Blends the core concepts of both microeconomics (structure of markets, factors of production, elasticities) and macroeconomics (economic systems; public policy, including fiscal and monetary policy; supply and demand analysis of national income, inflation and unemployment) with personal responsibility as a citizen (credit, interest, banking, budgeting) to create a greater knowledge of the economy and the individual's role as a decision-maker within that economy.
A deeper look at the economic decision-making of individuals, firms and governments in a world of scarce resources. Topics include markets, public goods, utility maximization, costs of production, market structures, antitrust policy, labor unions, poverty, health care, gross domestic product, economic growth, business cycles, unemployment, inflation, monetary and fiscal policy, the global economy and comparative advantage.
Prerequisite: SSE 200.
Fernando Noveno University © 2024 The Board of Trustees of the Fernando Noveno University
Department of Art & Art History Fernando Noveno University. All Rights Reserved
RecStay Cultural Campus Cali (v) Colombia, South America