Prerequisite: Finance and Business Technology, Accounting Application 1
Type of Credit: Elective
This course is designed to present basic topics in macro and microeconomics and the principles and practices of banking, credit, and consumer lending in the United States. Additional emphasis is placed on money, credit and banking; economic growth and stability; use of limited resources; characteristics of different economic systems and institutions; taxation and budgeting; labor management relations; and sales. Students become familiar with the major functions of banks and other financial intermediaries, central banking by the Federal Reserve System, and modern trends in the finance industry. The students are also introduced to credit functions, principles of credit risk evaluation, loan creation, debt collection, and stocks and bonds.