A study of local, state, and national revenues and expenditures in the U.S. economy and their subsequent effects upon the economy, with emphasis on public policy and current issues such as Medicare and Social Security.
Prerequisite(s): Grades of "C-" or better in ECON 053 Macroeconomic Principles and ECON 054 Microeconomic Principles.
(Normally offered alternate spring semesters.)
ECON 053 Macroeconomic Principles (3 hours)
An examination of the macroeconomic theories, problems, and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.
(Normally offered each semester.)
ECON 054 Microeconomic Principles (3 hours)
An examination of the microeconomic theories, problems, and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem, and international trade.
Prerequisite(s): ECON 053 Macroeconomic Principles strongly recommended.
(Normally offered each semester.)
