Economics 1: Principles of Microeconomics (3 Units)
Economic analysis of market systems, price theory, including supply and demand analysis,
marginal utility, elasticity, cost and revenue concepts, perfect and imperfect competition,
international trade theory, pricing of the factors of production, poverty and income
inequalities. Prerequisite: MTH 53, MTH 53B, MTH 54, MTH 55, MTH 55L (completed with a grade of "C" or higher)
or an appropriate skill level demonstrated through the mathematics assessment process.
Economics 2: Principles of Macroeconomics (3 Units)
Economic analysis of the theory of income determination, including national income
analysis, business cycles, the consumption function, the multiplier, fiscal policy,
monetary policy, money and banking, the public debt, economic growth and development,
comparative economic systems and international trade. Prerequisite: MTH 53, MTH 53B, MTH 54, MTH 55, MTH 55L (completed with a grade of "C" or higher)
or an appropriate skill level demonstrated through the mathematics assessment process.
Economics 10: General Economics (3 Units)
Survey of the economic system of the United States, covering such macroeconomic and
microeconomic topics as supply and demand, firms' output and pricing decisions, international
trade, comparative economic systems, economic growth, business cycles, fiscal and
monetary policy, labor, and money and banking.