ECON 105 — Fundamentals of Economics
Units: 3 Lecture Hours: 54 Lab Hours: 0 Outside Hours: 108 Grading Method: Letter Credit Status: Credit, degree applicable Conditions of Enrollment: None In this course, students are introduced to the study of how a market economy solves the problem that the scarcity of resources and goods imposes on a society. Supply and demand concepts, the effects of controls on the economy, unemployment and inflation, and the principles of international trade and finance are also discussed. *Note: Students will not receive UC credit for ECON 105 if taken after ECON 101 or ECON 102 EDUCATION (EDUC)