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Economics (ECON)

Courses

ECON 210  Microeconomics  3 Credits (3,0)

This course is an introduction to the economic principles of free enterprise supply and demand, private and social implications of revenue maximization, cost minimization, profit maximization, market structure, and resource markets. Current microeconomic issues in aviation (such as elasticity, pricing, taxes, subsidies, market implications, liability reform, evolution of airline completion, etc.) are discussed.
Prerequisites: MATH 111 or MATH 140 or MATH 143 or MATH 241 or MATH 250 and ENGL 123 or ENGL 143.

ECON 211  Macroeconomics  3 Credits (3,0)

This course is an introductory analysis of employment, inflation, recession, GDP economic growth, national income/output and international trade with an emphasis on practical policy alternatives. Macroeconomic aviation applications such as the counter-cyclical growth of start-up airlines and consideration of ATC privatization are incorporated.
Prerequisites: MATH 111 or MATH 140 or MATH 143 or MATH 241 or MATH 250 and ENGL 123 or ENGL 143.