Economics Course Descriptions

Economics Course Descriptions

ECON 101 Introduction to Economics (3) This course introduces basic economic concepts and institutions and their application in the American economy. The course focuses on economic decision-making processes of the consumer, business firms, and the government.

ECON 102 Contemporary Economic Issues (3) This course presents an introduction to economic analysis and policy. Several current economic issues and problems such as energy pricing and availability, environment, quality, inflation, unemployment, and poverty are discussed. The course teaches the importance of modern economic theory.

ECON 105 Economics of Health Care (3) This course provides an economic analysis of the U.S. health care sector. The demand for health and medical care, the delivery of medical services, and the economic aspects of selected health policy issues including National Health insurance, competition between medical care providers, medical cost inflation and public health programs are covered.

ECON 110 History of Economic Thought (3) A systematic study of the history of economic ideas from the pre-industrial era to the modern age is presented in this course. The intellectual and scientific contributions of the great economists are examined in the context of the prevailing social and economic institutions.

ECON 207 Principles of Economics: Macro (3) This course provides an introduction to the theory and analysis of the determination of levels of national income and employment, fluctuations of income, monetary and fiscal policy, inflation and growth.

ECON 208 Principles of Economics: Micro (3) This course introduces economic theory concerning the pricing of goods and services and the factors of production- land, labor and capital. The concepts and theories of competition, monopoly and other industrial structures are studied in detail.

ECON 211 Business and Economic Statistics (3) This survey covers methods to collect, analyze, and interpret data used in business and economic analysis. It provides emphasis on frequency distribution, measurement of central tendency and dispersion, probability theory, hypotheses testing, correlation and index numbers.

ECON 215 Personal Finance (3) This course provides an introduction to the theory and practice of personal financial management and planning. Principles of wealth accumulation, management and disposition are discussed. Specific topics include the economics of insurance and housing, pensions, investments, retirement and estate planning.

ECON 220 Understanding Economic and Business Data (3) Students are introduced to the language and vocabulary of economics and to the world of economic and business quantitative information in this course. The meaning and interpretation of essential economic terminology and business statistics are the central focus of this course. Emphasis is placed on the practical significance and uses of basic economic and business data. Computer literacy and applications are also covered.

ECON 271 Investment Principles/ Practices (3) This course provides an introduction to the strategies, principles, and practices of modern investment analysis and the language and terminology of professional investors. A comprehensive overview of stocks, bonds, mutual funds, and other investment vehicles is presented. The concepts of risk, return, portfolio theory, and investment strategy and timing are also examined.

ECON 353 Labor Economics (3) This course examines American labor markets and theories of wage determination, the study of unemployment problems, the impact of automation and foreign competition, and current trends in labor markets. Prerequisites: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

ECON 354 Labor Relations (3) This course offers a study of labor management relations. It focuses on the collective bargaining process and the historical and legal foundations of American labor movement. Current case studies are examined. Prerequisites: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

ECON 355 Comparative Economic Systems (3) This course examines the major modern world economic systems. It presents an analysis of past and present ideological environments, and a comparison of the economic performance of the Soviet and American economic systems. Prerequisite: ECON 207 Principles of Economics: Macro

ECON 358 Urban Economics: Analysis and Policy (3) This course offers a comprehensive examination of the economic basis of urban centers, the evolution of urban form and function, patterns of industrial location, commerce and households, and current urban economic problems and trends. Prerequisite: ECON 208 Principles of Economics: Micro

ECON 359 Economic Development Theory (3) This course studies the basic concepts and methods of planning for economic development and the input-output analysis examination of economic development of urban and regional areas, including those of lesser-developed nations.

ECON 360 Business Organization and Finance (3) This course introduces the theory and practice of organizing, conducting, and financing a business. Emphasis is placed on legal, institutional, and economic environments, including government regulation and taxation, in which businesses operate.

ECON 362 Intermediate Macroeconomic Analysis (3) This course offers an intensive examination of aggregate economic theory and focuses on national income determination and its components. Keynesian theories of employment, interest and money, as well as post- Keynesian cycle and growth models, are also covered. Prerequisite: ECON 207 Principles of Economics: Macro

ECON 363 Intermediate Microeconomic Analysis (3) This course examines the theories of value and price, consumer demand, factor pricing, and the operation of competitive and imperfectly competitive markets. Prerequisite: ECON 208 Principles of Economics: Micro

ECON 364 Money and Banking (3) This course is designed to introduce the theory of money to students majoring in business, accounting, and economics. The major analytical issues discussed in this course include how money is created, the role of money in the economy, and inflation and the money supply. The role of the dollar in international trade is also discussed. Prerequisites: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

ECON 365 Public Financing (3) This course is a systematic study of the economic role and function of government- federal, state and local-in the United States economy. The rationale for government intervention in the economy, with regard to allocating resources, redistributing income, regulating industry and promoting economic growth, is examined. Tax theory and policy are also discussed. Prerequisite: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

ECON 366 International Trade and Finance (3) International trade theory, current world trade patterns and barriers to trade, world monetary and banking systems, and balance of payments are topics covered in this course. Prerequisite: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

ECON 368 Business and Government (3) This course traces the historical and legal frameworks, and economic implications, of public policies towards competition. Analysis and in-depth examination of the anti-trust laws and other forms of regulations, including a study of leading Supreme Court decisions in the area, are covered.

ECON 369 Business Fluctuations and Economic Growth (3) This course is designed to introduce students of economics and of business administration to the study of economic cycles. Periods of expansion towards full employment and the downturn towards theories of the business cycle are presented with updated illustrations taken from contemporary experience. Modern versions of inflation and recession situations are also analyzed. Prerequisites: ECON 207 Principles of Economics: Macro and ECON 208 Principles of Economics: Micro

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