Prerequisites: MAT 0923 cr. hrs. (3 pds: 3 lee.)Programs: All GenEd: AGEC/Soc-Beh, AAS(Humanities) Transfer: ECN 211 (ASU), ECO 284 (NAU), ECON 200 Economic theory as applied to individual decisionmaking units (microeconomics) and as applied to the operation of the economy as a whole (macroeconomics). Includes economic decisionmaking, economic systems, supply and demandmodel, price determination, elasticity, household income, business ownership, profit maximization, production functions and costs, and competition and market structures. Also includes goals and problems of the macroeconomy, foundations of the macroeconomy, fiscal policy and budgets, money, the role of financial institutions and the Federal Reserve, money creation, and monetary theory and policy.

General Education course. Provides overview of principles of economics. The economy is analyzed in terms of historical origins and development and current performance and problems, including poverty, pollution, health care, international trade policy, unemployment and recession, inflation, Social Security System, taxation policy, and national debt. (As Needed) [Graded (Standard Letter)] Registration Restriction(s): Intensive English Program majors may not enroll General Education Category: Social and Behavioral Sciences