Grand Canyon University 4 credits Economics
This survey course covers the basic concepts of microeconomics and macroeconomics. The course begins by addressing the fundamental concepts of scarcity, choice, opportunity cost, and comparative advantage. The course builds on these fundamentals to explain the market forces of supply and demand, market efficiency, the economics of the public sector, and the firm's behavior under competitive market conditions. The second half of the course focuses on basic macroeconomic concepts, including measurement of national income, economic growth, and productivity. In addition, this course covers the monetary system and the classical theory of inflation. ECN351HNÒ‚ï‚¿: Essentials of Economics 4 credits This survey course covers the basic concepts of microeconomics and macroeconomics. The second half of the course focuses on basic macroeconomic concepts, including measurement of national incomes, economic growth, and productivity. Prerequisites: ACC240 and BUS-352.
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