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 and BT114 or WR121.
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 and BT114 or WR121; CS125ww recommended.
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 and BT114 or WR121; CS125ww recommended. Offered fall, winter and spring terms.