ECON - Economics

Alfred State courses are grouped into the following sections:

  • Macroeconomics is concerned with obtaining an overview of the basic sectors of the economy such as households, businesses, and government. In analyzing the economy we deal with such factors as total output, total levels of employment, and the general level of prices. Topics covered include the nature and method of economics, supply and demand, measuring domestic output, national income, and the price level, aggregate demand and supply, and fiscal and monetary policy.

  • An introductory course which presents a picture of the American economy as a whole, together with coverage of its current problems. It presents principles which establish the grounds for a basic understanding of how our economy operates. It also deals with fiscal and monetary policies as well as the relationship of savings and investment to economic growth. Finally, it treats with problems of foreign trade.

  • Microeconomics deals with the behavior of specific economic units such as individual households, industries, or firms within an industry. Topics covered include the nature and method of economics, demand and supply analysis, consumer behavior, price and output determination under various degrees of competition, and production and the demand for resources.

  • This course allows students who have successfully completed an economics course to continue study in that subject. A student may contract for one to four credit hours. However, directed study may be contracted by a student only with the approval of the directing instructor and the department chairperson.
  • A student may contract for one to six credit hours of independent study through an arrangement with an instructor who agrees to direct such a study. The student will submit a plan acceptable to the instructor and to the department chair. The instructor and student will confer regularly regarding the process of the study.