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ECN
295
3
credit hours
Microeconomic Principles
Study of the
scope and method of economics. The course focuses on the
allocation of resources and economic efficiency in production,
demand and supply in consumption, pricing system, competition and
monopoly, the pricing of factor services, and the distribution of
income.
ECN
296
3
credit hours
Macroeconomic Principles
Study of the
scope and method of economics. Course topics include: measures and
determinants of the level of aggregate income and demand,
inflation, employment, economic development; monetary institutions
and money supply, monetary policy; taxes, government borrowing;
expenditures, fiscal policy, international trade and alternative
systems of economic organization.
ECN
305
3
credit hours
Money and the Financial
System
Prerequisites: ECN 295 and ECN 296
Introduction to
international financial system, balance of payments, exchange
rates and external currency markets. Course topics include: the
nature and economic role of money and credit, financial
intermediation and its control by monetary authority, financial
markets, institutions and instruments, interest rate theory, level
and term structure, yield curve strategies, control of monetary
aggregates and their relationship to employment and prices, and
controversies in monetary policy.
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