Feb 02, 2023  
2020-2021 Undergraduate Bulletin 
    
2020-2021 Undergraduate Bulletin [ARCHIVED BULLETIN]

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ECO 101 - Introduction to Economics

Semester Hours: 3
Periodically
This course is an intensive and combined study of undergraduate micro- and macro-economics. It assumes no prior knowledge of economics and starts with an introduction of basic economic concepts. The first part of the course focuses on the way in which prices and distribution are determined in a free market economy. Short and long-run costs of firms, pricing, in competitive, monopolistic and oligopolistic markets are among the issues discussed. The second part of the course then turns to the economy as a whole, focusing on the Keynesian revolution and the role of government in a free market economy. Banking system, central banking, money creation are among the issues discussed in this part along with economic growth and problems of international trade.





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