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College of Business and Economics » Dept. of Economics - Course Description and Syllabi

 
Department of Economics - Course Description and Syllabi
 
ECON 101 Introduction to Contemporary Economic Issues (3)
Introduction to fundamental concepts of micro- and macro-economics and the tools that are generally used to analyze current business and economic issues.
     
ECON 200 Principles of Microeconomics (3)
An introduction to microeconomics. The course focuses on supply, demand and product markets, production costs and pricing, and output under different market structures. Prerequisite: MATH 101 or 103 or 110.
     
ECON 201 Principles of Macroeconomics (3)
An introduction to macroeconomics. The course focuses on national income and product accounts, consumption, investment, international trade, and output. It also provides students with a theoretical basis in macroeconomics, and introduces them to the use of Macro models in a real-world context. Topics covered include the nature of risk and its impact, the use of forecasts, the volatility of foreign exchange markets, and the role of fiscal and monetary policy in stabilizing the economy. Concurrent: ECON 200.
     
ECON 209 Math & Statistics for Economics & Business (3)
The course focuses on different mathematical applications and statistical techniques such as basic algebra, system of linear equations, developing and testing of hypothesis using correlation and regression. It enables students to apply different quantitative methods to solve economics and business related problems. Prerequisites: STAT 201; MATH 103 or MATH 110.
     
ECON 300 Intermediate Microeconomics (3)
Mathematically-based theory of relative prices of commodities and services under perfect and imperfect competition; theory of the firm; consumer demand. Prerequisites: ECON 200 and ECON 201 and ECON 209.
     
ECON 301 Intermediate Macroeconomics (3)
Mathematically-based theory and concepts of national income determination, employment and economic growth. Prerequisites: ECON 201 and ECON 209.
     
ECON 304 Economics of Labor (3)
The application of economic theory to current labor problems, domestic and foreign. Problems include wage theory and wage differentials, training policy, poverty, unemployment and underemployment, migration, discrimination, issues of productivity, industrialization and union policies. Prerequisites: ECON 200 and ECON 201.
     
ECON 305 International Economics (3)
Theories and concepts of international trade; real flows; terms of trade; industry structure and resource differences; international competitiveness; the effects of international trade on the economies of importing and exporting countries; the effects of tariffs and quotas and other nontariff barriers on international trade. Also includes multinational corporations, trade and development, customs, and unions. Prerequisites: ECON 200 and ECON 201.
     
ECON 315 Managerial Economics (3)
The course focuses on the application of the concepts of economics to managerial issues. It integrates economic principles with modern management techniques and theory for the purpose of efficient managerial decision-making. Topics include optimization techniques, demand estimation, production and cost analysis, alert structure, and pricing practices. Prerequisites: ECON 201, ECON 200, and ECON 209.
     
ECON 351 Money and Banking (3)
Analysis of capital markets and the role of banks, and other financial institutions in the economy. Prerequisites: ECON 200 and ECON 201.
     
ECON 363 Environmental & Natural Resource Economics (3)
An introductory course in the environmental and natural resource economics, it is designed to help students explore the important role of economics in the design and implementation of policy and management of natural and environmental resources. Prerequisites: ECON 200 and ECON 201.
     
ECON 369 Short Course (1-3)
Topic varies by semester. Classes are taught by a guest lecturer or lecturers. Can be repeated for credit with different topic. Permission of instructor.
     
ECON 388 Independent Study (1-3)
Independent study by student with the requirement that the student writes a report summarizing the knowledge acquired during the period of study. Permission of instructor. Prerequisite: ECON 209.
     
ECON 389 Special Topics (3)
An analysis of contemporary issues in economic theory. Can be repeated for credit with a different topic. Permission of instructor. Prerequisites: ECON 200 and ECON 201.
     
ECON 405 Comparative Economic Systems (3)
A theoretical and historical evaluation of different economic systems, planning strategies and their effects on economic growth, democracy, equity and effectiveness; assessment of the historical experience of the formerly socialist economies; distinctive features of European and Japanese economies and Third World societies. Prerequisites: ECON 200 and ECON 201.
     
ECON 409 Economic Development (3)
Theories and policies of economic development; role of international institutions; impact of international trade policy, international capital flows, exchange rate policies, inflation, public finance, monetary policy, competitiveness, military expenditures; agriculture, population, and the environment. Prerequisites: ECON 200 and ECON 201.
     
ECON 429 Environmental & Energy Policy (3)
The course will examine the principles, policy instruments, and current practice of using economics to analyze various environmental and natural resource problems, especially the economics of energy. It focuses on the study of environmental protection, evaluation of environmental costs and benefits, and optimal management of energy resources. Prerequisites: ECON 200 and ECON 201.
     
ECON 452 Econometrics (3)
Review of econometric statistics and statistical techniques;  the application of statistical models to economic data; regression analysis and estimation of economic models; the question of violations of the basic assumptions of the regression model, dummy variables and analysis of variance; index numbers and time series analysis. Prerequisites: ECON 300 and ECON 301.
     
ECON 470 Internship in Economics (1-3)
An internship experience with the requirement that the student write a report summarizing what the internship job added to his/her knowledge of Economics and related fields. Students are limited to a maximum of 3 internship credit hours for any major and 6 credits overall. Permission of instructor. This is pass/fail course.
     
ECON 485 Seminar in Economics (3)
A seminar for seniors; majors conduct research projects on varying relevant economic issues; presentation of research approaches, subjects and results; a group project and an individual research project may be allowed. Topics and instructor may vary. Senior standing.

 
 
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