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Economic Principles and Problems--Macro
PRIN OF ECON
CLASS CODE: ECON 111H CREDITS:  3 FEE:  $5.00
DIVISION: GENERAL STUDIES
DEPARTMENT: HONORS PROGRAM
GENERAL EDUCATION: This course fulfills a General Education - American Institutions requirement.

CATALOG DESCRIPTION: This course is designed to familiarize you with the theory, methodology, and terminology used by economists. The principles covered in the class can improve your decision-making abilities as a citizen, consumer, investor, and business person. A basic understanding of economics and how it influences you as an individual is a useful tool in all phases of life.
DESCRIPTION: This course is designed to familiarize you with the theory, methodology, and terminology used by economists. The principles covered in the class can improve your decision-making abilities as a citizen, consumer, investor, and business person. A basic understanding of economics and how it influences you as an individual is a useful tool in all phases of life.
TOPICS: This course looks at a broad range of topics including: scarcity, tradeoffs, supply and demand, inflation, unemployment, interest rates, money, taxes, and the role of the Federal Government and Federal Reserve.
OBJECTIVES: Through a framework of facts, principles, and models, the student will be able to identify and analyze the basic economic problems which every society face. The students will be able to explain how a mixed economy such as the U.S. solves these problems. The course will introduce the student to the aggregate variables used in simple models of the U.S. economy. Using these models, the student will be able to predict and explain the effects of changes on the U.S. as well as other economies. In addition to aiding in passing this course, a mastery of the concepts and ideas will assist the student in making informed decisions regarding current economic issues. Without a basic understanding of economics, issues such as social security, taxes, and foreign trade, cannot be understood.
REQUIREMENTS:
PREREQUISITES: You must have a 3.5 or higher accumulative GPA to take an Honor's course.
OTHER:
EFFECTIVE DATE: August 2002