201 Principles of Microeconomics 4 credits Introduces consumer and firm behavior and the market process. Explores the economic analysis of different market structures of perfect competition, imperfect competition, and monopoly, along with the principles of income distribution and resource allocation under a market system. Some sections approach the principles of microeconomics by focusing on a particular topic or issue. Ec 202 Principles of Macroeconomics 4 credits Deals with human behavior and choices as they relate to the entire economy. Covers aggregate demand and aggregate supply of goods and services, the affect of tax and spending on the entire economy's output and employment, and the Federal Reserve's manipulation of the supply of money, inflation, and economic growth.
Some sections approach the principles of macroeconomics by focusing on a particular topic or issue.
Applies economic analysis directly to environmental problems. Explores market failure, Pareto optimality, externalities, consumer surplus, and market solutions. Introduces benefit-cost analysis. Addresses local problems. Ec 318 Money, Banking, and Financial Institutions 4 credits Uses money, credit, and bond market models to explain the determination of interest rates.