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ECON 102-01, Introduction to Economics, Fall 2008
Hammock, Michael R.
Hammock, Michael R.
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Economics, Department of, Syllabus, Curriculum, Academic departments, Text, 2008 Fall
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Abstract
Economics is the study of how people make choices to satisfy their desires, in the
face of limited resources, or “scarcity”. That is, the fact that we have limited resources—
there is only so much water, so much clean air, so much oil—means that we must make
choices about how we will use these resources.
This course focuses on Macroeconomics, which studies how economic
aggregates-- inflation, unemployment, Gross Domestic Product—behave, and how policy
affects them. It is, in some ways, very different from the Microeconomics you’ve already
studied. We will also touch on some issues in Finance and International Trade.
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This syllabus was submitted to the Rhodes College Office of Academic Affairs by the course instructor.