Introduction to fundamental economic concepts including production possibilities and economic growth, market supply and demand analysis, money, banking, and government fiscal and monetary policies. Emphasis is placed upon fluctuations in national income, employment and the price level. Topics include the echelon method for solving linear equations, matrix manipulations, optimization by linear programming including the simplex method, risk decisions using probability, expected value, and statistics. Additional topics may be chosen from network models or game theory. Major emphasis on word processing and spreadsheets.
Students learn to use e-mail and are introduced to the resources of the Internet.
The course goal is the achievement of a minimum level of computer literacy. Study of the basic structure of partnerships and corporations, manufacturing accounting, analysis of financial statements, and an introduction to cost accounting. Continuation of ECON 205. Selected economic problems. Methods of collecting, presenting, analyzing, and interpreting business data.