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Course Descriptions
ECON-215 Principles of Macroeconomics, 3 Cr. Elementary aggregate economics. Among the topics covered are instability, counter-cyclical economic policies, money, the banking system, government economic activity, fiscal policy, monetary policy, and national income theory. Prerequisites: Math-091 with a grade of "C" or Intermediate Algebra placement.
ECON-217 Principles of Microeconomics, 3 CR. Among the topics covered are supply, demand, prices, the working of markets, the markets for labor and other factors of production and contemporary economic problems. Prerequisites: Math-091 with a grade of "C" or intermediate Algebra placement.
ECON-220 Business and Economic Statistics I, 3 Cr. Introduction to the principle methods of statistical analysis as applied to business and economic problems. Topics include descriptive statistics, introductory probability and probability distributions, statistical estimation, hypothesis testing, and regression and correlation analysis with computer applications. Prerequisites: MATH-165.
ECON-302 Economic Development, 3 Cr. Theoretical analysis of factors underlying economic development with reference to newly developing nations. Consideration of policy issues concerning attempts to accelerate economic growth. Prerequisites: ECON-215.
ECON-303 Intermediate Macroeconomic Theory, 3 Cr. Topics covered include consumption and investment theory, the definitions and determination of national income, employment, and the price level. Also considered are the economic effects of fiscal and monetary policy. Prerequisites: ECON-215, ECON-217, MATH-165 or MATH-177.
ECON-304 Intermediate Microeconomic Theory, 3 Cr. A systematic study of the role of the price system in organizing economic activity and an evaluation of its effectiveness. Topics covered within the frameworks of partial and general equilibrium analysis include consumer behavior, price determination, resource allocation, and market structure. Prerequisites: ECON-215, ECON-217, MATH-165 or MATH-177.
ECON-306 Labor Economics, 3 cr. Analysis of supply and demand for labor, the determination of wage rates, employment, working conditions, and labor force participation rates. Emphasis is placed on the effects of unionism and government activities on the areas. Prerequisites: ECON 215 and ECON 217.
ECON-307 Money and Banking, 3 Cr. The course considers the nature and functions of money and the role of the monetary sector in the determination of income and employment. Particular attention is given to institutional frameworks, money markets, commercial banking, and deposit expansion, monetary policy, and the role of the Federal Reserve System. Prerequisites: ECON-215 and ECON-217.
ECON-308 Comparative Economic Systems, 3 Cr. Analysis of the structure, institutions, and performance of alternative economic systems: capitalism, socialism, communism. Selected countries are studied as examples of each system. Prerequisites: ECON-215 and ECON-217.
ECON-309 Public Finance, 3 Cr. An investigation of the theoretical and practical economic effects of governmental activities. The major types of taxes and expenditures are considered. In addition, intergovernmental fiscal relations and fiscal policy are discussed. The course will emphasize, American governmental institutions. Prerequisites: ECON-215 and ECON-217.
ECON-310 Business and Economic Statistics II, 3 Cr. This course is a continuation of ECON-220. Topics to be covered include analysis of variance, multiple regression and correlation, time series analysis, nonparametric tests, and decision theory with computer applications. Prerequisites: ECON 215 and ECON 217 and ECON-220.
ECON-312 Mathematics Economics, 3 Cr. Conventional macro- and microeconomic theories are set out in mathematical form utilizing algebra and calculus. Topics to be covered include sets, functions, matrices, differential and integral calculus and optimization. Prerequisites: ECON-215, ECON-217, and MATH-165 or MATH-177.
ECON-313 Economic History of Europe, 3 Cr. Development of the modern economic systems and institutions of Europe from their late medieval and Renaissance beginnings; the revival of trade, the growth of towns, the Commercial Revolution, the development of new systems of economic thought to support capitalism, the Industrial Revolution, the rise of new economic forms such a capitalism, socialism, modified capitalism, and "mixed" economies in the twentieth century. Prerequisites: ECON-215 and ECON-217.
