Economics (ECON)

ECON 2301  Principles of Macroeconomics  3 SCH  (3-0)  

Economics of modern industrial society. Determinants of national income, economic stability and growth, money and banking; fiscal policy, business organization and international trade. Prerequisites: MATH 1314 and MATH 1324.

ECON 2302  Principles of Microeconomics  3 SCH  (3-0)  

Supply and demand concepts, composition and pricing of the national output cost and price concepts, market structures, income distribution and selected economic problems. Prerequisites: MATH 1314 and MATH 1324.

ECON 3334  International Economics  3 SCH  (3-0)  

International trade theory and policy and international monetary economics; balance of payments and exchange rate theory. Apply trade theories and models to explain why countries trade, gains from trade, and trade patterns. Trade unions, tariffs, quotas and other non-tariff barriers to trade. Reasons and consequences of trade deficits. Prerequisites: ECON 2301, ECON 2302.