The wants of individuals and societies are unlimited, while the resources for satisfying these wants are limited. Consequently, choices have to be made. Economics is the science of choice. Survey of Economics introduces students to the ability to use theories or models to make sense out of the real world and devise policy solutions to economic problems. Both individual and firm choices (microeconomics) and society choices (macroeconomics) are examined. The role of markets in summarizing choices and allocating resources is introduced. ECON 2301 will not satisfy the University Core Curriculum requirements if ECON 2322 and ECON 2323 are taken for graduation credit. Three credit hours.
- Course credit hours: 3