Economics Courses

ECON 101 Personal Finance 3 credits
This course explores practical and realistic models and methods to manage personal finance effectively including buying and selling a house, balancing a checkbook, budgeting, negotiating, investing, insurance issues, financial planning, valuing stocks and bonds, investing for retirement, and buying insurance for property and person.

ECON 162 Principles of Macroeconomics 3 credits
Principles of Macroeconomics introduces the fundamental topics of macroeconomics. The course focuses on the empirical characteristics of the modern American economy and on how those characteristics are measured. Topics covered include aggregate demand and supply analysis, national income determination, fiscal policy, the banking system, and the role of fiscal and monetary policies in controlling and stabilizing  unemployment and inflation.

ECON 163 Principles of Microeconomics 3 credits
Principles of Microeconomics introduces the fundamental principles of microeconomic theory and their application to consumer behavior, profit maximization, labor markets, and public choice. Alternative market structures are explored with formal emphases placed on resource allocation and issues of productivity.

ECON 222 Research Methods in Economics 3 credits
Research Methods in Economics introduces elementary research methods in economics. The course includes the use of microcomputers in economics and business. Emphasis is on using spreadsheets to prepare quantitative research projects in economics. The course also covers writing quantitative reports in economics. Prerequisites: ECON 163 and MATH 281 or
383 or PSYC 205. Prerequisite or corequisite: MATH 282 or 384.

ECON 260 Comparative Economic Development 3 credits
Comparative Economic Development examines major analytical and policy issues facing the “lesser developed” nations of the world. Development is defined, and contrasting policies of individual countries that have succeeded or failed are examined. The developmental role of agriculture, export-oriented policies, women, labor markets, multinational corporations, the public sector, the World Bank, and the International Monetary Fund are also considered. Prerequisite: ECON 162 or 163.

ECON 270 Comparative Economic Systems 3 credits
Comparative Economic Systems examines the post World War II performance of the industrialized economies. The course compares the relative economic performance of the market capitalist economies and the former centrally planned socialist economies. Emphasis is on international competition among the industrialized economies. The course concludes with a brief survey of the less developed economies and their prospects for economic modernization.

ECON 280 Managerial Economics 3 credits
Managerial Economics is a study of profit-maximizing managerial decision-making with emphasis on the external environment of the firm. The course introduces students to quantitative techniques of decision-making. Prerequisite: ECON 163.

ECON 287 Organizations and Human Behavior 3 credits
This course is a study of specific aspects of organization culture, such as motivation, conflict, power, and leadership. Focus is on improving the effectiveness of organizations by strengthening human processes. (This course may be taken for credit as PSYC 287 or BUSA 287.)

ECON 290 Principles of Marketing 3 credits
Principles of Marketing introduces the fundamental concepts that help improve marketing decision-making. The student is introduced to the language of marketing, the concepts of marketing strategy, the concept of product development, the psychology of consumer behavior, the mix of intermediate channel members, and the role of promotion and pricing. (This course may be taken for credit as BUSA 290.)

ECON 301 Intermediate Price Theory 3 credits
Intermediate Price Theory is a study of consumer behavior, demand analysis, market development, output determination, cost analysis, and pure and imperfect competition. The course includes exposure to  mathematical constructs. Prerequisites: ECON 163 and either MATH 201 or 205.

ECON 302 Intermediate Macroeconomics 3 credits
Intermediate Macroeconomics is a study of the determinants and the behavior of the national economy, with emphasis on income determination, employment, price levels, and monetary and fiscal policy. Prerequisite: ECON 162.

ECON 303 Student Investment Fund 2 credits
This course provides students the opportunity to utilize their finance and investment knowledge to make hands-on investment decisions in managing a portfolio of approximately $1 million. The students learn, research, and implement various aspects of fund management such as: establishing portfolio objectives and risk management; researching and analyzing the current economic and investment environment; industry sector analysis; company analysis and evaluation; assessment of risk tolerance; portfolio formation; trading and performance evaluation.

ECON 304 Advanced Price Theory 3 credits
Advanced Price Theory is a study of general equilibrium and welfare economic analysis, resource pricing, price discrimination, information and time, external costs and benefits, public goods, transportation, and  microeconomic foundations of aggregate demand and supply. This course also includes exposure to appropriate mathematical constructs.  Prerequisite: ECON 301.

