Although divided into two main areas, all of economics pertains to one overarching problem: the ability of human wants to outstrip available resources. Topics covered under "macro" economics are national income measures, business cycles, unemployment, inflation, economic growth and development, monetary and fiscal policy, government debt: the United States banking system, and international trade and finance. "Micro" economics focuses on household, business, and some government decision-making. Topics include the functioning of markets under perfect (supply-and-demand) and imperfect competition, antitrust and regulation, environmental policy, and the distribution of personal income and wealth.
Faculty
Jennifer Pakula 
Department Chair
Office BGS 351
(949) 582-6170
Core Courses and Resources
Economics
- ECON 2 Principles of Economics (Macro)
- ECON 4 Principles of Economics (Micro)