1988-1989 Academic Catalog

Business Administration 73 ''111e knowledge of business I gained at Cedarville has enabled me to excel/ as a programmer because ofthe business-systems orientation ofmost of my projects. I feel extremely well-prepared for my work and have progressed much farther and faster than I ever thought I would have by this time. I attribute this success to the education I receil'ed at Cedarville." Brian Sturgis, a 1987 computer ieformation systems graduate, works for United Engineers and Constructors in Philadelphia, Pennsylvania. ECONOMICS ECON-231 Macroeconomics-A, W 4 hours That area of economic study that focuses on how human behavior affects out– comes in highly aggregated markets, such as the market for labor, or for consumer products. It is a study of the behavior of the economy as a whole, including the study of such economic phenomena as interest rates, the price level and national income, output and employment. ECON-232 Microeconomics-W,Sp 4 hours That area of economic inquiry that is concerned with the effect of human behavior on the conduct of affairs within rather narrowly defined units. It is the study of decision making regarding consumption, production, and exchange which is carried on by individual households and by business firms. ECON-313 Government and Business-Sp 4 hours A study of the governmental agencies and their effect on American business. Case studies and current events are developed to show the trends and status of various laws and regulations. The economic impact and difficulties which arise in managing a business are reviewed. Prerequisite: ECON-232 Microeconomics. {Alternate, odd years) ECON-331 Money and Banking-Sp 4 hours A study of the principles of money, credit, and banking; and the operation of the banking system. Prerequisite: ECON-232 Microeconomics.