ECON 100 Principles of Macro Economics (3 units)
Introduction to the American macroeconomic system and its effects on social, cultural and political environments by focusing on aggregate economic analysis. Allocation mechanisms for scarce resources, analytical tools of supply and demand are utilized. Additionally, the course examines and critiques aggregate measures of economic activity such as GDP, unemployment, labor participation rates and price indices. Additionally, the course examines macroeconomic equilibrium, money and financial institutions, The Federal Reserve, the role of saving, monetary and fiscal policy short run (Keynesian) stabilization policy, international economics, as well the Classical model’s study of long run economic growth.
ECON 102 Principles of Micro Economics (3 units)
This course focuses on choices of individual economic decision makers within the framework of supply and demand. Topics include: scarcity, marginality, specialization and trade, equilibrium, elasticity, factor markets, and externalities. Price and output decisions under competitive, imperfectly competitive, and monopolistic markets. Profit maximization and loss minimization strategies for the individual firm are analyzed. Comparative economic systems are also examined.
ECON 230 Economic History of the United States (3 units)
An advanced discussion and analysis of the development of the American economy from 1860 to the present time. Economics concepts include, opportunity cost, moral hazard, monetary theory and policy, fiscal theory and policy. Topics studied are industrial growth, land and resource use, role of immigration and migration in the context of various ethnic and cultural groups, the transportation revolution, the Great Depression and Great Moderation, the development of money and banking, trade patterns, organized labor, changes in agricultural production, and America in the world economy.