Economics: Difference between revisions

| A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.

| Resource allocation and price determination. By the end of the semester, students should know the basic theory, models, and results of the topics covered. They should be able to use this knowledge to answer questions and analyze real-world situations. They should also be able to identify which theory or model is appropriate to analyze a particular question and explain why their answers are correct in intuitive, as well as mathematical, terms.