The study of economics in terms of whole systems, especially with reference to general levels of output and income and to the interrelations among sectors within the economy.
This course studies the basic economic institutions and principles as they pertain to the entire economic system such as money and banking, determinants of national income, employment, output and the roles played by government in using monetary and fiscal policy to promote the mandates of the Employment Act of 1946.
The study of economics in terms of individual areas of activity, such as the economics of a firm, a household, or of single economic components such as prices.
This course is a study of the basic institutions and principles of microeconomics and so it concentrates on the parts of an economic system; the markets, the producers, the consumers and the structures of basic industries along with systems for relative resource use and income determination.
For more information, contact the ACSS Division.