Introduces the principles and methods of economics with emphasis on macroeconomic theory. Topics include basic models of national income and employment determination, fiscal policy, banking and monetary policy, the theory of international trade and finance, and contemporary macro-economic issues such as unemployment, inflation, and government budget policy. Note: Successful completion of this course, together with AP/ECON 1000 3.00, is required for all students who intend to pursue additional courses in economics at the 2000, 3000, and 4000 level and in order to pursue degree studies in economics, business economics, and financial and business economics.
Course credit exclusions: GL/ECON 2510 3.00, SB/INTL 1210 3.00. Note: Acceptable course substitutes are available in the Calendar.
PRIOR TO FALL 2009: Course credit exclusions: AK/AS/ECON 1010 3.00, GL/ECON 2510 3.00, SB/INTL 1210 3.00.