The Economics Department
at Merced college offers two introductory courses in economics, Principles
of Macroeconomics (ECON-01A) and Principles of Microeconomics (ECON-01B).
In general, the discipline of economics is concerned with efficiency.
How do we as individuals, businesses and government entities maximize
individual satisfaction, business profit, and delivery of government goods
and services given unlimited wants and needs and a scarcity of resources?
Macroeconomics deals with the total economy and society as a whole in
dealing with these issues. Microeconomics studies how individuals, business
firms and government entities make choices as they cope with unlimited
wants and limited resources. Both macroeconomics and microeconomics meet
transferability requirements and are approved, recommended or required
for a number of Merced College degree programs.