Economics

ECO 120 (3 CR)
Survey of Economics

Presents a broad overview of economic theory, history, development, and application.  Introduces terms, definitions, policies, and philosophies of market economics.  Provides some comparison with other economic systems.  Includes some degree of exposure of microeconomic and macroeconomic concepts. Students may not receive credit towards graduation for both ECO 120 and ECO 201 nor both ECO 120 and ECO 202.  Lecture 3 hours per week.

ECO 201 (3 CR)
Principles of Economics I–Macroeconomics

May be taken out of sequence

Introduces macroeconomics including the study of Keynesian, classical, monetarist principles and theories, the study of national economic growth, inflation, recession, unemployment, financial markets, money and banking, the role of government spending and taxation, along with international trade and investments.  Lecture 3 hours per week.

ECO 202 (3 CR)
Principles of Economics II–Microeconomics

May be taken out of sequence

Introduces the basic concepts of microeconomics.  Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticities, marginal benefits and costs, profits, and production and distribution.  Lecture 3 hours per week.