Ferris Course Catalog
 

ECON 221

 Min credits: 3

Prin of Macroeconomics*S

 Max credits: 3
Scope and meaning of economic principles basic to a free market economy. Equilibrium price formation and the efficiency of resource allocation in a market economy. National income accounting; determination of equilibrium national income, recession, and expansion. Government policy toward economic fluctuation; unemployment and inflation. The role of money and banking in recession and inflation. This course meets General Education requirement: Social Awareness, Social Foundations.

Requires:

MATH 110 with a grade of C- or better or 19 ACT or 460 SAT

 

 

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Ferris State University Catalog (2006 - 2007)		  
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