ECON 201H: Principles of Economics I Honors (3) (F, S)

An introduction to macroeconomics including the economic system as a whole. Covers aggregate economic relationships and institutions, discusses and analyze resource allocation, the market system, national income measurement, the banking system, monetary and fiscal policy, inflation, recession, economic growth and international exchange markets in the context of a private enterprise system. Prerequisite: Honors program membership or Permission of Department Chairperson.