Dec 09, 2023  
Loyola Marymount University Bulletin 2023-2024 
Loyola Marymount University Bulletin 2023-2024

ECON 1050 Introductory Economics

4 semester hours

Accelerated introduction to both microeconomics and macroeconomics. Supply and demand, elasticity, and theories of production, cost, competition, monopoly, and other market structures. Aggregate supply, aggregate demand and Keynesian Cross analysis, and discussion of GDP, national income, inflation, and unemployment. This course substitutes for ECON 1100  and ECON 1200  wherever one or both are stated as prerequisites.

University Core fulfilled: Explorations: Understanding Human Behavior.