Economics

Courses in Economics at NCTC aim to familiarize students with the basic concepts of consumer economics such as supply and demand and then introduce them to the principles of macroeconomics such as money and banking, and then advance to the principles of microeconomics such as costs and productions. These courses will demonstrate for students many components of economics from both theoretical and applied perspectives.

Economics is the study of scarcity, or choices made due to scarcity. Our studies will span the decisions made by persons, businesses and industries through microeconomics; and choices and consequences of those decisions made by countries, and the interactions of various countries through macroeconomics. We will use analysis in the form of various schools of thought, principles, laws, mathematical models, the purpose and impact of our monetary system, and the historical examination of how theories have been applied.