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Birmingham-Southern College Catalog 2017-2018

68

ACADEMIC PROGRAMS

CAC 320

CAC 410

MA 240

MA 305 or PH 305

MA 317

MA 454

MFS 220

MFS 221

MU 154

PL 241

PL 253

PY 370

The following courses have additional pre-requisites not included in the major: AC 444,

MA 305, MA 317, MA 454, PH 305, and PY 370.

Minor Requirements

The following courses are required (5 units)

CAC 170

CAC 180

CAC 430

one additional unit in CAC at the 200 level

one additional unit in CAC at the 300 level

Courses required to fulfill minor or major requirements in other disciplines can be used to

fulfill CAC major requirements.

Economics

Bachelor of Science

Javier E. Portillo, Guangjun Qu, Kathleen Greer Rossmann

Economics is the study of how societies use and allocate scarce resources and create

systems for producing, distributing and consuming the goods and services that the

members want. The structure and dynamics of these systems are the focus of economics

and analysis is conducted at multiple levels from the behavior of individuals through the

operation of the global system. Economists employ theoretical and empirical tools to

understand decisions made by consumers, producers, workers, employers, investors,

governments, and countries. Microeconomics focuses on individual decisions, such as

how much time to devote to work, leisure, and school, and how much money to spend,

save, and invest. Macroeconomics deals with aggregate outcomes, such as effectiveness

of fiscal and monetary policies, growth and development strategies, and the distribution

of income across countries.

Students majoring in economics will acquire an understanding of the basic tools of