1. Introductory Courses

1. Introductory Courses

01:220:200 Economic Principles and Problems (3)

Economic principles and their application to current problems. Prerequisite: 01:640:111, or 115, or calculus placement. Open only to engineering students. Credit not given for both this course and 01:220:102 and 103. 01:220:200 may be used in place of 01:220:102 and 103 to satisfy the prerequisite for more advanced courses.

01:220:103 Introduction to Macroeconomics (3)

Determinants of aggregate employment and national income; evaluation of government policies to alleviate inflation and unemployment. Money, banking, and monetary policy. International trade and finance, and the prospects for world economic development. Prerequisite: 01:640:111, or 115, or calculus placement. Credit not given for both this course and 11:373:122.

01:220:102 Introduction to Microeconomics (3)

The market system and alternative mechanisms for determining prices and allocating resources. Economic analysis of monopoly, cartels, wage and price controls, pollution, and other contemporary problems. The role of government in promoting economic efficiency. Prerequisite: 01:640:111, or 115, or calculus placement. Credit not given for both this course and 11:373:121.