ECN – Economics

Basic macroeconomic theory including coverage of such topics as the scarcity of productive resources, demand and supply, price and non-price determinates, taxation methods, the public debt, unemployment and inflation, classical and Keynesian theories of income determination, the multiplier effect, and fiscal and monetary policy.

Basic microeconomic theory including coverage of such issues as the price system and the allocation of scarce resources, utility analysis, price elasticity of demand and supply, and profit maximization techniques under various market conditions–perfect competition, monopoly, monopolistic competition, and oligopoly.