HOS 215 Elements of Economics

This course offers an introduction to economic theory with some discussion of policy applications and economic institutions. Most of the course can be divided into two broad segments: microeconomics and macroeconomics. Macroeconomics analyzes the interactions of individual consumers (house- holds) and producers (firms) in specific markets (e.g., the market for shoes or automo- biles). A major theme of this section will concern the strengths and weaknesses of markets as a mechanism for coordinating the production and distribution of goods

3 Credits

ECO 221 Principles of Microeconomics

This course provides students with an understanding of the economics of markets and market economies. Concepts of demand, supply, production, prices, allocation of resources, and market failure will be studied.

MAT 105

3 Credits

ECO 222 Principles of Macroeconomics

This course looks at a range of macroeco- nomic issues and policies including determinants of unemployment, inflation, interna- tional trade, national income, and GDP. It will examine the use of fiscal and monetary policies in achieving macroeconomic objectives.

MAT 105 or MAT 111 (both with B- or above)

3 Credits

ECO 321 Managerial Economics

This course seeks to use economic analysis (micro- economic analysis) in business decision-making and policy formulation with special emphasis on price determination.

MAT 216

3 Credits

ECO 324 Intermediate Microeconomics

This course provides an in-depth analysis of microeconomics. It investigates the working and applications of the equilibrium model; the basic elements of welfare economics, elementary game theory, the applica- tion of equilibrium concepts in multistage games and the role of uncertainty and imper- fect information in the analysis of economic incentives.

ECO 221

3 Credits

ECO 325 Intermediate Macroeconomics

This course provides an in-depth analysis of macroeconomics. Topics to be examined include the IS/LM in understanding aggre- gate demand, the study of inflation, foreign exchange markets, international monetary systems, balance of payments.

ECO 222

3 Credits

ECO 421 Theories in Caribbean Economic Development

This course examines the theories, issues and problems in economic development with special reference to the Caribbean reality. Topics to be covered include the measurement of development, sus- tainable economic development, sustainable human development, long-term economic change; the Caribbean debt problem, trade arrangement and income distribution.

ECO 221; ECO 222

3 Credits

ECO 423 International Economics

This course examines the fundamental principles of international trade. Topics to be examined include gains from such trade, balance of payments, exchange rate determination and stability and the concerns about the poli- cies of industrialised countries.

ECO 221 and ECO 222

3 Credits

ECO 428 Public Finance

The course examines the economics of the public sector, by looking at taxation, expenditures of government and regulations and their effects on the economy. In addition, this allows students to formulate and evaluate public policy.

ECO 222

3 Credits