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Principles of supply and demand and the price mechanism will be presented. Descriptions and interactions of the consumer, business, government, and international sectors will be studied as well as their effects on output, employment, and growth in the economy. The course includes a study of the banking system and monetary policy, fiscal policy, economic growth, differing macroeconomic viewpoints, and international issues.
Lecture hours: 48
Prerequisite(s): A minimum grade of 'D-' in MAT063 Elementary Algebra or appropriate Math placement score.
Prior to Fall 2006 the course number was EC101T
Hawkeye Center 134