425.640.1560
A comparative study of economic decision-making, income distribution, functioning, and performance of the world's principal mixed, socialist, and emerging economies. Central planning is contrasted with market outcomes and other available alternatives. Prerequisite: Placement in ENGL 100 and placement in MATH 060.
Study of optimization behavior by consumers, producers, and government in the global marketplace. Resource allocation, exchange, and income distribution are all related to personal incentives (was ECON 201). Prerequisite: MATH 090 and ENGL& 101 (was ENGL 105) each with a grade of 2.0 or higher.
Study of the national economy in terms of aggregate spending, money supply, and foreign trade. Various theories are put forth to explain business cycles in the U.S. and world economy (was ECON 202). Prerequisite: MATH 090 and ENGL& 101 (was ENGL 105) each with a grade of 2.0 or higher.