ECON107

This intensive course for non-business students combines macro and micro economics theory. It is designed to acquaint students with the nature of the market system and the major issues and problems affecting our economy. Students will understand the basic theoretical principles of demand theory, cost and price, equilibrium analysis and application to decision-making in the firm. Students will also understand the basic theoretical principles of production possibilities, national income accounts, consumption, investment, monetary and fiscal policies and problems of employment and price levels. ECON 107 is a condensed combination of ECON 105 and ECON 106. Therefore, a student will not receive credit for ECON 107 in addition to ECON 105 and ECON 106. Also, since ECON 107 is not a comprehensive combination of ECON 105 and ECON 106, it cannot be used in place of the two. (Prerequisites: MATH-012 or MATH-015 or satisfactory completion of the College's foundational studies requirement in computation, READ-092 or READ-095 or satisfactory completion of the College's foundational studies requirement in reading, and ENGL-095 or satisfactory completion of the College's foundational studies requirement in writing)