Introductory Economics

Course Description: This course is an introduction to both Microeconomics and Macroeconomics. The course begins with a general introduction to Economics. The section on Microeconomics focuses on studying the behavior of individual economic agents, including consumers and firms, in a market system. This includes learning about supply and demand, elasticity, taxes, government influences on markets, production and cost, along with competition and monopoly etc. The section on Macroeconomics focuses on an analysis of the behavior of the national economy as a whole, together with such issues as the determination of gross domestic product, the unemployment rate, the inflation rate, interest rates, and the long-term economic growth rate.