Economics

This course analyzes the economic behavior of the individual components (e.g., consumers, households, businesses, industries, government) that comprise a national economy. Topics will include supply, demand, and elasticity; consumer choice; cost and productivity in the firm; various forms of competition; government involvement including antitrust laws, regulation, and deregulation; and resource markets. The use of mathematics and graphing skills will illustrate various economic principles and relationships.

This course provides an analysis of the basic characteristics of a modern market-directed economy influenced by global development. Topics discussed include supply and demand; gross domestic product; consumer price and confidence indexes; the business cycle; inflation and unemployment; fiscal, supply-side and monetary policy; and the Federal Reserve System. The use of mathematics and graphing skills will illustrate various economic principles and relationships.