: Class 3, Lab 0.
- Semester Hours Credit: 3.
- Prerequisite: Proficiency in reading or a grade of "C" or better in ENG 095.
- ECO 251 - Principles of Microeconomics
- This course introduces economic analysis of individual, business, and industry choices in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to efficiently achieve economic objectives.
- Course Hours Per Week: Class 3, Lab 0.
- Semester Hours Credit: 3.
- Prerequisite: Proficiency in reading or a grade of "C" or better in ENG 095.
- ECO 252 - Principles of Macroeconomics
- This course introduces economic analysis of aggregate employment, income, and prices. Topics include major schools of economic thought; aggregate supply and demand; economic measures, fluctuations, and growth; money and banking; stabilization techniques; and international trade. Upon completion, students should be able to evaluate national economic components, conditions, and alternatives for achieving socioeconomic goals.
- Course Hours Per Week: Class 3, Lab 0.
- Semester Hours Credit: 3.
- Prerequisite: Proficiency in reading or a grade of "C" or better in ENG 095.