ECON-151   Principles of Economics

The institutions of the North American market economy are studied, examining the determinants of resource allocation, income distribution, prices, production, income and employment levels, and economic growth. Topics include international economic relations and the role of government in the economy. Christian ideas about justice, freedom, and stewardship are applied to economic questions. Students intending to major or minor in economics or business should not take this course, but should take Economics 221 to satisfy this core requirement.