Undergraduate Business Courses
151 - ECONOMICS OF THE FIRM - 3 credit hours
The Economics of the Firm The course looks at the consequences of scarcity on business behavior--the use of cost-benefit analysis, opportunity cost, and comparative advantage. It examines the influence of supply and demand on markets, and the influence of cost conditions and market structure on the behavior of the firm. The concept of economy efficiency is then used to examine government regulation of business. (3-0-3) (S) (C)
152 - NATIONAL AND GLOBAL ECONOMY - 3 credit hours
National and Global Economics Prerequisites: ECON 152 or ECON 211 The course looks at national and international statistics--real output, inflation, unemployment, and interest rates. It examines fiscal and monetary policy and how they influence the important measures of an economy's performance. Then the analysis is extended to the interaction between national economies and how this influences trade and capital flows between countries and determines exchange rates. (3-0-3) (S) (C) (E)
211 - ECONOMICS - 3 credit hours
Principles of Economics The determination of output, employment and the rate of inflation. Topics include a broad-based discussion of the controversies in macro-economics, the appropriate use of fiscal and monetary policy, the effects of a budget deficit, determination of the rate of exchange, and the trade deficit. Offered in fall and spring. (3-0-3) (S)
