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Introduction to economics is an elementary economic theory and its application to contemporary problems. Topics include income determination, monetary policy and institutions, fiscal policy, price theory and international trade. Prereq: none. [fall, spring, summer] 

Whether  you are already committed to concentrating in economics, are gathering information preparatory to that decision, or are just considering selecting one or more economics courses as part of your undergraduate education, this booklet will provide you with useful information. 

Economic problems center around the utilization of limited resources to provide goods and services for society. As a social science, economics is concerned with people in their roles as economic decision makers. Economists study how business and personal decisions are made under conditions of uncertainty and incomplete information, and they provide insight into problems involving both short-and long-term planning, such as investment and savings decisions. A strong grounding in both theoretical and applied aspects of economics allows students to use their knowledge to understand economic behavior and provides a basis for evaluating economic policy. 

Economists are employed by banks and other financial institutions, industrial corporations,  consulting firms, international organizations, and government agencies at all governmental levels, as well as by colleges and universities. Graduate study is necessary to prepare for a career as a professional economist. The Ph.D. is usually required for academic careers in four year institutions and for higher level positions in economic agencies of the federal government.