ECON 201 Introduction to Economics
Economic behavior, economic method, and economic systems. Reviews basic concepts of scarcity, opportunity cost, economic efficiency. Explains role of institutions in economic outcomes. Introduces models of production possibilities, demand and supply, and more briefly aggregate demand and supply, and the circular flow. Discusses faith and morality as compared to economic thinking. Introduces ideas about globalization, political economy, economic systems, and financial markets. Prerequisite to all other economics courses. Plus ECON 211-214 or 237 satisfies Community: Economics. Liberal Arts.