BUS 207 Contemporary Economics, 3 credits

This course will include coverage of the nature and scope of economics, scarcity and choice, the U.S. economic system, the role of supply and demand, production, cost and profit, perfect and imperfect competition, money in the U.S. economy, the Federal Reserve and the money supply, measuring output and income in the U.S., macroeconomic models/analysis, employment, income distribution, business cycles, microeconomic policies, national debt, and international trade. May not be taken after completion of either BUS 205 or BUS 206.