Catalogue 2012 - 2013

EC 117 Principles of Quantitative Economics (Formerly EC 207)

Credits

3 cr.

Prerequisite

MATH 133 or MATH 123 or equivalent.

Course Description

Not open to those who have taken EC 111 or EC 112 or EC 201 or EC 202. This course is a calculus-based introduction to economic principles, both macro and micro. All topics will be elucidated mathematically. Topics include characteristics of the American private enterprise economy; markets, the price system, and the allocation of resources, including the different market structures in American industry. The course will also cover national income accounting, macroeconomic equilibrium, and fiscal and monetary policy issues.