Dec 03, 2024  
2024-2025 Undergraduate Catalog 
    
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2024-2025 Undergraduate Catalog
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EC 203 - Economics

Credits: 4

This course is designed to give the student an understanding of how a country allocates resources and produces, distributes and consumes its goods and services. Topics include aggregate supply and demand, aggregate income, employment, inflation, determinants of consumption and investments, the role of money and the Federal Reserve, and monetary and fiscal policies. This course also examines the market structures of pure competition, monopolistic competition, oligopoly, and monopoly; analysis of the role of labor and unions, public goods and the public sector; discussion of the problems of foreign aid, poverty, pollution, and tax reform.


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