In this course, students will study supply, demand, and price determination in a market economy; costs, revenues, and price policies of the firm under conditions of competition and monopoly; and the determination of wages, rent, interest, and profits.
Qualified for ENG 100.
The field of macroeconomics explores how the economic system operates and interacts with other social and political forces. This course focuses on the system of capitalism and how it determines the national income (GDP) and economic growth, employment/unemployment rates, and national/global economic inequality. This course also explores the government’s role in regulation and determining fiscal policies, inflation, trade imbalances, and exchange rates. Finally, the relationship between business and the economy is studied through an examination of the multinational corporation.
Qualified for ENG 100.
