Economics

ECO 100 Principles of Macroeconomics 3 SH
Designed to acquaint the student with basic macroeconomic concepts, theories and their applications. Topics include the capitalist enterprise systems, supply and demand, national income analysis, fiscal policy, money and banking, economic growth and international economics. (Fulfills behavioral & social science general education requirements.) Every semester. Note: It is recommended that students have either completed MAT 098 or have achieved scores on the appropriate mathematics test equivalent to or higher than MAT 098. General Education: Social Science.

ECO 101 Principles of Microeconomics 3 SH
Designed to acquaint the student with basic microeconomic concepts, theories and their applications. Topics include the theory of consumer demand, costs of production, theories of firm behavior in different market structures, resources allocation, income distribution and international trade. (Fulfills behavorial & social science general education requirements.) Every semester. Note: It is recommended that students have either completed MAT 098 or have achieved scores on the appropriate mathematics test equivalent to or higher than MAT 098. General Education: Social Science.

ECO/PS 110 Introduction to Political Economy 3 SH
Course examines systems of wealth, power and poverty at global and national levels. Topics include: the origins of the politico-economic domination of the world by the west; the globalization of industrial capitalism; colonialism and neocolonialism; communism; and the development of the world environmental crisis. (Fulfills behavioral and social science general education requirements.) Spring semester. General Education: Social Science.

ECO 200 Money and Banking 3 SH
Studies the role of money and the different types of financial institutions and their operation and effect on the economy. The role of the federal reserve system will be examined in detail. Fall semester of even numbered year. Prerequisite: ECO 100 and 101. General Education: Social Science.

ECO 201 Comparative Economic Systems 3 SH
Studies the theories of capitalism and socialism. Compares and evaluates a variety of economic systems with respect to the many factors which directly or indirectly affect economic behavior and outcomes. Prerequisite: ECO 100. Alternate spring semesters. General Education: Social Science.

ECO 202 Labor Economics 3 SH
Analysis of the structure of employment and human resource theory. A study of the labor market operation, wage theory, collective bargaining and related private and public programs. Fall semester of odd numbered year. Prerequisite: ECO 100 and 101. General Education: Social Science.

ECO 204 Economic Development and Growth 3 SH
Examines the problems, policies and theories of economic development of the less developed countries of Africa, Asia and Latin America. Spring semester of even numbered years. Prerequisite: ECO 100. General Education: Social Science.

ECO 205 Intermediate Microeconomics 3 SH
Examines the manner in which producers, consumers and resource owners, acting through markets, determine the prices and output of goods, the allocation of resources and the distribution of income. Spring semester of even numbered years. Prerequisite: ECO 101. General Education: Social Science.

ECO 206 Intermediate Macroeconomics 3 SH
Examines aggregate economic analysis with particular attention to Keynesian, New Keynesian and new classical theories of the determination of national income, employment and prices. Fall semester of odd numbered year.  Prerequisite: ECO 100. General Education: Social Science.

ECO 207 Contemporary Domestic Economic Issues 3 SH
This course is designed for the general education student. It applies basic economic concepts to examine the causes and consequences of a number of domestic socio-economic issues, such as poverty, discrimination, crime, health care and the economics of big business. Possible policy solutions are then explored. Fall semsester. Prerequisite: sophomore standing. General Education: Social Science.

ECO 208 Contemporary International Economic Issues 3 SH
This course is designed for the general education student. It focuses on the global economic interdependence among nations, causes and consequences of global socio-economic problems, and policy solutions. Topics include population explosion, world poverty, technology and information flows, environmental pollution (global warming), differences in educational and health care systems, global trading systems, and international drug trafficking. Offered periodically. Prerequisite: sophomore standing. General Education: Social Science.

ECO 209 Urban Economics 3 SH
This course examines the economics of cities and urban problems. More specifically, a number of factors that have influenced the development of cities, such as technological innovations in production and transportation, are explored. In addition, urban problems including poverty, racial segregation, inadequate housing, inferior education and crime are studied and possible policy solutions considered.  Spring semester of even numbered year. Prerequisite: sophomore standing. General Education: Social Science.

ECO/WS 212 Economics of Gender 3 SH
This course will use economic methods to investigate the relationship between gender and economic outcomes, measured in terms of occupation, earnings, poverty rates and other standard measures of economic well-being. Topics will include the household as an economic unit, increasing labor force participation of women, consequences of female employment for the structure of the family, causes of earning differences, trade policy effects on women, and race and class differences in economic opportunities for women. Policy applications will be emphasized. A primary goal of the course is to enable students to understand the issues and to formulate coherent positions on the topics covered. Offered periodically.  Prerequisite: ECO 100 or 207 or permission of the instructor. General Education: Social Science.

