ECO 2010 - Principles of Macroeconomics

3(3 + 0)

Prerequisite: Either ENG 1010 or the Level I Communications course; and satisfaction of the Level I Mathematics Requirement; or MTH 1120, or MTH 1320, or MTH 1400, or MTH 1410

An introduction to the principles of economics emphasizing the economy as a whole. Topics include: methods used in economics; gains from exchange and international trade, supply and demand - market outcomes and the impact of government interventions; measurement and determinants of macroeconomic performance – the national income and product, inflation, unemployment, and international balance of payments; business cycles (economic fluctuations) and economic growth; demand-side and supply side fiscal policy; banking, central banking, and monetary policy; preliminary international financial markets; and open economy macro policy.(General Studies—Level II, Social Sciences)(GT-SS1)