ECON 101 Principles of Economics back to top
An introduction to the concerns and methods of economics, which covers both microeconomic and macroeconomic principles. This course analyses how markets work and how economic decisions are made. It considers the interactions of firms and households in individual markets as well as the workings of national and international economies. The class will examine current economic issues and study how policy can be used to address economic problems. AOS (SS)
ECON 106 Principles of Economics II: Macroeconomics back to top
An overview of the national and international economies and how they interact to affect income, employment, and trade. The problems of unemployment, inflation, and income distribution are analyzed after gaining an understanding of national employment theory, money and the banking system., and the international economy. Monetary and fiscal policies and such issues as national and international debt are also examined. AOS (SS)
Prerequisite: ECON 105
ECON 201 International Business back to top
Examines the environment in which international business is conducted. The course investigates what it takes to be a global manager as it explores the impact of cultural, political, economic and legal differences. Topics covered include global business strategies and international negotiations.
Prerequisite: ECON 101
ECON 205 Mathematical Methods for Economics back to top
This is the first of a two course sequence designed to give economics and business students the quantitative skills necessary for upper level courses in the department. The principal topics covered are: graphing of linear and nonlinear functions, basic rules of differentiation, optimization techniques, and mathematics of finance (compounding and discounting). QR
Prerequisite: ECON 101 and at least a high school algebra course.
Students may substitute MATH 112 for ECON 205, but MATH 112 may not be used as one of the ten units required for the major.
ECON 206 Business Statistics back to top
The second of a two course sequence designed to give economics and business students the skills necessary to understand as well as undertake a serious research project. The emphasis in this course is on statistical inference and basic econometrics. The principal topics covered are probability and probability distributions, sampling distributions, confidence intervals, hypothesis testing, and regression analysis. Computer software will be used to apply these techniques to relevant economic problems. QR
Prerequisite: ECON 101, ECON 205/MATH 112 or permission.
ECON 210 Principles of Accounting back to top
Study of financial accounting theory as a tool for effective business management and control. Emphasis will be placed on the accounting cycle and cash flow analysis as well as analysis and comprehension of standard financial statements. Does not satisfy the social sciences AOS requirement.
Prerequisite: ECON 101
ECON 215 Principles of Managerial Accounting back to top
Study of managerial accounting theory including cost accounting, production variance analysis, responsibility accounting and reporting, differential accounting, and budgeting. Does not satisfy the social science AOS requirement.
Prerequisite: ECON 210
ECON 225 Economics of Developing Countries back to top
Study of key aspects of the poverty problem facing underdeveloped nations; analysis of alternative theories and policy prescriptions, the roles of government planning and the private sector, international trade, and foreign aid. AOS (SS)
Prerequisite: ECON 101 or permission
ECON 235 Environmental and Resource Economics back to top
Study of the economic perspective of environmental and resource problems and issues; the management and allocation of renewable and nonrenewable resources; the trade-off between economic growth and environmental amenities; and the impacts of natural resource availability on economic growth. Emphasis on the development and application of economic theory to contemporary natural resource issues. AOS (SS)
Prerequisite: ECON 101
ECON 240 Public Finance and Fiscal Policy back to top
Examination of federal, state, and local budget priorities and programs from both theoretical and case study approaches. Implications of different taxing and spending decisions will be analyzed. AOS (SS)
Prerequisite: ECON 101 or permission
ECON 245 Money, Banking, and Financial Markets back to top
The study of national and international trends in banking establishes an institutional and historic understanding of the American financial system in the context of the global economy. Issues of globalization, exchange rate regimes, financial crises and the role of central banks and international institutions (IMF, World Bank, BIS) are then examined in relation to domestic issues like inflation, employment and investment. AOS (SS)
Prerequisite: ECON 101
ECON 265 Issues in Urban Economics back to top
This course is both an introduction to urban economics and an in-depth study of one current urban issue. We will examine why cities exist, where they develop, and how they grow and decline. We will also study the economic aspects of contemporary urban planning and development policy issues such as land use zoning, housing, traffic congestion, publicly vs. privately provided goods. AOS (SS)
Prerequisite: ECON 101
ECON 275 Industrial Organization and Public Policy back to top
Study of economic characteristics and business practices of modern industry; antitrust laws and their impact on the American Economy; role of public policy designed to maintain competition, alter its character, or regulate monopoly.
