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Economics Course Descriptions

ECO113 | ECO114 | ECO213 | ECO214 | ECO215 | ECO285 | ECO299 | ECO301 | ECO313 | ECO363 | ECO364 | ECO365 | ECO366 | ECO375 | ECO381 | ECO385 | ECO391 | ECO393 | ECO399 | ECO413 | ECO414 | ECO461 | ECO462 | ECO467 | ECO471 | ECO473 | ECO485 | ECO490 | ECO493 | ECO497 | ECO499

 

ECO113 Microeconomic Principles, 3 semester hours
This course introduces students to the basic principles of microeconomics, including the nature and method of economics and the role of the private and government sectors. Emphasis is placed on the firm, market structures, and resource allocation.  Back To Top

ECO114 Macroeconomic Principles, 3 semester hours
Students in this course learn the basic principles of macroeconomics, including national income accounting, business cycles, income determination, and monetary and fiscal problems and policy. Also considered is international economics, including trade, comparative advantage theory, balance of payments, exchange rates, and trade and finance problems and policy. 
Prerequisite: ECO113. Back To Top

ECO213 Economics of Social Issues, 3 semester hours
The course objectives are to increase the student's knowledge and interest in the economic consequences of social issues and to provide the student with the basic analytical skills needed to assess social problems from an economics perspective. Students will learn how to determine the appropriate economic principles which, when applied, might bring about the reduction or resolution of particular social issues.
Prerequisite: ECO114. Back To Top

ECO214 Intermediate Macro Economics, 3 semester hours
This course examines macroeconomics concepts and problems. Students will develop the analytical capability to determine how aggregate demand and aggregate supply are influenced by the public and private sectors as measured by changes in employment, inflation, national output, and international trade. An analysis will also be made of the impact of selected macroeconomic policies that employ classical and Keynesian recommendations for increasing real national output while maintaining price stability. 
Prerequisite: ECO114. Back To Top

ECO215 Econometrics, 3 semester hours
This course is an introduction to basic econometric techniques and strongly emphasizes applications. Students consider problems in estmating such economic variables as consumption-income-price relationships, production functions, as well as problems in simulating economic models. 
Prerequisites: MATH106, MATH20, and ECO114. Back To Top

ECO285 Special Topics in Economics, 3 semester hours
Topics under this course heading will vary from year to year according to student interest, faculty availability, and timely developments in the field of economics. Likely areas for Special Topics are Economic Policy, Middle East Economics, Urban Economics, and Pacific-Basin Economics. Back To Top

ECO299 Honors: Special Topics in Economics, 3 semester hours
Honors courses provide the opportunity for exceptional achievement. Instructors use methods and introduce concepts that will challenge the highly motivated student. Often interdisciplinary in approach and sometimes team taught, honors courses typically offer students occasions to extend their learning beyond the classroom. 

ECO301 Money and Banking, 3 semester hours
This course presents the nature and function of money and credit, the process of money creation, the monetary and banking institutions and system. It also introduces students to monetary theory and policy. 
Prerequisite: ECO114. Back To Top

ECO313 Intermediate Mirco Economics, 3 semester hours
In this course, the behavior of business firms will be studied through an investigation of demand, supply and equilibrium under conditions of perfect and imperfect competition in the product market. Similar analytical techniques are then employed to examine the efficient allocation of the factors of production. 
Prerequisite: ECO114. Back To Top

ECO363 Industrial Organization: American Industry, 3 semester hours
Industrial Organization is concerned with the way markets and industries are structured and the behavior and performance of firms in those markets and industries. Topics to be covered in this course include oligopoly, pricing strategies, research and development, barriers to entry, and advertising. Specific industries such as steel, autos, and computers will be examined. 
Prerequisite: ECO114. Back To Top

ECO364 Industrial Organization: Government and Business, 3 semester hours
The emphasis in this course is on the application of economic concepts and tools to evaluate the effectiveness of government antitrust laws and regulartory practices in bringing about a more competitive economic system. Topics include price fixing, predatory pricing, and price determination. The origins and tasks of Federal and State Regulatory Commissions are also examined. 
Prerequisite: ECO114. Back To Top

ECO365 Euro-American Economic History, 3 semester hours
A comparative history of the economic development and working class evolution in Europe as it relates to the growth of the U.S. style capitalism from the age of the Industrial Revolution to modern times. Transformation of world markets and the labor movement in a global environment will be examined. Topics include: the industrial revolution, class struggles, demographic aspects of the Labor Force, political coalitions/aliances, rise of capitalism and socialism, American exceptionalism, national differences, international aspects of unionism and the growth of economic activity worldwide. 
Prerequisite: ECO114. Back To Top

ECO366 Forecasting and Economic Analysis, 3 semester hours
This course is a varied study of the methods that are currently designed to explain and measure the changes of US business activity. The emphasis is placed upon economic forecasting, and business cycle analysis. 
Prerequisite: ECO114. Back To Top

ECO375 Labor Economics, 3 semester hours
This course is a comprehensive study of the market for human resources, probing the workings of labor markets with an emphasis on wage determination, human capital development, productivity, and corporate labor issues and practices. Economic modeling is used to further an understanding of such topics as poverty, labor market discrimination, labor relations, collective bargaining, workforce training and education, and the role of human resources in global competition. 
Prerequisite: ECO114. Back To Top

