ECON 1000 Introductory Economics
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Students develop a basic understanding of economic principles that permits for and encourages aware discussion of media-covered problems. Topics embody different political economy and microeconomics; gross domestic product; financial process and business cycles; state and inflation; mixture offer and demand; deficiency, chance prices, and trade; law of offer and demand; accounting versus economic profits; cash and exchange rates; government selections, markets, efficiency, and equity; monopoly and competition; externalities, public product, and free riders; and economic process and national trading policy.
Upon completion of this ECON 1000 Introductory Economics course, students ought to be in a position to:
1. Explain the variations between political economy and political economy.
2. Apply the ideas of deficiency, selection and chance prices for creating sensible selections.
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