Economics

ECO 112 Principles of Microeconomics (3 credits)

Prerequisite: None

An introduction to economic analysis at the micro-economic level, focusing on individual and firm decision making in a market environment. Topics include consumer demand, cost of production and supply, resource allocation and the role of competition in markets.

ECO 202 Principles of Micro and Macroeconomics (3 credits)

Prerequisite: None

The macroeconomic units of this course will introduce the student to the terminology, concepts and issues of economic theory and practice. These will be applied to practical management problems. This course will provide BIS students and others with an overview of the global economy, U.S. banking system, business cycles, and political efforts to influence employment, prices, and interest rates.

At the same time the course will examine microeconomic theory and principles of the small business and how they impact on quantitative decision making techniques used in current business practices.

ECO 212 Principles of Macroeconomics (3 credits)

Prerequisite: ECO 112

This course introduces economic principles and concepts. The course will deal with topics such as supply and demand, markets, money, national income, employment and price level, and international trade.