An introductory course in microeconomics focusing on individuals as consumers, producers, and resource owners operating in a market system. The supply and demand model is used to analyze how prices and output are determined in both the product and factor markets.
Decision making in the firm is studied under different market structures.
An introduction to the macroeconomic concepts of employment, income, and output, with an emphasis on their measurement and determination. The impact of policy decisions on the business cycle is investigated. I Economics 301. A review of the nature and function of law with an introduction to civil and criminal litigation. Major emphasis will be placed on Contract Law and Sales under Article 2 of the Uniform Commercial Code.