Courses

ECON-105 Elements of Economics

Basic macro- and microeconomics principles. Discusses unemployment, inflation, resource scarcity, and consumer and business behavior undervarious market structures. Credit for business andaccounting minors, but not for majors inaccounting, business administration or economics.

ECON-201 Principles of Macroeconomics

Introduces aggregate economics. Emphasizes currentissues such as unemployment, inflation, stagflation, monetary and fiscal policies, and international economics.

ECON-202 Principles of Microeconomics

Introduces principles of supply and demand, how they affect levels of output, price and employmentunder various market structures.

ECON-311 Intermediate Macroeconomics

A comprehensive study of the major economic aggregates and the theories of income determination. Includes applications to contemporary public issues, such as achieving fullemployment, price stability and a desired rate of economic growth.

ECON-313 Intermediate Microeconomics

Analyzes how consumers, businesses, and suppliers of labor and other resources make their choices. Covers how individual markets for products and resources determine resource allocation, wages, prices, income distribution and levels of production.

ECON-315 Managerial Economics

A study of the application of economic theory and methods to business and administrative decision-making processes, emphasizing the role that economic analysis plays in managerial decisions. Quantitative methods and tools - such as simple regression analysis, statistics, time series forecasting models, linear programming, andspreadsheet- packages - are introduced to assist students in gaining better insight into the methods of economic analysis and the applications of managerial economics to real-life decisions.

ECON-322 Introduction to Econometrics

Examines the general linear regression model and its use to analyze economic data. Focuses on estimating economic models, verifying economic theories by testing alternative hypotheses, and forecasting the future of economic variables.

ECON-325 Labor Economics

Theoretical and empirical investigation of the functions and outcomes of labor markets. Discussesand analyzes current labor issues, trends anddevelopments. Emphasizes how public policies,individual market characteristics of employees, firms and organized labor influence human resourceallocation and compensation.

ECON-330 International Trade & Finance

Examines contemporary and historical patterns of economic interactions and interdependence among national economies. In-depth analysis of exchange rates, capital flows and trade flows. Discusses problems of international resource transfers in the context of evolving international economic institutions.

ECON-331 Money and Banking

Examines depository and non-depository financial institutions, financial markets and instruments. The Federal Reserve System's structure and role incontrolling the money supply and regulating financial institutions and markets are discussed in detail. The course examines Keynesian, Monetarist and New Classical approaches to monetary policy and controversies concerning inflation, unemployment, economic growth, andbalance of payments.

ECON-332 Public Finance

Examines the influence of government in a market-oriented economy. Analyzes how tax andspending policies reallocate resources, redistribute income, and affect stable economic growth.

ECON-335 Economic Development

Examines theories of economic growth anddevelopment. Includes in-depth discussions ofproblems of economic development that confront developing nations.

ECON-338 International Political Economy

Examines issues of political interaction witheconomic forces at the national, international, and global levels. Topics studied include: economic systems, international trade and finance,the European Union, NAFTA, CAFTA, OPEC multinational corporations, economic development, poverty, inequality, and global environmentalissues.

ECON-341 Economic Policy

Examines theory and practice of economic policy inthe contemporary open economy environment. Includes detailed analysis of fiscal and monetary policies for the interdependent nationaleconomies. Emphasizes the relationship between deficit financing and inflation.

ECON-370 Game Theory

Game Theory will study the strategic interaction between parties. Norman ald extensive form games will be studied, with discussions of dominant and mixed strategies, Nash Equilibrium, and incentive compatibility. This course will presentapplications to economic decision-making, industrial organization, bargaining and negotion, and political science.

ECON-373 Political Economic Thought

This course will study the writings on political and economic issues from several different writers. The readings will be from a diverse set of writers, with views ranging from politically liberal to politically conservative. We willexamine and analyze these writers' views on socialjustice, tax policies, discrimination, socialism, and much more.

ECON-375 Topics in Economics

Study of selected topics as needed, based on student and instructor interest. 2 - 4 SH.

ECON-441 History of Economic Thought

A survey of the development of economic ideas. Examines the parallel development of economicdoctrines and industrial systems from the Middle Ages to the present. Examines implications ofthese doctrines for current policy issues.

ECON-442 Emerging Market Economies

Examines emerging market economies on both theoretical and practical bases and in historical perspective. Compares market-oriented economies arising from different socio-cultural backgrounds.

ECON-465 Global Financial Markets

Introduces the new and intriguing world of global finance. Explores theoretical and practical reasons for international capital flows. Studies the evolution of financial liberalization on a world scale in conjunction with interest rate and exchange rate dynamics. Practically analyzes the interplay of capital inflows and domestic economicpolicies using examples of economic collapses of Asia, South America and Eastern Europe. Impacts ofEuropean Monetary Union and the co-integrating relationship between the major financial centers conclude the course.

ECON-499 Applied Research Methods

An introduction to the empirical research methods in economics. Students will be expected to use real data in a topic chosen in consultation with the instructor and present their findings. Prerequisites: Statistics (MGMT-202 or MATH-141 orPSYC-123), ECON-201 and ECON-202 (or ECON-105), senior standing, and instructor's permission. 4 SH. Core: Capstone.

ECON-500 Seminar in Economics

A course focusing on varying topics of interest tothe students and the instructor. Topics may include public policies toward business, problems of manpower development, the role of population ineconomic development, development of various regions, or the use of mathematics in economics.