The following information is contained in our paper publication referred to as the UMUC Asian Division Catalog. You may download a copy from the Announcements page. Courses in economics provide a useful complement for programs of study in business administration , as well as fields ranging from Asian studies to government and politics . College-level mathematics, while not formally required, is recommended before a student enrolls in economics courses. An introduction to the problems of unemployment, inflation, and economic growth.
Emphasis is on the roles of monetary policy and fiscal policy in determining macroeconomic policy.
The efficacy of controlling wages and prices is analyzed. Analysis of the principles underlying the behavior of individual consumers and business firms. Topics include problems of international trade and finance, distribution of income, policies for eliminating poverty and discrimination, problems of environmental pollution, and effects of various market structures on economic activity. A one-term introduction to the principles of economics and their applications to the major economic problems of society. Topics include problems of population, poverty, inflation, unemployment, inequality, monopoly, urban renewal, environmental protection, economic planning, imperialism, international trade, and comparative economic systems.