This is the first course in the economics two-semester introductory sequence. It introduces students to the market model and macroeconomics. Topics explored in the market model unit include supply and demand, incentives, opportunity cost and comparative advantage. Topics in macroeconomics include national income determination, inflation, unemployment, fiscal and monetary policy and key macroeconomic institutions.
Prerequisites: Credit will not be granted to students who have received credit for ECON 170. Students who have ECON 101 transfer credit may not take this course.