The student is introduced to the concepts and tools of economics and to the relationships between economics and society. Not open as a credit elective for Business majors. An introductory survey of economics for students whose programs do not call for two semesters of economics. A study of market directed and mixed economies, emphasizing the American experience. The theory and facts of economic growth are covered.
Emphasis is on market models and factor pricing.
Alternative economic systems and current problems are surveyed. Students are expected to have a working knowledge of line graphs.