Description
This course intends to give the business student a basic understanding of the free enterprise, capitalistic, aggregate economic system. It deals with the classical concepts of aggregate demand and production and supply, national income and product measures, the consumption and investment aspects of Keynesian economics, the supply side of economics and its applications. It also discusses money creation and money supply and the role of money in the economy, the banking system and the Federal Reserve System. The course rounds off with a discussion of the role of government in an economy, the use of fiscal, monetary, income, and foreign trade policies to guide the economy.
Prerequisite(s): MAT 136