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ECON 551 Foundations of Economics

(First semester/3 credits) 

Introduction to the basic tools of economic analysis that are employed to examine the environment of a firm at both the microeconomic and macroeconomic levels. The micro portion focuses upon the behavior of consumers and firms in the product and resource markets. The macro portion examines the domestic and international factors that influence the aggregate level of economic activity, and the role of monetary and fiscal policies in promoting full employment, price stability and economic growth. A basic human sciences course.