ECO 140. Introduction to Economics. 3 Credit Hours.
This course is a study of basic economic concepts, institutions, and policies, (both macroeconomic and microeconomic) necessary for a general understanding of the economy. Students who intend to transfer to a business administration program should take the two-course undergraduate sequences in Economics, ECO 151 and ECO 152 instead of ECO 140.
Prerequisites: MTH 030 and Reading Proficiency.
ECO 151. Principles of Macroeconomics. 3 Credit Hours.
This course presents an introductory description and analysis of economics from a national perspective. Included are the basic concepts relating to the demand and supply model, macroeconomic data, trends and fluctuations in macroeconomic variables, simple models of the macroeconomy, fiscal and monetary policy, and economic growth.
Prerequisite: MTH 030 with a minimum grade of "C" and Reading Proficiency.
ECO 152. Principles of Microeconomics. 3 Credit Hours.
This introductory microeconomics course develops tools and models to explore the behavior of individuals and firms. The course develops the demand and supply model to examine outcomes in both output and input markets explores market failures, compares behaviors in competitive and noncompetitive markets, examines the economic concept of cost, and uses comparative advantage to explain both local and international trade. Reading Proficiency.
Prerequisites: MTH 030 with a minimum grade of "C", or higher level math course or placement in higher level math course.