Economics weekly with a faculty coordinator and are evaluated by the site supervisor and faculty coordinator. A comprehensive portfolio and formal presentation are required. This one-semester internship course counts as an Emmanuel College elective, but not as an elective toward the biology, biostatistics, chemistry or mathematics major. Fall and Spring semesters. 4 credits Prerequisites: INT 1001, junior or senior status, and permission of the department.
189
ECONOMICS ECON1101 Principles of Microeconomics Social Analysis (SA) Social Science (SS)
Microeconomics focuses on how individual markets work. The emphasis is on how consumers make choices and how privately owned businesses produce goods, set wages and earn profits. It also addresses policies designed to overcome market failure, including antitrust law, taxation, environmental regulation, and the redistribution of income. Tools of analysis include supply and demand, profit maximization in competitive and monopolistic markets, and the trade off between incentives and equity in policy design. Microeconomic theory is applied to a variety of markets, such as energy, software, pharmaceuticals, housing and labor markets. Fall and spring semesters. 4 credits
ECON1103 Principles of Macroeconomics Social Analysis (SA) Social Science (SS)
Fall and spring semesters. 4 credits
2021-2022 Academic Catalog
Course Descriptions for Arts and Sciences
Macroeconomics studies the well-being of societies by focusing on unemployment, economic growth, inflation, poverty, income inequality, and globalization. There is a multitude of contributing factors, including the actions of governments, individuals, and firms. Specifically, the Federal Reserve, tax and trade policies, financial systems, values and beliefs all contribute to the well-being of a society in complex ways. Macroeconomics provides a theoretical framework for understanding these interactions, causes and their effects, and informing difficult policy decisions. Furthermore, macroeconomics enables individuals and firms to understand the economic environment that affects them both personally and professionally.
