BSM61-104 Introduction To Economics

The course prepares students to develop basic understanding of microeconomics and macroeconomics principles. Students will learn about the basic problems of economics, demand and supply, elasticity, production and cost of production, and market structure. The course exposes students to national income, composition of and determination of nation income, money and banking, and monetary and fiscal policy. Finally, international trade and finance, inflation, and employment will be discussed.