Prerequisite: ECON 101
ECON 280 Law and Economics back to top
Law and Economics studies the interaction between the legal system and the market system. It examines why law is necessary for markets to function and it uses economic principles to analyze laws. This course uses basic tools of economics to understand a variety of legal issues. Topics covered include property and contracts, civil vs. criminal law, antitrust, environmental regulation, and international trade policy.
Prerequisite: ECON 101
ECON 285 Multinational Finance back to top
Explores both international financial market s and global corporate finance. The main topic is the foreign exchange market as we explore how exchange rates are determined, can be predicted, and what derivatives can be used for foreign exchange risk management.
Prerequisite: ECON 101
ECON 290 Open Economy Macroeconomics back to top
This course introduces basic concepts and analytical framework of open economy macroeconomics. It explores balance of payments, fixed and floating exchange rate, international financial markets, as well as equilibrium income in the open economy. It also provides students basic knowledge about how government policies affect private-sector performance in a global setting. AOS (SS)
Prerequisite: ECON 101
ECON 300 Corporate Finance back to top
Study of finance theory as it applies to corporate management and institutional investments. The course emphasizes present value analysis as an analytical tool, working capital management, resource budgeting, market efficiency, stock and bond valuation, dividend policy, financial leverage and risk, and mergers and acquisitions analysis. AOS (SS)
Prerequisite: ECON 206 or MATH 260, and ECON 210
ECON 305 Intermediate Microeconomics back to top
This course deals with (1) the study of the theories of household and firm behavior, equilibrium analysis, market structure, pricing, economic efficiency, and social welfare; and (2) the applications of microeconomics theory to solve real problems faced by actual decision makers in industry and government. AOS (SS)
Prerequisite: ECON 101, and ECON 205 or MATH 112.
ECON 306 Intermediate Macroeconomics back to top
This course introduces the major schools of thought in macroeconomics theory, including the Classical, Keynesian, Monetarist, New Classical, and New Keynesian models. Topics covered include: the determinants of long-run economic growth; IS-LM framework and aggregate demand and supply framework in both closed and open economies; the short run fluctuation of the economy; the influence of monetary, fiscal and exchange rate policy; and alternative theories about aggregate supply.
Prerequisite: ECON 101 and, ECON 205 or MATH 112.
ECON 315 Theory of the Firm back to top
This course deals with the price and output decisions of a firm, an organizational entity engaged in the production and marketing of goods and services in the private sectors of the economy. Specific subject matters covered include economic theories relevant to the understanding of the key determinants of the revenue, costs of production, and resource employment of a firm in both the short and long-run. Pricing decision of the firm under alternative market structures and basic economic theory of investment are also covered. AOS (SS)
Prerequisite: ECON 101
ECON 316 National Income and Business Cycles back to top
An intermediate macroeconomics course that provides essential background for students interested in the area of business and train students to think more systematically about macroeconomic phenomena. This course explores broad aggregate concepts, such as the overall performance of a nation's economy, modern theory of employment, interest rate determination, price and inflation, economic growth, as well as business cycles. It also examines the appropriate role of government with regard to the evolution and implementation of fiscal and monetary policy and how public policy affects behavior of market participants.
Prerequisite: ECON 101
ECON 320 Principles of Marketing back to top
Study of the marketing discipline as it applies to the effective management of small and large businesses. The course emphasizes the application of theory to include price, promotion, distribution, and effective resource allocation. Students should be familiar with accounting and basic statistical concepts.
Prerequisite: ECON 206 or MATH 260, and ECON 210.
ECON 325 Investments back to top
Study of basic investment vehicles, the workings of financial markets and portfolio management. Topics include valuation of equities, fixed-income securities, and derivatives. AOS (SS)
Prerequisite: ECON 210
ECON 330 Econometrics back to top
A course that focuses on econometric theory and practice. Topics covered include the classical regression model, serial correlation, and time series estimation. In this computer lab based course, students will apply econometric techniques to economic questions and issues.
Prerequisite: ECON 206, and ECON 305 or ECON 315; or permission.
ECON 401 International Trade back to top
Explores the gains from specialization and trade within the context of various international trade models. Studies the instruments of trade policy and their welfare effects and carefully explores the political economy of trade policy. Additional topics covered are outsourcing, harmonization efforts and preferential trade agreements.
Prerequisite: ECON 305 or ECON 315 or permission.
ECON 490 Senior Seminar back to top
The content for this course varies each quarter.
Prerequisite: Senior standing.
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