200

This course provides an overview of macroeconomics and microeconomics and an understanding of how individuals, firms, and the government make decisions. It also explains how the market economic system works. Additionally, this course examines management decisions under different market structures and the impact of government intervention on markets. Finally, this course discusses gross domestic product and national income, inflation, unemployment, economic growth and business cycles, and the impact of fiscal and monetary policies on the economy. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

This introductory course examines the issues of globalization and development through the interdisciplinary lens of economics, geography, and history. Students explore the principles of economics from a non-technical perspective and examine the costs and benefits of globalization; discover economic geography, with an emphasis on the distribution of human populations and natural resources, as well as the challenges related to the use of renewable and non-renewable resources; and debate the role of technological progress in our history and global economic development. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

This course is an analysis and study of economic behavior of the individual unit, i.e., the firm and the rational consumer. Microeconomics principles addressed include decision making of the firm, the household, labor, international trade, education and poverty. Special emphasis will be placed on the theory of supply and demand. Prerequisite: MTH 101 or equivalent. 5 quarter hours