ECON 255 - Principles of Economics (3)

This course is a study of macroeconomics (examining economics as it affects the national interest) and microeconomics (examining decisions by individuals and firms).  The purpose of this course is to introduce the student to the most relevant economic issues facing today’s society.  Topics include scarcity and trade-offs, demand and supply, funding the public sector, employment and inflation, measuring  economy’s performance, money and banking, consumer choice, cost and output determination, perfect competition, monopoly, monopolistic competition, and oligopoly.