metropolitan college academic courses undergraduate courses
economics

Economics Undergraduate Courses

MET EC 100 General Economics

A one-semester introduction to economics for those who desire economic literacy but anticipate no further formal training in the field. Covers both microeconomics and macroeconomics with an emphasis on the analysis of current issues. (4 cr.) Note: MET EC 100 cannot be substituted for either MET EC 101 or EC 102 and does not count toward a concentration in economics or management studies.

MET EC 101 Introductory Microeconomic Analysis

One semester of a standard two-semester sequence for those considering further work in management or economics. Includes the economics of households, business firms, and markets; consumer behavior and the demand for commodities; production, costs, and the supply of commodities; price determination; competition and monopoly; efficiency of resource allocation; market failures and governmental regulation; income distribution; and poverty. (4 cr.)

MET EC 102 Introductory Macroeconomic Analysis

One semester of a standard two-semester sequence for those considering further work in management or economics. Includes national economic performance; problems of recession, unemployment, inflation, and trade and budget deficits; money creation, government spending, and taxation; economic policies for full employment and price stability; and international trade and payments. (4 cr.)

MET EC 303 Intermediate Microeconomic Analysis

Prereq: MET EC 101 or equivalent. Determination of commodity and factor prices under differing market conditions of competition and monopoly. (4 cr.)

MET EC 304 Intermediate Macroeconomic Analysis

Prereq: MET EC 102 or equivalent. Determination of aggregate income and employment. Analysis of fiscal and monetary policy. Inflation and income policy. Problems of the open economy. (4 cr.)

MET EC 320 Economics of Less-Developed Regions

Prereq: MET EC 101 and EC 102, or equivalent. Theoretical and empirical examination of the structural changes associated with the process of economic development; special reference to poor regions and countries, and rigorous analysis of criteria for policy judgments in developing planning and programming. (4 cr.)

MET EC 333 Market Organization and Public Policy

Prereq: MET EC 332, MET EC 201, or equivalent. Discussion of selected markets determined by instructor. Introduction to antitrust and regulatory policy. (4 cr.)

MET EC 337 Economic Analysis of Legal Issues

Prereq: MET EC 101 or equivalent. Economic analysis of current important legal issues. Contributions of economics to analysis of contracts, torts, property, and crime. Effects of property rights on allocation of resources and distribution of income. Market and nonmarket schemes of regulating the environment. (4 cr.)

MET EC 341 Monetary and Banking Institutions

Prereq: MET EC 304 or CAS EC 202. Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy. Recent monetary policy. (4 cr.)

MET EC 367 Economics of the Public Sector

Prereq: MET EC 303 or CAS EC 201. Basic principles of public finance. Classical and modern attitudes toward government revenues and expenditures. Problems related to public debt and budget making. Evaluation of fiscal policy as an instrument of control. (4 cr.)

MET EC 391 International Economics I

Prereq: MET EC 303 or CAS EC 201. The pure theory of international trade. Topics include comparative advantage, gains from trade, tariff and nontariff barriers to trade, and case studies in international economic policy. (4 cr.)

MET EC 392 International Economics II: Problems and Policy

Prereq: MET EC 304 or CAS EC 202. Basic issues of international finance. Topics include the balance of payments and adjustments; theories of exchange rate determination; and case studies in international economics policy reform. (4 cr.)