In this course, students will learn the foundations of macroeconomics as the branch of economics concerned with how decisionmaking, in an environment of scarcity, maps onto the aggregate economy. Students will examine theories and evidence relateds. Students will recognize the role of households, businesses and governments in the market economy and in their own lives. ECO2013 is a writing credit course. Students must earn a minimum grade of C to meet the requirements of the Gordon Rule for writing. ECO2013 meets the International/Intercultural competency requirement.

An introductory course stressing microeconomic theories. Topics studied include the theory and application of supply and demand elasticity; theory of consumer demand, utility; production and cost theory including law of diminishing returns; the firm's profit-maximizing behaviors under market models ranging from pure competition to pure monopoly; the theory of income distribution; comparative advantage, trade policies exchange rates, and other international issues.

An exploration of why nations trade,the effects of trade on the economy,international commercial policy, balance of payments,exchange rate determination, the Eurocurrency markets, and international trade institutions.