ECO381 Regional Economics, 3 semester hours
Students in this course focus on regional economic growth. Topics include location theory, rent theory, comparison of economic structure between the major geographic areas, and public and private area development programs. 
Prerequisite: ECO114. Back To Top

ECO385 Special Topics in Economics, 3 semester hours
Topics under this course heading will vary from year to year according to student interest, faculty availability, and timely developments in the field of economics. Likely areas for Special Topics are Economic Policy, Middle East Economics, Urban Economics, and Pacific-Basin Economics.  Back To Top

ECO391 Economics Internship, 3 semester hours
Economics internships give students the opportunity for supervised employment in an area where they can apply economic theories and principles. Interns work at least ten hours a week, meet periodically with a supervising faculty member, do research on their field of employment, and prepare a substantive report on their work experience and research. Approval required by a supervising faculty member and the department chair. 
Junior standing is required.  Back To Top

ECO393     Managerial Economics, 3 semester hours
This course provides students with a clear exposition of the parts of economic analysiswhich bear directly on the management of a business firm in the free enterprise economy.
Prerequisite: ECO114. Back To Top

ECO399 Honors: Special Topics in Economics, 3 semester hours
Honors courses provide the opportunity for exceptional achievement. Instructors use methods and introduce concepts that will challenge the highly motivated student. Often interdisciplinary in approach and sometimes team taught, honors courses typically offer students occasions to extend their learning beyond the classroom. Back To Top

ECO413 : Applied Microeconomics: Case Studies, 3 semester hours
This course, with its case study focus, examines the application of microeconomic theories to real business and industry environments. Issues of supply and demand, market structures, government intervention, and resource markets are among a few of the topics of discussions and analyses.
Prerequisite: ECO313.
Back To Top

ECO414 : Applied Macroeconomics: Case Studies, 3 semester hours
This course covers core issues in macroeconomics at an advanced level. Topics covered will include long term growth, short term fluctuations and policy issues. The course centers on macroeconomic practical applications and issues by integrating case studies and journal articles. The overall goal is to gain a broad and critical understanding of models that can help to analyze specific policy issues in the global environment.
Prerequisite: ECO214.
Back To Top

ECO461 Environmental Economics, 3 semester hours
This course develops and uses microeconomic principles to better understand current environmental problems. Attention is given to the efficient use of environmental resources. Various public policies dealing with environmental problems such as acid rain, global warming and air and water pollution are discussed and analyzed. International comparisons regarding environmental policy is incorporated.
Prerequisite: ECO114. Back To Top

ECO462 Public Finance, 3 semester hours
This course examines the role of the federal government in the market when there are market failures. The course focuses on issues surrounding the efficient allocation of resources, the existing distribution of income and policies designed to stablize the economy. The fundamentals of the personal income tax and social security tax are outlined and the impact on economic behavior is discussed. Similarly, federal expenditures for health, social security, education, and welfare are evaluated.
Prerequisite: ECO114. Back To Top

ECO467 Economic Development, 3 semester hours
An analysis of less developed nations. Areas covered include characteristics of less developed countries; economic, social, and political problems; foreign aid and trade; the role of governments; human and nonhuman capital formation; and some case studies of individual countries.
Prerequisite: ECO114. Back To Top

ECO471 International Trade, 3 semester hours
In this course students consider the theory of international trade, the issue of free trade vs. protectionism, economic integration, the balance of payments, and major issues of international finance.
Prerequisite: ECO114. Back To Top

ECO473 Economics of Health and Medical Care, 3 semester hours
This course will examine economic processes in the health care industry of the United States. It provides the student with an understanding of how decisions are made by providers, consumers, and the third party payors for pricing and the quantity of health care services. This course will cover decisionmaking models, analyze policy issues and investigate political and economic aspects of the health care industry. Among the topics covered are market mechanism and structures, government intervention, health care reform and insurance, and ethics in health care.
Prerequisite: ECO114. Back To Top

ECO485 Special Topics in Economics, 3 semester hours
Topics under this course heading will vary from year to year according to student interest, faculty availability, and timely developments in the field of economics. Likely areas for Special Topics are Economic Policy, Middle East Economics, Urban Economics, and Pacific-Basin Economics.  Back To Top

ECO490 Seminar in Economics, 3 semester hours
This senior seminar for the Economics concentration focuses on selected key issues and problems in both macro and microeconomics. Various members of the economics faculty will conduct the seminar, and extensive student participation will be expected. Each student in the seminar will prepare and present a substantial research paper that will represent the culmination of his/her undergraduate study in economics.
Permission of the instructor is required.
Prerequisite: ECO314 Back To Top

ECO493 Managerial Economics, 3 semester hours
This course provides students with a clear exposition of the parts of economic analysis which bear directly on the management of a business firm in the free enterprise economy.
Prerequisite: ECO114. Back To Top

ECO497 Directed Studies in Economics, 3 semester hours
This course allows senior economics majors to do independent indepth study or research under the direction of a member of the Economics Department.  Back To Top

ECO499 Honors: Special Topics in Economics, 3 semester hours
Honors course provided the opportunity for exceptional achievement. Instructors use methods and introduce concepts that will challenge the highly motivated student. Often interdisciplinary in approach and sometimes team-taught, honors courses typically offer students occasions to extend their learning beyond the classroom.  Back To Top