ECON 3050 - FREE MARKET ECONOMICS

Institution:

Robert Morris University

Subject:

Economics

Description:

This course deals with the concept of a free market economy and how a model of economic freedom and limited government is related to political liberty and economic efficiency. Major topics include a study of economics of socialism and capitalism, the "invisible hand" in capitalism, the "fatal conceit" in socialism, the utopian models of laissez-faire capitalism and egalitarian Marxism, and the economic goals of growth, freedom, equity, full employment, price stability, and efficiency. Prerequisites: (ECON1020 and ECON1030) or ECON1010

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.rmu.edu

Phone Number:

(800) 762-0097

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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