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Course Descriptions

EC130 PRINCIPLES OF ECONOMICS I: MICROECONOMICS (4) Focuses on the individual consumer, firm and specific market; the principle of supply and demand for specific goods and services; and the role of the price mechanism in allocating resources. Examines when markets work well and when they do not. [Skill: T] Prerequisite: MT100 or math placement into MT107 or higher.

EC131 PRINCIPLES OF ECONOMICS II: MACROECONOMICS (4) Focuses on the economy as a whole. The macroeconomic problems of inflation and unemployment are addressed. The role of government as manager of prosperity is scrutinized. [Skill: T] Prerequisite: MT100 or math placement into MT107 or higher.

EC330 MICROECONOMIC THEORY (4) The analysis of rational human behavior, particularly in specific markets affecting consumer and producer decision making. The role of the price mechanism in allocating scarce resources, and the role of competition, externalities, and public goods play in the determination of market efficiency. [Skill: T] Prerequisite: EC131.

EC331 MACROECONOMIC THEORY (4) Focuses on the problems of the national economy. A variety of viewpoints are examined. Each of these schools of thought, Keynesian, Monetarist, Classical and Rational Expectations, is described and critically evaluated. Theoretical points of view are then shown to have very decipherable effects upon policy. [Skill: T] Prerequisite: EC131.

EC334 BUSINESS STATISTICS I (4) The course is particularly focused on descriptive statistics, probability, sampling, inference, and simple regression and correlation. Additionally, a focus is placed on utilizing statistics to make business decisions and the interpretation of the data beyond the calculations. Prerequisite: Completion of the quantitative competence requirement of General Education.

EC335 BUSINESS STATISTICS II (4) The advanced level of statistics is primarily focused on hypothesis testing methodology for numerical and categorical data, theory and application of multiple regression analysis, and advanced time series forecasting models. Particular attention is given to using statistics to test, predict, and forecast in the context of the capabilities and applications. Prerequisite: EC334.

EC338G-SS COMPARATIVE ECONOMIC SYSTEMS (4) A review of several configurations of political economy ranging from laissez-faire capitalism to socialism to communism. The course will emphasize the historical and philosophical aspects of how various societies and times have attempted to address the basic economic questions such as; what to produce, by whom, and for whom. How do and how have actual as well as theoretical configurations of political economy addressed issues such as poverty, social justice, value, and wealth? Theoretical system types will be critically evaluated using the criteria of efficiency, justice, and liberty. Actual national economics will be examined and placed in a theoretical spectrum. [Skills: T,W] Prerequisite: Junior or senior standing.

EC339 MONEY AND BANKING (4) An economic analysis of the banking and financial system with special emphasis upon the structure, policy goals and targets of the Federal Reserve. The role of money in influencing the macroeconomy will be examined. Prerequisite: EC131.

EC350 TOPICS IN ECONOMICS (4) Topics to be announced, such as Contemporary Economic Problems, Environmental Economics, Women and the Economy, Transportation, and Economic Geography. May be repeated when topics vary.

EC430G-SS EQUALITY, THE ENVIRONMENT, ECONOMIC GROWTH, AND SUSTAINABLE DEVELOPMENT (4) Economic analysis will be used in a study of the issues and problems involved in the sustainable development of first world and third world countries. Both the trade-off and the complementary aspect between economic growth and environmental protection will be considered. National and international plans and policies which impact sustainable development, equality, economic growth, and environmental protection will be scrutinized from the global social welfare perspective. [Skill: T] Prerequisites: Junior or senior standing.

EC433 ADVANCED THEORETICAL ECONOMICS; LABOR, INDUSTRIAL ORGANIZATION, AND INTERNATIONAL ECONOMICS (4) Advanced Theoretical Concepts in Economics is specifically designed to prepare students with a more rigorous foundation for graduate study as well as augment and provide cohesion for economics minors in general using principles, concepts, techniques in new applications and levels of understanding. An assortment of topics from International Economics, to Labor Economics, to Industrial Organization will be treated. Standard Economic Theory makes the case for when markets work well and when they do not. Labor and International Economcis as well as Industrial Organization use detailed proofs and sets of assumptions to examine the special cirucumstances and nature of labor markets, international trade regimes, and the level of competition within industry. This course also forumlates appropriate responses to market failure. Prerequisites: EC130 and EC131 and junior or senior standing.