A study of the principles of macro economics to give the student a workingknowledge of the operation of the economy as a whole. Particular attentionis given to unemployment, inflation, monetary policies of the FederalReserve System, and fiscal policies of the national government. Theprinciples, concepts and topics of macro economics are considered in thecontext of the impact each has on human beings. Students will be introduced to the basic factors that businesses considerwhen making decisions and establishing business objectives.
Students willlearn how prices are determined and the causes of shortages and surpluses.
Behavior of monopoly and near-monopoly industries will also be discussed. The course also deals with the theory of wage determination in labormarkets. After taking this course, the student should be familiar with and have abasic understanding of the essentials of fundamental financial decisionsand tools that all individuals encounter in their lives. A study of monetary and banking principles and practices. The functioningof a free enterprise society is analyzed in terms of money in all of itseconomic aspects, including its amount, form and flow.