Economics (ECO)

ECO 120. Survey of Economics. (3 Credits)

Presents a broad overview of economic theory, history, development, and application. Introduces terms, definitions, policies, and philosophies of market economies. Provides some comparison with other economic systems. Includes some degree of exposure to microeconomic and macroeconomic concepts. Lecture 3 hours per week. Total 3 hours per week. Students may not receive credit for both ECO 120 and ECO 201 or ECO 120 and ECO 202.

ECO 201. Principles of Macroeconomics. (3 Credits)

Introduces macroeconomics including the study of Keynesian, classical, monetarist principles and theories, the study of national economic growth, inflation, recession, unemployment, financial markets, money and banking, the role of government spending and taxation, along with international trade and investments. Lecture 3 hours per week. Total 3 hours per week. May be taken out of sequence. Students may not receive credit for both ECO 120 and ECO 201 or ECO 120 and ECO 202.

ECO 202. Principles of Microeconomics. (3 Credits)

Introduces the basic concepts of microeconomics. Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticity's, marginal benefits and costs, profits, and production and distribution. Lecture 3 hours per week. Total 3 hours per week. May be taken out of sequence. Students may not receive credit for both ECO 120 and ECO 201 or ECO 120 and ECO 202.