ECON 704 • 1 Credit • 4 Weeks • Typically Offered: Fall, Spring
The goal of Foundations of Economics is to develop a basic knowledge of economics:
1) to understand a set of fundamental economic principles and
2) to develop the ability to apply those principles to analyze and explain economic decision-making and "real world" economic phenomena, i.e., the ability to "think economics."
This course develops basic principles of macroeconomics, focusing on economic aggregates such as national output (gross domestic product), the price level, household consumption, business investment, government spending, international trade, unemployment, fiscal and monetary policies.
Not for MBA credit.