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



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