INTRODUCTORY COURSES

The principles of economics. There are no prerequisites and they may be taken in any order.

ECON BC 1001x, y
Introduction to Macroeconomics
Basic concepts of economic analysis, with emphasis on the aggregate economy; essentials of supply and demand, national income and its determination, United States economic institutions, fiscal and monetary policy, international economics, economic growth and inequality, problems of developing nations. —Staff
3 points.   [syllabi: F'04-Weiman, F'03-Weiman, F'99-Harrison]

ECON BC 1002x, y
Introduction to Microeconomics
Basic concepts of economic analysis, with emphasis on resource allocation: utility and demand, cost and supply, determination of prices and income distribution through demand and supply, market structures, and alternative economic systems. —Staff
ECON BC1001 is not a prerequisite for ECON BC1002. ECON W1105 Principles of Economics (at Columbia) may be substituted for BC1002, but credit cannot be granted for both.
3 points.   [syllabi: F'04-Munasinghe, S'04-Reback, F'03-Munasinghe]

ECON BC 1003x
Introduction to Economic Reasoning
Covers the basic elements of microeconomic and macroeconomic reasoning at an introductory level. Topics include Individual Constraints and Preferences, Production by Firms, Market Transactions, Competition, The Distribution of Income, Technological Progress and Growth, Unemployment and Inflation, and the Role of Government in the Economy. --D. Weiman
3 points.