ECO 410 - Introduction to Economics/Accelerated

An accelerated presentation of the fundamental elements of micro- and macroeconomic theory with policy applications relevant to business administration. The structure and functioning of markets, including the theory of consumer behavior and the theory of the firm. Alternative market structures. Theoretical analysis of tax incidence and international trade. Market failure and the regulatory and fiscal roles of the public sector in a market economy. The measurement of aggregate economic activity, with emphasis on gross domestic product, unemployment, and inflation. The functioning of the financial system. Determinants of economic growth and the theory of economic fluctuations. Monetary and fiscal stabilization policy.

Prerequisites & Notes
baccalaureate degree.

Credits: 3