Economics

ECONOMICS is the study of how societies use limited resources to satisfy unlimited demand. In this one-semester course, students will explore the relationship between suppliers, consumers, governments, and mul­tinational organizations in an effort to better understand how money affects the daily lives of people throughout the world. The course provides students with a clear understanding of how an economy functions at the macro- and micro-levels. A thorough knowledge in these areas will further offer students the tools required to understand how all of this can and will affect their own pocket books. Instrumental to students’ understand­ing will be examination of these key topics: law of supply and demand, saving, borrowing and spending, the Federal Reserve System and money supply, and the role of the government in an open market economy.