Program Description:
This AIB course introduces basic principles of
macro- and microeconomics, supply and demand
concepts, wages, and prices, and the forces that
determine economic growth. You learn how to
conduct a cost/benefit analysis and spot influential
economic trends.
After successfully completing this course, the student will be able to:
- Relate basic principles of economic theory to the
business cycle and business organization
- Describe the causes of inflation, its effects, and ways
it is measured
- Compare and contrast economic systems
- Relate the fundamental concepts of the supply and
demand theory and Keynesian economics
- Relate how on- and off-budget items affect the
federal budget deficit
- Interpret the economic indicators published in
the media
Who Should Attend:
Personnel who have not had a formal course in economics and who wish to increase their understanding of economics as it relates to banking.
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