ECON 311 Principles of Management 3 credits
This course exposes students to the general principles of the field of management, which includes planning, organizing, leading, innovating, and controlling organizational efforts. It also examines the role of ethics and the role of management within the broader social context. (This course may be taken for credit as ACCT 311 or BUSA 311.)

ECON 312 Financial Management 3 credits
Financial Management is an exploration of corporate organizations and the planning of their financial requirements. The course includes an intensive study of cash flow, ratio analysis, budgeting, capital decision making, external financing, and corporate failure and reorganization. (This course may be taken for credit as ACCT 312 or as BUSA 312.) Prerequisites: ACCT 202, 203, and ACCT/BUSA/ECON 222.

ECON 316 Money and Banking 3 credits
Money and Banking is a study of the behavior of various financial institutions with emphasis on the operation of commercial banks and the Federal Reserve System. The course also includes a review of money, interest rates, and income determination. Prerequisites: ECON 162; ACCT/BUSA/ECON 222; MATH 281.

ECON 325 Investment Management 3 credits
Investment Management is a critical study of the various types of investment instruments and the relative merits of each. In addition, the course explores investment procedures, security analysis, portfolio theories, and portfolio analysis. Prerequisites: ECON 162; ACCT/BUSA/ECON 222; ACCT 202; MATH 281 or permission of the instructor.

ECON 332 Business Law 3 credits
Business Law is an introduction to the nature and development of common law and of the Uniform Commercial Code. Included is the study of contract law, business aspects of criminal law, ethical aspects of legal issues, and issues related to partnerships and corporations. (This course may be taken for credit as ACCT 332 or as BUSA 332.)

ECON 350 Business Cycles and Forecasting 3 credits
Business Cycles and Forecasting explores economic fluctuations in the modern American economy against the backdrop of the alternative theories explaining these fluctuations. Students in the course are presented with the quantitative data which describes the cycles and the analytical techniques used to generate economic forecasts. Prerequisites: ECON 302 and MATH 282.

ECON 360 International Trade 3 credits
International trade is an examination of the principles of international trade and finance and their application to the modern world. The concepts emphasized are exchange rates, theories of comparative advantage, economies of scale, tariffs, quotas, commercial policy, capital movements, reciprocal effect of changes in microeconomic and macroeconomic  policies, the role of international organizations, and aid to developing countries. Prerequisites: ECON 162 and 163.

ECON 371 International Finance 3 credits
International Finance is a study of the balance-of-payment accounts, foreign exchange rate determination, fixed and flexible exchange rate regimes, currency futures and options, international capital flows, indebtedness, interest rates, and the international banking environment. Prerequisites: ECON 162, 163, and ACCT/BUSA/ECON 222.

ECON 477 Senior Seminar 3 credits
The Senior Seminar in Economics is a review of economic analysis with some attention to its historical development. In the course students gain command of the research methods characteristic of contemporary economics and their incorporation in the preparation of written reports in economics. Prerequisite: Calculus and Senior standing in Economics or permission of the instructor.

ECON 481 Business Law II 3 credits
This course is a continuation of Business Law I. Topics include: Commercial; Real and Personal Property; Bailment; Landlord and Tenant Relations; Wills Intestacy and Trusts; Intellectual Property; Computer Privacy and Speech; Employer-Employee Relationship; Employment Law; Product Liability; Professional Liability, International Business Law; and, Contract Interpretation. (This course may be taken for credit as ACCT 481 or BUSA 481.)

ECON 482 Ethics in Business 3 credits
This course exposes students to the social and economic responsibilities of business to society by examining the critical role of ethics in business decision making and its application to key strategic business decisions. (This course may be taken for credit as ACCT 482 or BUSA 482.)

ECON 487-488 Independent Study 3 credits

ECON 490 Senior Project 2 credits
The Senior Project is open only to students majoring in Economics. Students prepare and present a senior project. The topic for the senior project must be selected during the first semester of the senior year and must be approved by the department chair.

ECON 495 Graduation Audit Non-credit
Registration for this course initiates a graduation audit process to verify that all requirements for graduation are scheduled to be met by the anticipated degree completion date.

Course Descriptions