psec 2003 - economic concepts for leaders (3)

this course includes basic principles in the context of macroeconomics and microeconomics for leaders. macroeconomic concepts studied in this course include the following: modern society and government policy, national income accounting, output determination, fiscal policy, the banking system and international trade. microeconomic concepts introduced in this course include the following: modern society and business, scarcity and allocation of resources, supply and demand, american and global economies, and resource markets.