ECON-314 The Development of Economic Thought, 3 Cr. Historical survey of the major streams of economic thought including classical, Marxian, institutionalist, neoclassical, radical and monetarist thought. The course covers the origins, methods, and validity of economic theories. Prerequisites: ECON-215 and ECON-217.
ECON-315 American Capitalism, 3 Cr. Contemporary and controversial interpretations of American capitalism; the course centers around ideas of laissez-faire, government regulation and government-business relations; analysis of private property, competition, free enterprise; views of conservatives, liberals, and radicals are considered, and a critical examination of recent reformulations of the capitalist system is undertaken. Prerequisites: ECON-215 or ECON-217.
ECON-316 Independent Study in Economics, 3 Cr. Intensive study of special topics of economics; faculty guidance. Prerequisites: consent of instructor.
ECON-318 Introduction to Econometrics and Forecasting, 3 Cr. Introduction to the methods by which economic theories are tested with emphasis on applications. Topics include bivariate and multiple regression techniques, hypothesis testing, and violation of common assumptions. Computer usage. Prerequisites: Econ 215, ECON 217 and ECON-220 and MATH-165 or MATH-177.
ECON-319 Current Economic Problems, 3 Cr. Analysis of a contemporary domestic or international issue. Consult the schedule of classes for specific topics. Prerequisites: Varies with topic.
ECON-322 International Economics, 3 Cr. Introduction of the fundamentals of international trade theory; theoretical, institutional, and historical aspects of international economic relations are considered, including foreign exchange and balance of payment problems, tariffs, quotas, and U.S. commercial policies. Prerequisites: ECON-215 or ECON-217.
ECON-323 Economic Development of East Asia, 3 Cr. Analysis of factors underlying the economic development of nations in East Asia with a focus on China and Japan but including brief considerations of other nations such as Korea, Taiwan, the Philippines, and selected Southeast Asian Nations. Prerequisites: ECON-215 and ECON-217.
ECON-331 American Economic History, 3 Cr. Survey of American economic history from the colonial period to the present; controversial issues and interpretation in American history. Prerequisites: ECON-215 and ECON-217.
ECON-332 Industrial Organization, 3 Cr. Analysis of the competitive structure of industries and the major determinants of industrial organization such as economies of scale, mergers, vertical integration, advertising, and their effects on competitive firm behavior. Examination of the economic foundations and effects of government policies to regulate monopoly. Prerequisites: ECON 215 and ECON-217.
ECON-333 Urban Economics, 3 Cr. Presentations of fundamental economic tools applicable to urban problems; identification of the economic causes of these problems and analysis of policies designed to correct them. Prerequisites: ECON-215 and ECON-217.
ECON-334 Cost-Benefit Analysis, 3 Cr. Alternative economic policies resulting from weighing the merits of spending public expenditures on various public projects. A systematic approach to the evaluation of individual projects in the selection of the best project to accomplish a given purpose, and in the establishment of priority order among the projects competing for limited funds. Prerequisites: ECON 215 and ECON-217.
ECON-335 Economics of Transportation, 3 Cr. Demand for and cost of transportation. Urban and interurban markets for transportation of people and goods. Regulation, deregulation, and public policy. Prerequisites:ECON-215 and ECON 217.
ECON-340 Managerial Economics, 3 Cr. The application of economic theory to the analysis of business decisionmaking. Topics include the theories of production, costs, pricing, and capital budgeting. Specific tools such as constrained maximization and regression analysis are applied in a case approach to the estimation and forecasting of revenues and costs, and to the preparation of budget forecasts. Prerequisites: ECON 215 and ECOn 217.
ECON-401 Fundamentals of Business Economics, 4 Cr. Provides knowledge of microeconomic and macroeconomic theory necessary for advanced business analysis. Prerequisites: enrollment in MBA program.
ECON-419 Economic Analysis for Managers, 3 Cr. This course is an advanced introduction to the application of economic principles and methodologies within the decisionmaking process of the firm. It cultivates the ability to develop constrained maximization and minimization analyses and to apply those analyses to managerial problems of resource allocation, budgeting and forecasting. Prerequisites: Mathematical requirements of the MBA program.
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