Economics Courses

ECO 221 (3-0-3)

Principles of Macroeconomics

This course provides an analytical framework for the understanding of the economy at the global level. This course will also analyze the purpose and functions of national income accounting, the components of Gross Domestic Product, the determinants of long run economic growth, the causes and costs of inflation and unemployment. In addition, this course will cover the economic impacts of fiscal and monetary policies and the differences between short run and long run macroeconomic aspects of the economy. Finally, this course will examine the importance of the U.S. financial system, the macroeconomic effects of international trade and the determination of interest and exchange rates. 

ECO 223 (3-0-3)

Principles of Microeconomics

This course develops an analytical framework for the understanding of the theory of markets, including the decision-making process in businesses, the impact of technological advances on markets and the functioning of the four different market structures. This course will also provide a closer look at the interactions of individual households, business firms and governments in the marketplace. Finally, this course will discuss economic issues related to the well-being of market participants, the tradeoffs between equity and efficiency, the economics of taxation and subsidies, labor market issues and the basis of free trade.