Economics

ECON115 3 credits

Introduction to Economics

Surveys the principles of economics, evolution of economic thought, and development of present United States economic structure. Covers concepts of supply and demand, opportunity costs, and history of economic ideas. Course does not substitute for ECON201 or ECON202 in the Associate of Arts/Oregon Transfer degree. Prerequisites: RD30; BT114 or WR115; BT95 (or passing of BT95 proficiency test) required for the Web-based course.

ECON201 4 credits

Principles of Microeconomics

Introduces students to consumer and company behavior and the market process. The economic analysis of different market structures of perfect competition, imperfect com-petition, and monopoly are analyzed along with the principles of income distribution and resource allocation under a market system. Prerequisites: RD30; BT114 or WR115.

ECON202 4 credits

Principles of Macroeconomics

Deals with human behavior and choices as they relate to the entire economy. Covers aggregate demand and aggregate supply of goods and services, how tax and spending affect the entire economy’s output and employment, and how the Federal Reserve can manipulate the supply of money, inflation, and economic growth. Prerequisites: RD30; BT114 or WR115.