ECON 205 - Principles of Economics

An introduction to the terms, tools, and concepts basic to modern economic analysis. Specific topics addressed will include: supply and demand analysis; consumption, production, and cost theories; externalities, public goods, and government response; national income accounting, productivity, and economic growth; labor markets and employment; economic fluctuations and monetary and fiscal policy; and finally international trade. Policy application will be central to the discussion of all topics in the course.

Credits: 5 hours
NOTE: This course fulfills the Social Scientific Mode of Inquiry of the Liberal Studies Program.
NOTE: This course counts toward the 63-hour Liberal Arts and Sciences (LAS) graduation requirement.