Economic theory is employed in the analysis of inflation, unemployment, pollution, regulation, market structure, and related topics. Economic institutions such as corporations, banking, and government are also studied. Students cannot receive credit for ECON 123 after completing ECON 205 and ECON 206.
Emphasis is placed upon fluctuations in national income, employment, and the price level.
Topics include extension of supply and demand analysis, production costs and revenue analysis of firms under perfect and imperfect competition, resource markets, and international trade and finance. Selected economic problems. Interns learn how to translate classroom theory and methods into professional skills and opportunities. Usually offered every term. May be repeated.