ECON 1V: Principles of Economics
The economic way of thinking and the functioning of a modern market economy. The behavior of consumers and firms. Markets for goods and inputs. Analysis of macroeconomic variables: output, employment, inflation, interest rate. Determination of long-run growth and short-term fluctuations. The role of government: regulation, monetary, and fiscal policy.
Terms: Sum
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Units: 5
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UG Reqs: GER:DB-SocSci, WAY-SI
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Grading: Letter or Credit/No Credit
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