ECON 004: Principles of Economics

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Units: 5

Hours: Lecture, 4 hours; discussion, 1 hour

Catalog page 227

Prerequisites: a status in pre-Business or Business Preparatory or a major in Business Administration

Description: Studies the economic system from both the micro, or individual decision-maker’s perspective, and macro, or aggregate perspective. Includes analysis of competition, monopoly, distribu- tion of income, unemployment, inflation, and the impact of government policies on economic activity.

Credit: Credit is awarded for only one of ECON 002, ECON 002H, or ECON 004 and for only one of ECON 003 or ECON 004.