ECON 1011 - PSP Economics

Summer. 2 credits. S/U grades only (no audit).

Credit will appear on transcript, but does not count toward graduation. Counts toward semester’s good standing for students in Colleges of Architecture, Art, and Planning, Engineering, Hotel Administration, and Human Ecology. Does NOT count toward semester’s good standing for students in Colleges of Agriculture and Life Sciences, Arts and Sciences, and Industrial and Labor Relations.

Staff.

This course is designed to prepare students for ECON 1110 and ECON 1120. Students are introduced to the economic way of thinking and to analyzing social problems. The objective of the course is to introduce students to the core principles in microeconomics and macroeconomics. The goal of the course is to improve the level of critical thinking and to improve communication skills. Topics include the explanation and evaluation of how the price system operates in determining what goods are produced, how goods are produced, who receives income, unemployment, inflation, balance of payments, and government deficits.