College Catalog

Course Descriptions

Principles of Macroeconomics

ECO111

Study of the fundamentals of macroeconomics such as gross domestic product, consumer price index, unemployment rate, business cycle, national debt, and money supply. Emphasis on the historical significance of various economic theories, including classical, Keynesian, monetarist, and supply-side perspectives. The influence of various macroeconomic policies on individuals and social institutions is emphasized. Issues relating to the global economy including exchange rates, trade deficits, imports, and exports are also examined. 3 Credits (3 Lecture)

Principles of Microeconomics

ECO112

Introduction to microeconomic theory with emphasis on the function of the free market economy. Utility maximization by consumers, profit maximization by producers under different market structures, government regulation, and distribution of income are among the topics examined. 3 Credits (3 Lecture)

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