ECO/HIS 214 American Economic History 3 SH
The process of economic growth utilizing economic theory and historical discoveries. Process of economic growth in an advanced economy. Economic causation of problems of an advanced domestic economy. Role of the United States in world affairs. Offered periodically. General Education: Social Science.

ECO 298 Faculty Developed Study 1–6 SH

ECO 299 Student Developed Study 1–6 SH

ECO 300 Theory of International Economics 3 SH
Examines international trade theory and policy, foreign exchange markets and the balance of payments. Also, international macroeconomic policy and the international debt problem of developing countries will be studied. Fall semester of odd numbered year.  Prerequisite: ECO 100 and 101. General Education: Social Science.

ECO 302 Applied Econometrics 3 SH
A survey of statistical methods which are commonly used in empirical economic research with emphasis on the economic application of these techniques rather than their theoretical development. Offered periodically. Prerequisite: ECO 100 and 101; MAT 120 or MIS 120 and 121, CS 100. General Education: Social Science.

ECO 303 Applied Quantitative Methods for Economics 3 SH
To provide an understanding of the application of mathematics to economics. Emphasis is on surveying economic applications and not on the mathematics. Offered periodically. Prerequisite: ECO 100 and 101. General Education: Social Science.

ECO 304 The Structure of American Industry 3 SH
Representative industry studies in terms of structure, conduct and performance with an emphasis on public policy alternatives and recommendations. Offered periodically. Prerequisite: ECO 100, ECO 101, MAT 135 or MAT 181 or MAT 118. General Education: Social Science.

ECO/FIN 305 Managerial Economics 3 SH
Application of economic theory, reasoning and methodology to the solution of business problems. To provide a body of doctrine, analytical tools and a theory of use to business affairs which often require more than conventional microeconomics. Topics covered include demand analysis, cost analysis, pricing, financial management and control, expansion decisions and decision effectiveness.  Offered periodically.  Prerequisite: ECO 205. General Education: Social Science.

ECO 310 Monetary Theory and Policy 3 SH
Theoretical and empirical analysis of the supply of and the demand for money; the relationships between money and interest rates, prices and output. Objectives and instruments of monetary policy and the effectiveness of policy on the level of output and unemployment. Offered periodically. Prerequisite: ECO 200. General Education: Social Science.

ECO/HIS 312 History of Economic Thought 3 SH
The development of modern economic thought with attention to the historical order. Individual economists and schools of thought are examined for historical background, essential ideas and usefulness. A study from the time of mercantilism to modern neoclassical and Keynesian economics. Included in the study will be economists such as Adam Smith, Thorstein Veblen, Karl Marx, John Maynard Keynes, Milton Friedman and John Kenneth Galbraith. Prerequisite: ECO 100. Offered periodically. General Education: Social Science.

ECO/HIS 313 The Economic History of American Business 3 SH
The economic growth and development of American business history from its colonial beginnings to the present. A study of the obstacles and problems that business faced, the solutions that were tried, the successes that were attained, the institutions that were built and the interrelationships between business and society’s other blocks—government, labor and the public in general. Offered periodically. Prerequisite: junior standing. General Education: Social Science.

ECO/FIN 315 Business Fluctuations and Forecasting 3 SH
This course examines business fluctuations and the application of forecasting methods using computer software to generate forecasts. Topics covered include linear regression, time-series decomposition, moving averages and exponential smoothing, Box-Jenkins models, and methods of combining and evaluating forecasts. Emphasis is placed on the application of these techniques to produce economic forecasts. Offered periodically. Prerequisite: ECO 100 and FIN 221. General Education: Social Science.

ECO 350 Seminar in Economic Research 3 SH
The student will do a series of research papers, which will be presented and discussed, on major, unresolved problems in economic theory. Examples of effective research appearing in professional journals, examples of econometric models and examples of taped panel discussions on economic issues will be analyzed and discussed. Offered periodically. Prerequisite: ECO 100, 101, 205, 206 and SS 201. General Education: Social Science.

ECO/FIN 360 Money Banking and Capital Markets 3 SH
See FIN/ECO 360. Alternate spring semesters.

ECO/FIN 380 Public Sector Economics 3 SH
The economic nature of government services, public sector decision making and welfare and efficiency evaluation criteria. Examination of taxation, expenditure and borrowing policies of the government and the use of these policies to manage the economy. Prerequisite: ECO 206 for economics majors; FIN 310 for finance majors. Alternate spring semesters. General Education: Social Science.


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