Economics Courses

ECO101 Principles of Macroeconomics (3 crs.)

Introduction to aggregative economics. Provides some historical and institutional perspective on the U.S. and world economy, focus primarily upon contemporary theories of employment, inflation, and growth. Also examined are monetary and fiscal policy and foreign trade.

ECO102 Principles of Microeconomics (3 crs.)

Introduction to theory of price, including demand theory; the theory of the firm under purely competitive and imperfectly competitive market conditions; and the theory of income distribution. Application of theory to practical problems stressed.

ECO113 Principles of Economics (4 crs.)

Introduces fundamental concepts important for understanding how individuals and organizations function within an economy. Covering both microeconomic and macroeconomic principles, a wide array of both theoretical and applied issues are addressed as are how changing market conditions impact consumers and firms and how government policies influence the economy and business decisions. This course is not open to students who have completed either ECO101 and/or ECO102.

ECO270 Intermediate Macroeconomic Theory (3 crs.)

Concerned with economic variables in the aggregate. Involves an analysis of national income accounting, the volume of output, income and employment, and the fine points of fiscal and monetary policy. Designed to aid students in advanced work in economics and especially to prepare them for graduate study. Prerequisite: ECO101 or permission of department.

ECO280 Managerial Economics (3 crs.)

Designed in the methods of applying economic concepts to solving business problems and gaining insight into the nature of business enterprises. Combined with statistics, economic principles are used to analyze decision-making within profit maximizing organizations. Alternative market structures and how they affect the business environment are considered. Based upon theoretical concepts and empirical research results, students can appreciate the applicability of analytical thinking within organizations. Prerequisites: ECO113 or ECO102 and Applied Calculus.

ECO305 Money and Banking (3 crs.)

Deals with monetary and banking principles and practices, credit, commercial banks and other financial institutions, and the Federal Reserve System. Prerequisite: ECO101 or permission of department.

ECO310 Public Finance (3 crs.)

Deals with theory and categories of public expenditures, principles and effects of taxation, major forms of taxes, theory and problems of government borrowing and deficit financing, fiscal policy, budgets, and fiscal administration. Prerequisites: ECO101 and ECO102 or permission of department.

CO317 Health Economics (3 crs.)

Introduces the fundamental concepts of health care markets. Transactions among health care providers, insurance companies, government and patients will be examined. Basic tools of economics are introduced to analyze the behavior of consumers, hospitals, insurers, and health care professionals. Topics covered include the demand and supply of health care, health insurance, pharmaceutical industry, quality of care, access to care, competition, reform proposals, and government programs and regulation. Prerequisite: ECO102 or ECO113 or permission of department.

ECO321 International Economic Policy (3 crs.; usually offered as summer online course)

Introduces basic theory of international trade and finance. Highlights sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints and export subsidies. International agreements on regional trade liberalization (such as EU and NAFTA) and on multilateral trade liberalization (e.g., WTO) will also be discussed. Topics on international finance include balance of payments, determination of foreign exchange rates, and international monetary system. Prerequisite: ECO102 or ECO113 or permission of department.

ECO325 Globalization: Issues and Policies (3 crs.)

Introduces numerous issues related to globalization and explores alternative ways of interpreting challenges and opportunities, as well as policy response options. Impact of globalization on both rich and poor nations, on skilled and unskilled workers, on farmers and non-farmers, etc., will be presented and discussed. While topical, course based upon both the theoretical and empirical literature. Prerequisite: ECO101 or ECO102 or ECO113.

ECO330 Development of Economic Thought (3 crs.)

Concerned with reading and critical discussion of writings of the classical economists, the pre-Marxian and Marxian Socialists, the Neo-Classical economists, the institutional economists, and important contributions to modern economic thought. Prerequisite: ECO101, ECO102 or permission of department.

ECO340 Introduction to Regional Economics (3 crs.)

Discusses the economics of industrial location, land utilization, urban structure, and regional development. Problems of locational change and adjustment are analyzed. Objectives, methods, and implications of policies of public control are emphasized. Prerequisite: ECO102 or permission of department.

ECO345 The Economics of Growth and Development (3 crs.)

Introduces the general field of economics growth and the problems of developing countries. Specifically, the nature of a typical underdeveloped area and the problems of capital formation, population growth, and economic organization are analyzed and compared with those arising with the growth of industrialized countries. Theories of economic growth and their relevance to current problems in developing areas and various forms of international assistance, are examined. Prerequisite: ECO102 or permission of department.

ECO355 Environmental Economics (3 crs.)

Focuses on environmental issues from both a microeconomic and macroeconomic point of view. Pollution control policies such as taxes, subsidies, marketable pollution permits, and government mandated pollution standards are analyzed from theoretical and applied perspectives.

ECO360 Industrial Organization (3 crs.)

Analyzes structure, conduct, and performance of American industry with emphasis on the economic and social impact of the concentration of economic power in the industrial sector. Prerequisite: ECO102 or permission of department.

ECO377 Sports Economics (3 crs.)

Tools of economic analysis are used to study the sports industry. Topics of discussion include monopoly, monopsony, pricing strategies, profitability, role of unions, discrimination, salary determination, and college athletics. The course is divided into three main sections: 1) the market structure of sports, 2) the financing of professional sports, and 3) the labor markets of professional and amateur sports. Prerequisite: ECO101 or ECO102 or ECO113.

ECO393 Selected Topics in Economics (1-3 crs.)

Opportunity to offer courses in areas of departmental major interest not covered by the regular courses.

ECO484 Mathematical Economics (3 crs.)

Covers the specification of economic models in mathematical terms. Applications of mathematical analysis to both macroeconomic and microeconomic concepts are presented. Prerequisites: ECO101 and ECO102 or ECO501; and MAT181 or MAT211 or MGS530.

ECO485 Econometrics (3 crs.)

Covers statistical estimation and testing of economic models. Topics include specification of models, data problems, and estimation problems encountered in the study of economics, such as serial correlation, hetroscedasticity, autoregression, lag models, and identification. Prerequisites: ECO101 and ECO102 or ECO501; and MGS226 or MGS531.

ECO490 Selected Topics (3 crs.)