Principles of rational choice, price determination, market resource allocation, competition, and the role of government in the economy.

Prerequisite: University competency in math or permission of instructor.
Meets MSU-Northern General Education Core Social Sciences/ History (CAT IV) requirement.
Montana University System Core Course

This is a course in the principles of national income and product accounting, aggregate demand and supply, employment, monetary theory, macroeconomic stabilization, and basic principles of international trade and finance.

Prerequisite: University competency in math
Meets MSU-Northern General Education Core Social Sciences/ History (CAT IV) requirement.
Montana University System Core Course

This is a study of political economy focusing on what modern public choice and public interest models say about the proper boundaries of the public and private sectors. It analyzes the rent-seeking activities of special interest groups and the relative impacts of altruism and self-interest in explaining political behavior and governmental policies in democratic systems. The material focuses on the nature of public goods, market failures, government regulation, and wealth redistribution, among other topics. Theoretical, historical, and empirical forms of evidence are brought to bear on the issues.

Students will study the growth and development of the U.S. Economy and business transformation from colonial times to the mid-20th century. The central organizing focus concerns the economic, cultural, and constitutional incentive structures in America that have motivated entrepreneurship and efficient resource use. A background in basic economics or business theory is useful but not required.

Meets MSU-Northern General Education Core Social Sciences/ History (CAT IV) requirement.
Montana University System Core Course